Editorial
Addressing The Housing Deficit
Statistics contained in a press release issued penultimate week by the Federal Mortgage Bank of Nigeria (FMBN) shows that Nigeria’s current housing deficit stands at 16 million, while a whopping 42 trillion naira was required to address the situation.
The secondary Mortgage institution also disclosed that with a population of over 140 million people, recording an annual growth rate of 2.5 per cent and rural-urban migration rate of 5 per cent, the country needed to add no fewer than 350,000 housing units to the current housing stock, on annual basis, if it hopes to achieve the Millennium Development Goal on housing.
The agency, however, assured that it is rising to the challenge of housing revolution in Nigeria through a number of activities including efforts at attracting funds through the linkage of the sector to the international capital market. It says it would encourage the formation of housing cooperatives to give individuals access to mortgage facility especially those in the informal sector that constitute at least 85 per cent of Nigerians.
This is not the first time the FMBN is alerting the nation on the housing crisis and advertising some flamboyant programmes aimed at stimulating the much needed housing revolution.
In 2007, the FMBN through the collaboration of various state governments advertised its mortgage scheme to workers in both the public and private sectors. Workers were then encouraged to open account with recommended primary mortgage institutions and compulsory deductions were made from time to time to enable them qualify for housing loan after a minimum period of six months. More than three years after, it remains to be seen how many of such applicants that have succeeded in accessing the housing loan.
Given the fact that such loan has eluded salaried workers who are known to have a guaranteed source of repayment, for this long, we doubt FMBN’s optimism that another scheme targeted at non-salaried informal sector would succeed through the formation of housing cooperative societies.
This fear becomes even more palpable when viewed against the fact that cooperative society development in Nigeria has been stifled over the years due to lack of a reliable legal framework, unstable economy and poor enlightenment.
Again, FMBN did not record any impressive success within the chain of primary mortgage institutions, government or public sector employers and salaried workers, how does it hope to make any difference with non-salaried informal sector cooperative societies or is the FMBN simply struggling to remain relevant in the campaign for the achievement of the Millennium Development Goals (MDGs)?
We agree with the President of the Nigerian Institute of Surveyors and Valuers (NIESV), Mr. Bode Adediji who said recently that the bane of the Nigerian housing industry is ‘double standard policies’.
On one hand, the FMBN advertises for patronage of its loan programmes while on the other, it plans various bottlenecks limiting access to the facility by applicants.
Also, while the Federal Government would want to encourage the production of cheaper and affordable building materials in the country, which is a sine qua non for the success of any mass housing scheme, it consistently throws its borders open to the importation of all kinds of building materials. In the same manner, the governments would claim to be engaging in mass housing for workers, but one regime would abandon housing programme started by its predecessor or where it is completed such houses are shared to public office holders and their aides. These inconsistencies indeed amount to double standard policies that inhibit progress.
It is our view that governments and their agencies should refrain from such merry-go-round housing policies and concentrate their efforts at creating the enabling environment that would stimulate the much desired housing revolution.
One way of doing this, is to plough adequate resources towards mapping out housing areas, especially at the urban centres where the housing crisis is most palpable. Also, the provision of basic infrastructure and amenities such as roads, water, electricity, schools, health centres and police posts in such areas would help to rekindle the interest of private and individual developers.
While this is done, various bottlenecks hindering access to housing loans to workers in both the public and private sectors and other private developers should also be removed to enable them access such loans and build.
But above all, government must encourage the local manufacturing of cheaper building materials as well as enforce its building codes to ensure affordability and sustainability.
Shelter is a basic necessity of life and access to housing should be one of the indices for the measurement of national development as well as progress towards the attainment of Millennium Development Goals. Government and its agencies must therefore reassess its strategies to ensure that at the last count the greater number of its people are not left without proper shelter.
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WPFD: Nigeria’s Defining Test
Nigeria stands at a critical juncture as the world marked World Press Freedom Day (WPFD) on May 3. This annual observance is a reminder that a free press is central to democratic life, good governance, and public accountability. For Nigeria, it is also a moment for sober reflection on how far the country has come and how far it still has to go in safeguarding the independence of its media.
