• 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 yeezys Sunday, 20 December 2020 14:31 yeezys

    I enjoy you because of your own hard work on this site. My mother really likes carrying out investigations and it is easy to understand why. Almost all notice all relating to the dynamic means you render precious things on your web site and foster contribution from website visitors on the concern while our simple princess is always understanding so much. Have fun with the rest of the new year. You have been performing a pretty cool job.

  • Comment Link ミュウミュウ財布コピー品 Sunday, 20 December 2020 11:11 ミュウミュウ財布コピー品

    Silicone Rubber Car Seal Strip https://www.jujiesilicone.com/silicone-rubber-car-seal-strip/
    バーバリー財布偽物 https://www.appconnect.in/membership/app-members-list/

  • Comment Link moncler outlet Sunday, 20 December 2020 08:41 moncler outlet

    I happen to be writing to make you know of the really good encounter my child went through reading through your blog. She came to find many things, which include what it's like to have an awesome coaching heart to get the rest with no trouble have an understanding of a variety of hard to do issues. You truly surpassed our desires. I appreciate you for coming up with these warm and helpful, safe, informative not to mention easy tips about your topic to Mary.

  • Comment Link nike shox for men Sunday, 20 December 2020 08:41 nike shox for men

    My husband and i ended up being very glad when Peter managed to round up his homework using the ideas he was given while using the web page. It is now and again perplexing to simply happen to be releasing things others may have been trying to sell. Therefore we fully understand we have the blog owner to be grateful to for this. The explanations you have made, the easy blog navigation, the relationships you make it possible to engender - it's everything awesome, and it is helping our son and our family imagine that the idea is fun, which is certainly really serious. Thank you for the whole lot!

  • Comment Link kd13 Sunday, 20 December 2020 08:41 kd13

    A lot of thanks for your own work on this website. My mom really likes getting into internet research and it's really easy to see why. Many of us know all regarding the dynamic method you present invaluable guidance via your web blog and in addition encourage response from visitors about this concept plus our simple princess is always being taught a whole lot. Take advantage of the remaining portion of the year. You're the one carrying out a good job.

  • Comment Link air jordan Sunday, 20 December 2020 08:41 air jordan

    I precisely wished to appreciate you once more. I do not know the things that I might have carried out without the type of ways documented by you relating to my industry. It was a difficult matter in my circumstances, however , finding out your professional style you resolved it made me to weep with happiness. Now i am grateful for the work and then believe you are aware of a great job your are doing teaching most people all through your blog. I am certain you haven't met all of us.

  • Comment Link supreme hoodie Sunday, 20 December 2020 08:41 supreme hoodie

    I precisely desired to say thanks yet again. I'm not certain what I might have created without the entire techniques contributed by you directly on this question. It was actually a real frustrating situation in my circumstances, nevertheless viewing a specialised fashion you managed the issue made me to leap for contentment. I am just happier for the service and even believe you recognize what a powerful job that you are doing instructing men and women through the use of a site. Most likely you've never met all of us.

  • Comment Link moncler outlet Sunday, 20 December 2020 08:41 moncler outlet

    I truly wanted to post a quick remark in order to express gratitude to you for all of the marvelous concepts you are giving at this website. My extended internet look up has now been paid with excellent concept to talk about with my family. I would declare that most of us visitors are undoubtedly lucky to exist in a good place with many perfect individuals with valuable pointers. I feel extremely grateful to have seen your entire webpages and look forward to many more exciting times reading here. Thank you once more for a lot of things.

  • Comment Link moncler Sunday, 20 December 2020 08:41 moncler

    My spouse and i ended up being quite relieved when Ervin could finish off his analysis through the entire precious recommendations he grabbed while using the web page. It is now and again perplexing to just happen to be offering secrets and techniques which the rest may have been making money from. Therefore we take into account we need you to be grateful to for that. The most important illustrations you have made, the easy site navigation, the friendships you help to instill - it is many terrific, and it's letting our son in addition to the family imagine that that issue is fun, which is wonderfully essential. Thanks for the whole thing!

  • Comment Link supreme hoodie Sunday, 20 December 2020 08:41 supreme hoodie

    I want to get across my love for your kind-heartedness for all those that need help on in this area. Your real dedication to passing the message all through had been remarkably significant and have consistently helped guys and women just like me to realize their pursuits. Your own useful suggestions indicates a great deal to me and much more to my colleagues. Thanks a lot; from everyone of us.

Leave a comment

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

Search