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FG committed to affordable housing for Nigerians –Fashola



FG committed to affordable housing for Nigerians –Fashola

By Perpetua Onuegbu
The federal government says it is committed to providing affordable housing to Nigerians through various intervention programs.

Public Works and Housing Minister Babatunde Fashola said this in Abuja during his broadcast on NANForum, the flagship interview program of the News Agency of Nigeria (NAN).

According to him, the government is focusing not only on mass housing, but also on providing affordable housing to Nigerians that can be paid easily within a specified time frame.

“It depends on a lot of things, it doesn’t necessarily mean how much a house costs but how you are asked to pay for it.

“So if a house costs X naira and I ask you to pay for it immediately, even if you earn that much, you might not be able to afford it.

“But if I tell you that you can pay for it over 10 years, it becomes affordable. So these are the things that we are focusing on, ”he said.

Fashola said houses as a commodity should be delivered in partnership with the private sector, with the government providing policy direction.

“That’s why we got into the National Housing Program, it was to send a message to help define what kind of houses Nigerians want, what kind of houses they will live in.

“This comes from the experience of the Shagari initiative of 1979. There was almost a uniformity back in the days of the houses and it did not work in some areas as it did in other places.

“In some places it was successful and in others it was not successful because of certain cultural barriers, some people didn’t even live there.

“So we asked what was wrong and did an investigation and that led to the design of the bungalows and condominiums that we are building today.

“We have about 5,000 units under construction, we’ve completed about 2,000 and over and we’re building again in small phases.

“In some cases we are in phase 3, in some cases in phase 2, in some cases we have completed phases one and two and we are finishing the road network and the water supply, but very soon we will start the public award process.

“But it’s only the National Housing Program, it’s one of our many interventions, but it doesn’t meet everyone’s needs.

“There are people who want their own land, they don’t want houses built, so we are responding to these people through our site and service projects,” the minister said.

Fashola said the ministry is also building directly through its parastatals, adding that the Federal Housing Authority has completed more than 1,000 units.

“The Federal Mortgage Bank has approximately 5,000 to 6,000 units at varying levels of completion through its developer finance loan.

“Then we also have the Co-operative Housing Initiative where we ask people to organize themselves into co-ops, get their own land and design their own project according to their needs, their size and what they want. can afford.

“Get your building approval, open a National Housing Fund account with the Federal Mortgage Bank of Nigeria and we’ll fund 80% of the development costs and give you a mortgage.

“The last check was in around 58 different co-ops from all over Nigeria who requested this and we are seeing more applications.

“State governments are also building, so it’s not a federal government problem, it’s a national problem,” the minister said.

“We are signing a backlog of certificates of occupancy; I sign them every day, every week, so that people who have also purchased homes through the federal government’s monetization program can own them.

“It’s housing, because ownership gives you the ability to do whatever you want with your land.

“The consent to transfer your land is part of this housing intervention, so there are so many layers of it,” Fashola added. (NOPE)


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