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

Stephanie Okereke Linus Addresses Brother's Arrest Over Rape

Stephanie Linus has released a statement addressing the rape allegations against her older brother, Daniel Okereke, who was arrested for allegedly molesting a UNILAG student ... Full story

Three Killed, 10 Houses Burnt In Ibadan Mayhem

At least three people were killed and 10 houses destroyed by armed youths who  invaded Born Photo, Isale Osi, Idi Arere and Popoyemoja in Ibadan ... Full story

Boko Haram Militants Attack Traders In Borno State Market

Many market men and women are feared dead after Boko Haram militants disguised as traders attacked a market in Damasak town in the Mobar Local ... Full story

D'banj Dragged To Court Over Debt Mess

This are indeed not the best times for koko master, and has a matter of fact this is the first time I am hearing D’banj ... Full story

Femi Fani-Kayode insults Governor Rotimi Amaechi - 'You are a pot bellied, house boy, monkey and cultist'

In a Facebook post titled The Pot-bellied Creek Haramite And His Direct Threat, former Aviation minister Femi Fani Kayode slammed River State governor, Rotimi Amaechi, ...

Fresh Boko Haram Attack In Borno State Leaves 45 Dead!

At least 45 people were killed in a suspected Boko Haram attack in northeast Nigeria, officials and witnesses said on Thursday, in the latest violence ... Full story

Nebraska Man Erected A Roadside Sign That Read: 'Aids, Ebola, Obama. Thank You Africa'

A hateful roadside sign blaming Africa for disease and Barrack Obama was erected by a man near a highway in Minden, Nebraska, and was soon ... Full story

President Goodluck Jonathan Says Nigeria Is Winning Boko Haram War

President Goodluck Jonathan on Friday said contrary to media reports, the Federal Government had started winning the war against the Boko Haram sect. He boasted that ...

T.B. Joshua Says He Has A Cure For Ebola

Sensational Nigerian Christian leader, Prophet T.B. Joshua, has thrown a challenge to the governments of countries where persons have contracted the Ebola virus, to invite ... Full story

Super Eagles Of Nigeria Crash Out Of 2015 AFCON

African champions Nigeria crashed out of the 2015 Africa Cup of Nations on Wednesday after playing a 2-2 draw with Bafana Bafana of South Africa ... Full story

Pandemonium, Confusion In National Assembly, Speaker Of The House Aminu Tambuwal Tear-Gassed

Tension is mounting in the National Assembly as the House of Representatives reconvenes today for a special sitting. The assembly is under siege as armed security ...

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

Rate this article

0

Featured author

chuky01

Breaking News

I’ve Not Cheated On My Wife Of 7 Years—Kenneth Okonkwo

The entertainment industry has lately been under public scrutiny due to several negative reports emanating from that sector of the Nigerian economy. If an entertainer is ...

Eight varsities benefit from Intel’s ICT training

Eight universities in the country have been engaged in training assistance on Information and Communication Technology from ICT giant, Intel Corporation, as part of efforts ...

Obafemi Martins nominated for goal of the year award

Nigeria striker Obafemi Martins has one of his goals this season nominated for goal of the year award in the Major League Soccer(MLS).‘Obagoal’, as the ...

NEW VIDEO: Oritse Femi ft D’banj – Double Wahala (Part 2)

“After signing a multimillion Naira management deal with AVATAR, the Musical Taliban Oritse Femi releases a brand new video ‘Double Wahala Part 2′ ft the ...

Orji congratulates Enyimba for winning FA Cup

Governor Theodore Orji has congratulated Enyimba Football  Club of Aba for defeating Dolphins FC of Port Harcourt 2-1 in this year’s Federation Cup finals played ...

Ace Comedienne, Helen Paul Puts to Bed

Popular Nigerian comedienne, Helen Paul, aka Tatafo, has put to bed today, November 24, 2014. The humour merchant gave birth to a bouncing baby boy ...

Dele Momodu Pays Surprise Visit To Chris Attoh's New Family As They Christen New Baby

Chief Dele Momodu, the mastermind of Ovation International Magazine visited newly married Chris and Damilola Attoh at their Ghana home this afternoon as they christen ...

Tiwa Savage and Teebillz Seal Up Break-Up Rumour By Celebrating Wedding Anniversary

The duo of Tiwa Savage and Tunji Balogun ‘Teebillz’ have been touted as one of the glamorous celebrity couples in Nigerian’s entertainment industry. Several weeks ago, ...

Beautiful Hajia Aisha Suleiman Abba Emerges As President Of POWA [Pictures}

Hajia Aisha Suleiman Abba the wife of the new IG recently emerged the new President of the Police Officer’s Wives Association (POWA). The hand over was ...

Top Dignitaries Step Out For K1 Live Unusual Concert In Lagos (Pictures)

Friday, November 21, 2014 saw top Nigerian dignitaries assemble under one roof at Eko Hotel, Victoria Island to grace K1's Live Unusual Concert. It was indeed ...