₦airaland Forum

Studies show that about 75 per cent of the houses in Nigeria are substandard, the Vice President, Prof. Yemi Osinbajo, said on Monday.

Osinbajo, who stated that though efforts were being intensified to make decent homes available for Nigerians, access to funds had remained a challenge.

He disclosed this during his address at the ongoing Africa International Housing Show 2022 in Abuja.

The Vice President, who was represented at the show by the Managing Director, Family Homes Funds, Femi Adewole, said, “Access to affordable housing is a major challenge that remains substantially unsolved in Nigeria.

“Although there is no shortage of policies and programmes that have been enacted by various governments to tackle this problem, effective implementation remains a persistent dilemma.

“Our housing challenge in Nigeria presents itself in two primary forms. We have the issue of inadequate housing supply to meet the needs of a rapidly growing population, most significantly for people on low income and young people.”

He added, “Secondly, a large proportion of our existing stock are substandard housing which do not meet widely accepted standards of habitability.

“According to a study by PWC, about 75 per cent of the 42 million housing units we have in Nigeria, which is about 31.6 million of them were substandard.”

Based on the above, the Vice President stated that Nigeria had problems of creating new homes and the problem of actually addressing the substandard nature of a significant number of the units across the country.

“These challenges continue to deepen with increasing social and income inequalities in our society. At the extreme, many households are faced with the dilemma of survival between food and adequate shelter,” he stated.

Osinbajo added, “This is not congruent with this administration’s vision for a better Nigeria where even the weakest among us will have the dignity of decent homes.”

He, however, noted that the government was tackling the housing challenge very seriously.

He said, “Over the last seven years, across different areas of government, a number of important initiatives which have the potential to enable us meet these challenges successfully going forward are being put in place.”

Identifying one of such initiative, Osinbajo said, “The government continues to support the Nigerian Mortgage Refinance Company originally established in 2015, with its guarantees enabling it to access the capital market competitively to refinance mortgages.”

https://punchng.com/75-of-houses-in-nigeria-are-substandard-osinbajo/?

A lot of houses in Abuja are abandoned. Fct needs to do something meaningful... High cost of living is everywhere.

He's right, we have Jerry built houses everywhere

Standard Organisation of Nigeria has alot of work to do.

Great assertion, good speech by Family home boss who represents the VP.

If not more.. who gives a fvck about government approved building plan anymore

Cements are now of inferior quality, same as steel rods

Visit colonial building or early post independence building, like Mapo Hall, University of Ibadan, NTA Ibadan or Cocoa house and go and check the thickness of walls and concrete used



.

How did APC miss this man and gave it's ticket to that gollum.
Nigerian is doomed.
The only thing left is to rescue Nigeria form the demonic party and their devilish Muslim Muslim agenda if not kaduna, Jos, benue,owo will be a child's play

ok you don come bak abi u don start ur speech as always....


Goan start destroying the house Like El-Rufai and Soludo den mak 75percent people dey homeless

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Moh247:
If not more.. who gives a fvck about government approved building plan anymore

Cements are now of inferior quality, same as steel rods

Visit colonial building or early post independence building, like Mapo Hall, University of Ibadan, NTA Ibadan or Cocoa house and go and check the thickness of walls and concrete used



.

true my sweetheart

I don't believe this.
It should be 85-90%.

yomi961:
How did APC miss this man and gave it's ticket to that gollum.
Nigerian is doomed.
The only thing left is to rescue Nigeria form the demonic party and their devilish Muslim Muslim agenda if not kaduna, Jos, benue,owo will be a child's play

This is just hyping abeg,osibanjo is one and same with tunubu and Apc
What are those things you would point as his achievements when he leaves?

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inoki247:
ok you don come bak abi u don start ur speech as always....


Goan start destroying the house Like El-Rufai and Soludo den mak 75percent people dey homeless

But if na Obi, na fact . Even with fabricated figures

What have done about it in 7 years?

I just can't understand why a sitting VP is behaving like an analyst.....just get the job done

Prof Osinbajo all these are due to corruption in every area of Nigeria

TheRareGem1:
But if na Obi, na fact . Even with fabricated figures

Lol wetin be my own dey ar both in the same WhatsApp group always talking like a Motivational speaker and also bringing different type of figures....

Osibanjo has been rendered politically useless by APC and Tinubu urchins.

Abeg get your PVC and let's vote massively for peter Obi come 2023! Together we can get it right this time around. Vote for peter Obi come 2023!!

He is very right, this issue needs to be addressed immediately. We really hope a solution is found ASAP

The Vp is right, no wonder we have a lot of collapsed buildings everywhere. There should be good policies surrounding building in Nigeria, enough of substandard buildings.

first of all he was represented at the event. Secondly there's a context to this headline and we should all endeavour to read the body of a news article before going crazy on it.

He is still useful and will remain ever relevant for years to come, more than your generation will ever be.

GudHardDick:
Osibanjo has been rendered politically useless by APC and Tinubu urchins.

Abeg get your PVC and let's vote massively for peter Obi come 2023! Together we can get it right this time around. Vote for peter Obi come 2023!!

Janetudeh:
He is still useful and will remain ever relevant for years to come, more than your generation will ever be.

Buhari will handle security
Osibanjo will handle economy.

Brain dey pain you? This is exactly how those two cowards deceived people like you.

I no say You no get PVC. You better go and get your PVC and let's vote massively for peter Obi come 2023! Together we can get it right this time around. Vote for peter Obi come 2023!!

I'm with Osinbajo anyday , anytime!

This explains the rot in every sector and the system as a whole.

I stand with Osinbajo

The government continues to support the Nigerian Mortgage Refinance Company originally established in 2015, with its guarantees enabling it to access the capital market competitively to refinance mortgages.

Standard Organisation of Nigeria has alot of work to do. Osinbajo representative is right

VP Osinbajo remain the best �

I will always stand with Osinbajo.