Presidential candidates state positions on way forward for sector
By Nsikan Ikpe
Presidential candidate of the Alliance for New Nigeria, ANN, Mr Fela Durotoye has pledged to declare a state of emergency on the parlous state of Affairs in Nigeria’s housing sector if he is elected into office as President.
The candidate made this disclosure at the Presidential Summit on Housing convened by the Roland Igbinoba Real Foundation for Housing Development in conjunction with the University of Lagos and other stakeholders on Saturday.
Other candidates who disclosed their plans for the sector at the event included Kingsley Moghalu of the Youth Progressive Party, YPP, Omoyele Sowore of the African Peoples Party and Oby Ezekwesili of the Action Congress Party of Nigeria, ACPN.
Nigeria, with an estimated population of 186 million people, is said to have an housing deficit running into a whooping 16 million homes at the moment.
Analysts trace the crisis in the sector to a combination of factors ranging from poor land titling processes, high costs of land and building materials, the absence of an accessible and affordable mortgage regime and the generally low purchasing power of the average Nigerian.
Mr. Fela Durotoye, ANN presidential candidate