FG insincere towards housing provision – Fortune-Ebie

Fortune-Ebie who was irked by the inability of government to provide an intervention fund for the sector as done in other sectors, said the solution lies in providing marching grant for the developers and the mortgage sub sector.Speaking at a recently held two-day forum organised by the Presidential Technical Committee on Land Reforms, to fine-tune […]

Fortune-Ebie who was irked by the inability of government to provide an intervention fund for the sector as done in other sectors, said the solution lies in providing marching grant for the developers and the mortgage sub sector.
Speaking at a recently held two-day forum organised by the Presidential Technical Committee on Land Reforms, to fine-tune the draft regulations on Land Use Act, the foremost estate surveyor and the first General Manager of the Federal Housing Authority (FHA), said that as significant as housing is in the hierarchy of human needs, it was often omitted in successive government’s Presidential Intervention Fund.
He added that when entertainment industry is sometimes recognized, housing sector has remained at the back seat of government’s priority.
His words: “There was an intervention fund for the Aviation sector; there was intervention in the Power sector, there was intervention in the Banking sector, there was even intervention even in the Nollywood industry but when it comes to housing, government will say it is not sustainable and that is the end.”
He stated that for the nation’s housing needs to be adequately addressed, government must show commitment by allotting funds to the sector.
The Chairman, Presidential Technical Committee on Land Reforms, Prof. Peter Olufemi Adeniyi, fingered lack of necessary guidelines and regulations as the major pitfalls of the Land Use Act since it came into existence in 1978.