Dangiwa

Minister of  Housing and Urban Development, Architect Ahmed Musa Dangiwa has said that the government would need N5.5 trillion per annum to build approximately 550,000 housing units as part of measures to address the deficit challenge. Dangiwa said this while performing the groundbreaking for 10,000 housing units in Enugu State today. The Minister lamented that the huge housing deficit in Nigeria is the result of ineffective implementation of housing policies, suboptimal performance of housing delivery institutions, an undeveloped housing market, an untapped secondary mortgage market, and, of course, a tough macroeconomic environment. “As you may be aware, the housing challenge in our country is immense. Statistics show that to address this problem, we need to build approximately 550,000 housing units annually over the next 10 years, which would require about N5.5 trillion per annum,” he said. Decrying the enormous challenge that the deficit poses, he said the situation must be perceived as an opportunity to innovate and bring about solutions that will trigger sustainable housing delivery in Nigeria, not just in the short-term but for future generations as well.

Sun