Abuja - The present administration will embark
on an aggressive intervention in the housing sector to reduce the housing
deficit in the country, Minister of Power, Works and Housing, Babatunde
Speaking at the maiden press briefing to unveil his
ministry's policy in Abuja, he said government would undertake construction of
public housing and formulate policies that would further enhance private
participation and ownership.
In line with the change mantra of the administration, the
Minister said it was time to move beyond formulation of housing policies alone,
to being consistent in their implementation.
He stated that the housing sector presented enormous
opportunity that will positively impact the economy and promote growth and
inclusion in the housing value chain.
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“Consistency is the key, annual spending is an imperative.
We must change the budget for national housing from N1,8 billion in 2015 to
something in the hundreds of billions of Naira that matches our ambition,” he
Fashola also said the ministry would consider the
re-designing of existing housing roof types to make them ready to receive solar
panels for electricity without damaging the roof or causing leakage during
He is confident the initiative will open a new vista for
local manufacture of solar panels, create jobs at manufacturing, distribution
and installation levels for technicians as is the case with cable TV
He promised to complete on-going projects and start off new
projects borrowing the Lagos Homes model he introduced in Lagos state during
his tenure as the governor.
Fashola said the project could take off with 40 blocks per
- CAJ News