Nigeria faces a massive housing shortage of 28 million homes, requiring an investment of N21 trillion to address, according to Vice President Kashim Shettima. He commended efforts in Sokoto State, where 500 homes are being built at a cost of N7.3 billion, aimed at benefiting civil servants. Shettima called on other states to follow this example. In Lagos State, the government is seeking private sector partnerships to tackle its housing needs, acknowledging the need for collaboration to bridge the estimated three million-home gap. The Rabbanire crowdfunding initiative by Tobykemsworth Investment Limited aims to make housing more accessible to Nigerians.
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According to Vice President Kashim Shettima, Nigeria currently has a shortage of 28 million homes and addressing this deficit would require a massive investment of N21 trillion. He commended the governor's efforts in Sokoto State, where 500 homes are being built at a cost of N7.3 billion. Shettima praised Governor Ahmed Aliyu for taking steps to tackle the housing issue and called on other state governments to follow suit. These homes will eventually be sold to civil servants for them to live in. The event where Shettima made these remarks marked the first 100 days in office for the current administration in Sokoto State.
Meanwhile, the Lagos State government is also looking for ways to address its housing needs. The Permanent Secretary of the Ministry of Housing, Kamar Olowoshago, appealed to the private sector for help in providing housing for Lagos's large population. He made this appeal at the first anniversary celebration of Rabbanire in Lagos, which is a crowdfunding initiative by Tobykemsworth Investment Limited, a real estate marketing and development company. The initiative aims to make housing more accessible to Nigerians.
Olowoshago praised the initiative and emphasized the importance of private organizations partnering with the government to bridge the housing gap, which is estimated to be about three million homes in Lagos alone. He acknowledged that the government is doing its best but cannot do it alone, and that's why collaboration with private sector players is essential.
The Permanent Secretary of the Ministry of Commerce, Industry & Cooperatives in Lagos, Mrs. Adetutu Oluremi Ososanya, also expressed support for the Rabbanire initiative. She suggested that the project should be extended to benefit average citizens on the streets of Lagos. She pledged her ministry's support to work with the company to help more Lagosians access affordable housing. Dr. Adekunle Raphael-Monehin, the Managing Director of Tobykemsworth Investment Limited, expressed hope that Rabbanire would help alleviate the housing burden in the country. He emphasized the importance of affordability in addressing the housing deficit and highlighted the company's experience in the real estate sector since 2009.
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