Dozens of states have failed to provide new homes for their citizens within the last three years amid a growing population and housing deficit in the country.
Among the states that have failed to make an impact in the industry are Abia, Adamawa, Akwa Ibom, Bauchi, Benue, Borno, Cross River, Ebonyi, Ekiti, Enugu, Gombe, Imo, Kebbi, Ondo, Osun, Plateau, Rivers, Sokoto and Zamfara. AHCN President, Dr. Victor Onukwugha, said the governments both at the federal and state levels have done very little over the years to respond to social housing and address increasing housing deficit.
“Although, there is no accurate statistics of the housing shortage in Nigeria, the usual quoted estimated figure has been in the range of about 20 million housing shortages. It is however worrisome that efforts put in place over the years to address these deficits have not really yielded notable and anticipated results.”
“Local building materials manufacturers are therefore struggling to exist amidst notable apathy of the general public to make use of their end products. Few building materials manufacturers that defy all odds are not supported with enabling environment and incentives to embark on mass production as poor infrastructure discourage sustenance of vibrant local building materials production which in effect result in the high cost of materials.
The Affordable Housing Development Fund, according to him, should be solely managed by a special project vehicle in collaboration with the CBN, while state housing corporations and Federal Housing Authority should be responsible for the construction.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheNationNews - 🏆 6. / 69 Read more »