NASIDA HQ, Shendam Road, Lafia, Nasarawa State 08130861406 info@nasida.na.gov.ng

Peninsula Housing Estate

Sector

Urban Development

Phase

Implementation

Location

Karu

Sponsoring Agency

Nasarawa State Government

Indicative Value

7,853,250,000.00

Last Update

2021-12-02

Project Duration

36 month(s)

Project Need

The Nasarawa Housing Programme for the construction of 2,000 mass housing units is designed to address the growing housing deficit in the state, driven by rapid urbanization and increasing population. This initiative aims to provide affordable, sustainable, and quality housing for low- and middle-income earners, fostering improved living standards and socio-economic growth. The project will leverage public-private partnership (PPP) models to ensure efficient resource allocation, modern construction techniques, and community-driven planning. It also seeks to create employment opportunities during and after construction while promoting urban planning that aligns with the state's long-term development goals.

Description Of Asset

The asset is located at Karu on a 100 hectares

Description Of Services

Affordable Housing Development

Rationale for Selection of PPP Model

The Public-Private Partnership (PPP) model is ideal for the construction of 2,000 mass housing units in Nasarawa State due to its ability to harness the strengths of both public and private sectors. Through this model, the government provides land, regulatory frameworks, and support, while private investors bring in capital, technical expertise, and innovative construction practices. This collaboration ensures cost-effectiveness, reduces financial burdens on the state, and accelerates project timelines. The PPP model also promotes accountability and efficiency by aligning the interests of all stakeholders toward the timely and successful delivery of the housing units.  

Additionally, the PPP approach mitigates risks through shared responsibilities, making the project more sustainable and resilient to challenges. The model enhances the state's capacity to deliver affordable housing by leveraging private sector resources and market-driven solutions, while ensuring compliance with urban planning and environmental standards. It fosters economic growth by creating job opportunities, stimulating local industries, and attracting further investments. This alignment of public good with private profitability makes PPP the most strategic and impactful model for addressing Nasarawa's housing needs.


Stakeholder Consultations

Ministry of Justice, NAGIS, NUDB, Ministry of Land and Urban Resource, and Nasarawa Investment & Development Agency (NASIDA)

Project Milestones

Information will be published when available

Contact Us

NASIDA HQ, Shendam Road, Lafia, Nasarawa State

info@nasida.na.gov.ng

08130861406