The Federal Government has inaugurated a 12 man ministerial committee to develop a blue print for affordable housing in the country.
In a statement signed by the Director, Public Affairs, Mr. Adedeji Ajibade, on behalf of Mr. George Ossi, the Permanent Secretary, Federal Ministry of Lands, Housing and Urban Development, weekend in Abuja, said government was concerned about the wide gap in the affordability of houses in the country.
He said that the delivery of adequate and affordable housing in Nigeria as enshrined in the 1999 Constitution is yet to meet the desired expectations which has resulted in inadequate stock as a minimum of one million housing units yearly was still being expected in order to reduce the deficit and avert a housing crisis by 2020.
Ossi said that about 600,000 housing units are currently being developed annually through the Public Private Partnership (PPP) arrangement, and another 240,000 affordable housing by the Federal Housing Authority, 240,000 low cost housing units under the prototype housing scheme as well as the development of new towns and cities in the states of the federation.
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