The federal government has identified a lack of access to affordable housing finance as one of the major causes of the housing deficit in Nigeria, saying that 80 percent of the citizens cannot afford a mortgage as a measure to get home.stated this in his keynote address at the opening of the maiden Kaduna International Housing Exhibition, held at Umaru Musa Yar’Adua Hall, Kaduna on Monday, July 1.
“In fact of the 43 million households, over 85% have less than N1.1 Million Purchasing Power. Of this 40% fall into the low-income group. Arc. Dangiwa explained that, under the NSHF, the federal government is aiming to pull funds from the government budget, philanthropic organizations, and well-meaning Nigerians towards providing decent shelter for Nigerians with no income, low income, and vulnerable brackets who simply cannot afford to own their homes.According to him, “Some of these units will be delivered at no cost. We have developed the concept note that is undergoing review.
Earlier in his address, Governor Uba Sani who was represented by his Deputy, Dr. Hadiza Balarabe said the provision of affordable houses for Kaduna State citizens was a key priority of his administration and committed to addressing the housing deficit across the State in line with President Bola Tinubu’s Renewed Hope Agenda.
“The Social Housing Scheme was introduced to provide affordable accommodation as a social service for the vulnerable populace . Efficient design and construction methods, which are key indicators that drive the affordability target of the scheme, were employed,” he said. He also said that KSDPC was set to embark on certain key housing and housing infrastructure projects, including the Ultramodern Mechanics Village for the Eastern Sector of the Kaduna metropolis, featuring an Electric Vehicle Assembly Plant, CNG Conversion Stations, EV Charger Manufacturing, and strategically located EV charging points, A 5-star Hospital with Doctor Quarters.