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13th Abuja International Housing Show – Unlocking New Opportunities

Conferences | CEO Forum| Professional Networking | Housing Information | Property Tours and sales………

Looking for Real Estate Investment Opportunities?
•Meet top government officials to key into ongoing housing projects
•Connect with private sector leaders and negotiate areas of partnerships.

Looking to buy a property in Nigeria?
•Participate in the Prospective Home Owners forum to learn about the best housing deals available
• Get information about affordable homeownership opportunities including NHF and other Mortgage Options.
• Learn about Developer led initiatives on down payment assistance programs.
• Find out about new projects / developments around the country, and join a bus tour to a few projects in the FCT.

Need Affordable Refinancing? Need help with past due mortgage issues? Facing eviction or foreclosure?
• Learn about affordable refinancing programs.
• Understand your rights as a homebuyer.
• Connect with legal resources and foreclosure prevention services.

Having trouble with your mortgage payments?
• Receive coaching from a certified housing counselor.
• Apply for programs that help reduce your mortgage payment or bring your delinquent account current.
• Speak face to face with mortgage lenders. Bring your loan documents and speak with representatives from mortgage banks.

In need of access to valuable industry information?
•Participate in the CEOs forum to hear from experienced and qualified CEOs on how to excel in the industry.
•Have your most pressing questions answered by the most qualified professionals.

Looking for a new market?
•Show case your products and ideas on a platter of gold.
•Make on spot sales of products and innovations.

Register now and stay tuned for information on the largest Housing Expo in Africa with conferences and property tours led by industry experts and supported by all the leading brands in the Nigeria construction industry…www.aihs2019.com

Home Seekers Urged to Attend 13th Abuja International Housing Show

Those looking for the best opportunity to finally own their own homes have been called to attend the 13th edition of Abuja International Housing Show which is slated for 23rd – 26th July 2019 in Nigeria’s capital city, Abuja.

The show has a history of assembling the best real estate companies, mortgage finance managers and government officials offering the most affordable housing deals for interested home seekers.

According to the show’s convener, Bar Festus Adebayo, the show has a mandate to help address Nigeria’s housing deficit which leaves many people without the opportunity of owning a decent home of their own.

“Owning a home is one of man’s greatest needs, yet it is a major challenge in Nigeria. But we can all come together and solve this. At Abuja International Housing Show, prospective home seekers will have a variety of convenient and affordable mortgage options to choose from. There is no show that brings that much opportunity in Nigeria,” he said.

According to him, over 5000 people have benefited from such window of opportunities in the past years after attending the event.

“We have testimonies from a lot of people who gave up the dream of becoming home owners. But attending this event opened their eyes. You don’t have to be a millionaire to own your own home. There are opportunities to own homes that are so cheap that the buyers wouldn’t feel the burden because of how relaxed and spread the payment plans are. We are passionate about people owning their own homes, and this is what the Housing Show has achieved over the years,” he added.

Many stakeholders also believe that when the supply of housing options are available in this manner, it can easily reduce the pricing, which is a great advantage for the buyers.

The call is therefore an important one for home seekers as opportunities of this kind are very rare.

According to Adebayo, over 200 estate developers including all leading brands from Lagos, Port-Harcourt, Kano, Ogun and Abuja will be at the show.

The Show will also be attended by top dignitaries like Vice President, Yemi Osinbajo and other international housing stakeholders and companies, and registrations are ongoing.

By Ojonugbwa Felix Ugboja

 Construction Industry Professionals Urged to Attend 13th Abuja International Housing Show

Professionals in the building and construction industry are called to attend the 13th edition of Abuja International Housing Show which is slated for 23rd – 26th July 2019 in Nigeria’s capital city, Abuja.

The Show boasts of a history of hosting the biggest housing and construction event on the continent with over 25, 000 attendants from across the world.

Professionals in the housing and construction industry have been particularly invited to attend this year’s edition because of the opportunity to have access to privileged information on the newest industry trends in the industry as shared by experienced speakers and business executives assembled from all over the world.

