The Minister of Works and Housing, Mr Babatunde Fashola, on Thursday, advised state governments to enact laws to make mandatory monthly rent payments to make housing more available to Nigerian masses.

Fashola made the call at the 10th Meeting of the National Council on Lands, Housing and Urban Development in Ikeja, Lagos.

The theme of the meeting was ” Housing Development as a Catalyst for Job Creation, Social Inclusion and Economic Development,”

He said that it was difficult to remove inequality in any society or nation but the commitment of governments could reduce the ratio.

“We may not be able to make all people homeowners, but we can reduce the number of those who lack shelter or live on the edge every so often when rent is falling due.

“I am sure that our country will be a much better place when three years rent in advance, two years rent in advance, or one year rent in advance for the middle class and working family residential homes becomes monthly rent, payable at the end of the month.

“Why we may not get there immediately, this is an area of immense exclusion that we can remedy by legislative action at the state level.

“This is a matter in which the Federal Government has no legislative competence. It is a matter for the states, and I urge you not to turn your backs,” he said.

He said economic indicators showed that payment for a year or more in arrears affected affordability thereby increasing shelter gap, hence the need for legislation.

“All state legislators must see this as an important area of representation of their people to make life easier.

“So must governors and commissioners through executive bills,” Fashola said.

He also appealed to states to make processes of obtaining construction permits or planning approval documents less cumbersome to improve the nation’s ease of doing business rating.

“We in government must consciously improve on the bureaucracy around granting of construction permits or planning approval by taking steps to reduce the number of people involved, introducing some level of automation, such as online submission of applications and reducing the cost of approval.

“We must see revenue in a broader sense, such as reduced income for planning approval, and increased income from consequential construction like income tax of employees on-site, and a broader land use charge from more houses built,” he said.

Fashola enumerated the benefits of planning to infrastructure development to boost economic viability of the sports, tourism and other critical sectors of the nation’s economy.

He advised land managers and town planners to build new settlements taking advantage of federal government’s roads and rail networks to develop new economic opportunities in various sectors.

He also urged states to harness the opportunities in title documentation to boost their internally generated revenue while making more land more available to attract investments to their states.

He also called for introduction of technology in land matters and urged policymakers to take some lessons from the Lagos State Government performing excellently in land transaction matters.

Book On The Dynamics of Mediation, Negotiation & Arbitration In A Globalized World [Order Your Copy]

Price: ₦15,000 or £20 per copy [Hard Back– 21 chaps/700 pages]: Contact: info@idrinstitute.com, info@adrinafrica.org WhatsApp only: 0803-703-5989 : Voice Call Mobile: 0817-630-8030, 0909-965-1401; 0705-767-0347; 0912-173-4691 : Landline: 09-2913581; 09-2913499

[Now On Sale] Book On “International Arbitration & ADR And The Rule Of Law”

Price: ₦15,000 or £20 per copy [Hard Back– 20 chaps/715 pages] Contact Information Email: info@idrinstitute.cominfo@adrinafrica.org WhatsApp only: 0803-703-5989 Voice Call – Mobile: 0817-630-8030,+234-805-2128-456, +234-909-9651-401 Landline: 09-2913581, +234-9-2913499, +234-9-2919209 Office Address: 50 Julius Nyerere Crescent, [Next To The World Bank], Asokoro, Abuja – Nigeria. Bank Account DetailsBank Name: UBA Plc.; Account Name: International Dispute Resolution Institute; Account Number: 1014072579