Abuja, July 20 (Viewpoint Housing News) – The Nigerian President, Bola Ahmed Tinubu yesterday ordered a review of the planned ₦8,000 palliative the government had meant to pay 12 million poor households to cope with rising costs of daily living.
This was in response to an initial announcement that had drawn widespread criticism that the money may likely end up in the pockets of government cronies.
However, the CEO of Viewpoint Housing Media Limited, Mal. Ahmed Abubakar Goringo, Wednesday advised that the planned Five hundred billion naira (#500,000,000,000) meant as palliative for poor households to soften the effect of fuel subsidy removal, should rather be chaneled for recapitalization purpose of the Federal Mortgage Bank of Nigeria (FMBN).
He made this known while addressing the press in the Nigerian capital, Abuja and on the premonition that housing needs are more important than the planned palliative.
“The stomach is not meant for food alone, he said.
“If you eat without shelter, you risk sleeping outside. Utilizing that five hundred billion naira should be for the recapitalization of the FMBN so that the products of Rent-to-own will improve and the Estate Development Loan should be reviewed.
“Instead of developers going to Shelter Afrique which normally takes longer processes, we have our own Federal Mortgage Bank that can solve these kind of problems of looking for finance to fund projects.
“Nigerians after having their meals must have a place to lay their heads at night, he stated.
Mal. Goringo drew comparisons with the past administration of former president Muhammadu Buhari that despite pledging to construct one million houses every year, failed spectacularly. He advised that the present government should be upgrade to the previous government than allowing Nigerians to experience suffering the way they are today.
“The past administration promised to develop one million houses per annum which they failed to achieve. Here is an opportunity for this renewed hope to actualize the dreams Nigerians have to owning their homes.
