13th Abuja Housing Show, Featured

AIHS Seeks Partnership with 9th National Assembly on Housing, Mortgage Bills

Nigeria’s flagship show on housing and construction, popularly known as the Abuja International Housing Show (AIHS) has called on incoming members of the 9th National Assembly to partner with the show with regards to the passage of necessary housing and mortgage bills that will positively affect the country’s housing sector in a way that it will be more attractive to investors.

The 13th edition of the show is starting from 23rd to 26th July 2019 at the International Conference Centre, Abuja.

This call was made by the Show’s convener, Festus Adebayo, who believes that the incoming assembly has a lot of responsibilities ahead of it when it comes to addressing the policies necessary for a vibrant housing sector in Nigeria.

‘’The Abuja International Housing Show is an assembly of housing and construction policy experts from around the world, suggesting ways to fix the crisis that have over the years prevented Nigeria from addressing its surplus housing deficit,’’ he said.

Speaking further, he said that a number of laws like the land use act, the foreclosure law, the NHF act, mortgage bills among others require urgent attention from the Nigerian legislature in order to remove the obstacles that have always been a problem to providing affordable housing in the country.

‘’At the show, attending members of the national assembly will have an opportunity to widen their scope about industry and public expectations when it comes to these laws. It will help inform their decisions on what they should amend or pass immediately. The public have always emphasised on the need for wide public consultations when it comes to these laws, hence, the Abuja International Housing Show is presenting a free platform and opportunity for that to happen. Members of the national assembly will be able to meet with a wide range of industry stakeholders from Nigeria and beyond, compare notes and become more aware of the most critical issues and how best to handle them,’’ he emphasised.

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According to him, the agenda here is to engage them for a discussion on how to make housing and mortgage bills a priority for their assembly.

“The engagement will be an all-inclusive panel where they will share in a rapport with stakeholders on how to pass outstanding bills, amend ones that are defective and carry out pro-housing legislations.”

Apart from existing laws Adebayo mentioned that the legislators will also develop new ideas from the Show about new areas of legislation with regards to housing and construction in Nigeria. ‘’There will be panels focusing on a range of issues from affordable housing schemes to eco-friendly buildings to mortgage finance strategies to the role of cooperatives in housing and more. All these key areas of housing can be a major source of legislation,’’ he said.

The Abuja International Housing Show has a proven record of contributing to the growth of housing development in Nigeria and Africa. With over 40, 000 participants from Nigeria and over 15 countries, 400+ exhibitors, 30 international speakers and opportunities for sales, the show has been recognised and endorsed by relevant industry stakeholders as the biggest platform for tackling housing deficit in Nigeria. The show has through its programs and quality attendance been able to generate some of the best ideas for scaling housing demand and supply in Nigeria.

The show presents the biggest advocacy forum. Housing policies are often introduced by government whose tenures are largely limited, but the Abuja Housing Show is the only regular and permanent housing platform in Nigeria and Africa where old and new ideas on housing and construction are developed, adapted and presented to relevant authorities for implementation.

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Over the years, the show has been able to provide opportunities for home seekers to access affordable mortgage plans and even Rent-to-Own Schemes. Every year, over 5000 home seekers benefit from the cheap housing plans that are retailed by estate developers and even government housing projects at the show. These offers are usually limited to the show and home seekers know that there is no other way they could have gotten access to such flexible and relaxed payment plans.

At the end of every show, after thorough deliberations by Real Estate Managers, Industry CEOs, Mortgage Finance Executives and Government Officials, there is a communique drawn up, encapsulating the challenges and the solutions or action plans.

These communiques are usually adopted by the government – federal and state – and private organisations in the planning and execution of housing policies/projects which have so far aided them in the efficient provision of more houses.

Even after the shows, stakeholders continue to make reference to the communique in order to achieve maximum results.

This year’s edition which will play host to over 200 Chief Executive Officers (CEOs) from varied firms and institutions in the housing, construction and business industries across Africa and the world will be declared open by the Vice-President of Nigeria and will also be attended by top government executives, including ministers, governors and commissioners of housing.

By Ojonugbwa Felix Ugboja

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