IN a move to ameliorate the effect of shortage of housing accommodation in Nigeria, the Federal Government has commenced construction of 1,000 housing units in Abuja.
This is even as Good Earth Power International, a foreign Consortium with interests in construction, energy, communications and land development, is investing $650m for the provision of 1,000 units of housing at Kaba District, known as Goodluck Jonathan Legacy Estate.
Besides, the government has started a process to document all houses construction across the country since the inception of the present administration in 2011 to enable the government know how many houses were built in the last two years.
Minister of Housing and Urban Development, Ms. Amma Pepple who disclosed this at the ground breaking ceremony of the housing units named after President Goodluck Jonathan in Abuja, reiterated the commitment of the government to recapitalised the Federal Mortgage Bank of Nigeria, FMBN.
Ms. Pepple notd that “globally, the provision of affordable housing, in its most enabling form, is acknowledged not only as an important policy intervention to improve the living standards of the citizenry but also as a cataclysm for propelling socio-economic transformation”.
“This is in view of its multiplier effects in adding value to virtually every sector of the national economy, culminating in its enhanced capacity and productivity through the achievement of a significant increase in the Gross Domestic Product, GDP. The extent of housing development in any nation, therefore, reflects the level of its economic growth, social standards and future aspirations for enhanced growth,’ she said.
“The new estate that will spring forth shortly on this ground is justifiable named Goodluck Jonathan Legacy Estate in order to appreciate the support of Mr. president to the revitalisation of the housing and urban development sector by placing the sector at the epicentre of public policy. Bearing in mind the need to fast-track the realization of the goals and objectives to be attained in the housing and urban development sector under Transformation Agenda, Mr. President also recently directed us to, henceforth; focus on five key areas of implementation activities in the short to medium terms,” Ms Pepple said.
The minister named the areas to include, land titling, housing finance, affordable housing, low-cost/social housing and urban regeneration and regional development.
She said her ministry intends to “vigorously pursue the implementation of the proposed initiatives in these five areas over the next two years in order to to achieve the targets we have set for ourselves.”
FMBN Managing Director, Mr. Gimba Ya ‘U Kumo in his remarks, explained that apart from providing accommodation to 1,000 people, the project would aid the objective of job creation by employing about 5,000 various categories of workers at the FCT.
While advising local developers to learn from the foreign firm handling the project, he said,” it is our expectation that advanced technologies and expertise they will be deploying in the course of this project will be adopted and replicated by developers for housing projects in future.”