A real estate expert with the Rivers State University, Dr Ebiriene Ataejit, has pin-pointed stratification as panacea for social and affordable housing on the part of the government.
Ataejit,who noted that a focused strategy is needed to drive the real estate space to make it more profitable spoke with The Tide, Monday in Port Harcourt.
He said government needs to live up to its responsibility by addressing the housing needs of people at the lower rungs of the ladder.
According to him,’’ government needs to provide for the low end of the sector by providing social housing’’ noting that it is beneficial.
He explained that huge revenues are accruable to the government coffers, such as taxable income, which is not getting to government from the large market.
The don observed that with the present rapidly increasing urban population and its attendant housing needs, it is important that the provision of housing begins with the low income earners for economic stability.’’
He stated:’’I wish the government would see the potential in providing social housing for the low income earners, it has a multiplier effect, looking at the capital flow and economic stability’’.
Ataejit lamented, however, that government does not seem to be interested in pursuing that line and the private sector is also not helping out with its narrow focus on the large market.
He called for partnership between the government and private sectors in formulating policies that would engender development of the sector.