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Affordable Housing, Housing Project

Cooperative Housing: NISH, Family Homes Funds Hold First Edition of Quarterly Workshop

NISH Affordable Housing Limited and Family Homes Funds have convened the first edition of their quarterly workshop on cooperative housing in Nigeria.

The event which took place today at the Shehu Musa Yaradua Centre in Abuja was well attended by representatives of a number of cooperatives in housing from across the country.

According to the MD/CEO of NISH, S K Yemi Adelakun, the theme of this first edition is, ‘’Financing Affordable Housing through Cooperatives.’’

‘’The objectives are to organise, empower, and acquaint cooperative leaders with Innovative Cooperative Housing Principles and sensitise them on how to aggregate members’ equity contributions through savings scheme towards effective and sustainable delivery of affordable housing to Cooperators. The workshop is also designed to strengthen the governance capacity, transparency and accountability of housing Cooperatives through information and communications technology,’’ he said.

According to him, it is common knowledge that there is a huge housing deficit in Nigeria especially in the low and medium income range that must be addressed deliberately and systematically if we are to achieve significant and sustainable success in delivering affordable housing to the teeming population of Nigeria. Housing, as we all know and as popularised by the Maslow Hierarchy of Needs, is one of the most basic needs of humanity.

In the same vein, the MD/CEO of Family Homes Funds, Femi Adewole stated that the workshop is a developmental engagement. ‘’The objective is to develop the capacity of cooperatives around those four platforms. So after this session, we expect to have another one in July, a third one in September, and a fourth one in December,’’ he said.

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According to him, Family Homes Funds and NISH are keen to use this method to ensure that they develop a very strong and effective housing cooperatives system in Nigeria.

The attending representatives of the cooperatives spoke about their challenges and how the organisers of the workshop can aid them.

The two-day workshop is billed to reconvene tomorrow and agree on positions that will advance the cause of cooperatives in Nigeria.

By Ojonugwa Felix Ugboja

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