The Managing Director of the Federal Housing Authority,Gbenga Ashafa, has said the authority requires at least N500bn to sufficiently reduce the number of homeless persons in the country.
This was as he revealed that the authority has successfully built about 149,000 housing units in the 50 years of its existence.
Speaking to journalists, the MD noted that housing is a critical sector of the economy and the agency has done its bit by providing 49,000 units in direct construction and 100,000 units through partnerships with private developers.
Ashafa, who complained about the amendment of its act that changed its operations from a government wholly owned agency to a partly funded institution, stressed that the authority has made housing affordable for Nigerians.
He also reiterated the agency’s commitment to allow more persons access its rent-to-own scheme to reduce the number of homeless Nigerians.
