Kaduna State Commissioner for Housing, Fausat Adebola Ibikunle has disclosed that the State government is partnering with the Nigeria Mortgage Refinance Company, Federal Mortgage Bank of Nigeria, Family Homes Funds and other bodies to provide affordable housing for Kaduna residents.
The Commissioner made the disclosure on Friday at the just concluded Abuja International Housing Show.
Speaking on the topic, “Providing Enabling Environment For Housing Delivery” during a special session that has Commissioners from other States in attendance, Ibikunle stated that the State government is focusing a lot on creating an enabling environment because “we know that we cannot do it alone”.
On land accessibility, she averred that “we make lands available but what we do in Kaduna is to make you sign a development agreement with us”.
She stated that as part of efforts to support investors, the state government signed an agreement with Sterling Bank to provide single digit mortgage to civil servants who have bought houses from them.
According to her, there are various ongoing housing projects: “we have about 5000 housing units ongoing at various levels”.
“We also have the Family Homes Funds investors on ground. We have so many other private investors. Right now we are in touch with Eko-Stone in collaboration with Shelter Afrique”.
She explained that Mortgage is the key. “If you solve the issue of land, how do you have access to finance? We have signed mortgage foreclosure bill into law to boost confidence in investment and beyond that we have signed MOU with sterling Bank to provide single digit mortgage to civil servants who have bought houses from them”
“Just to make sure that we support mortgage system, we went into partnership with the NMRC and Federal Housing Authority”.
She noted that “In Kaduna, the Housing and Urban development scheme came on board 2019 but before then we have been doing a lot in housing largely with the private sector especially with the advent of Mallam Nasir El rufai as a Governor”.
According to her, the ministry has been doing a lot on housing developments since it came on board. “We have been working to see how the government can work with the private sector to bridge the housing deficit”.
“We are focusing a lot on creating an enabling environment because we know we cannot do it alone but at the same time we also know that to a large extent we also have to come in, in the area of provision of social housing which we hope will slightly lower cost,” she said.