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Nigeria’s housing deficit too high – Osinbajo: Real Estate : Nigerialog.com - Nigeria's Premier Online Forum

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Nigeria’s housing deficit too high – Osinbajo

By: Gideon |Time : September 26, 2017, 09:56:04 PM
Nigeria’s housing deficit is too high to be acceptable, Vice President, Prof. Yemi Osinbajo, has said.
 
Osinbajo who spoke at the 2017 Housing Summit in Abuja on Tuesday said, although, no nation had been able to provide all the housing needs of its citizens, the housing crisis in developing countries including Nigeria was very bad.
 
The Vice President, who was represented by Minister of State for Power, Works and Housing, Mr. Suleiman Hassan, said providing affordable housing was a strategic national imperative to guarantee the wellbeing and productivity of the populace.
 
He said, “As at 1991 when the National Housing Policy was promulgated, Nigeria was said to have a housing deficit of seven million units. For close to a decade now, the figure has been put at 17 million, thus putting to question the reliability of these statistics.
 
“However, what is obvious is that the deficit in housing requirement is unacceptably high. Despite the various policies and strategies adopted by the Federal Government aimed at combating the housing problems of the citizenry, not much has been accomplished.
 
“Sadly too, this also applies to the states and local governments. This phenomenon has given rise to unprecedented urbanisation resulting from high rural-urban migration which has created large demand for affordable housing accommodation and has given rise to slum population in the urban areas and inadequate infrastructural facilities in the rural areas.”
 
Osinbajo added, “Consequently, huge amounts of money have been invested in various housing programmes at all levels aimed at bridging the housing deficit.
 
“The National Housing Programme of the present administration demonstrates a clear commitment and decisive intervention by the Federal Government to make significant and lasting changes to the sector, through the construction of houses in all the states of the federation, under the supervision of the Federal Ministry of Power, Works and Housing on a continuous basis.”
 
The Vice President said that one major problem that had stood against the delivery of adequate housing in the country was the challenge with land ownership.
 
According to him, successive governments has consistently demonstrated commitment to tackling the challenge of housing deficiency as they have always recognised the importance of housing to the citizens.
Source:punchng.com

Re: Nigeria’s housing deficit too high – Osinbajo

By: Gideon |Time : September 26, 2017, 09:58:06 PM
Housing deficit in the country is indeed too high. There should be mass provision of actual and cheap low cost housing units to cover for the deficit and not expensive low cost housing that price is still high.

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