FG, states abandon social housing scheme amid

The federal and state governments may have abandoned the social housing scheme, which is part of strategies for the provision of houses for low-income earners due to high rate of inflation and construction costs.

However, most of the housing units built by subsequent governments are profit-oriented and largely for middle-income, high income earners and mostly unaffordable to low-income earners. Regrettably, many Nigerians are paying more rent than they could afford, and many are left without homes. The cost at which the government sells its property is as high as the cost of those developed by the private sector, who have become the most active providers of houses.

It was approved by the Federal Executive Council, supported by the Central Bank of Nigeria and targeted at providing 300,000 low-income houses, as well as creating 1.8 million jobs in the process. Adebowale, a former Head of Department, Estate Management and Valuation, Federal University of Technology, Minna, Niger State said: “When you talk about social housing, we talk about providing housing for the people without adding profit. If you recall during the Shagari era in the 1980’s, we had social housing at that time because of the oil boom.

He said the resources coming from the Federal Government seem inadequate for maintenance of infrastructure.”In other climes, public officers pay for living in government houses, but it is a different case here. The government pays for everything and allowances are huge.

Source: Real Estate Daily Report (realestatedailyreport.net)

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