Home News NSSF Boss Richard Byarugaba: Formal Housing Will Solve Uganda’s Land Tenure Problem

NSSF Boss Richard Byarugaba: Formal Housing Will Solve Uganda’s Land Tenure Problem

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Richard Byarugaba the Managing Director of the National Social Security Fund (NSSF) has highlighted that the people of Kampala face a lot of problems with land tenure and formal housing is the only option that will provide a huge untapped multiplier impact.

Speaking at the launch of the NSSF real estate project in Lubowa on Thursday, the Managing Director clarified the impact of a formal developer Solana Lifestyle and Residence citing that it has so far spent $70 million and has employed over 1000 personnel.

This project that is aimed at reshaping the future of housing in Uganda will bring value to the country as its construction involve roads, hospitals, schools, gyms, Police, and fire stations amongst others in addition to a diverse range of housing.

Some of the completed estates
LineSteppa Community

“This is a good opportunity for us to be able to showcase to the world what NSSF can do in addition to the so many accolades we have gotten so far.

I call upon you all to come and live in this wonderful community we have created” Byarugaba articulated.

This is a high-end project that has houses ranging between $150,000 and $800,000 but according to Byarugaba their plans to have other lower and affordable housing in Kyanja and Temangalo that will also range between $30,000 and $40,000.

“We have already been recognized by international organizations and we are the first company in East Africa to get a green mark that certifies the good use of the environment. With all this we think that we can accelerate the development of the economy through housing” Byarugaba added.

Though this project has been completed on 60 of its 600 acres which constitute 10%, it has faced a number of challenges and according to the MD, they need urgent intervention from the government because they have slowed down business.

The function was graced by different dignitaries including Finance Minister Matia Kasaija

According to the MD the six years of opportunity costs that were missed out, title ownership mainly from the Balangira, fighting fraud like fake titles, in securing the land infrastructure amongst others.

LineSteppa Community

Peter Kimbowa the chairman of the project board noted that this project is an indication that Public institutions can deliver basic results and work with the same level of efficiency as the Private sector. “We are developing a strategy to scale these housing units to the lowest level to deliver them to thousands of Ugandans but emphasizing more on availability, affordability, and quality” Kimbowa added.

Peter Kimbowa speaking at the function 

On its journey of being the biggest organized development, NSSF is constructing housing projects in Temangalo, Nsimbe, Kyanja Mbarara city, and Jinja city which can be acquired through rent to own model and also hoping to support the government in their Public Private Partnerships.

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