‘Govt alone can’t bridge housing deficit’

The government alone cannot bridge the estimated 28 million housing deficit across the country, the Group Managing Director, BSTAN Homes and Properties, Dr Becky Olubukola, has said.

Olubukola made the declaration yesterday at a conference heralding the forthcoming Lagos edition of the National House Fair tagged: ‘Property in a sachet”.

She said Private-Public participation and workable policies are needed to address the challenges in the housing sector.

“We started this project six years ago and we have recorded remarkable success in the real estate business. The 6th edition was held in Abuja recently where 10 participants won a plot of land each.

‘Govt alone can’t bridge housing deficit’

We recorded N200bn suspicious govt account transactions -NFIU

“We have since built about 28,000 units of houses and we plan to reach 5,000 housing units as well as expand to other African nations that have been inviting us,” she explained.

Dr Olubukola stated further that Nigerians do not need to break a bank to own a house as there are different housing schemes for bankers, medical personnel, traders, teachers, civil servants, youths and artisans, that can make subscribers own a house and spread the payment over seven years through monthly payment plans.

The Coordinator of Lagos National House Fair, Mr Tolu Oluwo, said the objective of the event is to bring affordable, accessible and functional housing to low-income earners without stress.