PROP­ERTY Echoes from 10th Abuja Hous­ing show

Daily Trust - - PROPERTY -

This year`s edi­tion of Abuja Hous­ing Show held be­tween 18th -20th of July was at­tended by many dig­ni­taries which in­cluded the Se­nate Pres­i­dent, Dr. Abubakar Bukola Saraki, Min­is­ter of Power, Works and Hous­ing, Mr. Ba­batunde Raji Fashola, Gover­nor Ab­dul­lahi Umar Gan­duje of Kano State, Min­is­ter of State for En­vi­ron­ment , Jib­rin Ibrahim, Mustapha Dawaki, Chair­man House Com­mit­tee on Hous­ing, Turk­ish Am­bas­sador to Nige­ria, Hakan Çak“l, TUC Pres­i­dent, Com­rade Bob­boi Kaigama, the Real Es­tate De­vel­op­ers As­so­ci­a­tion of Nige­ria(REDAN) pres­i­dent Rev. Ugo Chime and 23 com­mis­sion­ers of Hous­ing from var­i­ous states of the fed­er­a­tion.

The 2016 edi­tion was de­clared open by the Se­nate Pres­i­dent, Dr. Bukola Saraki.

Speak­ing at the event where stake­hold­ers in the hous­ing sec­tor brain­stormed on the theme: “Ex­pand­ing Ac­cess to Af­ford­able Hous­ing in Africa,” Saraki as­sured that the Se­nate and the Na­tional As­sem­bly as a whole is com­mit­ted to mak­ing a dif­fer­ence in the hous­ing sec­tor.

The Se­nate Pres­i­dent, re­act­ing to ob­ser­va­tions that the ex­ist­ing hous­ing laws need re­spec­tive amend­ment and re­peal, charged the or­ga­niz­ers of the sum­mit to take a fur­ther step by for­ward­ing a doc­u­ment of laws re­quir­ing amend­ments to the Na­tional As­sem­bly for prompt at­ten­tion.

Saraki said that the Se­nate has com­menced the re­view pro­cesses of sev­eral laws af­fect­ing prop­erty rights and ac­cess hous­ing in the coun­try while the re­view of the Na­tional Hous­ing Fund Act is on-go­ing and would be com­pleted be­fore the end of the year.

Na­tional Or­gan­is­ing Sec­re­tary (APC) and Chair­man of FESADAB me­dia group, Sen­a­tor Osita Izu­naso , said that the hous­ing deficit in Nige­ria is pegged at 17mil­lion hous­ing units and that, as at today, only 10 per cent of those who dream to own a house in the coun­try can af­ford it com­pared to 92 per cent house own­ers in Sin­ga­pore.

He said that the cen­tral ob­jec­tive of the sum­mit is to come up with fea­si­ble strate­gies on how to end the prob­lem of home­less­ness in Nige­ria.

In his ad­dress, Min­is­ter of Power, Works and Hous­ing Mr Raji Fashola charged stake­hold­ers to ed­u­cate Nige­ri­ans on af­ford­able hous­ing as well as de­fine what it en­tails for in­di­vid­u­als to ac­quire a home with the in­come avail­able.

The ex­hi­bi­tion of af­ford­able homes, in­no­va­tive build­ing ma­te­ri­als, con­struc­tion ma­chin­ery, mort­gage ser­vices and home in­te­ri­ors, among oth­ers were on dis­play by both lo­cal and for­eign ex­hibitors at the show.

The Home Expo fea­tured ex­hibitors from 10 coun­tries and ma­jor stake­hold­ers from dif­fer­ent area of the Nige­ria Hous­ing In­dus­try.

Some of the ex­hibitors and par­tic­i­pants de­scribed the show as an av­enue to em­brace the lat­est tech­nolo­gies in the hous­ing and con­struc­tion in­dus­try with in­no­va­tive ways of ex­pand­ing ac­cess to hous­ing in the sec­tor.

One of the ex­hibitors, Mr Gu­ru­das Ka­mat of LOTTO SOUDAL, an EMEL Autho­rised Dis­trib­u­tor in Nige­ria, noted that the show had ex­posed the par­tic­i­pants to new hous­ing prod­ucts in the in­dus­try.

Mr. Olatunji Aiye­dog­bon, Area Sales Co­or­di­na­tor, Sand­tex Port­land Paints and Prod­ucts Nige­ria Plc., urged govern­ment and stake­hold­ers in the in­dus­try to go be­yond the­o­ries and em­brace proac­tive ac­tion to boost the hous­ing sec­tor.

Also, Shakti Mo­hanty of Royal, a com­pany which man­u­fac­tures as­sorted lo­cally made tiles called for favourable poli­cies and mort­gage in­ter­est rate re­duc­tion to cre­ate an en­abling en­vi­ron­ment for the play­ers in the hous­ing sec­tor to grow.

The or­ga­niz­ers said that this year Abuja Hous­ing Show was at­tended by 182 ex­hibitors.

From left: Fes­tus Ade­bayo, con­vener Abuja Hous­ing Show, Sen. Bukola Saraki, Se­nate Pres­i­dent, Osita Izu­naso, Na­tional Or­gan­is­ing Sec­re­tary, APC, Ab­dul­lahi Umar Gan­duje, Kano State Gover­nor and Ba­batunde Raji Fashola, Min­is­ter for Power, Works and Hous­ing at the Open­ing Cer­e­mony of the 10th Abuja Hous­ing show.

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