Witicles Experts Online Articles Directory
Witicles Experts Articles Directory Witicles Experts Articles DirectoryWiticles Experts Articles DirectoryWiticles Experts Articles Directory

Welcome, Guest!     Sign Up    Sign In
Sponsored Ads

Become A Witicles.Com Expert Contributor Today

The Art of Negotiation: How to Improvise Agreement in a Chaotic World

Author Box


Joined 2 years ago
From nigeria
Total Articles 2

Recent Articles From Author

# The Necessity For Affordable Housing
# Real estate can help Nigeria overcome recession

Namecheap.com Namecheap.com
Shop for Books online in Nigeria at kpiBooks.com.ng Order your favourite books online now, Save the stress & Pay online or with cash at Your Doorstep!

We help our esteemed clients develop web strategy that works!
Call us @ +234 803 578 3880

Authors Spotlight
Gboyega Adedeji  Gboyega Adedeji
Gboyega Adedeji is a Veteran Writer on Witicles.comVeteran Author
243 Articles
   Mentored By Jesus Christ | Writer | Inspiring Speaker | Publisher | Coach | Builder | CEO @ https:... from Abuja, Nigeria

Abiola Benjamin Obayomi  Abiola Benjamin Obayomi
Abiola Benjamin Obayomi is a Veteran Writer on Witicles.comVeteran Author
249 Articles
   Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeri... from Abuja, Nigeria

Free Online Articles Editor  Free Online Articles Editor
Free Online Articles Editor is a Veteran Writer on Witicles.comVeteran Author
137 Articles
   We challenge the minds of people towards mental and attitudinal shift and National transformation. We are the Editorial team of Witicles.... from Abuja, Nigeria

Omolara Adedeji  Omolara Adedeji
Omolara Adedeji is a Veteran Writer on Witicles.comVeteran Author
60 Articles
   I am a kingdom expander and I believe in the testimony of a transformed life as the greatest testimony of all. I am a voice of God for m... from Abuja, Nigeria

Sell Your Books online in Nigeria, Earn 80% from book sales

Top Articles
Top 10 Reasons for Nigeria's Undeveloped Economy
CONSAT: Nigeria DTH Cable Television That Challenges DsTV, MyTV, Startimes and Others
INSIGHTS On Tithes & Offerings from Brother Gbile Akanni
The Pyramid of Friendship: Secret of Effective Relationships
The Quick Fix for Nigeria's Underdevelopment and Unemployment

Recent Articles
The Immutability Of God's Promises
Public Education Valuable
Indian Education System
The Cause of Church Rivalry & Church Competition in Nigeria (Exposed)
The Three Dimensions of Experiencing Christ: In Him We Live, Move & Have Our Being

Recent Comments
Escorts in Delhi
How To Season And Grill Chicken
2 weeks ago Look through our range of fresh Vip Escorts Service In Delhi . We review and add new companion every day. Click on individual profiles to see Vip Escorts Service In Delhi: - http://www.saumyagiri.com

Ayodele Temidayo
The Blessedness Of Service: How God Rewards His Own
4 weeks ago Great piece sir. Soar in grace and God makes your oiverli soul fat in Jesus name

isha garg
Some Most Excellent Alternative to Buy Gifts for Valentine’s Day
4 weeks ago Hello I have found this article totally interesting have you seen it... http://www.dianaescorts.in/ http://www.hotdelhiescort.com/ http://www.dwarkaescortsgirls.com/ http://www.escortsservicesindelhi.com/ http://www.foreignescortsdelhi.com/ https://twitter.com/Callsgirldelhi https://www.ishagarg.in/

Site Clouds
Witicles, Articles, Webnigerians,Experts, Submit Articles, Become A Writer, Writing, Technology, Leadership, God, Government, Management, Nigeria, Society, Culture, Authentic Articles
Social Sharing

Sponsored Ads

Article Category >>>Real Estate

The Necessity For Affordable Housing

By Reicweb       Nov 07, 2016

The Necessity For Affordable Housing

Nigeria is perhaps the fastest urbanizing country in the African continent. One of the most important challenges facing the country is the provision of affordable housing.

In Nigeria, many people always wait with keen interest to listen to budget speech at the beginning of each year. This is for nothing sake, but to hear how much have been allocated to some areas of priority interest. One of these areas of priority that have always attracted the attention of the people is the housing sector.

The housing sector has constantly been one of those sectors that receives higher allocation, yet it has remained one of the under developed sectors of the economy. This is because successive government paid little attention to various housing schemes, most especially those that concern the low income class. Hence, the goal of making housing affordable and accessible has only become an imagination or others would call an illusion.

As more and more Nigerians make towns and cities their homes, the resulting social, economic, environmental and political challenges need to be urgently addressed.

