Nigeria Local governments must do more to protect Nigeria’s housing market said the president of the Association of Housing Corporations of Nigeria (AHCN), Mohammed Adamu.
In a damming statement, Mr Adamu noted that despite all efforts by stakeholders towards reducing the country’s housing deficit, local governments had failed to live up to their responsibilities.
Mr Adamu added: “It is not an overstatement to state that local governments have failed in their housing responsibilities.
“With the current global economic crisis, it is imperative for our local governments to be proactive and embark on profitable ventures through strategic partnership and collaborative efforts with other relevant government agencies and serious private investors to enhance efficiency, productivity and business-like attributes that would attract other investors for the development of the housing sector and the economy.”
In Nigeria, politics is often money-orientated and for any leader looking to leave a positive mark on the country, they must be fully committed to the cause.
According to AHCN’s president, to really attract true investment, local governments must be ready to depart from the business norm, and ‘reduce politicking’ in projects execution.
One key area Adamu believes is Nigeria’s Achilles heel, is its rural housing market; in a research paper titled ‘Housing the rural populace: The local government option’ Adamu critiques that the delivery of houses should be institutionalised at the local government level, noting that: “The roles of local governments in housing delivery will continue to be on the increase as long as the population continues to rise and the supply of housing is unable to match the demand. Despite all the challenges prevailing in the housing sector, the housing market still has great-untapped potentials and local governments would continue to be tasked in view of the protracted problem of solving the housing needs of the people, especially the low-income group.
“For the housing sector to make a meaningful contribution to economic development and transformation, there must be a political will which will bring about discipline and commitment on the part of a government and all major stakeholders in the sector.”
Image Cred: Afrika news