REAL ESTATE
Developers Association
of Nigeria, REDAN, has
identified land issues and
lack of finance as major
bottlenecks needed to be
tackled in the housing
development sector.
Mr. Ugochukwu
Chime, the President
of the association
made the observation
on Wednesday at its
Building Expo and
intensive workshop for
real estate developers in
Abuja.
Chime regretted that
there was no finance,
no access to land and
no law backing estate
development in the
country.
“There is no real estate
bill, the building of houses
should be streamlined
so that we will know
who does what.” He
said that the private
sector and government
did not know what was equired to build a house,
adding that other various
components such as legal
backing were not in place.
He said that in Nigeria
individuals was in the
habit of building there
own houses but the
paradigm shift from that
to mass housing has not
been captured, adding
that it was needed to solve
the problem of housing
deficits.
The Minister of Power,
Works and Housing,
Babatunde Fashola
urged REDAN to take
the advantage of the
recently two billion
dollar Memorandum of
Understanding, MoU
it signed with Federal
Mortage Bank Nigeria and
SHELTER AFRIQUE to
provide affordable housing
for Nigerians.
Represented by Mr.
Abiodun Oki, Special
Adviser to minister on
housing, Fashola noted that the expo would project
the sector to innovations,
thereby resuscitating and
strengthening the industry.
Mr. Anthony Okwa,
Managing Director,
seas, PSkills, Training
and Empowerment
Programme, C-STEmp,
presented a paper entitled,
“Standardisation and Local
Content for Housing”.
Okwa noted that
standardisation can only
be achieved when there
are generally accepted
guidelines with regard to
the production of houses.
The expert said in order
to derive meaningful
benefits of standardisation,
stakeholders should
focus on consideration of
standardised components
and building materials for
the construction of houses
to reduce production and
maintenance cost.
“The preponderance
of substandard houses,
deficit in supply and unaffordability across
the country has made
standardisation and
enhancement of local
content necessary for the
removal of variations
and irregularities in the
activities of housing
delivery.
“Formulation and
implementation of building
standards in Nigeria has
been quite slow, this has
provided space for foreign
materials, substandard
building resources and
quackery.
It would be noted that the
two day event has its theme
as “Investing in Real Estate
for Economic Recovery and
Expansion,”idelines with
regards to the production
of houses,” Okwa said.
He further noted
that at a project level,
standardisation of activities
and processes of housing
delivery can enable the
reduction of waste and
increase in efficiency.

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