According to the Minister of Works & Housing, Mr Babatunde Fashola, the Federal Government alone can’t meet the housing needs of Nigerians, hence the need to create an enabling environment for private sector involvement in housing provision.
Fashola said this during the launch of the National Housing Strategy Blueprint at the ministry headquarters yesterday.
The minister said this during the launch of the National Housing Strategy Blueprint at the ministry headquarters on Friday.
He claimed that the current administration’s multiple housing schemes for affordable housing still didn’t produce more dwellings than private businesses.
He also added that the document would release the potential of private capital in the sector, saying that the private sector still serves as the primary driver of housing solutions.
His words: “There is nothing the government does in the housing sector that exceeds and provides more than what the private sector can do. Whether it is a state government building or the federal government, the real drivers at the end of the day are the capacity of private capital for providing more houses.
“When you look at the scope of land holding, apart from the state government that owns the bulk of the land, the Federal Government doesn’t have as much land as the collective land holding in the hands of the private sector.”
“So, let’s hold our breath and when the figure comes, it will be very reliable, upon which we can see the real size of the problem.”
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