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

Eni Declares Force Majeure After Pipeline Attack

A subsidiary of Italian oil producer Eni has declared a force majeure following an attack on a key gas pipeline in southern Nigeria, the company ... Full story

CBN Finally Adopts Flexible Exchange Rate Policy

After a long wait, the Monetary Policy Committee of the Central Bank of Nigeria has bowed to pressure, thus, directing its management to switch to ... Full story

Senate To Debate State Of Economy Wednesday

The Senate Tuesday resolved to debate the dwindling economic fortune of the country Wednesday. This followed a motion of urgent national importance by Senator Bassey Albert ... Full story

Seplat Sets Out $130 million For Oil And Gas Development In 2016

Seplat Petroleum Development Company Plc, has earmarked about $130 million for its 2016 operations, even as it restated commitments to fully exploit the nation’s abundant ... Full story

Oil Marketers Set To Flood Market With Petrol

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is ready to flood the market with fuel as it has gotten credit line from ... Full story

Former Chairman Of PDP Returns Funds To EFCC

A former Secretary to the Bauchi State government, Alhaji Ahmed Ibrahim Dandija, ex-chairman of the People’s Democratic Party in Gombe State, Nuhu Poloma and the ... Full story

Lawyer Tells Court: Metuh Admitted In Hospital

The National Publicity Secretary of the Peoples Democratic Party, Mr. Olisa Metuh, was absent from his ongoing trial before a Federal High Court in Abuja ... Full story

BREAKING NEWS: Court Declares PDP Caretaker Committee Illegal

A Federal High Court sitting in Lagos on Monday declared as illegal the newly constituted caretaker committee of the Peoples Democratic Party, PDP. Justice Ibrahim Buba, ... Full story

FG Saves N220bn Through Integrated Payroll System

The Federal Government on Tuesday said it had recorded a savings of about N220bn since April 2007 when it commenced the implementation of the Integrated ...

Nigerians Will Soon Queue To Buy Salt Says Pat Utomi

Nigerian Economist , Pat Utomi says Nigerians may start queuing to buy essentials such as salt if the government fails to deal with the fundamentals ...

APC Tells Wike: Apologise And Refund N10B Wasted On PDP Convention

Rivers State Governor, Chief Nyesom Wike, has been told to apologise and refund the N10 billion from the State coffers which he wasted on last ...

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

Rate this article

0

Breaking News

Nigerian Naira Falls Ahead Of Central Bank Rate Decision

 Nigeria's naira currency weakened slightly in the parallel market on Tuesday ahead of an interest rate decision and a possible announcement that the central bank ... Full story

See How CNN African Voices Presenter Keturah King Was Assaulted And Beaten Up At Airport (Photo)

Popular CNN African Voices presenter, Keturah King, who had been posting scenic photos from her trip to Senegal over the past few days, has seen ... Full story

Toyin Lawani Shares Touching Stories And Photos Of People She Rescued From The Streets

Popular Lagos celebrity stylist and fashion entreprenuer, Toyin Lawani, took to her Instagram some hours ago to share the stories of two Nigerians she took ... Full story

Ozil Makes Pilgrimage To Mecca

Arsenal midfielder Mesut Ozil took a trip to Mecca for a pilgrimage ahead of Euro 2016. The Germany international is set to play a key part ...

Liverpool To Play Barcelona At Wembley In August

English club Liverpool will square up against Barcelona at Wembley in August in the International Champions Cup. It was today confirmed the Reds will take on ...

Mourinho To Be Announced As Manchester United Manager In The Next 48 hours

Jose Mourinho is expected to be confirmed as Manchester United manager in the next 48 hours. Negotiations between Mourinho's agent, Jorge Mendes, and Manchester United executive ...

Manchester United And Mourinho Set To Offer £34m Deal To Ibrahimovic

Manchester United are ready to make Zlatan Ibrahimovic a massive offer to become one of Jose Mourinho's key signings this summer. The Swedish striker is looking ...

Chris Giwa To Meet House Committee On Thursday

Self-acclaimed president of the Nigeria Football Federation (NFF), Chris Giwa, and his board will appear before the sports committee of the federal House of Representatives ...

Sharapova May Never PlayTennis Again Says Russian Official

Russian Tennis star Maria Sharapova may never play again following her failed drugs test, the president of the Russian Tennis Federation says. Sharapova, 29, tested positive ...