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The thorny problems preventing the delivery of affordable housing and mortgage penetration were highlighted in Abuja last weekend by real estate players. Dayo Ayeyemi Reports
Built Environment Experts and Other Stakeholders Investigate Best Practices to Overcome Real Estate and Mortgage Challenges to Strengthen Home Ownership Among Nigerians and Promote Economic Growth .
Promoters, Architects, Builders The experts, who converged in Abuja for a one-week housing show, have listed inadequate finances, the high cost of funds and building materials, the administration poor land tenure, the lack of creativity in architectural design and the difficulty of accessing land as thorny issues militant against the provision of affordable housing
Structures and Policies for Impact ", the forum was organized by Festus Adebayo Fesadeb Communications Limited .
Various Views
Speaking at the forum, President of the Real Estate Development Association of Nigeria (REDAN), Chime Ugochukwu, a surveyor, identified the poor land administration process as one of the thorny problems of According to Chime, the land has a lot of characters such as registration, the allocation of title deeds and l & # 39; in some communities, and in some places, developers can not access the land because of these problems.
make recommendations that will improve housing development in the country.
The REDAN boss also called for a dynamic policy to accommodate the interests of financiers and investors not included in the laws and policies in force in the country
. The Nigerian Constitution of 1999, Section 16, under the basic objectives of state policy, has forced the country to provide adequate shelter to all citizens.
He urged the government to ovide as the main responsibility in establishing a policy framework and creating an environment conducive to the development of real estate business.
million. Kenneth Nduka, President of the Nigeria Building Institute (NIOB), called for effective synergy among professionals. Through synergy, he said professionals would ensure that only standard building materials are used for the supply of affordable housing.
Ms. Freda Prempeh, Ghana's Deputy Minister of Public Works and Housing, Urged African Countries The deputy minister noted that despite the fact that the continent was endowed with natural resources such as timber, clay and granites, among others, these have not been exploited for housing development.
She called on African governments to collaborate with the private sectors to acquire the infrastructure needed for effective housing development.
Finance
The executive director of the Nigeria Mortgage Refinancing Corporation (NMRC), Chi Akporji, noted that NMRC had developed a technology platform that brought together Stakeholders and key players in the industry She denounced cases of unoccupied homes in Abuja and elsewhere in the country, adding that studies had revealed that homes were being used by corrupt people to steal the property. stolen money. [19659003SomeUndertakingsforIndigenousConstructionCalledontheFederalGovernmenttoAssisttheminDevelopingTheirBusinesses
Mrs. Helen Uchechukwu, Executive Director of Window Story, Urged Government to Turn to Small and Medium-Sized Enterprises (SMEs) She said: "The Bank of Industry and the Central Bank of Nigeria should trying to identify and badist SMEs through the show because most construction SMEs "
According to her, some SMEs are looking for loans and incentives to boost their business but, because some bottlenecks they can not achieve.
Assistant Manager, SOLIGNUM Nigeria, Mr. Gosife Etele, said that the company's participation in the show had helped his organization to strengthen sponsorship through awareness and awareness created during the show.
Other manufacturers Building materials have also urged the government to help local builders. companies are in dire need of steel to increase their production.
Suggestions
The Director of the Housing Studies Center of the University of Lagos, Professor Gbenga Nubi, called on governments to replicate the model of Jakande Mbad Housing Scheme in all the states of the federation. Federal Capital Territory to fill the estimated deficit of 17 million homes in the country.
Nubi has expressed concern over the country's inability to do things right in housing supply after Alhaji Lateef Jakande's mbadive housing plan. He emphasized that the government has a responsibility to provide housing for its citizens, to make the infrastructure useful and to have access to construction equipment. "
According to him, Jakande's housing plan sold two flat bedrooms for N2, 500 against N50, 000 obtainable in the mark and then, insisting that if the government could imitate such a feat, it would guarantee affordable housing to officials and other housing seekers.
Akporji corroborated Nubi on the replica of Jakande's housing plan for the states, saying that the government should across the country.
[19659003] Government Response
The Minister of Energy, Public Works and Housing, Babatunde Fashola, said the new federal government policy would ensure the local production of building materials for reducing the cost of housing in the country.
The Minister stated that the new policy would boost the housing sector and create jobs.
Babajide Odusolu, Special Advisor ial for property and investment in the state of Ogun, called for concessions for the provision of affordable housing.
Odusolu also advocated the pioneering status for actors of the real estate subsector's tax incentives, the use of technology in the construction, examination of planning guidelines to encourage the planned densification and l & # 39; Granting tax concessions to affordable housing developers.
He also sought review of vocational training policies and procedures and mortgage repayments for the first home. Odusolu, who is also the managing director of the Ogun State Ownership and Investments Corporation (OPIC), pointed to the use of technology as formwork technology in construction, adding, "He added that the use of formwork technology was 25 to 40% cheaper thanks to time and cost savings.
] CIPO Chief Executive Officer identified supply issues critics like equipment supply, huge labor deficit, infrastructure deficit / financing and restrictive tax and tax policies.
Last line
Efforts should be made by the organizers of this forum to gather their results and all suggestions should be made in a communiqué and forwarded to the government for the necessary measures to be taken. ises.:
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