Adeyemo Urges Tinubu to Appoint Credible Monitors for FG’s Housing Project

Real estate entrepreneur, Dr. Babatunde Adeyemo, has advised President Bola Tinubu to assemble a team of high-integrity professionals with proven track records to oversee the federal government planned construction of 100,000 housing units nationwide.
The project, recently approved by the President with a budget of N126.5 billion, aims to address the country’s housing deficit.
Adeyemo called for effective monitoring to ensure the project’s success, citing past experiences where significant investments in similar projects failed to yield desired results due to lack of proper oversight.
He also stressed the need for a strong monitoring team comprising professionals with a good antecedent to guarantee delivery.
He gave the advice when he paid a courtesy visit to the members of the Consolidated Chapel of Ogun State chapter of Nigeria Union of Journalists in Abeokuta yesterday.
“I implore the president to follow up with a very strong monitoring team, strong professionals with good antecedents, people who can deliver,” Adeyemo said.
” President Bola Tinubu should find a way to look for people of high integrity with proven track records to monitor its planned project of building 100,000 housing units for Nigerians and the recent approval of N126.5 billion for it.
Adeyemo added “In times past, governments in the past have invested money in such projects but we don’t see the value simply because they are not being monitored.”
Speaking on the provision of low cost housing estate by the federal government, the CEO of Pelican Valley said it will be difficult for the federal government to develop a low cost housing estate for the people.
He noted that the country cannot provide low cost estate in an inflation-ridden economy.
His words “It Will be difficult for both the state and federal government to have a low cost housing estate. There cannot be low cost estate in an inflation ridden economy because the price of cement in the market cannot be subsidized by the government.
“There is a limit to what the government can subsidize in the building and the cost of building. Government don’t ma manufacture iron, the government doesn’t manufacture cement.