feel free to call 09056000005

FG urged to declare state of emergency in housing sector

The Housing Development Advocacy Network (HDAN) has urged the Federal Government to declare a state of emergency in the real estate sector due to the escalating housing crisis in the country.
This appeal follows the recent discovery by the Lagos State Government of makeshift apartments under the Dolphin Estate Bridge in Ikoyi, Lagos.
 
Stocks is the best option to invest. Where to Invest concept, Investmets newspaper with loupe and marker. stock photo
 
In a statement, HDAN called on President Tinubu's administration to adopt a more pragmatic approach to the nation's housing issues. The group highlighted that these under-bridge apartments consist of 86 partitioned rooms, measuring '10×10 and 12×10' feet each, with occupants paying an average annual rent of N250,000. HDAN emphasized that this situation reflects the broader housing deficit in Nigeria.
 
HDAN pointed out that the economic downturn has intensified the housing crisis, forcing citizens to endure harsh living conditions. The group also criticized the numerous bureaucratic obstacles that estate developers face when seeking building approvals, including multiple payments that hinder the provision of affordable housing. This, HDAN suggested, leads many developers to resort to evasive measures to cut costs.
 
HDAN urged the Lagos State government to create a more supportive environment for estate developers. The organization stressed that the fact that people are now living under bridges starkly illustrates the country's severe poverty and housing challenges. HDAN called for urgent government intervention to address this crisis and ensure citizens have access to decent living conditions.
 
Source: PunchNG

Similar Topics

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

18 days ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

18 days ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

19 days ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

28 days ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

28 days ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

a month ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

a month ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

a month ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

a month ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

a month ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

a month ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

a month ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

a month ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

a month ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

a month ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

2 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

2 months ago Read More

Ahmed Dangiwa, minister of Housing and Urban Development, has said that unlocking Nigeria’s...

2 months ago Read More

Experts in the built environment have emphasized that effective urban planning and infrastructure...

2 months ago Read More