Housing Shortage: Federal Government to inject US$41m

Housing Shortage: Federal Government to inject US$41m


The housing problems confronting lots of civil servants in Nigeria may soon be a thing of the past as the Federal Government has announced plans to create US$41m fund for this purpose.

Although the details on how the fund will be created and channeled for that purpose has not been released to the press, however, it has been confirmed that the office of the Head Service of the Federation has been saddled with the onus of creating the funds and the civil servants will have access to it through the Federal Government Staff Housing Loans.

Making this known recently in Abuja, The Executive Secretary of Federal Government Staff Housing Loans, Dr. Hannatu Fika, disclosed that under the scheme, US$41.3 million would be made available to the civil servants, while those seeking for loan of N5 million will not pay equity contribution, and others above N5 million will be required to pay 20 per cent of N8 million housings and 30 per cent for N15 million.

Speaking on the housing scheme, he said that the civil servants should be held responsible for the failure in the execution of government housing projects, accusing them of misusing housing loans that had been given to them in the past.

In a related development, the original landowners of Centenary City in Abuja have urged the authorities of Federal Capital Territory (FCT) to return their land to them as soon as possible.

They accused the government of taking the land from them without adhering to the normal norms and protocol, saying that they were not duly compensated despite the fact that the necessary rules were not followed and also they were not issued re-allocation papers.

While narrating their ordeal to the House Committee when the latter embarked on the site as part of their oversight functions, the real land owners lamented that work had gone very far on the land before the government revoked it without even compensating them.

Speaking on behalf of others, one of the land owners Felix Osuji told the Committee Chairman, Herman Hermbe that his firm alongside with others got the allocation papers for the land in April, 2011 from the former FCT minister, Senator Bala Mohammed.

In his words: “We submitted our plan. We’ve developed 200 houses at different levels of completion. But in January 2013, I went to the site and a paper was handed over to me by our security man that our property was taken over.”