Ekiti State secures UN and SHS Holdings partnerships to invest $2 billion to build 50,000 homes

The government of Ekiti State has announced it has partnered with the United Nations Office for Project Services (UNOPS) and the Sustainable Housing Solutions (SHS) Holdings to build 50,000 homes with renewable energy from 2020-2030 in Ekiti State.

The programme is part of the UNOPS Sustainable Infrastructure Impact Investment (S3I) initiative. “The agreement will help address the housing shortages in Ekiti State with a focus on sustainability and local economic development,” The UN said.

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BREAKING: The Government of Ekiti State has secured a partnership with @UNOPS and @SHS Holdings to invest up to $2 billion to build 50,000 affordable homes with renewable energy from 2020-2030 in Ekiti State.

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Read more here: https://t.co/HtdnkhYYHV . #JKFatWork pic.twitter.com/RzhAvpgYYP

— Government of Ekiti State (@ekitistategov) July 1, 2020

Speaking on the initiative, Ekiti State Governor, Dr. Kayode Fayemi said, “We are very excited to partner with UNOPS and SHS to deliver affordable housing to the people of Ekiti.”

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“This is how our promise of developing Ekiti and improving the lives of the people can be achieved. This partnership has come at an important time, during the COVID-19 pandemic, which has reminded us of the need to deliver quality social infrastructure to the people,” he added.

UNOPS and SHS will mobilize 3rd party investors to fund the initiative which is valued to cost $2 billion.

The UNOPS S3I aims to build at least in million homes in multiple countries in 3 continents over the next decade.