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Housing: the Minister of Public Works welcomes the driving role of the private sector



Housing: the Minister of Public Works welcomes the driving role of the private sector

By Funmilayo Adeyemi The Minister of Works and Housing, Mr. Babatunde Fashola, congratulated the private sector for taking a leadership position in meeting the country’s housing needs.

Fashola, who was represented by Minister of State for Works and Housing, Mr. Abubakar Aliyu, said the current administration is keen to promote affordable housing for citizens.

He revealed it on Monday at the 15th Abuja International Housing Fair in Abuja on the topic “Sustainable and resilient housing solutions for a post-pandemic world”.

The minister has identified affordable housing as part of the current government’s agenda.

“As part of President Muhammadu Buhari’s development agenda to address housing needs in Nigeria, the federal government has launched a Pragmatic National Housing Program (NHP) to build acceptable and affordable homes across the country.

“The first phase of the program began in fiscal 2016 in 34 states and FCT. In addition to the above, the ministry promotes local content in accordance with Executive Decrees 3 and 5.

“The use of local building materials available in the NHP has boosted the economy through the production and use of these materials,” he said.

He added that the overall economic value chain arising from housing construction activities was mainly beneficial to Nigerian youth who were directly involved in the physical production of the houses.

In addition, Ghana’s Minister of State for Works and Housing, Ms. Freda Prempeh, said investing in the widespread construction of decent and affordable housing should be a top priority for every nation.

Prempeh noted that providing affordable and decent housing for middle and lower income segments of the population remains a challenge that needs to be addressed.

In a similar vein, Environment Minister Dr Mohammed Abubakar said that apart from the COVID-19 pandemic, the planet change pandemic, if not handled properly, could cripple the housing sector.

Abubakar said countries are starting to lose their land due to climate change, noting that all hands must be on the bridge to tackle the problem of land degradation.

Previously, the show’s host, Mr. Festus Adebayo, called for the involvement of young people in the future of affordable housing for citizens.

Adebayo also highlighted the need to embrace housing data for effective planning and delivery.

“To this end, the Nigeria Bureau of Statistics (NBS), the National Population Commission (NPC), the CBN, the Ministry of Public Works, the Ministry of Finance and other key stakeholders will deliberate on the figures of the housing deficit and the way forward.

“For us in the building sector, and in particular in the Housing Development and Advocacy Network, we continue to advocate relentlessly for the development and deployment of affordable housing by government and the private sector,” he said. declared.

He also praised the response of the CBN, the Ministry of Finance and other stakeholders to establish a national 200 billion naira social housing program managed by the Family Homes funds.

He added that the program would provide 300,000 housing units for low-income people across the federation.

“The challenges we face as a country in the housing sector are enormous. Our housing deficit, although currently disputed, is estimated at over 17 million homes, which remains the highest on the continent.

“As daunting as the housing challenges in Nigeria are, they are not insurmountable but rather offer great promise and opportunity,” he added. (NOPE)

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