Business
National Housing Policy: Minister Tasks Stakeholders
The Minister of Lands, Housing and Urban Development, Ms Amal Pepple, has called on all stakeholders in the Land and Housing Sector to play major roles in enhancing the contributions of the sector to sustainable national development.
The minister made the call yesterday at the Hotel Presidential, Port Harcourt during the 2nd meeting of the National Council on Lands, Housing and Urban Development.
She said this year had witnessed remarkable improvement in the sector following the approval by the president, of the National Housing Policy and the National Urban Development Policy. The Minister noted that with the umbrella policies in place, there would be no excuse for not making progress in the sector, and urged that “elements of the policies should be translated into concrete actions through the implementation of innovative projects and programmes.”
The minister pointed out that one of the key decisions reached at a Housing and Finance roundtable held in Abuja recently, was the establishment of a committee comprising Nigerian banks, the Central Bank of Nigeria (CBN) supported by the World Bank and the International Finance Corporation (IFC) and explained that “the objective of the policy was to develop a facility aimed at significantly scaling up access to mortgage for the benefit of the people.
As a further commitment to the revitalisation of the Housing and Urban Development Sector, the minister stated that President Jonathan recently convened a presidential stakeholders’ retreat on Lands, Housing and Urban Development, at which far reaching recommendations were made to reinvigorate the sector in key areas such as, Land tilting, Housing, finance, affordable housing delivery, Low-Income Housing and Urban Development.
She disclosed that recommendations at the retreat were to be translated into a set of actions for implementation by all tiers of government and other relevant stakeholders, to bring a new lease of life to the Housing and Urban Development sector. Stakeholders who spoke at the event commended the Federal Government over the new innovations in the Land, Housing and Urban Development sector.
Taneh Beemene
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