The Federal Government is set to summon contractors and developers of its housing projects across the country to address prominent issues in the housing sector.
The government announced this while warning that it would no longer tolerate abandoned housing projects in any part of the country when millions of Nigerians need homes to live in.
It emphasised that its investments in the sector must be recouped.
Housing and Urban Development Minister Ahmed Dangiwa said this yesterday in Abuja after inspecting two housing projects – the NHP Karsana housing project and Brains and Hammers Deidei housing projects in the Federal Capital Territory (FCT).
He said: “President Bola Tinubu is passionate about providing affordable housing for Nigerians. It is a part of the Renewed Hope vision. We are going around the sites to see the projects that the Federal Ministry of Housing has constructed.
“Well, contractors talking about a review of their contracts would have to engage the Federal Mortgage Bank of Nigeria (FMBN) because I know that loans were given to them. If they couldn’t finish within time, then they would have to go and sit down with FMBN to explain why they couldn’t finish the projects within the stipulated time.
“On the aspect of abandoned housing projects in the country, what we are telling most of the contractors is that we would no more tolerate any abandoned project. We intend to recoup the investments put in by the government… We are inviting all the developers to sit down with us so we can know the reasons they abandoned such projects.
Also Read: Nigeria’s Housing Sector Receives N100 Billion Boost
“Some of the developers or contractors, we realised, do not have the managerial or financial capacity. These are some of the developers we would edge out and bring serious ones for the construction to take off.
“This is because at the end of the day, we want to ensure that Nigerians are better for it, because there are millions of Nigerians that need houses.”
Source: The Nation
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