We will revolutionise Nigeria’s housing sector – Jonathan

// Biz | We will revolutionise Nigeria’s housing sector – Jonathan
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

President Goodluck Jonathan on Monday said the present administration would revolutionalise the country’s housing sector to make houses accessible to Nigerians irrespective of their socio-economic status.

Jonathan stated this at a one-day Presidential Stakeholders’ Retreat at the Presidential Banquet hall, Abuja, the News Agency of Nigeria reports.

He said already, the Federal Executive Council had approved National Housing Policy and National Urban Development Policy in June to facilitate speedy transformation of the housing sector.

“These policies are to be translated into action through a roadmap for the housing and urban development sector. The roadmap will address the challenges of achieving a housing revolution in our nation within the shortest possible time.

“It will also provide the pathway for transforming our cities into liveable and functional human settlements.  This retreat will provide us with such opportunity to reaffirm our commitment to the revitalisation of the housing and urban development sector.

“We believe that through the pooling of resources and talents, we can meaningful address the impediments to the growth of the sector,” Jonathan said.

He noted that inequitable access to land for housing development and inadequacy of housing in view of the national housing deficit estimated at about 16 to 17 million units had remained a critical challenge to all stakeholders in the sector.

“If the deficit is to be bridged, we must continue to seek ways to provide affordable housing, especially to non-income, low income, lower middle income and the informal sector worker.

“A variety of housing delivery scheme, including social housing, rental schemes, regeneration and housing corporations must be evaluated,” he added.

Jonathan, therefore, challenged the participants to devise means of meeting the global benchmarks in housing, building standard, proper land use, and space standard as well as  the institutionalisation of a vibrant mortgage system, based on long-term repayment terms.

The president also urged them to focus their attention on how to overcome the issue of human capacity gaps, poor quality of building materials, inappropriate technologies and dearth of technological innovations in support of mass housing delivery.

He stated that government on its part would continue to develop satellite towns across the country as well as check unplanned developments in the cities.

Jonathan said that government would also continue to place emphasis on good urban governance, regeneration of unplanned and old cities, as well as proper planning of urban spaces.

He stressed the need for increased investment by the private sector in the development of infrastructural facilities in cities.

He said the Federal Government would continue to partner international and multilateral agencies to revitalise the housing and urban development sector.

“With our phenomenal urban growth rate placed as one of the fastest in the world, I cannot but emphasise the need for increased investments in infrastructure in our cities.

“Funding mass housing delivery and promoting functional, dynamic and green cities would require the injection of more funds to the urban and regional development sector.

“Since government resources are limited, I urge you, through this medium, to consider all available options for sustainable funding of the sector. I would like to emphasise that we will continue our policy of engaging the private sector to play a more dominant role in the housing sector,” Jonathan added.

According to him, government is committed to recapitalising the Federal Mortgage Bank of Nigeria, strengthening the Federal Ministry of Land, Housing and Urban Development and the Federal Housing Authority.   He said other institutions of government in the building industry would also receive equal attention.

In her remark, the Minister of Housing and Urban Development, Ms. Amal Pepple, observed that Nigeria required a minimum of an additional one million housing units annually to reduce the national deficit of about 17 million housing units.

She stressed the need for the development of a new town in each of the six geo-political zones of the country as well as the creation of linkages between existing towns and cities for the achievement of a constellation of cities that would be economically linked through the provision of adequate infrastructure.

Pepple, who described housing as a veritable tool for poverty reduction, said the issues of climate change needed to be addressed in order to mitigate the effects of increasing natural and man-made disasters, which to her, had more profound effects on urban settlements globally.

Tagged : No tags for this article

Headlines Newsview all

Stella Adadevoh, senior physician consultant infected by Patrick Sawyer, dies

Nigeria on Tuesday recorded the fifth Ebola virus fatality with the death of Dr. Stella Adadevoh, a female consultant physician, in Lagos. Adadevoh, a consultant endocrinologist, ... Full story

Scores of Nigerian soldiers vow not to fight Boko Haram

At least, 40 soldiers in North-Eastern are refusing to fight Islamist Boko Haram militants until they receive better equipment. The BBC reported on Tuesday that one ...

Twerking at 40! Watch Funmi Iyanda Boogie Down At Birthday Bash In London

This is what happens wen you turn 40 but still have the mind and body of a 20something! Media personality Funmi Iyanda clocked the big 4.0 ...

