Another pressing issue the Nigerian Governors Forum should address immediately is the chronic lack of housing in the country. We need them to come up with a masterplan that looks like this

Ayo Akinfe

[1] Given that there are 200m Nigerians out there with about 50% of them being 18 and over, we should have a plan to build 40m housing units over the next 20 years

[2] Of these 40m units, the federal government will build 10m in Abuja and Lagos

[3] All 36 state governments must build houses as a matter of principle to make up the remaining 30m units

[4] Each state must build at least 10,000 housing units a year

[5] At least 50% of all these houses must be social accommodation for letting

[6] State governments will be allowed to run housing corporations

[7] State governments will also be allowed to enter into public-private partnerships with private companies

[8] Private companies who build in excess of 1,000 units will get a one year tax break

[9] Nigeria’s Federal Mortgage Bank will offer 25 year single digit loans to buyers

[10] State governments who build more than 50,000 units a year will get a federal housing grant of at least $1m

Ayoakinfe@gmail.com