This group also raised concern that despite N65 billion released to Family Homes Funds Limited between 2018 and 2020 to facilitate the development of affordable/social homes, most of them are yet to be subscribed by low-income earners.
This was followed with implementation of Nigeria Economic Sustainability Plan 2020, which planned to provide 300,000 social homes yearly for low-income earners to address the over 22 million housing deficits with a yearly growth rate of 20per cent, according to Shelter Afrique, a Pan-African Real Estate Finance Institution.
The report further stated that macroeconomic conditions in Nigeria are the greatest impediments to affordable housing. He said: “We have analysed the performance audit report on management of resources for the provision of affordable/social homes for low-income earners in Nigeria conducted by the Auditor-General for the Federation and highlighted challenges impeding acquisition of 1,432 homes built in five states.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.