The Real Estate Development Association of Nigeria (REDAN) has honoured Dr Lateef Jakande, Prof. Akin Mabogunje and many others for their immense contributions in the housing sector.
The merit award was given to 16 developers in the sector on the sideline of the fifth investiture of REDAN re-elected President, Rev Ugochukwu Chime and the Executive members in Abuja.
Jakande, pioneer President of REDAN, Mabogunje, former Chairman, Federal Mortgage Bank of Nigeria (FMBN) Technical Board and Chief Guy Okechukwu, REDAN former Secretary General were honoured for their sacrificial role and commitment in the sector.
Among the 16 award recipients were Millard Fuller Foundation, FMBN, FHA, Ekiti state Housing Cooperation, Ebonyi state Housing Cooperation, JEDO Investment Ltd., COPEN Group Estate, CITEC Estate Ltd. and Shelter Initiative Ltd.
Chime said that the award was aimed at encouraging real estate developers unto more inventiveness, diligence, resourcefulness and perseverance in the industry.
According to the president, the awardees have successfully completed their estates and fully repaid the Estate Development Loan (EDL) they took from FMBN.
“The merit award is aimed at appreciating the developers for of their innovation and demonstration of viability of affordable housing initiative.
“The challenges hindering a seamless interface of and smooth transaction on the housing value chain has been identified and will be dealt with progressively.
“Issues of data, finance, land administration, monitoring and compliance with extant laws and best practice among others are top on our priority list,’’ the professional said.
In response, Dr Sam Odia, Managing Director, Millard Fuller Foundation, one of the awardees, thanked the new REDAN management on the honour bestowed on them.
Odia said that his passion and effort in Providing affordable housing in Nigeria would continue till all homeless Nigerian became home owners.
The foundation, a faith based organisation, is known for its quest in providing affordable housing units for low income earners.