Minister for Power, Works and Housing, Babatude Fashola has said 27 states have donated lands for the Federal Government housing scheme.
Fashola told journalists on Friday said the building materials for the project will be sourced locally to provide employment.
“If we achieve what we are planning, we would have built a system; if it becomes enduring like the new pension scheme, the better.
“When acceptability has set in, the private sector can be called in,” he said, adding that the Federal Mortgage Bank would play a significant role in providing funds.”
He also said the architectural designs will be determined by the socio-cultural needs of each geopolitical zone.
He said that the targeted group would be civil servants on levels eight to 15 and their contemporaries in the private sector who would spend an agreed number of years to pay for the houses.