Federal Ministry of Power, Works and Housing, in partnership with the German Development Cooperation and other collaborating private development partners, will next week convene the first National Summit on Affordable Housing, where stakeholders are expected to brainstorm in order to proffer a clear, sustainable, realistic and strategic blueprint for inexpensive housing delivery in Nigeria.
According to a statement signed by the assistant director, Press and Public Relations Department of the Housing Ministry, Mrs. Eno Olotu, yesterday, the summit is in line with the change mantra of the present administration to vigorously pursue infrastructure development and specifically address the housing needs of Nigerians.
The summit, which will be declared open by the Minister of Power, Works and Housing, Babatunde Fashola, at the Transcorp Hilton, Abuja, on Monday, June 27, will amongst other key objectives seek to provide opportunity for property developers and other service providers in the industry to showcase existing housing stock, building materials and new construction technologies that could reduce costs and enhance efficiency for affordability of housing units in Nigeria.
The statement indicated that stakeholders during the sessions would deliberate on five key pillars in which the summit had been premised upon.
These include issues of Land, Concessions/Incentives and Housing Finance, including Off-Taker Strategy and General Skills Development/Technology.
The summit will also deliberate on key constraints and challenges militating against the provision of affordable housing in the bid to examine and proffer solutions during the two-day event.
Policy makers, investors, professionals in the built industry, banking institutions and capital market players will form part of discussants at the summit.

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