Login Register
feel free to call 09056000005

Housing Access Limited for Policemen, Reports Mortgage Bank CEO

Femi Adewole, CEO of Cooperative Mortgage Bank Ltd., revealed that out of roughly 340,000 policemen in the nation, only 30,000 have housing provisions. Adewole shared these details during the inaugural Nigeria Police Housing Summit in Abuja, themed “Renewed Hope for Police Housing in Nigeria.”
 
He emphasized the need for a clear, transparent, and affordable housing policy that benefits the police force. The summit is set to be an annual event aiming to devise strategies to ensure police officers have access to affordable and suitable housing.
WhatsApp-Image-2024-03-24-at-12.52.11-PM-860×850
 
Adewole highlighted the necessity of a long-term housing strategy for the police, taking into account that a significant portion, 70%, earn a low income. He calculated that building 10,000 homes annually would still require 30 years to meet current housing needs, not accounting for any increase in police numbers.
 
"There must be a detailed payment strategy outlining the financing sources for these homes," Adewole stated, stressing the importance of affordability and financial transparency in the housing plan.
Dr. Yemi Adelakun, Managing Director of the Nigeria Integrated Social Housing Cooperative Society Limited, linked the housing of police officers to improved public safety, suggesting that a well-housed police force is more likely to be motivated and effective.
 
Inspector General of Police, Kayode Egbetokun, also spoke at the summit, mentioning the government's commitment to bettering police officers' living conditions as part of a broader agenda to boost morale and effectiveness.
 
Read also:
In addition, the Federal Mortgage Bank of Nigeria announced its support through a N100 billion off-taker guarantee aimed at fostering affordable homeownership across 100,000 units within the Renewed Hope Cities and Estates Programme.

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