The challenges confronting housing finance, from the perspectives of both lenders and borrowers, will be under scrutiny at the sixth edition of the International Housing Finance Workshop (IHFW) holding in Lagos at the end of this month, June 28 to 30 to be precise.
The workshop is an annual event that brings together stakeholders, beneficiaries, legal bodies, developers, government authorities and all players in the housing industry in Nigeria.
Facilitators of the event declared that the IHFW series started as a result of the intelligence gap that existed in the housing delivery system in Nigeria, which manifested in terms of policy failures and institutional weakness in both public and private sectors.
They therefore see the occasion as an opportunity for knowledgeable and experienced minds to come together to discuss the challenges facing the housing sector in the country, creating innovative ways of improving and progressively solving the challenges in the industry.
â€œThis yearâ€˜s workshop will create a more interactive forum to provide the opportunity to interact, brainstorm, exchange views and compare experiences in informal, yet focused discussions. The theme will address how investments can be made in the housing industry to achieve vigorous results and development in the sector, while maintaining profitable returns.
â€œThe housing industry has immense potential, which can be tapped and enhanced to create better opportunities for people to own homes. The housing market is among the most important in the economy and accounts for a sizeable portion of the production activity of a country,â€ the organisers stated.
The theme for this year, â€œInvestors Camp: Quick Wins to Housing Finance,â€ according to the organisers, was conceived to bring together local and international investors to fashion out housing solutions that would deliver immediate results. It will also afford international speakers from around the world to demonstrate strategies used in their countries to tackle and improve housing issues similar to what is being faced in Nigeria .
Speakers expected at the conference include the Housing Finance Consultant, International Finance Corporation (IFC), Malaysia, Mr. Narayanasamy Kokularupan; International Consultant, Abbey Society Plc, Mr. Jacques RaÃ®che; Chairman, Real Estate and Housing Developers Association of Malaysia, Mr. Dato Michael C. Yam; Director, Investors Relations SP Setia Development Company, Malaysia, Heng Cheong, among others, in addition to over 25 speakers from Nigeria.