Urban Development
Implementation
Karu
Nasarawa State Government
7,853,250,000.00
2021-12-02
36 month(s)
The asset is located at Karu on a 100 hectares
Affordable Housing Development
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.