Fg plans new strategies to tackle housing deficit
Here's a draft of a press release:
FG Plans New Strategies to Tackle Housing Deficit
Abuja, Nigeria - The Federal Government has announced plans to implement new strategies to tackle the country's housing deficit, which currently stands at over 17 million units.
According to the Minister of Works and Housing, Mr. Babatunde Fashola, the government is committed to addressing the housing needs of Nigerians and has identified several key areas that require attention.
"We recognize that housing is a critical component of human development and a key driver of economic growth," Mr. Fashola said. "Therefore, we are committed to implementing policies and programs that will increase the supply of affordable housing in the country."
Some of the new strategies being considered by the government include:
- Affordable Housing Initiative: The government plans to launch an affordable housing initiative that will provide low-cost housing options for low-income earners. This will be achieved through a combination of public-private partnerships and government subsidies.
- Housing Finance Reform: The government is also planning to reform the housing finance sector to make it more accessible and affordable for Nigerians. This will involve the establishment of a new mortgage refinancing company and the introduction of new mortgage products.
- Urban Planning and Development: The government is committed to improving urban planning and development in the country to ensure that cities are designed and built in a way that is sustainable and inclusive.
- Community Development: The government is also planning to invest in community development programs that will provide housing and other essential services to marginalized communities.
- Public-Private Partnerships: The government is committed to partnering with the private sector to deliver housing projects and provide affordable housing options for Nigerians.
"We believe that these new strategies will help to address the housing deficit in the country and provide affordable housing options for Nigerians," Mr. Fashola said. "We are committed to working with all stakeholders to achieve this goal."
The government is currently working on the details of the new strategies and is expected to launch the Affordable Housing Initiative in the coming months.
Contact: Ministry of Works and Housing Abuja, Nigeria Phone: +234 9 461 0000 Email: [email protected]