FCTA set to tackle 1.7m housing deficit with PPP

The Federal Capital Territory Administration (FCTA) is set to address 1.7 million housing deficit in Abuja through Public-Private Partnership program initiated to benefit many low-income earners.

FCT Minister Malam Muhammad Musa Bello made this declaration at the 12th Abuja international Housing Show in Abuja.

The minister said that the government had formulated a National Housing Policy since 1991 to ease the provision of adequate, accessible and low-cost housing for its citizens.

Bello who was represented at the event by the Coordinator, Abuja Metropolitan Management Council (AMMC) Umar Shuaibu noted that the housing initiative was not realized due to several factors ranging from lack of political will, policy inconsistency, poor financing to weak institutional structures.

“The revised policy established financial institutions and procedure that will make funds available through the primary mortgage institutions for affordable housing production. The new policy, therefore, acknowledged the private sector as a key partner in the delivery of housing for the country,” he said.

Credit: Daily Trust