‘Weak policies responsible for infrastructure deficit’

A real estate firm, BSTAN Group has attributed the increasing deficit of infrastructure in Nigeria to weak government policies.

The Chief Executive Officer of BSTAN Homes, Becky Damilola-Oke, who made the remark at the unveiling of new brand ambassadors, MC Papi and MC Shortcut, in Abuja, last week, said government must formulate stronger policies that will encourage private firm to invest in the housing sector.

“The Senate and the House of Representatives Committee on housing must come together to produce a law that regulates the housing sector. We also have to look at the 10 bills that has been passed to the Senate in housing sector for us to truly reduce the deficit in the housing sector”

While acknowledging the fact that government cannot do it alone, Damilola-Oke regretted that government has shown less commitment towards infrastructural development in the country compared to the private sector.

She said that no single organisation has the capacity to reduce the nation’s housing deficit and therefore called for a partnership with government at all levels to resolve accommodation challenges in Nigeria.