Abuja – December 05, 2023 – Viewpoint Housing News.
The federal government has urged for more private sector involvement in the construction of homes in order to minimize the industry’s deficit.
The government’s new housing and urban development initiatives, according to Minister of Housing and Urban Development Ahmed Dangiwa, require private sector engagement to address the nation’s housing deficit. Dangiwa recently oversaw the groundbreaking of a 480-housing unit project in the Kukwaba neighbourhood of Abuja.
Phases II and III of the company’s Kukwaba housing project are covered under the Citygate Homes project. The 480 dwelling units consist of 4-bedroom apartment complexes and 6-bedroom semi-detached duplexes.
The event, according to Dangiwa, made a major contribution to the ministry’s ongoing efforts to alleviate the nation’s housing shortfall.
The government’s objective for sustainable urban development is in line with the initiative Citygate Homes adopted and this project is an example of how partnerships may lead to significant change and support the advancement of our country. It also represents the combined efforts between the public and private sectors.
“It is our joint duty to meet this need for housing in a city that is expanding quickly like Abuja. He stated that in addition to offering accommodation, this housing project will boost employment, encourage economic growth, and greatly improve the surrounding area.”
The minister assured that the government will continue to provide the enabling environment for private-sector investment to thrive, and urged them to embrace sustainability, inclusivity, and affordability in their housing and urban development drive.
Dangiwa said: “This housing project will not only provide shelter but will also create job opportunities, stimulate economic growth, and contribute significantly to the enhancement of the local community.
“Furthermore, it is imperative that our housing projects incorporate eco-friendly designs, embrace technological advancements, and cater to the diverse needs of our society, including the low- and medium-income earners.
He called on the company to allocate a certain percentage of the 480-homes as affordable housing with price tags that average Nigerians can afford. The minister wants property developers to borrow a leaf from the ministry, which has recently designed a housing plan to create integrated communities with housing types that reflect the diverse income segments of the country, using cross subsidies.
“This way we aim to sell high-end homes at market rates and deploy the profits towards subsidising the units for low-and-medium-income households. This enhances inclusivity,” he added.
He further urged the management to ensure timely execution of the units, while upholding the highest building codes and standards, as well as operating transparently.