The chairman of the House Committee on Housing and Habitat, Hon. Abdulmumin Jibrin, along with other lawmakers, has endorsed an annual allocation of N500 billion to support the Renewed Hope Cities and Estates programme.
This decision follows a proposal by the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.
During an oversight visit to the Federal Ministry of Housing and Urban Development in Abuja, the committee’s chairman, Hon. Abdulmumin Jibrin, assured the minister of their unwavering support in achieving the ministry’s housing development mandate.
Arc. Dangiwa highlighted the longstanding gap between the country’s housing needs and budgetary provisions, noting that Nigeria requires an annual increase of 550,000 housing units over the next decade, necessitating about N5.5 trillion per year.
He emphasised the importance of government involvement alongside public-private partnerships to address this deficit.
“In 2023, we received N100 billion in the supplementary budget, and N80 billion in 2024, which is far from sufficient,” Dangiwa stated.
He urged the committee to consider a minimum annual allocation of N500 billion, describing it as a profitable investment rather than free money, with anticipated returns and economic benefits.
The minister underscored the transformative potential of housing development, linking it to economic growth, job creation, and national security.
He also detailed the Ministry’s achievements since his appointment in August 2023, including the initiation of 6,612 housing units across 13 states and the Federal Capital Territory, with most units expected to be completed by the end of 2024.
Despite initial plans to build 500 units in each of the 30 states, budgetary constraints have limited this to 250 units per state.
Other initiatives include slum upgrade and urban renewal programs in 26 locations and the formation of task teams to enhance housing delivery, implement land reforms, and establish building materials manufacturing hubs across the country’s six geopolitical zones.
Hon. Jibrin further voiced strong concern over the rampant building collapses plaguing the country, highlighting the devastating loss of lives and property.
He issued a stern directive to the Ministry of Housing to ensure that architectural regulatory bodies are fully operational and to enforce stringent measures to eradicate the menace of building collapses nationwide.
READ ALSO: We Have Accepted N70,000 Minimum Wage – Labour Leaders
Source: TheNigeriaLawyer
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984
For More: Subscribe to Ujuayalogusblog.com
No comments:
Post a Comment