Osinbajo, Saraki, Dogara, others to converge over lingering housing deficit

Worried about the lack of access to affordable houses, Vice President Yemi Osibanjo, President of the Senate, Bukola Saraki, Speaker of the House of Representative, State Governors and the private sector, will soon converge on Abuja to brainstorm on how to tackle the housing deficit.

Key players from the private sector and the Central Bank of Nigeria (CBN), will also join in the parley geared towards proffering solutions to the housing deficit among Nigerians. They are expected to brainstorm at this year’s Abuja International Housing Show.

Chief Executive Officer of the Show, Festus Adebayo, in a chat with newsmen, said other players from the World Bank and African countries are expected to join the long list of stakeholders that will brainstorm on housing issues. The event, which is the 12th in the series, expected to kick off at the International Conference Centre (ICC) from the 16th of this month, is also expected to address mortgage refinancing and how Nigerians can leverage on existing opportunities to own their houses.

Mr. Adebayo told newsmen: “For the 12th Abuja Housing Show, Vice President Yemi Osibanjo will declare the event open on July 16, 2018. As you might have observed, the Nigerian economy has been recording growth from what

I have been reading or what they have been showing us on television. “But despite the growth that we are hearing, we still have high rate of unemployment in the country.

Following that, championing the 12th Abuja Housing Show is to address how we can use housing to create employment and drive the Nigerian economy. “On every housing estate that you see they are different category of workers that you see; the professional, architect, engineers land surveyors etc, are all there. You will also need the artisans like the carpenter. You will even see somebody that is riding okada. You will also see the women selling food to the workers. Then when you look at the effect of housing on the economy, you will also discover that the effect is multiplying.”

Speaking further, he added: “What we are saying here is that housing is the new way to gear up Nigeria’s economy. In the last three years that Buhari government came, I can tell you that housing has not witnessed so much increase in terms of performance.

“The kind of attention we are saying is that there are laws in the National Assembly that are waiting for attention. If these laws are not passed like the Land Use Act which is still in the hands of the National Assembly, how do we work on these laws so that the problem of access to land, problem of mortgage can be addressed?
Once we don’t address the issue of land, we can never witness an effective mortgage system in Nigeria.”

Confirming the attendance of state governments, he said: “Thirty housing commissioners have confirmed their participation and Governor Godwin Obaseki of Edo State, has called me to tell me that he would be at the event. “Ogun State government will be fully represented both in the presentation and exhibition and their space has also been allocated. Niger State government is championing the housing scheme.”

Credit: Leadership