The production of housing in Nigeria is primarily the function of the private market; approximately 90% of urban housing is produced by private developers. Due to housing demand created by rural- urban migration, which account for 65% of urban population growth, the fixed supply of urban land, and inflation of rental and housing ownership cost.

Unfortunately, the private sector is saddled with numerous problems which make supply always fall far short of demand and lower production quality. The problem of affordable housing has been a concern for both the government and individuals.

Appreciating these problems, both public and private sector developers make effort through various activities to bridge the gap between housing supply and demand, but the cost of building materials, deficiency of housing finance arrangement, rigorous loan conditions from mortgage banks, government policies amongst other problems have affected housing delivery significantly in Nigeria.

With different policies and user solutions that are abound for the purpose of reducing quantitative housing deficiency. It could be possible to solve the problem if housing were used only for shelter needs.

However, in addition to serving as a shelter, housing is also a produced commodity, consumer good, assurance for families, means used for reproducing social relations and an investment tool protecting the value of money against inflation.

There are several affordable housing schemes that are either fully funded by government or in partnership with the government under the Public Private Partnership (PPP) scheme. In some cases selected developers were given some kind of concession by government with the aim of providing affordable housing, for instance, in the Federal Capital Territory.

Such efforts were further complemented with the Private Finance Initiative (PFI). While the quality of the existing stock is also under a heavy scrutiny in term of design and desired functions, including acceptable livable neighborhood, 87% of the existing stocks are backlogs which are stocks that do not meet the minimum quality requirement.

To ease the challenges of the housing sector, site and services scheme came on the front burner. The pressure for this came from the international lending community and in particular the World Bank. Given the rising figures of ‘spontaneous or squatter settlements’, in cities all over the third world, in the face of tight planning control, regular demolitions, and high-cost construction programmes, the World Bank argued for a new approach to urban development which incorporated various forms of aided self-help.

The two ‘packages’ which received the most support were sites and services scheme, and upgrading schemes. Essentially, the first provided low-income beneficiaries with serviced plots including tenure security and help to build their own houses; the second approach helped House-owners in existing squatter areas obtain tenure to their land, and to improve their dwellings.

Many of these sites exist all over the country essentially provided by the government. And, in spite of the fact that they may help to improve tenure security, the programme is capital-intensive in nature and the initial target population, low-income, usually do not benefit from them. The cost attached to each plot is usually beyond the reach of the urban poor.

Is the hope of the low income class to own their own houses becoming an illusion?

By and large, it won’t be out of place to conclude that government have not done enough towards meeting the housing needs of the people of Nigeria, particularly the low income class.

Again, most of the public housing scheme established by government does not favour the interest of the low income class considering the cost of the government rented quarters and the conditions for benefiting from some of these housing schemes.

From Witicles.Com: Thank you for the gift of your time. We appreciate you for reading this article published by Reicweb. Witicles.Com is indeed your partner for your growth, effectiveness and maturity.


If you need to re-publish this ARTICLE, please cite this article - (http://witicles.com/the-necessity-for-affordable-housing-24413.html) and the Writer (Reicweb)

Do You Find This Article Helpful?

Article Tags: realestate, nigeria, property, lagos, research, real, estate, twitter
Save the Stress, Shop for Books Online in Nigeria - kpiBooks.com.ng
Article Source
ReicwebAbout Reicweb
Reicweb ReicwebReicwebReicwebReicweb


Social Sharing
If You Enjoyed This Article; Then, Share It On Your Social Network

     Copy This Short Link To The Article: http://i.witicles.com/LgN1e The Necessity For Affordable HousingThe Necessity For Affordable HousingThe Necessity For Affordable HousingThe Necessity For Affordable Housing

Post Comment

Article Comments

No comment found! Be the first to share your thoughts on this article!

Related Articles

Author's Articles

My Accounts Categories Useful Links Affiliate Links Follow Us
Witicles.com is not a mere article directory; but Trusted Online Article Directory of syndicated articles on 27 core topics, including health and fitness, finance, business and economy, life improvement, real estate, politics, leadership, management and education. Authors publish articles for free and share knowledge with potential customers.

My Accounts
Account details
Lost Password

News and Society (169)
Self Improvement (139)
Business and Economy (103)
Leadership (102)
Politics (68)
Arts & Entertainment (44)
Health & Fitness (126)
Religion and Kingdom (58)
Real Estate (16)
Computers & Technology (21)
About Us
Advertise With Us
Contact Us
How To Submit Articles
Article Writing Tips

Flickers of Hope Foundation

CentreNDL on Facebook  Facebook

CentreNDL on Twitter  Twitter

CentreNDL on Google+  Google+

CentreNDL Blog  Blog

Send Email to Hubpile  Email