Login Register
feel free to call 09056000005

'Tinubu tackling housing deficit' – FHA director

The Executive Director of Projects Implementation at the Federal Housing Authority, Oluremi Omowaiye, announced that President Bola Tinubu’s administration is committed to building at least 50,000 houses across the 36 states of the federation within the next year to address the country's housing deficit.
 
Omowaiye made this statement at a retreat organized for the newly inaugurated executives of the All Progressives Congress, United Kingdom Chapter, held in Birmingham City. Presenting a paper titled ‘Tinubu’s Government is Tackling Housing Deficit,’ the former Osun State Commissioner for Works emphasized that Tinubu had directed the completion of these housing projects within one year.
 
A statement signed by Omowaiye and obtained by our correspondent in Osogbo read, “Mr. President has mandated us to build 50,000 affordable houses with flexible payment plans in the next year. The keywords are ‘affordability and long-term payment flexibility.’  “We are focusing on affordability and are taking measures to reduce the cost of building without compromising safety and standards,” Omowaiye added. He noted that the agency is diversifying heavily into clay brick building, which is commonly used in the UK for construction.
 
“Since clay is readily available in most parts of the country, we are diversifying into clay brick building to bring down construction costs. We are collaborating with academia on this. Our research unit in the Oyetunde Ojo-led Federal Housing Authority is working diligently on how to effectively use locally sourced materials for our housing projects,” he concluded.
 
Nigeria has a deficit of 28 million houses and will need N21 trillion to meet its housing needs, according to Vice President Senator Kashim Shettima in 2023.

Similar Topics

Member States of the United Nations Human Settlements Programme (UN-Habitat) have endorsed a new...

29 days ago Read More

Nigeria Enters a New Tax Era Come January 2026, Nigeria’s property market will experience a...

a month ago Read More

Improved Security and Diaspora Capital Drive Rebound The housing sector in Nigeria’s...

a month ago Read More

The Lagos State Government has announced that night-time repair works will take place on Ozumba...

2 months ago Read More

The Federal Government has suspended all previously approved, pending, and prospective applications...

3 months ago Read More

The Federal Government has successfully mobilised more than N70 billion in private capital...

3 months ago Read More

The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA),...

5 months ago Read More

The Federal Government has expanded the Abuja-Kaduna-Kano Road project to incorporate a direct...

6 months ago Read More

The Federal Capital Territory Administration (FCTA) has taken possession of Wadata Plaza, the...

6 months ago Read More

Defaulters on FCT ground rent now have 14 days grace to pay up what they owe the FCT Administration...

6 months ago Read More

Unprofessional practices by estate agents in major cities are significantly influencing the spike...

6 months ago Read More

A Real estate development firm, Lifecard International Investment Company, has revealed that many...

7 months ago Read More

Despite a fall in investment volumes from the 2021 peak, there is an ongoing desire for property...

7 months ago Read More

The Lagos State government has advised the leadership of the Nigerian Institution of Estate...

7 months ago Read More

Real estate market dynamics such as construction cost, land, finance, government policies and taxes...

7 months ago Read More

Event Set to Celebrate Managers Who Shape Careers and Drive Organizational Growth   Business...

8 months ago Read More

Global Leaders to Converge in Lagos for Landmark Event Driving Urban Innovation and...

8 months ago Read More

In a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...

8 months ago Read More

Industry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...

8 months ago Read More

LAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...

9 months ago Read More