News Column

'Inadequate Finance, Bane of Mass Housing in Nigeria'

July 10, 2014

Lanre Arotimi

The minister for land and housing, Mrs Akon Eyakanyi, has traced Nigeria's mass housing deficit to financial inadequacy and limited accessibility to unencumbered land.

She stated this on Monday in Esuk Odot, Odukpani area of Cross River State, during the brick-laying ceremony of Heritage Bricks Estate, a project facilitated by a member of the House of Representatives, Nkoyo Toyo.

While disclosing that the most important component in housing development is land, Eyakanyi said: "As you are aware, the constraining factors against mass housing in Nigeria are inadequate finance and unencumbered land".

The minister, who noted with delight the effort of Hon Toyo to provide her constituents with affordable houses, expressed her ministry's readiness to partner the estate developer.

"The Ministry of Land and Housing is proud to be associated with this project under its Public-Private Partnership (PPP) initiative for affordable housing provision", she hinted.

Speaking further, Eyakanyi said: "Through my ministry, we would provide a significant part of the enabling infrastructure such as roads, water and light in the estate".

Ealier in her opening remarks, Hon Nkoyo Toyo said her goal was to develop a modern and affordable housing complex for her teeming supporters.

To actualise this goal, she said a team of experts was constituted to design the housing estate with several accompanying facilities such as a nursery school, church, shopping mall, security post among others.

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Source: AllAfrica

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