FEDERAL MINISTRY OF POWER, WORKS & HOUSING

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27 October, 2018
Minister of State I for Power, Works and Housing, Hon. Mustapha Baba Shehuri

Minster Calls For Price Reduction For The Sale Of Houses In Nigeria

The Minister of State I for Power, Works and Housing, Hon. Mustapha Baba Shehuri has urged all stakeholders in the building and construction industry, especially in the housing sector, to relatively reduce the price tag for the sale and purchase of houses so that the poor and low income earners, who formed the majority of our larger population could afford to earn a decent living.

Baba Shehuri made the call recently in his Mabushi office when he received in audience the officials of Housing Africa Co-operation (HAC)who came to collaborate with his Ministry, in order to provide affordable and decent housing accommodation for the Civil Servants in particular and Nigerians at large.

He disclosed that the potentials in the housing industry in Nigeria is quite huge, which businessmen ought to tactfully embrace, bearing in mind the accruing profits and quick turnover, stressing that with considerable prices, Civil Servants and low income earners will no doubt have a roof over their heads.

The Minister however charged the Management of Federal Housing Authority (FHA), and the Federal Mortgage Bank of Nigeria (FMBN) to create time out of their busy schedule and critically look into possible ways to partner with HAC in order to solve the problem of accommodation bedeviling Nigeria.

Earlier, the Chief Executive Officer, HAC, Mr. Stephen Duggan stated that his mission in the Ministry was to see how to partner with Federal Government of Nigeria in order to improve the standard of living of Nigerians through the provision of decent and affordable accommodation.

He maintained that the materials for the building construction will be sourced locally and with labour made up of Nigerians within and around the local communities.

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PHOTO NEWS
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DUALIZATION OF LOKOJA BENIN ROAD SECTION 1 PHASE 1 18KM BYEPASS SUKUK FUNDED 7KM KM 41 48

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POWER NEWS
PHOTO NEWS
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OSINBAJO FASHOLA AMINA MOHAMMED AT THE GREEN BONDS CAPITAL MARKET INVESTORS CONFERENCE IN LAGOS

Hon Minister of Power Works Housing Mr Babatunde FasholaSANmiddle Minister of Environment Mrs Amina Mohammedleftand CEO Chapel Hill Denham Mr Bolaji Balogun right duringthe Opening Session of the Green Bonds Capital Market Investors Conference organized by the Federal Ministry of Environment with the theme Green Bonds Investing in Nigerias Sustainable Development at the Stock Exchange House Marina Lagos on Thursday 23rd February 2017

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