The Paradigm Leadership Support Initiative (PLSI) has said that there are no buyers yet for the 1, 432 houses built for low-income earners in five states.
The homes were built by the management of Family Homes Funds Limited (FHFL) initiated by the Federal Government in 2016.
The government released N65 billion to FHFL between 2018 and 2020 to bridge the housing deficits in the country.
The houses are in Delta, Kano, Ogun, Kaduna, and Nasarawa states.
The Executive Director, PLSI, Olusegun Elemo said this during a conference in Abuja while presenting findings from the analysis of the performance audit report on the management of resources for the provision of affordable/social homes for low-income earners in Nigeria by FHFL (2018 to 2020).
The report further stated that macroeconomic conditions in Nigeria are the greatest impediments to affordable housing.
A seed capital of N500 billion was promised by the Federal Government for the provision of affordable/social homes for low-income earners, the government released N65 billion to FHFL between 2018 and 2020.
resources for the provision of affordable/social homes for low-income earners in Nigeria conducted by the Auditor-General of the Federation and we have highlighted key challenges impeding acquisition of 1,432 homes built in five states.
“These challenges include the absence of need assessment by the Family Homes Funds Limited, constraint with accessing completed homes due to lack of infrastructure and insufficient awareness creation for homes built among others.
“PLSI will support the Family Homes Funds Limited in mobilizing buyers/off-takers within the target group of low-income earners to boost acquisition of homes built in Delta, Kano, Ogun, Kaduna, and Nasarawa states.”
He called on the management of FHFL to improve on its efficiency and effectiveness in providing affordable/social homes to Nigerians.
Elemo urged the FHFL to implement the recommendations offered by the Auditor-General for the Federation to address highlighted challenges hindering the acquisition of homes built by low-income earners in Nigeria.
The Abuja Bureau Chief of EnviroNews, Etta Michael, stressed the importance of ensuring that proper need assessment was carried out before embarking on such a social intervention program to align policy objectives with citizens’ needs.