Ebola Virus: Mixed fortunes for Nigeria, 3 new Ebola cases discovered, 4 patients discharged

It was a case of mixed fortunes for the nation, yesterday, in the management of the Ebola Virus Disease as three fresh cases were discovered, ...

Abducted Chibok Girls: Take military action now to rescue our girls, #BringBackOurGirls tells FG

One hundred and twenty days after the Chibok school girls were abducted from the Government Girls Secondary School in Chibok, the BringOurGirls group, yesterday, challenged ...

T.B. Joshua claims Ebola is manufactured by Satan

Nigerian Prophet T.B. Joshua of The Synagogue, Church Of All Nations (SCOAN) declared in his church service on Sunday 17th August 2014 that the killer ... Full story

Nollywood Actress Genevieve Nnaji Finds Love Again

Good times are here again for Nollywood actress, Genevieve Nnaji as she appears to have finally fallen in love with a mystery guysomewhere. Although we don't ... Full story

Ebola-Infected Doctor Recovers Fully And Discharged Home

Our God Is Indeed Great!!! The first person who contracted the disease has been discharged and is now fit to go home. Just days after a ...

Bishop David Oyedepo Of Winners Chapel Banned From Entering The United Kingdom

Popular pastor, Bishop David Oyedepo has reportedly been banned from entering the United Kingdom. According to an airline alert by the UK Home Office, the well-renowned preacher is ... Full story

US declares Ebola experimental drug 'Nano Silver' a pesticide

Hopes of immediate relief for victims of the Ebola Virus Disease following reports that doses of an experimental drug, nano-silver, had been delivered were dimmed ...

Mercy Johnson - “When my mates were carrying designer bags and taking vacations, I wasn’t”

Mercy Johnson opened up on success and what it takes to get there. She told City People ‘’Success is hard, it’s never easy. It takes more ... Full story

Comment on: We will revolutionise Nigeria’s housing sector – Jonathan

Rate this article

0

Breaking News

GIVE HONOR TO WHOM HONOR IS DUE! Stella Damasus demands Posthumouse Award for late Dr Stella Adadevoh

Yesterday evening,Nigeria recorded first dead Ebola case of a senior consultant physician, Dr Adadevoh.. She was infected by late Liberian-American Ebola victim “Patrick Sawyer”.Stella Damasus, ...

Fashion Police Report: Kcee Is At It Again!

Kcee at Jimmy Jatt's 25th anniversary celebration on August 18th Kcee has managed to top our fashion police report yet again for the second week in ...

Empress Njamah’s Love For Roadside Food

Some years ago, Empress Njamah was one of the hottest actresses in the movie industry in Nigeria, but now, others have taken over from where ...

Why I’m Not Married—Seun Kuti

Son of Afrobeat legend, Fela Anikulapo-Kuti, Seun, has disclosed that he does not see marriage as an institution, which is why he is not yet ...

First Time I Slept With A Woman—Uti Shares Experience

Former winner of one of Africa’s biggest reality television shows, Big Brother Africa, Uti Nwachukwu, has narrated how embarrassed he was when he first slept ...

Sound Sultan ft Duncan Mighty - Luv Language (Official Video)

Sound Sultan ft Duncan Mighty - Luv Language (Official Video) Tweet Do you have a story/gist for publication? Please email it to story@nigeriafilms.com Go To Top Post your comment Subject: Name: Comment:   Disclaimer: ...

That we may not forget - Stella Adadevoh and Justina Ejelonu

There's a statue in Yaba, Lagos, of a man, whom many in Nigeria have forgotten. His family never have. And now, we all have a ...

I Was Once Called Skinny In School—Tiwa Savage

Top female singer, Tiwa Savage Balogun has shared her childhood experience with her fans. She stated that during her schooldays in London, her classmates bullied ...

Wande Coal - Baby Hello [Official Video]

Wande Coal - Baby Hello [Official Video] Tweet Do you have a story/gist for publication? Please email it to story@nigeriafilms.com Go To Top Post your comment Subject: Name: Comment:   Disclaimer: Do not use ...

I Can Only Date A Rich Guy—Toni Payne

Former wife of 9ice, Toni Payne, has disclosed that she can never date a guy that is not well to do. She made this declaration ...