World Press Freedom Day exists to highlight the fundamental importance of freedom of expression and to honour journalists who risk their lives in pursuit of truth. It underscores the idea that without a free press, societies cannot function transparently, nor can citizens make informed decisions. In countries like Nigeria, where democracy continues to evolve, the observance carries particular urgency.
This year’s theme, “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security”, places journalism at the heart of global stability. It emphasises that a peaceful society cannot be built on silence, fear, or manipulated information. Rather, it depends on the free flow of accurate, timely, and independent reporting.
At its core, the theme highlights the role of journalism in fostering accountability, dialogue, and trust. These are not abstract ideals. In Nigeria, where public confidence in institutions is often fragile, the media remains one of the few platforms through which citizens can question authority and demand transparency. When press freedom declines, so too does public trust.
Journalism serves as a foundation for peace, security, and economic recovery. Countries with robust media systems tend to attract greater investment, maintain stronger institutions, and resolve conflicts more effectively. Nigeria’s economic challenges, ranging from inflation to unemployment, require open scrutiny and informed debate, both of which depend on a free press.
However, the issue of information integrity has become increasingly complex in the digital age. Artificial Intelligence (AI) and online platforms have amplified the spread of misinformation and disinformation. In Nigeria, where internet penetration has grown rapidly, false narratives can travel faster than verified facts. This makes the role of credible journalism more vital than ever.
The challenge is not only technological but also ethical. AI-driven manipulation of information threatens to distort public discourse, influence elections, and deepen social divisions. In such an environment, professional journalism must act as a stabilising force, ensuring that truth prevails over sensationalism and propaganda.
Equally troubling is the safety of journalists. Across Nigeria, reporters face growing levels of online harassment, judicial intimidation, and physical threats. Self-censorship is becoming more common, as media practitioners weigh the risks of reporting sensitive issues. This trend undermines the very essence of journalism.
A particularly alarming incident involved a serving minister in the present administration, who openly threatened to shoot a journalist during a televised exchange. Such conduct, broadcast to the public, sends a dangerous signal that hostility towards the press is acceptable. It erodes the norms of democratic engagement and places journalists in harm’s way.
This year’s theme aligns closely with the United Nations Sustainable Development Goal (SDG)16, which promotes peace, justice, and strong institutions. Freedom of expression is a cornerstone of this goal. Without it, institutions weaken, corruption thrives, and justice becomes elusive. Nigeria’s commitment to SDG 16 must therefore include genuine protection for the media.
Historically, the Nigerian press has been a formidable force. From resisting colonial rule to challenging military dictatorships, our journalists have played a central role in shaping the nation’s political landscape. Today, however, that legacy appears to be under strain, as the media operates under what can best be described as a veneer of freedom.
Beneath this facade lies a troubling reality. Journalists are routinely harassed, detained, and prosecuted for performing their constitutional duties. Reports from media watchdogs indicate that dozens of Nigerian journalists face legal threats or arrest each year, often for exposing corruption or criticising those in power.
The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 has become a focal point of concern. Originally intended to combat cyber threats, it has increasingly been used to silence dissent. Sections 24 and 27(1)(b), in particular, have been invoked to target journalists, bloggers, and social commentators.
Although amendments introduced in February 2024 were meant to safeguard journalists, concerns persist. The law continues to be wielded in ways that stifle investigative reporting and restrict freedom of expression. Legal reforms must go beyond cosmetic changes to address the root causes of misuse.
To safeguard the future of journalism in Nigeria, decisive action is required. The Cybercrimes Act must be revisited to ensure it cannot be weaponised against the press. Law enforcement agencies must operate free from political influence, upholding the rule of law and protecting journalists’ rights. Civil society and international partners must also strengthen independent media through funding, training, and platforms for wider reach.
In this rapidly evolving world shaped by artificial intelligence and digital innovation, Nigeria faces a clear choice. It can either allow press freedom to erode under pressure, or it can champion a truly independent media landscape. The path it chooses will determine not only the future of journalism, but also the strength of its democracy and the peace it seeks to build.
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