Login Register
feel free to call 09056000005

Dangiwa unveils social housing funding plan

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway to source funds from fuel subsidy removal and profits from the windfall tax to build houses for those without income, low-income earners, homeless, vulnerable, and underprivileged in society.
 
Dangiwa stated this when the President and Chairman of the Committee on Construction Projects and Infrastructure of the Nigerian Bar Association, Section on Business Law, Andrew Osemedua Edum, paid him a courtesy visit in his office in Abuja recently. “Plans are underway for National Social Housing Funds to mobilise, also to administer and allocate affordable, decent, and accessible houses for those who don’t have an income, the low-income earners, homeless, vulnerable, and underprivileged in society. The funds will be sourced from the fuel subsidy removal,” Dangiwa said.
He stated that the ministry under his watch was committed to driving historic housing reforms by increasing access to affordable housing for all Nigerians across all groups and income brackets.
Dangiwa added that the reform task teams included the housing institutions reform task team, the land reform task team, and the building materials manufacturing hub, saying that their reports would soon be on stream for implementation to drive the housing sector.
 
The minister, who revealed that 80 per cent of Nigerians are low-income earners, explained that the four housing sector reform task teams initiated by the ministry upon his assumption of office were meant to position the ministry in better stead to deliver its Presidential mandate of increasing the stock of affordable housing for Nigerians.
 
Read Also:
He emphasised, “The only way to make a sustainable difference is for all the key players in the housing value chain to be reformed, work optimally, and deliver their mandates. “It is not enough to build houses but to have a system that will work efficiently and deliver results practically and maximally.
 
“The ministry is ready to partner with you and all other relevant bodies,” he said. According to the minister, there is going to be a checklist to monitor and prosecute any building collapse in Nigeria. Earlier, the President and Chairman of the NBA-SBL Committee, Andrew Osemedua Edum, SAN, said, “We came to seek institutional collaboration with the ministry.”
 
He invited the minister to attend the second national conference on construction projects and infrastructure as a guest to deliver a keynote address at the conference. The conference is scheduled to take place from November 27–30, 2024, in Abuja, with the theme “Making Construction Projects and Infrastructure Better in Nigeria”.
Source: PunchNG
 

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

a month ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

a month ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

2 months ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

2 months ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

2 months ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

2 months ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

2 months ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

3 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

3 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

3 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

3 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

3 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

3 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

3 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

3 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

3 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

4 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

4 months ago Read More