Chuka Odom, Nigerian Minister of State for Environment, Housing and Urban Development, on Tuesday in Abuja said about 70 percent of Nigerians were not properly housed, reported the News Agency of Nigeria.
Odom said that the country's housing deficit stood at 16 million units, adding that the Nigerian federal government had articulated a new set of laws to facilitate the involvement of the private sector in housing programs to address the deficit.
"The government has developed a template to encourage the active participation of the private sector in the construction of residential houses," he said.
According to the minister, all existing laws in the sector are undergoing review, including the land use act and the cumbersome processes of acquiring Certificates of Occupancy and titles.
Odom pointed out that a legislative environment that was not investor-friendly would discourage investment.
He said the process of obtaining Certificates of Occupancy and other land titles in the states had become more expensive than the cost of land itself.
The minister said the challenges facing the housing sector had been with the nation for decades, adding that the review of the National Housing Policy was last done in 1991, noting that the focus in the past was responsible for the partial success recorded in the implementation in of the National Housing Policy.
Source:Xinhua
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