From 23rd to 26th July 2019, over 40, 000 participants from Nigeria and at least 15 countries will convene at the International Conference Centre, Abuja, for Africa’s biggest event on housing and construction – the Abuja International Housing Show (AIHS).
The flagship housing and construction event will among other things including exhibition and making of sales, unfold the most effective and alternative models and opportunities for accessing finance in housing and construction development.
With over 30 international speakers this year, the show will dedicate specialised sessions like the CEOs Forum, Finance Conference and Stakeholders’ Panels to unveil the latest opportunities for developers, mortgage banks, housing and construction investors, agents, architects and others in the industry to the cheapest and most sustainable ways to access finance.
Inadequate access to finance has remained a limiting factor in housing and construction development in Nigeria and Africa. It is therefore the mandate of AIHS to expose developers and other key stakeholders to new funding arrangements that can fast-track their objectives of providing one of man’s greatest needs – shelter.
Key stakeholders and institutions in collaboration with AIHS to make this possible includes CBN, NMRC, FMBN, MBAN, Family Homes Funds, IFC, AUHF, Affordable Housing Institute U.S.A, and many more public and private sector financial institutions.
The show will feature international finance experts like Kecia Rust, Lew Shulman, Debra Erb, Anders Lindquist etc. who have been able to help developers and housing stakeholders in countries like USA, UK, India, South Africa, China, UAE, Egypt and many more find alternative ways of financing housing investment, construction and development.
This year’s show therefore offers privileged opportunity for developers to key into global prospects of finding a way out of the financial limitations that has for so long crippled housing development.
Organisers of the Show believe that a well-funded housing and construction sector can boost a nation’s economy, contribute to the GDP, improve social wellbeing and create multiple jobs.
One of the greatest benefits for developers and investors in this year’s event will be the physical presence of many global and local financial institutions that will be offering subsidised funding packages to willing developers who meet the minimum requirements. With local interest rates at double digits, developers will seize this opportunity to access highly subsidised funds at very flexible conditions.
According to the Show’s organisers, developers and prospective investors will be exposed to numerous funding models including crowd funding, equity funding, stock markets, bonds, private lending, capital grants, tax concessions, carbon credits and many more.
So far, the Show has offered such opportunities in the past, which has led to the construction of multiple housing estates, construction projects, affordable mortgages etc. This year’s edition will not be an exception and will in fact extend the frontiers of financial freedom for developers and investors.
The show which will be attended by numerous high commissioners and international ministers of housing will be declared open by the Vice President of Nigeria, Prof Yemi Osibanjo, alongside governors, state commissioners of land, housing and urban development, national assembly members, ministry of housing, head of all housing related agencies, corporate CEOs and all relevant private and public sector stakeholders in housing and construction.
By Ojonugwa Felix Ugboja