Nigeria remains a major stakeholder in the Shelter Afrique project, as the country’s total investment in the entity hit over 22 million dollars in 2022.
Speaking at the 42nd annual general meeting in Abuja, the minister of Works and housing, Babatunde Fashola stated that under the banner and brand of Shelter Afrique, African countries have been on a shared journey of African patriotism to reduce inequality amongst citizens by making shelter accessible, affordable and dignifying.
Shelter Afrique is a pan-African finance institution established with the aim of supporting the development of the housing and real estate sector in Africa.
At a gathering of experts in the Built industry, Works and Housing minister Babatunde Fashola, explained that beyond financial capital,
Nigeria has also contributed to the human capital to provide interim leadership for the housing development entity at its most turbulent period.
He said on the domestic front, there has been increasing private sector participation in the delivery of an assortment of housing types for low- and high-income demand.
The minister of finance, budget and national planning, Zainab Ahmed stated that the country’s investment in the company is among its most performing investments.
For her, the size and scope of the challenges hindering provision of housing infrastructure has continued to cascade over the years.
Despite the global economic downturn recorded in the recent years, African countries have continued to post positive growth.
The Development Housing Institution explained that inspite of the numerous economic challenges, the company has continued to show resilience.
As a continental institution, committed to making positive impacts on the built environment in Africa, it is expected that there will be an elaborate report on the outcomes of this symposium
This would help set up a stronger launchpad for future intervention projects and investment programmes.
