Federal Government promises to boost housing production, targets one million houses yearly
The Federal Government has expressed its determination to increase housing production from the present 100,000 units to one million houses per year to close the 18 million housing deficit by the year 2033.
Minister of State for Works and Housing, Abubakar Aliyu, disclosed this in Abuja at the weekend during the inspection of the Federal Housing Authority mass housing project in Zuba Zuba, Federal Capital Territory (FCT).Aliyu said the government had decided to improve on current construction of 100,000 houses per year to meet the basic needs of the people.
The minister said the current production of 100,000 units was abysmally low, adding that government will provide the enabling environment for investors to come into the housing sector. Aliyu, while lamenting that housing ownership in Nigeria, as well as mortgage, are very low when compared to other countries, said: “The ownership rate is very low as compared to other countries. In Indonesia and Kenya, they have over 70 per cent ownership but in Nigeria, it is very low and these are the reasons people are agitating for more housing in Nigeria.
He said that efforts would be made to ensure that all the policies, programmes and projects of the present administration are accomplished.Also, he expressed hope that the Zuba Zuba mass housing project, which is at 74 per cent completion stage, would be completed soon.He noted that the mass housing project was designed to accommodate the low-income class.
“If you see the design, the concept, it is actually targeted at low-income and medium-income earners. The problem is associated with the large deficit we have in housing in Nigeria, that is ownership,” he said.Also, the Acting Managing Director/ Chief Executive of the Federal Housing Authority, Umar Gonto, said they would continue to work hard to ensure mass affordable housing for Nigerians.“We will do everything within our power to ensure mass affordable housing is delivered to Nigerians,” he said.
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