• Nigeria
  • Thursday , Feb 1 , 2018

Feature: Nigeria’s increasing population and challenges of housing deficit

January 24, 2020 4531 comments
By Franca Ofili,

Nigeria’s population is currently put at about 194 million people, while the United Nations estimates that the figure will rise to 400 million by 2050.

By that estimate, Nigeria will be the most populous country in the world after
China and India.

However, available data put Nigeria’s housing deficit at 17 million.

Aware of the consequences of fast growing population on the housing sector, various governments had put measures in place to address the housing challenge.

The measures and policies include-enactment of the Land Use Act of 1978, Mortgage Institutions Act, 1989, Federal Housing Authority Act, 1990, National
Urban Development Policy, 1997, Housing and Urban Development Policy, 2002, among others.

In spite the numerous policies, and the Land Use Act, meant to liberalise land acquisition for housing, stakeholders noted that not much have been achieved.

They stressed the need to adopt strategies that would boost construction of mass houses.

Senate President Ahmed Lawan, who commented on the challenges in the housing sector, said there was need to amend the Land Use Act.

“I am aware that there are critical areas that require legislative intervention such as the Land Use Act, the National Housing Fund, Housing Regulations, and many more enabling policies.

“It is in my agenda to see to it that all policies required to get us
closer to our collective dreams are achieved, as the senate president, I recognise the importance of housing.’’

On his part, Mr Gideon Luka, Minority Whip of the House of Representatives, said that the House would ensure that the Nigerian Institute of Architects (NIA), a key player in the housing sector is given all the needed support.

“The challenges of housing are enormous, but there is a lot we can do in order to remain focused in addressing housing deficit in the
country.

“All the professionals must work together to address the challenges of housing in the country,’’ he said.

Mr Yemi Adelakun, Managing Director, Nigeria Integrated Social Housing
(NISH) Affordable Housing Ltd, called for a robust savings scheme to ensure inclusive growth and development.

Adelakun stressed the need to encourage cooperative housing scheme, address building materials and financing challenges, among others.

Mr Ahmed Dangiwa, the Managing Director, Federal Mortgage Bank of
Nigeria (FMBN), said addressing the housing deficit must go hand-in-hand with the promotion of use of local building materials and technology.

Dangiwa said that ArchiBuilt has made a lot of impact in this direction.

ArchiBuilt is an annual exhibition organised to continually bring to the fore, trends, technologies, systems, and policy issues that impact on the building industry’s intervention and responses to
everyday living.

“ArchiBuilt had made lots of impacts on government policies on the building and construction sector.

“The promotion of local content in building materials and construction technology cannot be overemphasised,” he said.

He said that the forum should be sustained as it provides platform for government at all levels, policymakers, professionals and sector players to interact.

Mr Festus Adebayo, the Chief Executive Officer of Fesadeb Communications Ltd. called on the Federal Government to declare a state of emergency in the housing sector.

Adebayo, the convener of the just-concluded 13th Abuja International Housing Show, said that the population of the country is growing at a geometric rate, while housing is growing at arithmetic progression.

He said the Federal Government’s efforts in the provision of houses could not match the country’s population growth rate.

“The 17 million deficit cannot be static, every day we are increasing in number without increasing in ideas, policies and political will.’’

Adebayo said that government should not be involved in building houses; rather it should come up with policies that would encourage people to invest in the sector.

He advised relevant authorities to focus more on what is called “Rental Housing Scheme,’’ which he defined as “own and pay accordingly.”

Adebayo also called on the government to ban importation of building materials in order to promote local content in the building sector.

He also identified high mortgage interest rate as a major challenge facing the housing sector.

Adebayo said that the situation made it difficult for the citizens to access loans from mortgage banks.

“An ordinary citizen of Nigeria cannot walk into a mortgage bank and process a loan because the interest is still at double digits.

“A civil servant who worked for 35 years cannot afford to buy a two-bedroom apartment in a good location in Abuja or Lagos,” he said

Mrs Mounia Tagma, Manager of Middle East and Africa Projects, at the Affordable Housing Institute (AHI), called on the government to fashion out intervention in order to reduce the cost of land and construction.

She advised that the country should carryout research that would inspire actions and bring results.

Prof. Charles Inyangete, Chairman, Innovative Risk and Investment Solution, said the challenge of affordable housing should be addressed via a comprehensive urban plan that would sustain new
communities.

He said that statistics released in October 2015 by the Centre for Affordable Housing Finance in Africa, indicated that Nigeria needed about 363 billion dollars to meet its current housing needs.

Inyangete, a former Managing Director,  Nigeria Mortgage Refinance Company (NMRC), said that the country would only succeed in building homes by building sustainable communities.

According to him, statistics by McKinsey Firm also revealed that Nigeria currently has about 96 million urban households that are financially overstretched, while many people live in
substandard housing.

Mckinsey also said that by 2025, 106 million additional low income households would face the challenge of affordable housing, especially in the urban areas.

