WITH 17million deficit in the sector still unmet, experts are calling for a new policy that would speed-up housing delivery through regeneration, and tailored towards effective demand of the nation’s various income classes and economic groups. They also recommended that the retirement savings of workers should be used to fuel a surge in house building in the country, while current activities of housing delivery agencies need to be integrated into a holistic delivery framework. The submission was made by the Managing Director, CMB Building Maintenance and Investment Company Limited, Mr. Kelechukwu Mbagwu and the Director, Centre for Housing Studies, University of Lagos, Prof. Timothy Nubi during the opening of a two-day workshop for researchers and lecturers, organised by the centre on the theme “Contemporary Issues in Teaching, Learning and Practising Housing. Mr. Mbagwu, who chaired the ceremony, said the national housing policy should be overhauled to make it more proactive.
It’s time for government to look for new ways to reinvent the will and housing has been tried and proven as a sustainable means, if government can boost housing construction and infrastructure, they will not only be encouraging the recovery of the economy, but providing a very basic need.” He also announced a donation of N5 million and scholarships to enable the centre equip policy makers, lawmakers, formal housing providers and potential housing providers with the appropriate education specifically targeting profitable, affordable housing provision.
The Centre pioneers new ways of housing provision and management, reviews current and emerging practice in the housing industry and support those who have the responsibility for proffering policies to manage the housing situation in Nigeria.
Mbagwu urged private developers to tap into offshore funding for a single interest rate as Nigerian banks can’t provide the need support in housing development.
He further recommended that research endowment funds and competitive funds should be established to promote institutional and individual research on competitive basis, based on agreed criteria and a transparent system of selection, monitoring and evaluation. Such funds should be available for faculty in both public and private institutions to promote multi-disciplinary synergies.