Challenges to Nigerian Housing Policies

Challenges to Providing Affordable lodging in Nigeria By Akeju, Ajibola Andrew Economic Specialist US Embassy, Abuja Being a Paper Presented at the 2nd emergent Urban Africa Inter terra firmaal Conference on Housing pay in Nigeria, Held at Sehu Yaradua Center Abuja, October 17-19, 2007 Introduction Housing is one of the almost basic of human needs. Provision of houses by means of the creation of mortgages is interpreted for granted in directed countries; however, it remains a study challenge in developing countries, especially in sub-Saharan Africa. all told g all overnments in Nigeria since independence highlighted admit as a major priority. Unfortunately for over 47 years of its independence, Nigeria is yet to develop a vibrant mortgage market and houses continue to be provided through the tortuous traditional method of buying land and building over some years, which could be an individuals entire life time. In many cases such buildings are left uncompleted or individuals give way to deplete their entire life savings in social club to build a home. One of the major housing polity initiatives was the Policy on Affordable Housing that was initiated in 1979 by the Shehu Shagari Administration.

The policy though laudable was unable to meet the nations housing needs because it was based on the unsustainable dogma that houses will be provided by government (this remains the anomaly that we must resolve). The implementation of the 2002 housing policy reforms was a promising beginning, unless a lot remains to be done. In a recent news report on the Nigerian Housing Sector aired on African Independent Television (AIT), it was utter that between 1973 and 2006, the Federal Housing Authority (FHA) built only 30,000 housing units nationwide. According to Mr. Tunde Ipinmosho of the Federal Housing Authority (FHA), the current housing shortage is about 12 million homes. If we take the current population of one hundred forty million Nigerians as reported by the National state Commission after last years census... If you want to get a full essay, order it on our website: Orderessay

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