#98.2Bn CAPACITY STUDENTS HOSTEL: INITIATIVE WILL REVOLUTIONIZE EDUCATIONAL INFRASTRUCTURE, SAYS FG

"This initiative invests in our youth and educational infrastructure, ensuring that tomorrow’s leaders have the resources and environment they need to thrive." Wale Edun.

"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".

The Federal Government has announced the ground-breaking ceremony for the building of a 1,600-capacity student hostel in Akwa Ibom State.

This project is part of a N98.2 billion nationwide initiative to enhance educational infrastructure.

According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, "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. This addresses a significant student accommodation deficit, enhancing student performance and well-being. It is also a testament to the sophistication and depth of our local capital markets."

Edun, who was represented by the Ministry's Permanent Secretary, Special Duties, Mr Okokon Ekanem Udo, added that "this initiative invests in our youth and educational infrastructure, ensuring that tomorrow’s leaders 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.

This was contained in a statement issued and signed by Mohammed Manga (FCIA) the Director, Information and Public Relations Department of the Federal Ministry of Finance and Social Welfare.