24.4 C

Senate seeks implementation of affordable housing for Nigerians



1min read

THE Nigerian Senate on Thursday says there is a need to resolve issues surrounding the housing sector in Nigeria to ensure affordable housing for the teaming poor population in the country.

The motion was moved by Akpan Bassey, senator representing Akwa Ibom North-East District, who said there was an urgent need to reform the housing policy and mortgage financing in the country to meet the escalating housing demand.

 Yisa Ashiru, senator representing Kwara South district seconded the motion. He said the Federal Mortgage Bank should ensure that the interest rates are brought to a minimum and the housing issue should not be neglected.

Also speaking was Binos Yaroe, representing Adamawa South Senatorial District, he said it was imperative for the housing sector to reform so people could have houses because it was a fundamental need of man

The senate further resolved that the committee on Housing urgently works out modalities with the various National Housing Development sector to ensure the implementation of affordable housing across the country to cater for the ever-increasing population.

Since 2015, there have been programmes enacted in the housing sector; like the Federal Integrated Staff Housing (FISH) Programme (2016); and My Own Home scheme (2017).

While the FISH programme geared towards providing affordable housing for Federal Civil Servants through an integrated strategy involving group land allocation, site services, infrastructure development, etc, My Own Home Scheme, focused on the construction of about 100,000 housing units across the country for N610 billion.

- Advertisement -

However, the sector has witnessed no great change to date, as it is faced with delayed licensing requirements and a high cost of building materials due to the high import dependence of the sector among other factors.

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.


If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.



Lagos police parade sound engineer’s suspected killers

THE Lagos Police Command has paraded six persons over the death of a sound...

NRC cancels resumption of Abuja-Kaduna train services

THE Nigerian Railway Corporation (NRC) has cancelled the planned resumption of train services along...

FCT minister seeks Rotary’s partnership in campaign to end open defecation

THE Minister of State for the Federal Capital Territory, Ramatu Tijjani, has asked Rotary...

Lagos court sentences Danish man to death for killing Nigerian wife, child

A LAGOS High Court has sentenced a 54-year-old Danish national, Peter Nielsen, to death...

ASUU denies rejecting new FUTA Vice-Chancellor

THE Federal University of Technology Akure, (FUTA) Chapter of the Academic Staff Union of...

Most Read


Subscribe to our newsletter