FHA to Build Diaspora City in 7 States, Targets 30 Months for Abuja Project

2 days 6 hours ago

By Simon Echewofun Sunday

The Managing Director/CEO, Federal Housing Authority (FHA), Prof. Mohammed Al-Amin, has announced plans to build a Diaspora City in seven states of the country.

Prof. Al-Amin, who spoke yesterday when he received the Chief Executive Officer/Editor-In-Chief of Medial Trust Limited (MTL), Malam Mannir Dan-Ali, said the innovative model was a strategy to attract Foreign Direct Investments (FDI) and boost job creation and access to housing schemes for Nigerians in the Diaspora, adding that over the years, about $20 billion has been attracted from the Diaspora.

He said rather than allow offshore funds to go into the black-market in the country, FHA made a case for legal means of channelling the funds for local investments.

READ MORE: https://www.dailytrust.com.ng/fha-to-build-diaspora-city-in-7-states-tar...

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