Government To Crash House Rent With 100,000 New Houses
It is no longer news that there are not sufficient houses in Nigeria.
The government is not oblivious of this.
It is planning to construct 2,700 housing units in the short term to create 105,000 direct jobs.
It will keep building these number of houses for the next 3 years until it gets to 100,000 housing units by 2020.
This was part of plans contained in the Nigeria Economic Recovery and Growth Plan 2017-2020 (ERGP), a copy of which was obtained from the Ministry of Budget and National Planning on Thursday in Abuja.
The ERGP projects that Nigeria will make significant progress to achieve structural economic change with a more diversified and inclusive economy in 5 key areas by 2020.
The key areas are stable macro-economic environment; achieve agriculture and food security; ensure energy sufficiency in power and petroleum products; and drive industrialisation focusing on Small Medium Enterprises (SMEs) as well as improve transportation infrastructure.
The Ministry of Labour and Employment is expected to take the lead in the plan by coming up with key activities to provide housing units and create direct jobs.
In the same vein, the Ministries of Women Affairs and Youth and Sports are also expected to come up with strategy that would boost job creation and public works programmes.