……..Says fixing Nigeria’s housing data problem, a top priority.
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has inaugurated a 13- member Steering Committee on the National Housing Data Centre in Nigeria, Tuesday, August 20th, 2024.
Speaking at the inauguration, Arc.Dangiwa stated that fixing Nigeria’s housing data problem is a top priority under the Renewed Hope Agenda of President Bola Ahmed Tinubu.
He explained that the housing sector lack credible, scientific and verifiable data, that needs to be fixed, saying that without data the magnitude of the housing problem will not be known
“Under the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR, for housing and urban development, fixing Nigeria’s housing data problem is a top priority. As the lead driver of Mr. President’s vision in the sector, we are committed to working with all stakeholders to tackle this problem,” Dangiwa stated.
The Minister also explained that decent and affordable housing is a catalyst for economic development, creates jobs and alleviate poverty as no nation strive effectively or enjoy peace and stability without having housing market that works efficiently and provides decent shelter for it’s citizens.
Dangiwa, among others listed some key deliverables of the Housing Data Committee to include; development of the framework and modalities for setting up the National Housing Data Centre (NHDC); creating a framework for data gathering channels from the public and private Institutions and designing a framework for distributing housing data to Institutional and retail investors in the Nigerian financial market.
Other deliverables of the Committee also are; development of framework for data distribution to all participants in the housing market; establishment of the framework and timelines for setting up a mortgage exchange, and formulation of a Stakeholder Engagement Strategy.
The Minister urged the Committee to deliver the mandate within the time frame of twelve months with dedication and commitment.
Responding, the Co- Chair of the Committee, the Managing Director/Chief Executive Officer of the Nigeria Mortgage Refinance Company (NMRC), Kehinde Ogundimu, expressed satisfaction with the initiative and thanked the Minister for the opportunity given to them to serve in that capacity.
Mr Ogundimu assured the minister of the commitment of the commitee members to do their best to deliver the assignment in order to achieve the national goal within the time frame.
Membership of the Housing Data Joint Steering Committee includes representatives from: Federal Ministry of Housing and Urban Development (Chair), National Population Commission, National Bureau of Statistics, Central Bank of Nigeria, Nigeria Mortgage Refinance Company, Federal Mortgage Bank of Nigeria, Federal Housing Authority, Family Homes Funds Limited, Mortgage Bankers Association of Nigeria, Housing Development Association of Nigeria, Real Estate Developers’ Association of Nigeria, and Association of Housing Corporations of Nigeria.
Salisu Badamasi Haiba
Director Information and Public Relations
