The Chairman and CEO of Innovative Risk and Investment Solutions, Prof. Charles Inyangete has called on all housing stakeholders especially the government to start looking into policies that will address the needs of aspiring first time home owners.
While speaking to Housing Development Program, the former NMRC boss said at the moment, the country cannot provide access to houses that are affordable, which has made housing such a critical issue for people.
‘’So some of the things we haven’t done very well is that we are not in a position to say we have a clear cut housing policy that looks at the first time home owners. So we need to have a policy that addresses first time home ownership such that when you come out from school and begin your career, you are able to own your own home. So we have to progressively allow people to do that. But to do that we need to also prepare the ground for it. That means we have to build houses that are suited to their needs. When we build the right kind of houses and the right kind of policies to facilitate access, things will improve,’’ he said.
He said that housing development is not just about building houses, but to build houses that can create a sustainable community going forward, and to make them affordable and available to a greater number of Nigerians.
He said; ‘’a lot has been done lately. We have liquidity facilities that can refinance mortgages. We need to now create the mortgages to enable home ownership.’’
