The chief executive officer, Knight Frank, Albert Orizu, has stated that the hitches affecting the provision mass housing could be surmounted if the President Buhari-led administration takes the right steps.
The real estate expert who said this while speaking with newsmen, noted that there was the need for mass housing, urging the new government to look into suggestions being made by professionals on how to revive the nation’s housing sector.
Orizu said the recommendations especially in the area of providing affordable housing for the masses or low-income and medium-income segment of the society could help the government.
The realtor said: “There is need to make housing finance within the reach of an average Nigerian. Things that relates to the acquisition of titles should also be made much more accessible, without bureaucratic bottlenecks such that housing developments will be less cumbersome for any Nigerian planning to have shelter over their heads.
“They should look at the provisions of the Land Use Act, remove the bottlenecks that make it difficult to implement, and ensure access to land and housing finance, so that developers and individuals can get loans at affordable, reduced or single digit interest rates.
“There is also need for government to take up initiative to create new towns and satellite towns, but the new schemes should be able to provide infrastructure and services for the catchment of people living in a particular area in terms of providing offices and residential accommodation, medical care, and all necessities of life without traveling out of the towns and long distances to get the services.”