Finance

August 6, 2012

Developers seek ways to transform housing sector

Property developers, under the aegis of Real Estate Developers Association of Nigeria (REDAN), plan to use the occasion of their tenth anniversary, coming up later in the year, to deliberate on how best to transform the nation’s housing sector to meet international best practices.

A statement by Chairman, Publicity Committee for the event, Mr. Niyi Odutayo, stated that a number of housing related activities have been lined up to commemorate the occasion, which is scheduled to hold from 9th – 11th, October, 2012, in Abuja.

The programme for the event include an international housing summit, award for eminent Nigerians who have made sterling contributions to housing development in the country, a housing workshop, a tour visit of the UK housing finance sector, among others.

In order to ensure a fruitful event, the statement added that REDAN is calling on all stakeholders in the housing sector, including its members and affiliates, to support the programme and make it a resounding success. “There is no doubt that REDAN has greatly impacted on the progress of housing development in the country.

Although, there are quite a number of grounds to cover, the effect of REDAN as a pressure group has added tremendous bite to housing advocacy and sensitization, especially since its formation 10 years ago. REDAN today is recognized by government as the only organized private body saddled with the basic need of providing affordable housing in the country,” the statement added.

Odutayo further stated that eminent personalities expected at the occasion include Vice president of Kenya and his Botswana counterpart , Nigeria’s Vice President, Arc. Namadi Sambo; Minister of Land, Housing and Urban Development, Ms Ama Pepple; FCT Minister, Senator Bala Mohammed; Governors of Akwa-Ibom, Kwara, Lagos,
Kaduna, and Central Bank of Nigeria.