By Emmanuel Nduka
Nigeria’s Vice President Kashim Shettima has disclosed that the country requires N21 trillion to address its housing deficit.
The VP stated this while speaking during the ground-breaking of a five-hundred-unit housing estate to be constructed by the Sokoto State Government.
Shettima also noted that Nigeria has a housing deficit of 28 million houses, a statement by Olusola Abiola, Director in the Office of the Vice President, said.
The project commissioned by Shettima which is located in the Wamakko Local Government Area of the state, will cost N7.3 billion, according to the state government.
The housing estate will be for civil servants and will be sold to them upon completion on an owner-occupier basis.
The combination of a growing urban population, lack of an efficient mortgage system, poverty, increasing construction costs, high inflation and declining household income, have made access to decent and affordable housing difficult for many Nigerians.