With contributions from experts on the way forward, government should identify the best option to tackle the country’s housing deficit. The “Rental Housing Scheme,’’ may be a credible and workable option. (NANFeatures)

4531 comments

  • Comment Link pandora charms Monday, 21 December 2020 02:55 pandora charms

    I'm also commenting to make you be aware of of the fantastic encounter my girl had checking your site. She realized such a lot of details, most notably how it is like to have a very effective coaching mood to make the rest quite simply thoroughly grasp specific impossible matters. You actually exceeded visitors' expectations. Thanks for coming up with those precious, safe, revealing as well as fun tips about that topic to Sandra.

  • Comment Link kobe sneakers Monday, 21 December 2020 01:26 kobe sneakers

    My wife and i ended up being now thrilled Peter could finish up his preliminary research by way of the ideas he discovered out of the web page. It is now and again perplexing to simply happen to be handing out helpful tips which often other folks might have been selling. And we all do understand we've got the writer to give thanks to for this. The illustrations you have made, the straightforward blog menu, the relationships your site make it possible to instill - it is many incredible, and it's assisting our son and the family understand the idea is enjoyable, and that's extraordinarily mandatory. Thank you for the whole lot!

  • Comment Link goyard Monday, 21 December 2020 01:13 goyard

    I am glad for writing to make you know what a magnificent experience my daughter found going through your web site. She learned a good number of things, not to mention what it's like to have an ideal coaching spirit to make many people just thoroughly grasp selected tortuous subject areas. You undoubtedly surpassed her expectations. Thank you for producing such great, trusted, informative and in addition easy guidance on your topic to Jane.

  • Comment Link supreme hoodie Monday, 21 December 2020 01:13 supreme hoodie

    I have to show my appreciation for your generosity giving support to men and women who really need guidance on this important area. Your real dedication to getting the solution across was remarkably interesting and have usually permitted many people much like me to realize their pursuits. Your personal helpful advice denotes so much a person like me and additionally to my mates. Thanks a ton; from all of us.

  • Comment Link nike shox for women Monday, 21 December 2020 01:13 nike shox for women

    I must show my thanks to the writer just for rescuing me from such a setting. After looking out throughout the world wide web and finding concepts which are not beneficial, I was thinking my entire life was well over. Existing minus the answers to the difficulties you've resolved as a result of this short article is a critical case, and the kind that could have badly damaged my entire career if I hadn't come across your website. Your primary ability and kindness in taking care of every aspect was useful. I'm not sure what I would have done if I had not encountered such a stuff like this. I can at this point look ahead to my future. Thank you very much for this skilled and results-oriented guide. I will not hesitate to refer the sites to anyone who would need guide on this matter.

  • Comment Link jordan 13 Monday, 21 December 2020 01:13 jordan 13

    I really wanted to write down a comment to be able to say thanks to you for all the fantastic ideas you are sharing here. My extensive internet investigation has at the end of the day been recognized with really good suggestions to talk about with my two friends. I would claim that we visitors actually are unequivocally endowed to live in a notable community with many brilliant people with valuable advice. I feel really lucky to have discovered your entire website page and look forward to so many more amazing times reading here. Thanks a lot again for a lot of things.

  • Comment Link jordans Monday, 21 December 2020 01:13 jordans

    I simply wished to thank you so much all over again. I am not sure what I would have used in the absence of the type of strategies contributed by you on this area. It absolutely was a very difficult condition in my view, but spending time with a well-written form you managed that made me to cry over contentment. I am happier for the advice and even trust you find out what a great job you're getting into teaching some other people via your web site. Probably you have never come across all of us.

  • Comment Link lebron james shoes Monday, 21 December 2020 01:13 lebron james shoes

    I and also my buddies ended up studying the best tips and tricks on your web page and then suddenly I got an awful feeling I never expressed respect to the blog owner for those techniques. My young men appeared to be passionate to read all of them and have clearly been taking advantage of those things. Thanks for actually being simply thoughtful and then for making a decision on this form of decent topics most people are really desirous to discover. My sincere apologies for not expressing gratitude to you earlier.

  • Comment Link off white jordan 1 Monday, 21 December 2020 01:13 off white jordan 1

    I wish to show my appreciation to you for rescuing me from this particular condition. Just after researching through the world-wide-web and seeing basics that were not beneficial, I thought my entire life was well over. Being alive without the presence of answers to the difficulties you have fixed by means of your main article is a serious case, as well as ones which may have negatively affected my career if I had not discovered your blog. Your good competence and kindness in handling all the pieces was very useful. I don't know what I would have done if I had not encountered such a step like this. I can at this moment look ahead to my future. Thanks for your time so much for your skilled and amazing guide. I will not hesitate to refer your site to any individual who should get tips on this subject.

  • Comment Link birkin bag Monday, 21 December 2020 01:13 birkin bag

    I want to point out my passion for your kindness for people that actually need help with this one concept. Your special dedication to passing the message along ended up being exceptionally significant and has consistently enabled others just like me to attain their ambitions. Your amazing useful guide signifies much to me and even further to my fellow workers. Thank you; from each one of us.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Search