Two experts in the housing sector on Monday lauded the Federal Government’s policy to build one million houses yearly.
They, however, told the News Agency of Nigeria (NAN) in Lagos that the government needed an implementation strategy for the policy to work.
Mr Bunmi Ajayi, a Town Planner and a former President of the Association of Professional Bodies of Nigeria, said the idea was good, considering the huge housing deficit in the country.
According to Ajayi, let the minister or the officials tell us the implementation strategy for us to believe the workability.
He said the implementation strategy should be carefully worked out with the efforts of all stakeholders.
Mr Kayode Omotoso, the Executive Secretary of the Mortgage Banking Association (MBAN), said that the one million houses yearly would clear the housing deficit in six years.
He said that the implementation strategy was necessary because the government would encounter challenges, including finance, land and professionals, in its implementation.
Omotoso said that to overcome the challenges, the government required the efforts of the federal and state governments, the Organised Private Sector (OPS), commercial and mortgage banks.
“Meeting the feasibility for the realisation of the one million houses yearly is the work of everybody.
“The pronouncement means that the work of the ministerial team on affordable housing will escalate.”
Omotoso said that MBAN, as a member of the ministerial team, would participate actively in all deliberations to ensure that the proposed houses were realized.l