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Housing show to drive finance models – Convener

The Convener of the 13th Abuja International Housing Show (AIHS) says the show will focus on driving sustainable housing finance models to achieve affordable houses.

Mr Festus Adebayo, Managing Director, FESADEB Media Group and the convener disclosed this in Abuja on Wednesday while speaking on the level of preparation for the forthcoming show.

The AIHS would feature more than 400 foreign and local exhibitors and 35,000 participants across 20 countries, scheduled for July 23 to July 26, at the International Conference Centre, Abuja.

The theme of the show is: “Driving Sustainable Housing Finance Models in the Midst of Global Uncertainties’’.

Adebayo said that the theme stemmed from the outlook of global economy that could tend toward another recession and the attendant impact such an event could have on Nigerian affordable market. “The likelihood of global recession is on the level of increase of global debt

“According to International Monetary Fund (IMF), the global debt has reached `an all time high’ of 184 trillion dollars in nominal terms. “In addition to the likelihood of recession is the rising level of global uncertainties,’’ he said.

This, he said, were fuelled by nationalistic sentiments such as the ongoing tussle between China and the United States of America and also between European Union and its member states like United Kingdom.

“Coupled with the current monetary tightening it is expected to increase in Europe and USA,’’ the convener said. The expert explained that the show had also introduced innovations in the 13th AIHS exhibition aspect that would give enough room for networking among participants.

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“The second AIHS Chief Executive Officers forum will feature 100 high ranking CEOs of mortgage banks, real estate institutions and companies, construction companies’ professional bodies and international investment organisations.

“The international investor’s dinner will also feature delegations from Turkey, Rwanda, China and United Arab Emirate to deliberate on way to achieve affordable housing.”

On the successes recorded in the past by AIHS, Adebayo noted that its recommendations were taken and complied with by many states across the country.

“Our recommendations were well utilised in Osun where we now have a full-fledged mortgage bank owned by the state government.

“It is also working in many states including Niger state where the state is developing its mass city involving aggressive estate development to explore the opportunities of the population influx from Abuja.”

He expressed hope that the in-coming administration would do more in the area of housing to drive the country’s economy. “We are also aware that most houses have been delivered under the present government.

“But we are adamant that our focus in the 13th AIHS will be more on the area of affordability of these houses that government is building,’’ he said. (NAN)

Source: Ella Anokam

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