Ayo Akinfe
[1] Given that there are 200m Nigerians with about 50% of them being 18 and over, we should have a 20-year plan to build 40m housing units over the next 20 years
[2] Of these 40m, the federal government will build at least 5m housing units in Abuja and Lagos each
[3] All 36 state and the 774 local governments must build houses as a matter of law
[4] Each state must build at least 10,000 housing units a year
[5] At least 50% of all these houses must be social accommodation for letting
[6] State and local governments will be allowed to run housing corporations
[7] State and local governments governments will also be allowed to enter into public-private partnerships with private companies
[8] Private companies who build in excess of 1,000 units annually will get a one year tax break
[9] Nigeria’s Federal Mortgage Bank will offer 25 year single digit loans to buyers
[10] State and local governments who build more than 50,000 housing units a year will get a federal grant
