Our Stand (29)
One could say that there were some good moments in 2020 and they were moments that were consumed by uncertainties like the corona virus pandemic that hit the globe, including inflation that led to hike of prices of goods and services.
The country got into recession in the space of two years, weeks after the lockdown was relaxed. Despite the economic hard times that came with these uncertainties, there is still hope for optimism.
From this perspective, we should be able to see past the chaos, fears that rocked the world and dear nation, including understanding what 2021 holds for the housing industry in particular.
Nigeria is blessed with diverse resources including its population size that can be used as an advantage because, providing the basic amenities while putting the population size of the masses into context, entails more provision of infrastructural facilities that can cater for their needs.
And with the momentum and appreciation that comes with the need for affordable housing today, the year 2020 and subsequent years calls for more hope, it promises to be a future when housing will outperform other economic sectors of the country.
We should remember that the economic activities were on a road to recovery before the first wave of Lockdown was imposed by the federal government while the fear of coronavirus took over the country.
However, with the recent formulation of the Economic Sustainability Plan by the Federal government that aspires to construct 300, 000 housing units, if this plan would be effectively implemented, then one need to be optimistic that there can still be light at the end of the tunnel. The future is still bright for the housing market.