The Real Estate Developers Association of Nigeria (REDAN) says it will spare no effort to make housing accessible and affordable for all Nigerians.
REDAN said it plans to achieve this goal through its Urban Rural Housing Initiative (RUHI-774).
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Dr Aliyu Wammako, President of REDAN, made the declaration during the Extraordinary General Assembly 2021 of the association, Wednesday, in Kaduna.
Wammako said about 710 general managers of real estate development companies, who were members of the association, were in Kaduna to deliberate on issues of general interest, progress and growth of the association.
He said REDAN, under his leadership, has proposed modest strategies to provide affordable and accessible housing to Nigerians in urban and rural areas.
According to him, the program will provide employment opportunities for the unemployed and skilled workers, through the development of at least 100 housing units in each of the 774 local government zones (LGAs) of the federation and the Federal Capital Territory. .
Wammakko further explained that the association had secured a financing window from Family Home Funds Limited, Shelter Afrique and Federal Mortgage Bank, among others.
He said the association is also partnering with manufacturers of housing products and will source materials locally at a heavily subsidized rate.
Wammako also said that, in an effort to bring common sense into real estate practice and development in Nigeria, the association had presented the Real Estate Regulation and Development Bill to the 9th Senate for possible passage of the law.
The Nigerian News Agency (NAN), reports that Congress has also approved the increase of the Association’s Board of Directors (BoT) from nine to 13, as stated in Article 3 of the constitution. REDAN.
The real estate helmsman has listed the board members to be included; Mr. Sam Ogiri of Delta Mega Trend Nigeria Limited (South-South), Alhaji Husseini Abubakar of Valex Investment limited (North-East), Dr Aliyu wammako of Jedo Investment limited (North-West) and Dr Mohammed Sanusi of HQ Solutions Global Investment limited (Northwest)).