Vice President Yemi Osinbajo has said studies have revealed that about 75 per cent of the houses in Nigeria are substandard
Osinbajo, however said the President Muhammadu Buhari-led administration was intensifying efforts to make decent and affordable homes available for Nigerians.
This, he said, was amidst the growing challenge posed by access to adequate funding.
The Vice President said this in an address read on his behalf by the Managing Director, Family Homes Funds, Femi Adewole, at the ongoing Africa International Housing Show 2022, in Abuja.
The Vice President, who was represented at the show by the Managing Director, Family Homes Funds, Femi Adewole, said, “Access to affordable housing is a major challenge that remains substantially unresolved in Nigeria.
He further said, “Although there is no shortage of policies and programmes that have been enacted by various governments to tackle this problem, effective implementation remains a persistent dilemma.
“Our housing challenge in Nigeria presents itself in two primary forms. We have the issue of inadequate housing supply to meet the needs of a rapidly growing population, most significantly for people on low income and young people.”