FG pledges fresh roadmap to affordable housing
Following prevailing challenges regarding homeownership, the Federal Government has promised to deliver a roadmap for the housing industry,
The Minister of Works and Housing, Babatunde Fashola made the statement at the virtual event to mark this year’s World Habitat Day celebration in Abuja with the theme: ”Housing for all: A better Urban Future.”
Fashola who also acknowledged the adverse effect of the coronavirus pandemic on the economy reeled out activities set out to improve access to affordable housing.
He said the approach to implementing this was multifaceted “from house refurbishment loans to mortgages.”
His words: “With reduced service conditions, direct housing construction, improved speed of titling and issuance of documents with plans underway to unlock unused properties as well as accelerate advocacy for reduced rent demands.”
The minister equally emphasised that a people-centred approach was key to addressing housing issues, which would be the basis for the character, shape, and socio-economic vibrancy of cities, as it is in all the urban centres around the world.
According to him, the Federal Government is committed to delivering housing that is inclusive and adequate, safe, and affordable as “this is the key to sustainable and transformation of societies and communities.”
He assured the ministry’s support in the realisation of the Nigerian Economic Sustainability Plan. Fashola also said the government will strengthen partnerships with the private sector and other agencies at all levels to effectively deliver on the mandate.
Earlier, the Permanent Secretary, Mr. Ernest Umakhihe said the World Habitat Day was established in 1985 by the United Nations General Assembly through Resolution 40/202 of December 17, 1985, and was first celebrated in 1986.
He also noted that the first Monday of every October is recognised as World Habitat Day, a day set aside to focus on the state of human settlements and the basic rights for all for adequate shelter and to remind that all are responsible for the habitat of the present and future generations.
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