Fashola: Nigeria doesn’t have 20m housing deficit - The Nation Newspaper

The minister addressed reporters in Ilorin, the Kwara State capital, at the end of a capacity building workshop for Federal Controllers of lands and housing.Fashola also said the ministry had removed the mandatory 10 per cent equity contribution before accessing loan from the National Housing Funds .

“What we are doing is to try and complete ongoing projects we met. We have started our own national housing programme. The idea is to design a product that Nigerians accept and can afford. One of the reasons we have a number of empty buildings and houses is that some of these buildings are acceptable or are not affordable, or both. So, we are trying to create a model that will be acceptable for the people.

“We know that some people will not have N500,000 to contribute and deposit. We have removed that. They can borrow, and what they should have contributed is now capitalised into what they will pay.

This is a failed Minister, PMB hand his job over to Amaechi

Exactly. It is more than 50m.

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