Dangote Gives Solution as FG Plans to Build Bamboo Houses for Nigerians
- Dangote Cement Plc has urged stakeholders in the housing industry to adopt mass housing plans that are affordable for Nigerians, emphasizing the importance of public-private partnerships to address housing challenges.
- The company’s National Sales Director, Dolapo Alli, praised the Federal Government’s efforts through the Renewed Hope Housing Initiative but stressed that more collaboration is needed to tackle the country's housing deficit.
- Additionally, Dangote Cement's CEO, Arvind Pathak, highlighted the company's expanding export operations and its focus on long-term value generation, including the delivery of CNG-powered trucks to reduce logistics costs and improve environmental efficiency.
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The players in the housing industry have been encouraged by Dangote Cement Plc to consider a mass housing plan that is affordable for Nigerians.
Source: Getty Images
A 3Mta grinding factory in Côte d'Ivoire was also planned for commissioning this quarter, which is expected to improve the company's standing in Africa and greatly boost exports.
Speaking at the ongoing Africa International Housing Show, Dolapo Alli, the National Sales Director of Dangote Cement Plc, said: "Addressing housing issues requires collaboration among various stakeholders, including government agencies, private developers, non-profits, and communities. The government can adopt public-private partnerships (PPPs) to support mass housing initiatives."
"The government may initiate the construction of new estates, while companies and firms in the building and construction sector can be granted tax waivers and credits to facilitate the financing of new and affordable housing developments."
Speaking at the company's Special Day, Alli explained that mass housing is one tactic used to address the problem of providing appropriate housing for the general public. He also mentioned that the strategy has assisted in addressing the challenges of increasing urbanization in many nations worldwide. Although he acknowledged that additional gaps needed to be filled, he praised the Federal Government’s efforts in launching mass housing programmes.
"Nigeria, through the Renewed Hope Housing Initiative, has taken commendable steps towards addressing the critical gap in access to affordable housing finance. This initiative signals a strong commitment to making homeownership more accessible to citizens, particularly low- and middle-income earners.
"However, given the scale of the nation’s housing deficit — estimated to be in the millions — much more needs to be done. There is a pressing need for broader collaboration across public and private sectors to unlock innovative financing solutions, streamline regulatory processes, and scale up delivery to meet the growing demand for decent and affordable housing," he added.
In the meantime, Arvind Pathak, the company’s CEO, wrote to the Nigerian Exchange Group (NGX) to express the company’s encouragement regarding the expansion of its export operations.
He said: "Export volumes from Nigeria increased by 18.2 percent, with 18 successful clinker shipments made to Ghana and Cameroon. This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency."
Source: Getty Images
Pathak further disclosed that long-term value generation continues to be the company’s top strategic priority, pointing out that Dangote Cement has made significant strides in fortifying its cost architecture.
"During the period, we began the phased delivery of 1,600 additional CNG-powered trucks, which will significantly reduce our logistics costs and enhance environmental efficiency," he added.
FG plans to build bamboo houses for Nigerians
Legit.ng reported that the federal government has announced plans to construct affordable and climate-smart houses using bamboo, targeting low- and middle-income earners across the country.
The initiative will be championed by the Federal Ministry of Innovation, Science and Technology, which aims to provide durable housing solutions using eco-friendly technologies to reduce Nigeria's carbon footprint and meet growing housing demands.
Esuabana Nko Asanye, the ministry’s Permanent Secretary, disclosed the plan on Wednesday during a one-day capacity building workshop in Abuja themed "The Relevance of Bamboo for Climate-Smart Housing Construction." `
Source: Legit.ng
