How to Reposition Housing Sector for Economic Growth


At the National Built environment conference (NABECON) 2017 organised by Nigerian Institute of Building and Council of Registered Builders of Nigeria (CORBON), a former president, Nigerian Institute of Quantity Surveyors (NIQS), AGELE ALUFOHAI made some recommendations. Among them are; the adoption of public-private partnerships for financing infrastructure and Singaporean model for mortgage financing to stimulate construction activities.

Housing policy must seek to work for all Nigerians - the rich, the poor, civil servants, small business people, artisans, informal sector workers and entrepreneurs, young graduates, young people with limited formal education, banks, construction companies for it to boost construction activities and make a significant contribution to economic development.

It must not seek to deliver 500 units of housing to civil servants and 400 units plus 2,000 units of so-called low-cost houses scattered around state capitals. It must be transformational. It must be revolutionary. For example, it should seek to redevelop a whole neighbourhoods, some of which are mini cities, of 400,000 to 600,000 units and deliver houses and supporting infrastructure that compare favourably with what we find in the United Kingdom or middle-class areas of South Africa.