Vice-President
Yemi Osinbanjo has said that the Federal Government is working with
stakeholders to raise one trillion naira to provide affordable housing
for Nigerians.
The
vice-president spoke at the 22nd Nigerian Economic Summit in Abuja on
Tuesday where he chaired a Roundtable on Job Creation, Skills and
Employment at the summit.
He said that the proposed project would also help to create jobs.
Osinbajo said
that the job creation unit in his office had worked out a framework with
the Nigerian Economic Summit Group (NESG) to focus on three sectors to
create employment.
He listed the three sectors as construction, agriculture and information communication technology (ICT).
Under
construction, the vice-president said the Federal Government was trying
to work on a social housing programme, called the Family Home Fund.
“The Family Home Fund is a financial intervention into social housing in the country.
“We are trying
to raise a fund which will come to about one trillion naira; we have
aggregated fund from the private sector, local and international funds
already.
“The whole idea
is to be able to intervene in mortgage financing so that developers can
build special houses to the specification of the Federal Government.
“Already eight or nine states are giving land and certificate of occupancy for social housing scheme.
“The idea is that any Nigerian who can afford N30,000 should be able to own a house,’’ he said.
Osinbajo said
that there would emerge job creation opportunities as technicians,
engineers and skill workers would benefit from the scheme.
He said there would also be training opportunity from the scheme.
The theme of the summit is “Made-in-Nigeria’’.
The problem of
housing in Nigeria has been of interest to every administration and
official estimates suggest that more than 17 million houses are needed
to cover the country’s 180 million citizens.
Each administration has introduced a different scheme but the impact is not felt by the people.
Source: Sun News
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