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

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 ...

Miss Honduras found dead after vanishing two days before she was due to fly to London for Miss World contest

Reigning Miss Honduras Maria Jose Alvarado and her older sister have been found dead in a small village almost a week after their disappearance. The champion ... Full story

Katsina Governor Ibrahim Shema Caught On Video Urging Supporters To “Crush And Kill” Political Opponents

A video showing Katsina state governor, Ibrahim Shema urging and gearing his party members to physically assault and also kill opposition party members if they can has surfaced online.  The ...

Lagos Lawyer Sebastian Jidonu Seeks Justice Over Police Brutality

On October 18, when Sebastian Jidonu, a lawyer, walked into the office of the Area K Police Command in Morogbo, near Badagry to settle a ... Full story

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

Rate this article

0

Breaking News

Breaking News: ChazB Of Rhythm FM Confirmed Dead

Charles Bruce Chukuma, popularly known as Chaz B on Rhythm FM is dead. Chazb who was the anchor of sharinglifeissues on the Rhythm93.7 Network died early ...

Top Comic Trending Pics: Daddy Why Do You Always Go Out With Broom?

Disclaimer: Do not use this forum as a channel to promote hatred, tribalism or any other kind of personal grievances. The administration can delete or ...

I Don’t Wish to Get Married……Flavour Nabania

Nigeria’s handsome and female’s choice singer, Flavour Nabania, is well rated and widely adored with his style of music which keeps him on top of ...

Recipies: Learn to cook local Cow Tail Stew

Well prepared cow tail stew can be served with rice and it can also be used to prepare pepper soup Ingredients 3lb 5oz (11/5kg) cowtail trimmed and ...

Dejo Tunfulu Escapes Death As He Almost Bled To Death On Movie Location

This is painfully not the best of times for Yoruba actor, Mac-Tokunbo popularly known as Dejo Tunfulu. It was reported that the script interpreter was on ...

What is Funke Akindele & Malaika Not Telling Their Fans?

A particular suspicious picture of Nollywood actress Funke Akindele and her casual friend, Fuji star Suleiman Alao Adekunle Malaika has dominated the the Internet since ...

Marriage Has Made Me A Better Person- Charles Inojie

Nollywood star, Charles Inojie has indeed pitched a tent for himself in the make-believe world, thus needs no further introduction. The Edo-State born actor who doubles ...

Shan George Plans To Return To 'Jericho'

The latest Nollywood grandmother, Shan George is heading to greater heights in her movie career. The 2-time married actress who's first son just had a baby ...

Don Jazzy's Dorobucci Turned Into A Movie

Nigeria film industry never seem to stop amazing their fans and patronizers with different kind of adaptation of musics and turning them to movies. The had ...

Has Genevieve Nnaji Married Secretly?

Classic Nollywood super mama, Genevieve Nnaji has kept tongues busy since she was last spotted at the recently concluded Africa International Film Festival event that ...