Togo is set to spend nearly CFA167 billion on social housing in 2023-2025

Economic governance
Thursday, 28 July 2022 11:42
Togo is set to spend nearly CFA167 billion on social housing in 2023-2025

(Togo First) - From 2023 to 2025, the Togolese government plans to spend CFA167 billion on housing and collective equipment. This is written in its multi-year economic budget program. 

In detail, Lomé should disburse around CFA50 billion next year, and respectively CFA52 billion and CFA64 billion in the following two years. 

The monies should specifically finance a State project for building 20,000 social housing units in the country by 2025. This will be done by integrating changes made by the government in response to the Covid-19 pandemic. 

Another part of the funds should also finalize the code of urbanism and construction in Togo. 

This year, spending on housing projects is expected to reach CFA50 billion. In 2019 and 2021, they exceeded CFA72 billion according to official sources. 

Esaïe Edoh

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