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‘Housing development can gross 1m jobs’

By Yinka Kolawole
Investment in the development of mass housing in Nigeria will facilitate the creation of over a million direct     and indirect jobs, thereby stimulating the economy of the country.

President_General, Trade Union Congress (TUC), Mr. Peter Esele, who stated this recently at the Union’s conference in Benin, Edo State, noted that the country currently has a housing deficit of about 16million units for its citizens.

Esele projected that at the current rate of population growth in the country, by the year 2050 the population of Nigeria will be about 300 million people but lamented that there is no policy in place to tackle the looming challenges this portends for the country, especially in the are of housing.

He therefore advised the government to partner with the private sector with a view to solving housing and unemployment problem in the country.

“The time to act is now. This administration must put in place a more attractive business environment for the organized private sector to partner in the provision and expansion of infrastructure at all levels to enable it rise to occasion and drive the process of employment generation,” he said.

In a related development, more than 120 million Nigerians are said to be faced with the problem of housing, with many actually homeless.

Managing Director, Aso Savings and Loans Plc, Mr. Usman Hassan, stated this at the groundbreaking ceremony of the Millard Fuller Foundation Center for Housing in partnership with Aso Savings in Luvu_Madaki Village in Nasarawa.

Hassan said the initiative is aimed at providing homes for poor Nigerians especially those who cannot afford homes in expensive parts of the city where only well to do individuals live but the new project would enable many people access to own a home while they pay back in installments over a given period of time.

He remarked that the growing housing need in the country is one that demands prompt action by all stakeholders and one that should be given the required attention due to the importance of housing.


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