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Reading: IHRC: Nigeria now has a 28 million housing deficit
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Nigeria

IHRC: Nigeria now has a 28 million housing deficit

The Federal Government and the International Human Rights Commission (IHRC) have partnered to address the country's 28 million housing short...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief July 27, 2022
Updated July 27, 2022 at 8:37 PM
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IHRC: Nigeria now has a 28 million housing deficit
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IHRC: Nigeria now has a 28 million housing deficit.
The Federal Government and the International Human Rights Commission (IHRC) have partnered to address the country's 28 million housing shortage.

This was said recently in Abuja at a briefing for journalists by Dr. Tivlumun Ahure, Director and Ambassador of the Commission's Africa Region Headquarters.

The purpose, according to him, was to support the Nigerian government's initiatives to meet the Sustainable Development Goal (SDG) target for affordable housing before 2030.

He suggested that sustained attempts at reducing it are necessary if the nation is to grow and improve housing opportunities for poor and moderate-income households, the special needs population, and others.

According to Ahhure, “Indeed, Nigeria faces a severe housing deficit as estimated by the Federal Mortgage Bank indicating a deficit of at least 28 million housing units.

“While the deficit cannot be addressed within the lifetime of an administration, a concerted effort at reducing it is, however, clearly required.

“This will entail creating linkages between the provision of land to property developers, increased availability of housing finance, reduction in property transaction costs and job creation across sectors ancillary to the provision of additional housing stock.”

He stated that in January 2021, the commission communicated to the Federal Government its intention to assist millions of people that live in slums and substandard houses to have adequate housing.

“The IHRC’s proposed pro-poor housing scheme in Nigeria is, therefore, going to be on a joint venture basis with the government.

“It will be to us a dream come true to facilitate an increase in housing stock via Public Private Partnerships (PPP) as well as through housing finance reforms,” he said.

On his part, the newly appointed Director of the commission, Dr. Edward Olutoke, lamented the economic situation in the country.

He said, “More than 75% of Nigerians are living below the poverty line. Less than $2 a day then something is fundamentally wrong. So, the religion that brought us to this level is a very bad religion and the distortion system that brought us to this level is a terrible system.

The political system that navigated us to this point is a terrible one and unless we do something as shocking as what the International Human Rights Commission is doing right now, we are not going get out of this quagmire,” he said.

Olutoke said that housing is key and important to every Nigerian as “it is fundamental to have a shelter over one’s head.

“For me this is an assignment which I am committed to achieving.

“Housing is key, shelter is too key and fundamental and these are the things we toil within our decision making process.

“For instance, If we move 5,000 families moved from Asokoro or within the city centre to a new land, the house rents will definitely reduce and so the issue of high house rents will be a thing of the past,” he posited. decision-making.
Tags: Nigeria

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