The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has announced the ground-breaking ceremony for the building of a 1,600-capacity student hostel in Akwa Ibom State.
Director of Information and Public Relations Mohammed Manga in a statement explained that the project is part of a N98.2 billion nationwide initiative to enhance educational infrastructure.
He quoted the minister to have indicated that the Federal Government, in partnership with states and the private sector, will construct 24 housing facilities across 24 institutions, each with 1,600 bed spaces.
The initiative he said will address a significant student accommodation deficit, enhancing student performance and well-being adding that it is also a testament to the sophistication and depth of local capital markets.
Represented by the Ministry’s Permanent Secretary Special Duties Mr Okokon Ekanem Udo, the Minister explained further that the initiative will invest in Nigerian youth and educational infrastructure, ensuring that the leaders of tomorrow have the resources and environment they need to thrive.
“It also demonstrates the private sector’s willingness and capacity to partner with government to deliver critical infrastructure projects across all geopolitical zones, to reduce the housing deficit, Wale Edun said.