Housing is a basic need of humans after food. The man, wherever he can find always wanted a proper shelter for life, protection, comfort, rest and some other uses. Over the centuries, has not stopped searching for adequate housing to meet needs. The limiting factors in homeownership of a house includes some of the following, the cost of land acquisition, construction cost, style, design, purpose and use. They do however, have little effect on the wishes of the elite, rich and well done in society to develop and own property.
In recent years, home ownership for employees in low and middle income society is a mirage, as building materials, construction costs and other factors has stopped development housing at a high cost. In most developed countries, housing and property is easier for governments and financial institutions have planned and housing policies and programs to help citizens affordable homeownership, using the facilities of the relevant and appropriate mortgage.
In the developing world, especially in the cities of Africa, the shortage of living accommodation has always been a problem. The inventory of available homes is shrinking every day due to high levels of rural migration to urban centers. In cities like Lagos, Nigeria, Abuja, Port Harcourt and a high incidence of the housing shortage without adequate shelter to meet these needs. The available commands high rents beyond the reach of most of the population.
Federal and state in the past, committed to housing programs to provide housing, yet is now very difficult to replicate these programs due to poor enforcement, politics, corruption and other factors. Housing Programs these days are aimed at the rich who have money to buy out the various rights houses that have been delivered. Parties, Games Village, 1004 Estates and other States government are few programs that have benefited the citizens in the past. They have not been sufficient to satisfy the growing population of Nigeria, which is more than $ 140 million in 2007.
Therefore, with the recent consolidation in the banking and insurance sector in Nigeria, which considers that there are sufficient funds for these financial institutions to enter the dwelling to meet the needs of the abundant population of urban dwellers. As the development of capital assets involves huge costs, these financial institutions in relation to governments at various levels can come in the development partnership massive high-rise apartments built under the income mortgage for people to respond to low and middle income. Theses financial institutions should consider investing a significant portion of its funds in mortgage long-term institutions for housing development to help combat the problem of housing shortages.
The government should do a critical study of the Housing Development similar to the massive low-income population as developed in China, Singapore, Malaysia and Egypt. Subsequently, legislation and proper development of an effective model and adapted to Nigeria to become law. The model should be one that would be easy applied and adapted to our local needs. Working with financial institutions, developers, building professionals and investors for investment long term in this sector is possible. Cooperation of this kind should make the government pass legislation to facilitate the acquisition of land, permission Planning for the development and perfection of titles for development of affordable housing.
The government should also provide affordable land for developers, even in areas far from urban centers to relieve overcrowding. They must agree to build roads connecting and the provision of sites and infrastructure to service these lands, such as such as electricity, water, roads and other basic needs to attract people in these areas.
Following these events, "said one, two rooms and apartments according to the needs and requirements, people these households really need to do to implement on a flat base, of a person. An agreement must be drawn with clear conditions for repayment periods, payments loans to low and affordable and other conditions favorable to both promoter and successful tenderers will be sent with alotta and flat. The allocation of the apartments leave landowners or at home should be avoided. Political considerations, double the allocation of benefits to friends and friends should also be eliminated. Is believed to boost the current low level of housing stock, empower citizens and over time can contribute to Nigeria closer to attaining desired Vision 2020 in the housing sector.
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