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.

 

The Honourable 

Minister of Finance and Coordinating Minister for the Economy, Wale Edun, OFR, stated 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. 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.*

 

Represented by the Ministry's Permanent Secretary Special Duties Mr Okokon Ekanem Udo, the Minister 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.