Share
Oluwafemi Awodele
3 weeks ago
Overview
2025 budget: HDAN decries N88bn allocation for housing
Housing Development Advocacy Network (HDAN) has bemoaned the Federal Government’s allocation of N88.14 billion to the Federal Ministry of Housing and Urban Development in the 2025 budget, saying it’s too small when compare with the Nigeria’s huge housing deficit that needed to be bridged.
According to the group, it is a clear indication that affordable housing for poor citizens is not on the priority list of the present government
Expressing his disappointment over the issue, HDAN’s Executive Director, Festus Adebayo, stated that the budget allocation was grossly inadequate to tackle the country’s estimated 28 million units housing shortfall.
Adebayo noted that such insufficient funding undermines the government’s Renewed Hope Agenda, which aims to deliver 20,000 housing units annually.
He called for a substantial budgetary increase to N500 billion and above, citing that an average cost of N6 million to N10milion per housing unit is required to meet the presidential deliverable.
Continue: https://tribuneonlineng.com/2025-budget-hdan-decries-n88bn-allocation-for-housing/
