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AHCN Says Housing Is Key To Nigeria’s Economic Recovery

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Aminat Yahaya —

The President/Chairman of Council, Association of Housing Corporations of Nigeria, (AHCN), Dr. Victor Onukwugha last weekend called on the government – federal and state to pay greater attention to the provision of affordable housing to the country’s growing population as a way of stemming the nation’s slide into economic recession through job creation.

Onukwugha disclosed this at a media briefing as part of activities to commemorate the 2022 edition of the World Habitat Day with the theme: “Mind the Gap. Leave No One and Place Behind,” in Abuja, the Nigerian capital.

He said Nigeria’s Housing challenges are surmountable if we are all ready to engage holistic approach to salvage the sector from total collapse.

“Nigeria is bigger than any individual or party affiliation; it is time to stop playing politics with the destiny of the people particularly the future of our youth and generation unborn, he said.


“It is pertinent to recognize that housing sector possess the most viable platform to rescue the nation from sliding into recession if approach pragmatically.


“The rising unemployment and inflation rates in the country calls for serious concern as to what the future holds for upcoming generation and this necessitate an urgent action.

“Housing sector has great multiplier effect on job creation and it has been tested and proven over time that a three bed room unit has potential to engage at least about 25 skilled and unskilled labour ranging from Architect, Engineer, builder, bricklayers, masonry, carpenter, food vendors etc.

“The roles of Housing corporations in all of these cannot be under estimated. If we must adopt and run with the theme of this year World Habitat Day – Mind the Gap. Leave No One and Place Behind”, we must wake up from our slumber and empower state housing corporations to get this job done for us.”

“Until deliberate attempt is made to address housing challenges of low and medium income group, housing deficit gap will continue to be on the increase while many people and places especially urban cities will also continue to be left behind.

“Therefore, if all the enumerated recommendationsabove could be carried out, housing sector will certainly play a pivotal role in economic recovery of Nigeria amidst total global fall from accruable income from crude oil”, he concluded.

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