8/7/13

The National Housing Fund: An Assessment And Related Issues

Home

About Us

Products & Services Data & Statistics

Knowledge Centre Building Materials info

News Center Did You Know?

Login

Contact Us Glossary

Professional Courses

Editorial

The National Housing Fund: An Assessment And Related Issues

Written by Propertygate Rate this item Published in Editorial
(0 votes) Friday, 25 March 2011 16:31

Be the first to comment!

font size

Email

Print

Nigeria is the most populous black nation in Africa. With a population at over 150 million the nation faces acute shortages in dwelling units, causing overcrowding, poor living conditions and high rent especially in the countries urban centres. In a bid to curb the growing shortfall in housing noticed after the 1991 population census, the Federal Government established the National Housing Policy
Decree Number 3 of 1992, which in turn gave birth to the National Housing Fund. The incumbent government of the time realized that there were severe challenges in the area of qualitative and quantitative housing provision as well as infrastructure provision. The aim of the fund is to, through contributions by the government, civil servants, private sector and their employees, pool resources which could be used to provide workers with access by way of mortgage to fund low cost housing acquisition. The fund was also targeted at providing mass low cost housing development in the nation for the masses. Alas the noble vision of this scheme is far from being achieved. Housing conditions in the nation have further and furiously deteriorated. Sadly the fund in itself only focused on housing finance whereas there are a number of critical issues which need to be addressed before a successful housing system can be implemente Policies, land provision and availability; public infrastructure, cost of construction materials, design and labour all need to be factored in to create a workable housing provision model. Beside the Land Use Act which, by some of its provisions, is an impediment, poor to non-existent public infrastructure remain a major challenge to housing deliver The National Housing Fund even at top level of efficiency, cannot, as a standalone, deliver on the vision of decent housing for the mass of our nation. We must begin to sincerely address all the various relevant integrated issues that will enable the emergence of a sustainable mass housing delivery model. Read 300 times
Like 0

Last modified on Sunday, 17 March 2013 22:13

Tw eet

Tagged under Nigerian population swell housing shortfalls low cost housing mass development housing provision construction materials land provision and availability Land Use Act National Housing Fund National Housing Policy Federal Government

Related items
Social Housing: Hope For Low-Income Earners As FCTA Allocates Land FG Dares Bi-Courtney To Go To Court Quantity Surveyors Canvass Passing National Housing Policy Into Law Lagos Architects Gather Stakeholders Over Urban Mass Housing The Concept of Non-Mortgage Housing Finance More in this category: Curtain On Mortgage: Implications For Real Estate Real Estate Market vs. Capital Market

Leave a comment
Name * enter your name... Email * enter your e-mail address... Website URL enter your site URL... Enter the two words you see below Message * enter your message here...

propertygateplc.com/index.php/knowledge-centre/editorial/item/230-the-national-housing-fund-an-assessment-and-related-issues

1/2

8/7/13

The National Housing Fund: An Assessment And Related Issues

Type the text

Privacy & Terms

Submit comment

Copyright 2013 Propertygate. All Rights Reserved.Designed by Cache-IT

Home

Contact Us (2)

Scroll to Top

propertygateplc.com/index.php/knowledge-centre/editorial/item/230-the-national-housing-fund-an-assessment-and-related-issues

2/2