The Federal Government’s plan to sell 753 housing units recovered from former CBN Governor, Godwin Emefiele, to low and middle-income Nigerians is facing serious backlash from housing experts who say the move is neither realistic nor feasible.
Experts argue that the estate, which spans over 150,000 square meters and includes luxury duplexes in Abuja’s prime Lokogoma area, is too expensive to serve as social housing. “If those properties have four bedrooms, I don’t think they can be for low-income earners,” said Mr. Moses Ogunleye, a former president of the Association of Town Planning Consultants of Nigeria.
Meanwhile, Stephen Eke, head of Fajiri Construction, described the government’s approach as “noble but impractical,” insisting that the buildings were designed for exclusivity. “These estates are usually designed for luxury and exclusivity,” he said, recommending the government sell the estate at market value and use the proceeds to fund cost-effective housing.
With construction still incomplete and reptiles overtaking the estate, critics say the government must rethink its strategy if it truly wants to bridge the housing gap for Nigeria’s poor.
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