Business
FG To Tackle Housing Deficit
Vice President Yemi Osinbajo has reiterated the commitment of the Federal Government to tackle the housing deficit, especially with the low income class of the country.
Osinbajo, who was represented by the Minister of States for Power, Works and Housing, Mr Suleiman Hassan, said this in Abuja on Tuesday at a One-Day High-Level Dialogue on a Pro-Poor PPP Housing programme tagged: “ Build for Nigeria “
The programme was organised by the Committee of Vice-Chancellors of Nigerian Universities.
The Vice President, who received the policy brief/ action plan, said the task of bridging the housing deficit was a collective one, adding that all hands must be on deck to address all issues of concern.
According to him, the government would ensure it looked at the problems of housing accommodation in our universities to ensure effective learning.
“ As you are aware, a poorly or barely housed student is one that is surely exposed to lacking concentration and focus on his/her studies.
“ It is therefore my fervent hope that the ‘Build for Nigeria initiative’ becomes a success.”
He said the ministry of power, works and housing was collaborating with the Central Bank of Nigeria and Real Estate Developers Association of Nigeria and other stakeholders to provide housing in the country.
He added that the present administration was currently constructing mass and affordable housing across the 36 states of the federation and the FCT through the National Housing Scheme.
He also urged the Vice-Chancellors to take a deep look at the academic curriculum of the tertiary institutions, especially as it affects students in the construction/built industry.
Earlier, Former Director, UN-Habitat, African Regional Office, Prof. Banji Oyelaran-Oyeyinka, said it was time Nigeria provided access to adequate, safe and affordable housing for all.
He said that failure to provide the aforementioned would lead to low standard of living of the people.
He also said that provision of affordable housing and infrastructure should be given top priority as this would help grow the economy.
General Secretary, Committee of Vice-Chancellors Prof. Michael Faborode said the challenges of house accommodation in tertiary institutions was becoming worrisome as most hostels were eyesaw.
Faborode said the committee had decided to form a coalition with stakeholders with the promise to harness all the views to address the challenges.
“ No Nigerian, however, poor deserves to live under the bridge or in shanties.
“ We must provide for them to have a minimum life they ought to have.
“ We shall be working with the various groups of government, civil organisation and others to address the housing deficit,” he said.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
