FG To Unveil Plan For Affordable Housing Monday

The Federal Government will on Monday unveil its plans towards the provision of affordable houses for Nigerians in line with the electoral promises of the ruling All Progressives Congress.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, will make the plan public on behalf of the government at the Affordable Housing Summit 2016 being put together by the ministry in partnership with German Development Cooperation.

A member of the summit’s Technical Working Group, Mrs. Eucharia Alozie, disclosed this to journalists in Abuja.

Alozie who is the ministry’s Head of Public Private Partnership Unit was joined at the briefing by the Principal Consultant of Value Chain Project Consultants Limited, Dr. Joshua Egbagbe and the Leader of the Value Chain Unit of GIZ, Mr. Christoph Pannhausen.

“The minister will be unveiling the Federal Government housing plan to the public during the summit. We will also produce blueprint that will be implemented very soon,” she said.

She explained that the summit would serve as a platform where the public and private sectors would share ideas and proffer sustainable strategic framework for housing delivery in Nigeria.

She said the ministry would use the opportunity of the summit to identify the challenges facing the sector and proffer solutions.

According to her, the summit was different from an earlier one where a housing roadmap was launched.

Alozie assured Nigerians that the event would not be talk shop but more of action.

She said the summit would address the five pillars on which affordable housing stood.

The pillars, according to her, are land‎; incentive and concession; off-takers strategy; housing finance; skill development and technology.

Also speaking, Pannhausen said the summit would come up with a blueprint that would be implemented in the subsequent months and years.
He said the affordable housing would be placed more on the door steps of the private sector ‎who understand the market and how to invest in it.

Source:- Punchng