He suggested alternative financing approaches like integrated rural development, compulsory housing savings scheme, securitization and housing bond. The potent solution to our housing problem is the development of social housing as housing should not be a poverty index. The problems with Nigeria housing include the fact that some houses are over-designed in terms of space and quality. Since health is wealth, effective property taxation and housing development can be used to redistribute wealth and reduce poverty. Oil subsidy can be eradicated and in its place should be social housing development and agricultural grants.

Source: The Guardian January 22, 2018 03:45 UTC