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27 States Have Donated Lands for Mass Housing – Babatunde Fashola

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Babatunde Fashola

Babatunde Fashola (R)

The Minister of Power, Works and Housing, Babatunde Fashola says 27 states have provided the ministry with land on which to build houses for the masses.

Fashola told newsmen in Lagos on Friday night that the government had to lay the structure and establish a system before calling for private participation in the housing sector.

He said that most of the building materials to be used would be sourced locally to fast-track growth and reduce unemployment.

“If we achieve what we are planning, we would have built a system; if it becomes enduring like the new pension scheme, the better. When acceptability has set in, the private sector can be called in,” he said, adding that the Federal Mortgage Bank would play a significant role in providing funds.

Fashola said the socio-cultural needs of each geopolitical zone would be considered in arriving at what architectural designs to choose for a particular town.

He said that the targeted group would be civil servants on levels eight to 15 and their contemporaries in the private sector who would spend an agreed number of years to pay for the houses.

According to the minister, once successfully established, it will be built on by successive administrations at all tiers of government and the private sector.

3 Comments

  1. EE

    November 12, 2016 at 4:41 pm

    Things like this trigger a battle between my Libertarian instincts and Catholic training. Not like my pointing out this is likely a poorly thought-out idea will change anything.

    Lobbing this in the wind I know, but anybody else wonder which would be more economically beneficial. The duplexes we currently term “mass housing”, built often by margin efficient foreign contractors or wooden houses constructed via a more decentralized system?

    Writing to myself, ain’t I. Back to where the drama is.

  2. Ijs

    November 12, 2016 at 4:54 pm

    Mr Fashola is doing a great job as usual and I hope he’s our next president but sir I hope that these houses will be made available to the masses like Festac 77 when Nigeria was working. Not that the houses will be given out to the rich and connected for the poor to let from them. Also this power thing is the most obvious problem in Nigeria. If we can all have 247 light regardless of the cost, buhari will not have to campaign to be reelcted

  3. Alexander Joseph

    November 12, 2016 at 5:52 pm

    Honorable Minister. Since Nigeria has no money. Where is Nigeria going to get all the money required to develop and build all those houses? Borrow that money too? This is primarily the reason why the value of the Naira will continue to go under, while the value of the almighty Dollar will continue to skyrocket. The only solution to Nigeria’s economic problem is for our leaders to cut our Coat according to our Clothes. Stop all this Borrowing nonsense. Stop mortgaging the futures of our children’s born and unborn. Word.

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