2023: How I Willix 28m Housing Deficit At Cost Of N60trn – Peter Obi
The presidential candidate of the Labor Party, Peter Obi, has revealed that he will fix the housing deficit of 28 million, at a cost of 60 trillion dollars, if he is elected president of the country in the 2023 elections.
newsonline Obi was reported to have said that Nigeria is at a critical juncture in terms of housing and shelter issues that must be addressed to achieve national targets.
The Labor Party presidential candidate made the remarks onriday at an event hosted by the Nigeria Institute of Architects in Calabar, Cross Rivers state.
Speaking on the theme “Excellence in Housing and Design for National Development,” the former Governor of Anambra State thanked the Nigerian Institute of Architects for the kind invitation.
He revealed that addressing the housing deficit of 28 million dollars at a cost of 60 trillion dollars requires a committed leader at the helm of affairs.
Peter Opie said, “As you know, we have a large, severe housing deficit. We are now standing at a juncture where 28 million homes must be built to meet our national needs. This is going to cost us an estimated $60 trillion.”
“We will need to partner with you. Our role is to create the enabling environment through the right to make laws; to regulate and preserve property; to employ the power of community; and for the common good.”
He added, “But before I play on these points, I must delve into two critical variables – vision and commitment. What is sorely missing in the leadership, governance and economic sphere of Nigeria is the lack of competence.”
“Good governance and a thriving and stable economy are routinely underpinned by the sectoral and cross-cutting pursuit of efficiency. Most importantly, we must aspire to create leadership imbued with competence, ability, credibility, and commitment.
“These four competencies, are the leadership competencies that are required to change the trajectory of Nigeria. We will pursue the intangible assets of good governance, rule of law and security of life and property.or this to happen, there must be an elite consensus on matters of critical national interest.
We are aware that the existing national infrastructures are dilapidated and dilapidated. We are facing housing challenges. We as a nation have been inconsistent in planning and financing our infrastructure. This is an area that we must urgently address.
“We must begin by rethinking the fundamentals of our nationhood and how to collectively unite and secure Nigeria and take it from good to great. Good governance simply translates into eight core values of governance, namely; accountable, transparent, responsive, equitable, inclusive, efficient and effective government; adherence to the rule of law, as well as participatory governance Consensus-based.
“Obi-Datti management will continue, since its inception, to encourage investment in infrastructure – housing, energy, transport, irrigation and communications – to grow these and other sectors.”
“We are keen to quickly close the infrastructure gap between now and 2030. This is the Nigeria we want by the target year of the United Nations Sustainable Development Goals (SDGs).
“Nigeria is poised to lead African countries as we raise more private funds to meet the infrastructure financing needs of our continent. These needs are estimated at between $68 billion and $108 billion annually.
We will draw and pool resources for our housing needs from domestic and foreign sources. However, since philanthropy begins at home, we will realize this by using existing oil revenues to invest in critical physical and human infrastructure, including housing while stepping up domestic resource mobilization for recurrent expenditures. “We will diversify funding for our national land transit system (roads, rail, bridges, mass transit) and programs through the creation of Highway Trustund accounts,” he concluded.