Property

We are committed reducing housing deficit – Minister

Babatunde-Raji-Fashola-e1499369017218

By Adewumi Ojo

The minister of state for Power, Works and Housing Hon. Mustapha Shehuri, has once again reiterated government commitment to the development of housing industry and limiting the effects of Housing deficit in the country.

The minister stated this while delivering his keynote address during an event of Global Property Partners summit 2017 on the theme “infrastructural development as a catalyst for economic growth”.

The minister said that government is fully aware of the difficulty Nigerians are facing as regards to housing stating that policies and directives put in place by the government is in line towards defeating the effects.

The minister disclosed that billions of naira has been accorded to the sector and mobilization of both local and foreign contractors for the development of over 200 projects now ongoing across the country.

The minister highlighted construction projects going on in the country as the construction of 2nd Niger bridge, Ilorin-Mokwa-Jebba road, rehabilitation of roads, provision of new roads among others.

He said that government is making use of tested and   qualified workers for delivery of standard and durable projects in the country.

He described the built industry as a bedrock of economic development and attraction of foreign investors even as he admonished  private individuals to partner the public sector in achieving this task and sustaining the economy.

He assured that ongoing housing scheme project ongoing in the country will be judiciously handed over to those in need of it.

The commissioner for Housing in Lagos state, Gbolahan Lawal, said about 15 billion dollars is needed in addressing housing deficit and infrastructure in the state. He urged private individuals to partner wih the government in addressing the important issue.

According to the commissioner, a survey done in 2013 and released in 2014 shows that Lagos state is facing 2.55million housing deficit with 787,500 housing unit needed yearly to address this.

Also in same direction with the Minister, he urged private companies to complement the state government in addressing this difficulty.

“There’s 787,500 housing deficit in the state, private companies should also partner the state government, as a government our responsibility is to make life better for the people, we are committed towards this and I believe you investors can also help in this, we have already created enabling environment which will help in doing your business”.

A guest speaker, Sir Demola Aladekomo, said for the country to achieve needed infrastructure development for economic growth the country need to agglomerate and polycentric patterned development by ensuring cities’ facilities, efficiency and productivity.

He called on both private and public investors to engage in technological advancement aa manifested developed world. He called on government to put in place enable environment by building sustainable institutions, good governance, rule of law for resolving frictions in aiding encouragement and motivation for the stakeholders which according to him will attract foreign investors and help to grow the economy.

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