Minister of Housing and Urban Development, Ahmed Dangiwa insisted that in the face of the current economic downturn in the country, urgent steps must be taken to unlock over 300 billion dollars dead capital in the housing sector through a series of reforms in the nation’s land administration to boost economic growth.
The minister said this at the 28th conference of Directors of Lands in the Federal and State Ministries, with the Theme: “Improving Land Based Revenue of The Federating Units in Nigeria through Efficient and Effective Land Administration” held in Lagos.
Dangiwa who expressed his displeasure about the current state of land administration in the country said the same issues that were there decades ago are still there currently retarding economic growth.
The minister who queried the effectiveness of an annual conference and its ability to solve issues and implement recommendations asked if progress was being made or the conference has merely become a repetitive event without a tracking mechanism to monitor progress.
In his address, the Lagos state governor, Babajide Sanwo-Olu said, it is pertinent to address the housing gap issue in the state, adding that the housing deficit in the country has risen from seven million in 1991 to an estimated 28 million in 2023.