‘Why FG budgeted N100bn for housing fund in 2017’

The federal government appropriated N100bn for social housing fund in the 2017  budget because it is committed to delivering affordable housing to Nigerians through the integrated national housing plan in the coming years. The Minister of Budget and National Planning, senator Udoma  Udo  Udoma, said this in Abuja when he received the Housing and Urban […]

The federal government appropriated N100bn for social housing fund in the 2017  budget because it is committed to delivering affordable housing to Nigerians through the integrated national housing plan in the coming years.

The Minister of Budget and National Planning, senator Udoma  Udo  Udoma, said this in Abuja when he received the Housing and Urban Development  working team of the  National Economic Summit Group led by Architect Pemwalk  GomwalK.

 

The minister said the Buhari administration has made housing and urban development as key elements of the nation’s national planning.

 

Udoma acknowledged that funding has been the major challenge in realising the goal of meeting the country’s housing deficit.

The minister challenged the national economic summit group to mobilize the private sector to complement government efforts in investing  in the housing sector, maintaining that housing is a good sector to invest in.

The leader of the delegation, Architect Pemwalk Gomwalk, told the minister that the group has put together its input which will be presented to the minister in the coming days for inclusion into the national integrated housing plan of the federal government.

The group told the minister that it is working hard to mobilize the private sector to team up with government to ensure that the objectives of the integrated national housing plan are fully realized.