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Convener of the Abuja International Housing Show AIHS, Barrister Festus Adebayo has commended the Central Bank of Nigeria CBN and other stakeholders for creating N200billion National Social Housing Programme for low-income earners across the country.

Adebayo gave the commendation at the 15th International housing show yesterday in Abuja with the theme “Sustainable and Resilient Housing Solutions for a Post Pandemic World” at the International Conference Center in Abuja.

He however said more is still needed and required if the country is to effectively tackle the growing demands of affordable housing.  He explained that presently the country is in a shortfall of over 17 million housing demands, but there is still room for improvement by the government to do more.

The convener commended the response of the Family Homes Fund to deliver 300,000 housing units for low-income earners across the country.

According to him, “the importance of housing cannot be relegated if the ruling authorities wish to accomplish the aim of social distancing and promoting personal hygiene, believed that there is the need for critical stakeholders in the country’s housing industry like the Federal Mortgage Bank of Nigeria FMBN, Nigeria Mortgage Refinance Company NMRC, Federal Ministries of Works and Housing, Finance, and the Central Bank of Nigeria CBN amongst others, to deliberate on the nation’s housing deficit and the way forward in terms of the segmentation of the housing needs of the masses, expected both from an urban and rural perspective.

He added that the Covid-19 pandemic that hit the world, impacted the global housing market including Nigeria, as it saw the resurgence and importance of affordable housing, not only as an investment but, a necessary and critical social infrastructure for fighting and effectively combating the spread of the virus.

“The global pandemic impacted the Global Housing Market and Nigeria as well we saw the resurgence and importance of housing, not only as an investment but, a necessary and critical social infrastructure for fighting and effectively combating the spread of the Covid-19 pandemic in Nigeria and across the world, Adebayo said.

The expert said the importance of housing cannot be overstated if we must accomplish social distancing and promote personal hygiene according to World Health Organization Protocols”.

It is against this backdrop he said, the 15th edition of the Abuja International Housing Show is being convened to gather major housing stakeholders in Nigeria and the world that will lead to improved housing conditions in the country. At the housing show, awards were presented to the governments of Lagos, Yobe, and Borno states for their roles in developing housing and infrastructures.

Speaking during the occasion, Secretary to the Federal Government Boss Mustapha said that the housing program is one of the priorities of the federal government and that was why President Buhari has embarked on various housing programs since the inception of the administration.

He said that Housing has been factored in the national economic development plan because of the importance attached to housing as one of the vehicles with which government wants to lift Nigerians out of poverty, create jobs and fight insecurity. He said that the government targeted 1.8 million jobs through the housing scheme.

Also the Minister of Works and Housing Babatunde Fashola represented by the Minister of State said that the government has achieved much in bridging housing gaps in Nigeria. He said that the low-income housing scheme has been kicked off in 34 states of the country, with the federal capital territory.

He disclosed that the remaining two states which are Lagos and Rivers are awaiting the commencement because of land issues which the state governors have assured will be made available.


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The post Abuja Housing show: Experts laud CBN’s N200bn Housing Programme for low income earners -NigPilot appeared first on The Nigerian Pilot News.

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