No industry-accepted data to fix Nigeria’s housing problem — Dangiwa

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Nigeria Housing Problem

Minister of Housing and Urban Development, Ahmed Dangiwa, has said that there is no industry-accepted data to guide the federal government and financial

institutions, both local and international, in planning and outlining strategies to fix Nigeria’s housing problem. Dangiwa spoke while inaugurating a Joint Steering Committee on the National Housing Data Centre in Abuja, saying… institutions, both local and international, in planning and outlining strategies to fix Nigeria’s housing problem.

“All of us gathered here today are stakeholders in Nigeria’s housing industry. We all know where we stand as a country in terms of meeting the housing needs of Nigerians. We are far from where we should be in unleashing the sector’s potential as an enabler of economic growth,” he said.The Housing Minister further explained that, “What we have had over the decades are speculations and estimates.

Speaking on behalf of the Committee, Managing Director of Nigeria Mortgage Refinance Company, Mr. Kehinde Ogundimu, thanked the Minister for putting them in place to develop housing data that would serve both local and international investors. Payments giant Flutterwave has announced it will allow Nigerian merchants to receive payments from American Express card customers as the credit card provider continues its push into Africa. In 2023, American Express cards were launched in Nigeria through a partnership with Access Bank, and by May 2024, AMEX had launched four new credit cards in…

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The Central Bank of Nigeria has reported a significant increase in remittance inflows, reaching $553 million in July 2024., a figure which indicates a 130 percent rise compared to the previous year, 2023. The figure represents the highest monthly total inflows on record, demonstrating the ongoing efforts by the CBN to enhance liquidity in…

 

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