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Affordable Housing

Federal Govt Designing Cheap Housing Model For Nigerians — Fashola

The Minister of Power and Works, Housing Babatunde Fashola (SAN), on Tuesday disclosed that the Federal government was trying to design a Nigerian model of housing which will be acceptable and affordable to the people.

Fashola while answering questions from newsmen in Ilorin also dismissed the insinuations that Nigeria had 20 million housing deficit.

The minister who was in Kwara State for a capacity building workshop for Federal Controllers of Lands and Housing in the 36 states, conceded that Nigeria had housing challenges.

The theme of the training was, ‘learning and development for greater stature.’

He said, “I don’t believe in that 20 million housing deficit number. Nobody has owned up to it. It is a number of no origin, I say so. So the person who did that data should come up and take ownership of it.

“But that is not to say that there is no housing challenge. We have it and every country in the world has it. What we are doing is to try and complete the projects that 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 but are not affordable or both. So we are trying to create a model that will be acceptable for the people.

Fashola revealed that the ministry had removed the mandatory 10 per cent equity contribution before accessing loans from the National Housing Funds.

Source: Punch

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