1 Appreciation of FG interventions in the housing sector
2 Appreciation of FG interventions in the housing sector
By Perpetua Onuegbu, News Agency of Nigeria
In the spectrum of human needs, housing comes after air and food.
3 For dignity, having a home becomes a priority in the hierarchy of necessities.
4 To this end, governments around the world are making meeting the housing needs of citizens a key part of their agenda.
5 The current administration of the President Muhammadu Buharihas taken some steps to meet the housing needs of Nigerians by launching the National Housing Program (PNL).
6 The government, through the Ministry of Works and Housing, has initiated a partnership with state governments and other stakeholders to develop and provide affordable housing to Nigerians across the country.
seven Although the goal of ensuring that every Nigerian is properly housed has not been fully achieved, the government’s efforts have started to bear fruit.
8 A recent report on the housing sector in Nigeria by Bank of Industry (THIS) estimates Nigeria’s housing deficit at 28 million, a figure that requires 21 trillion naira to address.
9 According to the report, however, N470 billion was what Federal government budgeted for housing in 2022.
Experts say Nigeria will need to deliver one million housing units every year to close the gap.
ten Declaring the event open, Vice President Professor Yemi Osinbajo pledged that the federal government would accelerate its housing programs, pledging that the federal government would deliver more than 50,000 homes by 2023.
Osinbajo said this at this year’s Africa International Housing Fair on the theme: “Housing for All, The Role of Governments in Creating an Effective Enabling Environment”.
11 Part of the effort to achieve this goal has been seen in Kano in June, when the government officially handed over the keys to four beneficiaries who paid for houses built under the first phase of the national housing program (NHP) in Kano, Kano State.
12 The Minister of Public Works and Housing, Mr. Babatunde Fasholawas represented by the permanent secretary, Mr. Bashir Alkali.
13 “While we welcome those who can afford to pay direct, it is not a requirement of eligibility.
14 “We have offered flexible payment options such as mortgages and rent-to-own which we encourage applicants to pursue.
15 “Some of the qualification requirements to gain entry include – a current passport photo in JPEG Where PNG format; most recent copy of your current tax slip PDF format.
16 “Means of identification (national identity card, driving license, international passport) in JPEG digital format; Reference letter from any primary mortgage (for mortgage underwriters) and proof of 10% down payment deposit (for mortgage underwriters only),” he said.
17 “Today’s recipients are therefore among the first group of Nigerians other than the 1994 Super Eagles who received the keys to their homes promised by the Federal Government over 28 years ago.
Also taking the floor, Alkali, represented by the director of development of public buildings and housing, Mr. Solomon Labafilosaid the philosophy behind the NHP was to provide an affordable, accessible and acceptable pilot program in accordance with the National Housing Policy.
19 “The approach to the design and use of materials takes into account the cultural and climatic particularities of the regions, while also responding to the principles of Energy and Energy Efficiency Code for Buildings (BEEC) be championed by the ministry,” he said.
20 According to the director of housing construction at the ministry, Mr. Solomon Labafilo, the government has delivered in 35 states of the federation and the CTF.
21 According to him, the distribution is as follows: Phase 1 = 2728 Units, Phase 2 = 2254 Units and Phase 3 = 964 Units, totaling 5946 Units.
22 He specified another set of 2,665 dwellings available for subscription by the public through: .
23 works and housing.
26 For his part, the Federal Mortgage Bank of Nigeria (FMBN) said it has launched a housing for rent program to allow all those who contribute to the National Housing Fund (FNH) to be able to own their own house.
27 According to Mr. Lawal K-Saurithe General Manager, Corporate Communications, FMBNRent-to-Own housing product is an innovative affordable housing product, which offers a simple and convenient payment plan towards home ownership for Nigerian workers.
28 “FMBN developed the rent-to-own housing product as a strategic response to the inability of low-income contributors to the National Housing Fund (NHF) to meet the equity down payment requirement to access the NHF mortgage.
29 “To improve affordability, the rent-to-own product eliminates the need for a down payment.
30 The FMBN Lease-to-own product enables Nigerians to move into FMBN-funded homes – located across the country – as tenants.
31 “They pay for and own the property through monthly or annual rental payments over periods of up to 30 years at the market’s best single-digit interest rate of 7% on the price of the property based on an annuity,” he said.
32 K-Sauri also said that FMBN currently has over 3,190 homes available for sale on a rent-to-own basis in multiple locations across the country.
33 Some of these houses, he said, are located in FMBN-funded estates at FCT Nasarawa Akwa Ibom, wave Enugu, Kogi, Adamawa, Sokoto, borno, Jigawa, Abia, Katsina, Ogun, KwaraKano, Tarabaniger and Kaduna States.
34 “You can visit them to confirm and also see the beneficiaries.
35 We are currently building megacities in collaboration with developers like Brain and Hammers.
36 “About 1,200 housing units are nearing completion, financed by Jibi bank behind the police housing estate in Kubwa,” he said.
37 One of the beneficiaries of housing interventions, Mr. Farouk Adamouwho is a retired civil servant, said the move made it easier for the workers to own the houses.
38 “Anyone who says they used influence to get the house, I’ll tell them that’s not true.
39 We applied via the portal opened by the ministry.
40 We were lucky to be selected.
41 “This is what Nigerians are waiting to see, especially less privileged citizens to get things without pushing for them or having to know one big man or the other,” he said.
Another beneficiary, the Manager of Spray well & Finch Solutions Ltd.., M Henry Obi also said he got his allowance without having to lobby a government official.
Although the intervention of the federal government has not provided housing to all Nigerians in need, stakeholders say that with the evident increased commitment from the government, things will only get better for Nigeria. .
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