Housing refers to a place where people live like a house, flats or compound.
Affordable living means having enough resources to meet basic needs like food, shelter, clothing and healthcare with out financial strain.
Nigeria affordable living often involves access to
Decent housing
Clean water
Electricity
Federal Government of Nigeria initiatives
The federal Government of Nigeria has launched several initiatives to address affordable living standards, which includes the following
Renewed Hope Housing programme
This is drives to deliver affordable housing units across the country with participating states committing to deliver at least 1000 housing units per annum
National social housing programme
These programme is targeting low income earners with plans to construct 300000 Affordable homes nationwide
National Housing fund programme (NHF) this provides loans at subsides rates to enable Nigeria purchased homes nationwide
MOFI real estate investment fund
A 250 million naira initiatives often to finance low cost and long term mortgage financing .
Unified Housing delivery framework
This strengthen collaboration between federal and state Governments to deliver housing at scales
Federal Housing Authority projects
This is the mass housing projects in Abuja, Calabar and Yenagoa selected locations in Nigeria
National Housing programme offers home ownership and rental schemes for Nigeria both in urban and rural areas
Other suggestions
Enhance mortgage financing
Improve access to affordable mortgage loans, government and private developers to increase housing supply and reduce costs
Public – private partnerships
Foster collaboration between government and private developers to increase housing supply and reduce costs
Land allocation and administration
The government should allocate land fur affordable housing projects simplify land registration processes and ensure secured tenures
Housing scheme
Implement rental schemes co- ownership scheme and house improvement programs to cater for the diverse housing needs
Regulations framework
Strengthen institutions, enforce building codes and strengthen regulations to support affordable housing development
Rural development
Focus on rural housing ,provide training opportunities and promote economic activities to improve living standards
Funding fiscal incentives by subsides and grants for development to low income households
In conclusion with the renewed hope agenda of APC administration in Nigeria there will light at the end of the tunnel towards housing and affordable living in Nigeria.
– Benjamin Ibrahim writes from Lokoja, Kogi state.
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