Government and Politics

Nigeria’s Housing Deficit Requires N21 Trillion Investment, Says Vice President Shettima

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Nigeria's Housing Deficit Requires N21 Trillion Investment, Says Vice President Shettima

In a significant revelation, Nigeria’s Vice President, Kashim Shettima, has emphasized the pressing need for a substantial investment of N21 trillion to address the nation’s staggering housing deficit. Speaking during the groundbreaking ceremony of a 500-unit housing estate initiated by the Sokoto State government, Senator Shettima highlighted the gravity of the situation.

According to data provided by Senator Shettima, Nigeria currently grapples with a housing deficit of a staggering twenty-eight million houses. This colossal shortage underscores the urgency of addressing the housing crisis that millions of Nigerians face.

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Vice President Shettima also took the opportunity to commend Governor Ahmed Aliyu of Sokoto State for his proactive efforts in tackling the housing needs of the people. The project, located in the Wamakko Local Government Area of Sokoto State, is projected to cost the state government approximately N7.3 billion.

Governor Aliyu, shedding light on the housing estate’s purpose, stated that it will primarily cater to civil servants and will eventually be sold to them on an owner-occupier basis once completed. This strategic approach not only addresses the housing deficit but also empowers civil servants with the opportunity to own their homes.

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The magnitude of Nigeria’s housing crisis cannot be understated, and the call for N21 trillion in investment highlights the need for comprehensive and strategic solutions. As the government takes proactive steps, the hope is that these initiatives will pave the way for a brighter future for millions of Nigerians struggling to secure safe and affordable housing.

Vice President Shettima’s revelation underscores the urgency of addressing Nigeria’s housing deficit. With visionary leadership and strategic investments, the nation can work towards alleviating this crisis, improving the lives of countless citizens in the process.

Source: Channels Television

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