Official urges FG to formulate policy to promote local building materials

By Ella Anokam

Abuja –  Mr Ibitoye Adeyiola, Permanent Secretary, Ministry of Lands, Housing and Urban Development, Ekiti State has urged the Federal Government to design a policy to encourage use of locally manufactured building materials.

According to him, the policy will go a long in enhancing housing development in the country.

Adeyiola, who spoke to the News Agency of Nigeria (NAN) in Abuja on Wednesday, identified the high cost of building materials as a major challenge in the sector.

He noted that without such policy, the country would continue to rely on imported materials.

The permanent secretary said that the exchange rate was another major factor affecting local production of building materials

Related Story:  Offa robbery: pay attention to youth empowerment, PDP chieftain tells Govt

According to him, prices also tend to drop when production is done on a large scale.

Abiyola, an Estate Surveyor also mentioned land and finance as challenges in sector, adding that it should be addressed.

He advised the states governments to endeavour to streamline the process of land ownership by making it easy to obtain land title documents.

“In Ekiti State for instance, we have liberalised the issuance of Certificate of Occupancy (CofO), now within a period of three months one can obtain the CofO.

He emphasised that if the states governments could liberalise land allocation and issuance of title documents in the state, it would improve housing development in the country.

Related Story:  Nigerians in U.S. hard working, law abiding – Consul-General

The expert called for more sensitisation on the operations of the Federal Mortgage Bank of Nigeria (FMBN) to harness more finance for the housing sector.

“FMBN is doing much on housing finance, money could be accessed by Nigerians more if it is capitalised.

“The public also needs to be sensitised along that line to reduce problems bordering on housing financing,’’ he said. (NAN)

Leave a Reply

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: 08033083361, 08094208271 and 092900705
Whatsapp: 08053069436

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate