INTRODUCTION
During the last Housing Summit, held in
Abuja on Monday, 27th June 2016, the Hon. Minister of Works, Power
and Housing, Mr Babatunde Fashola, SAN, in his Keynote Address, unveiled the
Fed Govt. Plan of Actions for the Housing Sector. The Hon. Minister disclosed a
Budget of about N36billion, an amount he admitted was inadequate. He hinted
that the implementation process is being reviewed, and that he’s working with his
Finance counterpart on “access to capital for housing construction and supply,
and also the financing of acquisition”. Specifically, he noted that the
Ministry is reviewing “some of our old methods for implementing the National
Housing Policy” adding, “while we may retain the initiatives with
modifications, we must develop something new and different that is useful for
reducing our housing deficit.”
Nothing could be more factual. We can’t
continue attempting to solve the same old problem, the same old way.