Housing Development, Panacea For Vision 20: 2020 – NIESV

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Nigerian Institution of Estate Surveyors and Valuers (NIESV) has said that the realisation of Vision 20:2020 would largely depend on government determination to aggressively tackle the problem of housing facing the country.

The institution stated this in a communiqué issued after its 40th annual conference held in Lagos recently.

According to the communiqué, Vision 20:2020,   which is aimed at making Nigeria among the 20 largest economics of the world in the year 2020 may become a mirage unless the government adopt pro-active measure to reduce the increasing cases of building collapse, perfect the implementation of documents of land titles and diversify economy among others.

“In the light of the Federal Government Mantra-Vision 20:2020, government should involve contemporary strategies in tackling the problems of housing and infrastructural development through public private partnership (PPP).

The communiqué further insisted that to reduce the increasing incidence of building collapse in the country, appropriate professionals of the building industry should be engaged from inception to final completion and delivery of the project.

In the same vein, government should engage the appropriate professionals in policy formulation and decision making process as it relates to land taxation to reduce the cost of construction and housing development.

It went further to suggest that at all levels, government should implement documentation of land titles through survey and mapping of all the nation’s lands to ensure that there is a national land database which is important to sustainable housing development.

In addition, government should also diversify from her present mono-economy of oil dependence to agriculture, agro-allied industries so as to generate employment for the teeming unemployed citizens to enable them afford the cost of mortgage and increase the general per capital income and the GDP in general.

The communiqué also advocated for Nigerians to imbibe maintenance culture in their daily practice to sustain the physical and economic life of building and infrastructural facilities.

Noting that government is the prime move of an economy, it should show all the necessary political will to address the issue of housing by persuading the legislators to pass the laws relating to the built environment under review. 

 

Isaac Nwankwo