For the housing deficit in the country to reduce, the federal government have been advised to strengthen the Federal Mortgage Bank of Nigeria (FMBN) to take care of the Low Cost Housing, which are the most needed in the country.
Speaking at the 11th edition of the Abuja International Housing Show the Deputy General Manager (Joint Ventures) of the Lagos State Property Development Company (LSDPC), Adeola Olusodo noted that the federal government should ensure that the National Mortgage Refinancing Corporation (NMRC) to cater for the affluence.
“FMBN should be strengthened while they take care of the low cost housing, NMRC should be allowed to cater for the well to do.” He said.
He pointed out that at the moment the policies of the government does not provide for the first time home owners.
The LSPDC expert said that his organisation has redefined their role in the housing market. While commending the deliberations and the organiser of the Abuja International Housing Show, he stated that, “ we will relay the new innovations that are coming up in Lagos state to enhance housing delivery.
The 11th Abuja Housing Show is a convergence of stakeholders in the housing industry to deliberate on housing delivery in the country and incorporation of international best practices in Nigeria’s housing and construction sector.