Housing deficit in Nigeria is unacceptable – Osinbajo

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.

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