Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

SGF, Fashola divided over nation’s housing deficit

Fakoyejo OlalekanbyFakoyejo Olalekan
3 years ago
in Business News, Politics
FG divided over housing deficit as the number rises to 22 million , FG bars public officials from travelling abroad, FG issues travel ban on US, Italy, China, UK, 9 others over COVID-19

Boss Mustapha

Share on FacebookShare on TwitterShare on Linkedin

The Secretary to the Government of the Federation (SGF), Boss Mustapha, and the Minister of Works and Housing, Babatunde Fashola, are divided over the state of housing in Nigeria. The duo expressed their divergent views at the inauguration of Woodhill Estate, in Abuja)

While Mustapha admitted that the housing deficit in the country, which is within the range of 16 million and 22 million, is unacceptably high, the former Governor of Lagos disagreed stating that the figures of the deficit hadn’t been ascertained and that there are houses available but no one is occupying the apartments.

“As we all know, Nigeria’s housing deficit has been said to range from 16 million to 22 million, the chairman (of FMBN) just said 17 million but that the minister will tell us where it is.

“However, whatever value it is, the housing deficit is unacceptably high. It is for this reason that the government is determined to provide affordable housing as a strategic imperative to guarantee the wellbeing of Nigerians,” the SGF said.

But Fashola insisted that there are houses available but no one is occupying the apartments. He stated that the housing deficit was more experienced in urban areas than what was recorded in rural areas. He said that does not mean that there are no houses available to occupy.

The estate, which was inaugurated by Fashola, has 154 housing comprising 80 units of two-bedroom semi-detached bungalows and 74 units of three-bedroom detached bungalows. The construction of the estate was in two phases.

Federal Executive Council, State Governments seek refund over repaired federal roads, FG owing road contractors N306 billion as public transport owners back toll gate 
Babatunde Fashola

 

(READ MORE: Housing: Tackling Nigeria’s huge housing deficit)

Meanwhile, Nigeria has continued to face housing problems as the shortfall is being recorded in the face of rising population and costly apartments. According to a new report, Nigeria has a deficit of 16 million to 22 million housing units.

The shortfall has become a cause for concern among Nigerians as the gap between demand and supply widens. Apart from the fact that several Nigerians find it difficult to get a roof over their heads, experts urged the Federal Government to address the housing deficit menace.

 

Related

Tags: Ahmed DangiwaBabatunde FasholaBoss MustaphaFMBNNational Housing Fund loanWoodhill Estate

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • FUGAZ investors gain N34.1 billion during the week 
  • FG highlights policies developed to drive MSMEs growth in Nigeria 
  • Nigeria Breweries Plc’s rising loan profile may exacerbate its financial health

Follow us on social media:

Recent News

FUGAZ investors gain N34.1 billion during the week 

FUGAZ investors gain N34.1 billion during the week 

March 26, 2023
FG highlights policies developed to drive MSMEs growth in Nigeria 

FG highlights policies developed to drive MSMEs growth in Nigeria 

March 26, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions
  • 2023 Elections

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!