A clergyman, Ven. Samuel Isemede, has urged the Nigerian Institute of Architects (NIA) to persuade those in authority to evolve a viable mortgage institution.
Isemede, who is the Vicar of Our Saviourâ€™s Church, Tafawa Balewa Square (TBS), Lagos, gave the advice on Monday in Lagos at the 50th anniversary thanksgiving of the NIA. According to him, the process of obtaining credit facility from mortgage institutions is too cumbersome.
â€œNigerians need viable mortgage institutions to be able to own their own houses. I can understand going to a supermarket to buy things and pay cash, but l cannot understand paying cash for a finished house.
I implore the Nigerian Institute of Architects to use this occasion of its 50th anniversary to tell those concerned that Nigerians need viable mortgage institutions. I hope as leaders in the housing sector, you will work with the stakeholders to achieve this so that at 60 you will have something unique to celebrate,â€ he said. The Vicar said that a viable mortgage institution would go a long way to reducing corruption, stealing, armed robbery and greediness in the society.
Isemede, who is the Archdeacon of Ikoyi Archdeaconry, Diocese of Lagos, said that the institute should also introduce and encourage cooperative housing. He said that this was necessary as youths would need accommodation away from their parents. He said that through cooperative housing, about 10 or 20 people could be convinced to put up a storey building on a plot of land. He said this would go a long way in providing accommodation for many families instead of one as well as reduce the cost of building a home.
Isemede also urged architects to design cost effective houses to make housing affordable to average Nigerians. Mr Tunji Bolu, the President of the NIA, said that although it was not the duty of the association to find solution to the lingering mortgage problem, the association would liaise with those in authority to address the matter.
According to Bolu, the cost of building a house is high because most Nigerians have turned down the use of local materials to reduce cost. Bolu said that to achieve cooperative housing depended largely on the willingness of Nigerians to embrace it as the NIA could not force individuals into cooperative housing.Â He said that Nigerians could also help by coming together to form cooperative associations and acquire lands for housing development.