HOUSING DEFICIT IN NIGERIA IS UNACCEPTABLE – OSINBAJO
HOUSING DEFICIT IN
NIGERIA IS UNACCEPTABLE – OSINBAJO
ACTING
PRESIDENT OSINBAJO CHAIRS PEBEC 0A&B. Acting President Yemi Osinbajo during
the Presidential Enabling Business Environment Council at the Presidential
Villa. PHOTO; SUNDAY AGHAEZE. MAY 18 2017
Vice
President, Prof. Yemi Osinbajo, at the 2017 Housing Summit in
Abuja on Tuesday has said that Nigeria’s housing deficit is too high; therefore
not acceptable.
Highlights:
- Represented by the Minister of State for Power, Works
and Housing, Suleiman Hassan – 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.
- Providing affordable housing was a strategic national
imperative to guarantee the wellbeing and productivity of the populace.
- 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.
- Consequently, huge amounts of money have been
invested in various housing programmes at all levels aimed at bridging the
housing deficit.
- 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.
