Real estate expert advises govt to focus on solving housing shortage

The Chief Executive Officer, UT Homes and Financial Services, Mr. Ade Adebajo, has advised the government of the federation to focus on solving problems related to housing shortage in the country.

Adebajo said government should focus more attention on providing affordable housing for all Nigerians adding that a situation where more houses meant for the rich are lying idle while millions of Nigerians are out there sleeping under the bridge is not acceptable.

The UK trained financial expert lamented that many Nigerians are suffering from lack of quality accommodation, stressing that private investors have important roles to play in ensuring affordable housing is available to all Nigerians.

According to him, although, housing for all is one of the policies of the present administration, its realisation has remained a major task despite efforts by the Minister of Power, Works and Housing Minister, Mr. Babatunde Fashola.

Speaking at the foundation laying/groundbreaking ceremony of the construction of 10 units of luxury and affordable bungalow named Campagne De-Maison, in Mowe, Ofada, Ogun State, Adebajo, called on the public to take advantage of the low-cost housing, which the company is embarking upon.

“Many Nigerians are still tenants because they cannot afford to own a house. Government should do more to provide cheap and affordable houses for Nigerians as well as provide enabling environment for private investors to thrive.

“This is the reason UT Homes has embarked on a project of building affordable standard homes for middle and low-income earners,” Adebajo said.

Adebajo further said, “the project, a fully furnished gated community, is the first phase of what we are doing and it will be sold within the community. We are targeting middle and low-income earners. We also have provision for mortgages for those who cannot pay once. There is assured security with good sewage system, constant water with excellent finishing. If we go by our projection, the first set of people will move in within the next nine months time.

“So we urge Nigerians to take advantage of this opportunity and buy into this project because government cannot do it alone. It is our own little way of assisting the government. Many of the buildings are already sold out. This is a small development, we are going to do larger ones.

Credit: The Sun