The Housing Development Advocacy Network (HDAN) has called on the Federal Government to abandon plans to sell a seized Abuja estate and instead transform it into a flagship social housing project.
The estate, comprising 753 housing units linked to former CBN Governor Godwin Emefiele, is located in Lokogoma and was forfeited to the government last December. While officials have touted its sale to low- and middle-income earners, HDAN argues the property should be repurposed for affordable rental housing.
“This is a golden opportunity to convert a high-value asset into a national solution for youth and vulnerable families,” said Festus Adebayo, HDAN’s Executive Director.
Adebayo proposed a digital raffle system to allocate units, with applicants purchasing up to two tickets linked to their Bank Verification Numbers for N10,000 each. Winners would sign subsidised tenancy agreements managed by the Federal Housing Authority.
He claimed the initiative could generate as much as N10 billion—enough to fund the completion and conversion of the estate—without additional government spending.
“The model is transparent, self-financing, and prioritises inclusion,” Adebayo said.
