The body said that considering the housing deficit in the country, which currently stands at about 17 million units, such funding arrangement would not only help to reduce the number, but also reduce the level of unemployment in the country.
The 1st Vice President, NIESV, Dr. Bolarinde Patunola, said this in Abuja at the national day of prayer and thanksgiving organised by the institution.
The event provided a platform for members of the institution as well as government officials to pray for the peace, security and progress of the country.
Patunlola said there was a need for the government to restore full land ownership to the people through provision of title documents, noting that this would also provide an avenue for raising loans for entrepreneurship purposes.
He explained that the total reform of the land tenure and titling system in Nigeria was imperative to making them development friendly.
The Permanent Secretary, Federal Ministry of Lands, Housing and Urban Development, Mr. George Ossi, who also spoke at the event, said the Federal Government would collaborate with the NIESV to enhance growth in the real estate sector of the economy.
He assured the institution that the Federal Government would do all it could to formulate policies that would help to develop the real estate sector of the economy.
Ossi said, “We appreciate the NIESV for identifying with the ministry, especially your contribution towards the progress recorded in the nation’s housing development agenda over the years. The ministry remains keenly interested in partnering with you in the continuous development of the housing sub-sector.”- See more at: http://bizwatchnigeria.ng/niesv-wants-federal-government-allocate-money-housing/#sthash.U2Fz4dij.dpuf