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

Governor Fayose Declares War On Fulani Herdsmen

Governor Ayodele Fayose of Ekiti State has said that people of the state are fully prepared to take vengeance on nomadic cattle Fulani herdsmen if ... Full story

Diezani Under Investigation For Allegedly Trying To Rig Last Year’s Elections

Nigeria’s former oil minister Diezani Alison-Madueke is under investigation for allegedly trying to rig last year’s elections, a spokesman for the country’s anti-corruption agency said ...

Troops Intercept Boko Haram Remnants And Kills 3

Today at about 9.25am in the morning, troops of 120 Task Force Battalion, 27 Task Force Brigade, in conjunction with vigilantes while patrol, intercepted 5 ... Full story

Ex PDP Chairman Tony Anenih Reportedly Dies In London

Reports say Chief Tony Anenih, a former Board of Trustees (BoT) chairman of the Peoples Democratic Party (PDP), is dead. The respected politician who was fondly ...

Fresh Attack Begins In Benue As Fulani Herdsmen Declare 80 Cows Missing

There are fears that Agatu may soon come under serious attack from suspected Fulani herdsmen following a recent media speculation that over 50 cows belonging ... Full story

Troops Attack Fulani Herdsmen And Score Massive Success (Photos)

Nigerian troops have recorded another massive success in its fight against terrorism after overcoming cattle rustlers and bandits in the northern part of the country. ... Full story

EFCC Reveals How Jonathan’s Cousin Got $40m In 2014

The Economic and Financial Crimes Commission (EFCC), Wednesday, disclosed how a cousin to former President Goodluck Jonathan, Azibaola Roberts, got $40million from former NSA, Sambo ... Full story

My Criticisms Of “My Father” Buhari Is Healthy For Nigeria Says Governor Ayodele Fayose

Ekiti State Governor Ayodele Fayose yesterday described President Muhammadu Buhari as “my father” and that it becomes improper for him to abuse the President as ...

2016 Budget : For The Third Time Buhari Returns 2016 Budget To National Assembly

For the third time, the 2016 Appropriation Bill has been returned as President Muhammadu Buhari was said to have picked holes in the re-worked budget ...

Crude Oil Production In Lagos Starts Today

An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, ...

FG Changes Enugu Police Commissioner Over Fulani Herdsmen Attack

The Nigeria Police Force has removed the Commissioner of Police, Enugu State Command, Mr. Nwodibo Ekechukwu, over the attack on Ukpabi Nimbo in Enugu State ...

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

Rate this article

0

Breaking News

Basketmouth Wins New York Festival Award

Popular comedian, Basketmouth who just bagged an international award for his television documentary, is giving out a whooping N1million on Instagram after hitting a million ... Full story

Seen Amazing New Photos Of Her Excellency Toyin Saraki

Her Excellency Mrs Toyin Saraki looks adorable in the new photo released ahead of her Inaugural conference. Toyin Saraki Toyin Saraki, the Founder-Director of the Wellbeing Foundation ...

Preview: Real Madrid vs Man City

All roads lead to Milan tonight when Real Madrid welcome Manchester City to the Santiago Bernabeu stadium. While some have predicted an all Madrid final following Atletico triumph ...

Anthony Joshua's Team Plan Sellout Fight In Beijing

Promoter Barry HearnAnthony has said Anthony Joshua could yet defend his International Boxing Federation world heavyweight title at Beijing’s Bird’s Nest Stadium. Hearn said he was ...

Read Veteran Yoruba Actress Madam Saje Advice On How To Have A Good Marriage

Veteran Yoruba actress, Fausat Balogun, popularly known as Madam Saje, in a recent interview with City People Magazine reveals why many marriages in Nollywood especially ...

Canadian Rapper Drake Makes His Debut On Forbes Top 5 Wealthiest Hip Hop Artistes

Drake's money is fast becoming a music legend especially after making his Forbes music rich list debut on May 2. The Canadian rapper became the newest ...

NBBF Unveils 27 Man List For Camping Ahead Of Rio Olympics

The Nigeria Basket Ball Federation (NBBF) has released the list of 27 players invited to camp ahead of the 2016 Rio Olympics. President of the federation, ...

Dele Momodu Optimistic About Tiwa Savage And TeeBillz Getting Back Together

Dele Momodu has weighed in on the Tiwa Savage and TeeBillz marriage situation with prayers via a post on his Instagram page. The Ovation magazine publisher ...

Sad: Nollywood Actress Genevieve Nene Is Dead

Upcoming Nollywood actress, Genevieve Nene, is dead. Genevieve Nene According to an Instagram post by Nollywood director and screenwriter Ike Nnaebue, this morning, the actress died yesterday ...

Pep Guardiola Has This To Say After His Last Champions League Game As Bayern Munich Manager

– Pep Guardiola says his time at Bayern Munichis not a failure despite no Champions League trophy – The coach insists he has given his life to the ...