The President, Association of Housing Corporations of Nigeria (AHCN), Victor Onukwugha at the recent 6th International Conference on Housing and Exhibition, tagged, Housing Africa, 2022, themed “Sustainable Housing Methods to Solving Housing Deficit in Africa” said the cost of housing is gradually getting out of reach of the people, especially the low-income earners.
Onukwugha also said that housing challenges in Africa seem to have defied all solutions.
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“Our major objective in the association is to make decent accommodation accessible to Nigerians at affordable cost and that, of course, is one of the reasons behind this conference, he said.
“The importance of housing to mankind cannot be underestimated and it is the second most essential need of man after food.
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“As important as housing is to mankind, the cost of housing units is gradually getting out of reach of people, especially the low income group.
“The global economic and political crisis does not spare any continent as the effects manifest in the rising prices of virtually everything. The prices of housing units are continually on the increase and unaffordable especially in developing economies where people are not adequately empowered to acquire houses”.
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“These problems range from lack of holistic approach to housing matters, lack of finance, high cost of building materials, high infrastructural development cost, implementation of policy direction and affordability challenges among others”, Onukwugha stated.
The AHCN president said diverse housing policies had been evolved and reviewed in the past, adding that despite all theories and ideas propagated and shared in many forums, the challenges of housing availability, accessibility, and affordability remain prevalent.
“Certainly, the housing needs of the people are enormous and opportunities abound in the construction and housing sector, but what are we doing with these opportunities amidst high demand without corresponding supply”? He asked.
