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Home Economy/Technology

Nigeria requires N21trn to bridge housing deficit

Houses

The Matters Press by The Matters Press
September 11, 2023
Reading Time: 1 min read
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New homes for displaced persons in Borno excites Buhari

Sokoto (Sokoto State), Sept. 11, 2023: The Vice President, Kashim Shettima, says Nigeria requires N21 trillion to effectively bridge housing deficit, despite efforts across the three tiers governments.

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The Vice President stated this on Sunday in Sokoto at the ground-breaking for the construction of a 500-unit Housing Estate by the State government.

Shettima, who commended Gov Ahmed Sokoto for his efforts to address the housing needs of his people, noted that the housing deficit in Nigeria remained a huge challenge.

” Nigeria has a deficit of 28 million houses and we will need N21 trillion to meet our housing needs. This step taken by the Governor is highly commendable and worthy of emulation by other State governments.

” The governor has started well by completing the roads and flyovers he inherited,” he added.

Earlier, the governor explained that the housing estate would be for civil servants and would be sold to them when completed on an owner-occupier basis.

“This is a project that was initiated by the former Governor of the State, Aliyu Wamakko but was later abandoned by the immediate past administration but we are determined to complete it for the benefit of our workers and the general public.”

He disclosed that the project located at Wamakko Local Government Area of the State will cost the State government N7.3 billion to complete.

The event which was to mark 100 days in office by the administration was attended by Sen. Aliyu Wamakko and the Minister of Agriculture and Food Security, Sen. Abubakar Kyari.

Others were the Minister of State, Water Resources and Sanitation, Alhaji Bello Goronyo and Former Deputy Governor of Sokoto, Mukhtari Shagari, among others.

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