FCTA mulls first ever ‘no-income’ housing
The Federal Capital Territory may soon be home to one of the first ever ‘no-income’ housing units in the country, as the Abuja Property Development Company, APDC, says it is looking to start the project in no distant time.
Managing director of the company, Lawal Magaji, who dropped the hint at an interactive session with journalists in Abuja, said though the plan is currently at a research stage, the project is one that must be accomplished if the SDG goal of housing for all must be attained.
Magaji, who said the project will be under the social housing arrangement of the company, stated that, “We have the intension of going into social housing but that has to work with the FCT Administration in order to see that the costs of houses are brought down. We are currently doing a research to see how we can build houses for ‘no-income’ earners.
“It’s something we have to go into and provide, because they are equally Nigerians so we are working to ensure that we take care of all Nigerians irrespective of their status.”
He attributed the high cost of buildings in the nation’s capital to the rising cost of building materials, especially the cost of finishing materials, which have to be imported.
“We are making efforts to see that the average Nigerian owns a house. But some of the issues hampering this are the rising cost of building material as well as the encumbrances associated with most of the lands given, and these encumbrances have to be factored into the cost of these houses. If you are given a land that has infrastructure and has no encumbrance like payment of compensation and so on, then the price of the house will come down.
“Also another thing is the rising cost of building materials, especially the finishing materials which have to be imported. We are all aware of the issues of foreign exchange and how the exchange rate between the naira and the dollar keeps widening and as a result the costs of building materials continue to sky rocket.”
The managing director, however, disclosed that the APDC is already working with some groups to proffer solutions to the high cost of buildings, by providing locally made building materials, or getting some foreign building materials companies to establish and produce the materials locally, noting that this would go a long way in supporting the government’s effort at bringing down the cost of the houses.
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