NASS Moves To Tackle Nigeria’s Housing Deficit

The Federal Lawmakers have announced plans that they would accord necessary support to stakeholders in the bid to tackle the housing deficit in the country.

The Senate Chairman on Committee of Housing Sen. Sam Egwu, disclosed this on Thursday in Abuja while giving a keynote address at a workshop, with a theme “Emerging Trends in Real Estate Development in Nigeria’ organised by the Real Estate Developers Association of Nigeria (REDAN).

The Senator stressed that National Assembly would support housing bills that would help tackle the housing deficit in the country adding that, there was need to make housing affordable and accessible to all Nigerians.

Egwu however, urged REDAN to come up with housing bill proposal that would take into consideration the plight of Nigerian’s lower class, low income earners to ensuring that they have access to good housing.

He said “For real estate developers to effectively play their role in delivering affordable housing to citizens, they must understand the emerging trends in real estate development globally.

“Unfortunately, the organised private sector seems to have catered only for the middle and upper classes with little or nothing to meet the housing needs of low income earners.

“I urge you to look in the direction of low-income earners to reduce the current overwhelming housing deficit and provide affordable housing to majority of Nigerians at that level.

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“You are encouraged to explore the advantages of using locally sourced building materials to develop cost-effective houses that the majority of the country’s low-income earners can afford.

“As against the conventional very costly building materials that has made housing unaffordable to majority of Nigerians.”