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Ayo Akinfe
[1] Given that there are 200m Nigerians with about 50% of them being 18 and over, we should have a 20 year plan to build 40m housing units over the next 20 years
[2] Of these 40m, the federal government should build 10m of them in Abuja and Lagos
[3] We need a law that compels all 36 state governments to build houses as a matter of law
[4] Each state must be obliged to build at least 10,000 housing units a year
[5] At least 50% of all these houses must be social accommodation for letting
[6] State governments will be allowed to run housing corporations
[7] State governments will also be allowed to enter into public-private partnerships with private companies
[8] Private companies who build in excess of 1,000 units will get a one year tax break
[9] The Federal Mortgage Bank will offer 25 year single-digit loans to buyers
[10] State governments who build more than 50,000 units a year will get a federal grant