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

Defence Headquarters Released Seized Equipment From 'Boko Haram's' Failed Attack In Borno

The Defence Headquarters released these photos hours ago. More photos below    ... Full story

Burial And Funeral Arrangements Details For Late 'Muna Obiekwe'

Candle night; February 1st 2015.   Meeting point at Marsha, Roundabout, Surulere by 4pm.   Procession from there to Ojez stadium.   Dress code - white - but Tshirts will be ... Full story

Loretta Odikagbo, 26 Year Old Woman Kills Lover In Ondo State

The life of a young man, Charles Bankole Orisanya from Akoko in Ondo State, who was working with Halliburton in Rivers State ended sadly and ... Full story

John Kerry Visits Nigeria To Warn Against Post Election Violence

In a rare high-level visit to Africa's most populous country, U.S. Secretary of State John Kerry on Sunday urged Nigeria's leading presidential candidates to refrain ... Full story

'Niyi Johnson' And Wife 'Toyin Aimakhu' Settle Marriage Issues

Few days ago, the internet went agog with the shocking news of the crash of Toyin Aimakhu and her husband, Niyi Johnson. Read It HERE The ... Full story

Ritualists Kills Two Teenager's Few Weeks To Election

As the 2015 general elections in Nigeria draw closer, there seems to be an increase in brutal killings, and ritual activities in the country. Few days ... Full story

Abraham Lincoln Hair Lock Fetches $25,000 At Auction

A collection of Abraham Lincoln memorabilia has been sold at an auction in Dallas, fetching more than $800,000. A lock of the assassinated president's hair went ... Full story

'Libby Lane' First Female Bishop To Be Consecrated

The Church of England will consecrate its first female bishop during a ceremony at York Minster later. The Reverend Libby Lane, 48, will be ordained as ... Full story

My Dad Has No Social Life - Adetoyese Oyewo

Adetoyese is the third son of veteran actor and university teacher, Dr. Kola Oyewo. He talks about the kind of life his father leads off ... Full story

'Aisha Buhari's' Agenda If She Becomes The First Lady

Aisha Buhari, the wife of APC presidential flag-bearer, Muhammadu Buahri during the inaugural meeting of the APC women presidential campaign initiative held in Abuja on ... Full story

Daddy Loves Cracking Jokes - Halima Buhari (VIDEO)

The Buhari household is coming out in full force to support the head of the family as he seeks to become the president of Nigeria. Just ... Full story

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

Rate this article

0

Breaking News

Top 3 In Black And Worst Look On Red Carpet For 'First Cut' Premiere (PHOTOS)

Producer Lisa Omorodion had another movie premiere for First Cut at Silverbird Cinemas in Lagos on Friday Jan 23rd. I wasn't really impressed by the looks ... Full story

'Ike Chioke' Federal Government May Borrow N2tn To Finance 2015 Budget

The Managing Director, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ike Chioke, tells how falling oil prices will pose challenges to ... Full story

Chelsea Will Recover 'Mourinho' Vows

Jose Mourinho insists Chelsea will quickly recover from their humiliating FA Cup exit against third-tier Bradford because most of his star players missed the stunning ... Full story

Caroline Danjuma Returns To Nollywood (Photos)

At a point, she was addressed as a ex-actress because shortly after beautiful Nollywood diva, Caroline Ekanem Danjuma, married her billionaire husband, Musa Danjuma, they ...

Omawumi Flaunts Second Baby Bump Days After Wedding (Photos)

Few days after Nigerian songstress, Omawunmi Mgbele said "I Do' legally to her long time off and on boyfriend, Tosin Yusuf, the 'If you ask ...

It’s Impossible To Be A Superstar Over Night….Jide Kosoko Frowns

A person who never made a mistake never tried anything new, for a journey of a thousand mile begins with a step. These is a ...

My Shaved Hair Like Tuface Was A Coincidence ----Singer, Joel

Argument arouse when an artiste who look like Tuface was signed into Kennis music after Tuface left the record label. Many said it was same ...

Moe Musa Salutes Reminisce As His Best Nigerian Rapper

Popular music video director, Moe Musa whose real name is Mohammed Musa has spoken in praise of popular rapper, Reminisce as the hip hop artiste ...

Singer, Brymo Soon To Be A Proud Father

Singer Brymo may have let his past go behind him as he has stepped up his game both musically and personally. The singer who recently released ...

Gone! Toyin Aimahku's Marriage Crashes Irreconcilably

Barely two year after top yoruba actress Toyin Aimahku who doubles as Vice President of Actor Guild Of Nigeria, (AGN), married her estranged husband Adeniyi ...