Login Register
feel free to call 09056000005

Advocating for Regulatory Reforms to Enable Affordable Housing in Nigeria

Developers are advocating for enhanced housing regulations to improve citizens' access to land in the housing sector. This call was emphasized during a recent interaction with journalists following a Real Estate/Housing Reporters’ Workshop held in Abuja.
Real Estate News (@realestatenews) / X
The workshop, themed “Promoting Real Estate Investment through Informed Media Alliance and Sustained Professionalism,” provided a platform for industry stakeholders to discuss crucial issues.
 
Segun Abolaji, the Managing Director of Leisure Court Estate Limited, highlighted the need for government intervention to address the affordability of land. He pointed out the absence of robust regulation in Nigeria's real estate sector compared to countries like the United States, where land ownership is more regulated. Abolaji emphasized the challenges faced by real estate developers in acquiring land, often facing higher hurdles compared to politicians.
Additionally, Abolaji underscored the impact of rising costs of construction materials, particularly cement, which is mainly imported. He stressed that these escalating costs hinder the feasibility of affordable housing projects.
 
In urging government intervention, Abolaji reiterated the importance of regulating land ownership to facilitate affordable housing initiatives. He also highlighted the need to address profit-oriented practices that drive up housing costs, making it challenging for practitioners to deliver affordable options.
 
In summary, developers are calling for regulatory reforms to streamline land acquisition processes, reduce construction costs, and promote affordable housing solutions in Nigeria.
 
Source: PunchNG

Similar Topics

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

9 days ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

9 days ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

13 days ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

13 days ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

20 days ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

21 days ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

22 days ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

27 days ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

a month ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

a month ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

a month ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

a month ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

a month ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

a month ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

a month ago Read More

Ahmed Dangiwa, minister of Housing and Urban Development, has said that unlocking Nigeria’s...

a month ago Read More

Experts in the built environment have emphasized that effective urban planning and infrastructure...

a month ago Read More

The Council for the Regulation of Engineering in Nigeria (COREN) has highlighted a legislative...

a month ago Read More

The state of the country’s economy has affected the real estate sector adversely in 2024, a...

a month ago Read More

The Council for the Regulation of Engineering in Nigeria has inaugurated a National Technical...

a month ago Read More