According to the show’s convener, Bar Festus Adebayo, the show will feature a CEOs Forum, which will present a learning opportunity for attendants to listen to some of the most successful industry CEOs and professionals from different countries and companies.

“We are very excited about the calibre of CEOs that will be attending this year’s event, and it is a great opportunity for industry professionals to attend and learn how to improve and be in tune with the latest developments in building and construction,” he said.

The show has also been endorsed by a lot of industry stakeholders as a place for professional networking, innovation sampling and product marketing.

Construction professionals are not only encouraged to attend in order to learn new things, but to also meet with industry top dogs and strike business relationships.

The Show will also present Opportunities to introduce and market new products and ideas.

According to Adebayo, it is the greatest platform on the continent to meet the biggest and most trusted buyers and investors.

“A lot of innovators have been able to market and sell their ideas here. Generally, the Abuja International Housing Show is a marketplace of ideas and contact,” he said.

According to him, over 200 estate developers including all leading brands from Lagos, Port-Harcourt, Kano, Ogun and Abuja will be at the show.

The Show will also be attended by top dignitaries like Vice President, Yemi Osinbajo and other international housing stakeholders and companies, and registrations are ongoing.
[9:27 AM, 4/26/2019] Festus Adebayo: 13th AIHS and New Ideas for Financing Affordable Housing

Affordable Housing for all Nigerians will, among other things, be at the core of discussions at the upcoming 13th edition of the prestigious Abuja International Housing Show (AIHS) billed to hold from 23rd to 26th July 2019 in Nigeria’s capital, Abuja.

Nigeria has a low homeownership rate, lower than that of Indonesia (84 percent), Kenya (73 percent), and South Africa (56 percent). The major issues that continue to affect housing in Nigeria include constraints related to the high cost of securing and registering secure land title, inadequate access to finance, slow administrative procedures, and the high cost of land. It is clear that the mortgage finance industry in Nigeria is still in its infancy, targeting primarily high income earners and largely excluding middle and low-income earners. For the majority of Nigerians, mortgage finance is not an option due to the lack of a robust land tenure and financial system, and because loan repayment costs remain prohibitively high.

As a result of the high cost and limited production of affordable housing in Nigeria, an important number of its population lives in rented property which condition varies from shacks to formal housing with highly speculated rent. Neither the government nor the private sector provides sufficient housing units especially for the masses that need and demand it. Formal housing production is at approximately 100 000 units per year and this is highly inadequate because at least 1 000 000 units are needed yearly to bridge the 17 to 20 million housing deficit by government’s target date of 2033.

It is in recognition of these seemingly daunting challenges that the Abuja International Housing Show is being convened. It is a significant platform for real estate companies, mortgage finance managers, housing experts from all over the world and government officials to come together in a marriage of ideas to suggest tested and trusted modalities of solving these age-long challenges.

According to the convener, Bar Festus Adebayo, the show will feature a CEOs Forum, Panel Discussions, Breakout sessions, and individual keynote speakers with the purpose of identifying and analysing the methods of housing finance adopted by the country’s institutions, low income and informal groups in order to recognise the loopholes and suggest better plans.

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According to Adebayo, most Nigerians have to rely on informal and traditional home financing options which are largely ineffective. The show will present opportunities for new ideas that wouldn’t only lead to the financing of affordable housing, but a high quality one.

“There are a lot of misconceptions that affordable housing should be equal to sub-standard housing. That is not true. The kind of housing arrangement we are seeking for Nigerians will not only come with quality but must be backed by insurance as well. We also need to address both affordability and accessibility together. We do not only need to sustainably build affordable housing, we also need to create an access to that housing,” he said.

According to Adebayo, a number of issues in the housing sector which includes Property Registration and Title Documentation Uncertainties, Land Use Act, NHF, Infrastructural Inadequacy, Paucity of Long Term Funds, High Cost of Building Materials, Enforcing Foreclosure, Nigeria Taxation System, Construction Method and Permits Issue among others will be extensively discussed with inputs from both public and private sectors.

This year’s event is highly anticipated because of the number of stakeholders that will be coming from over 20 countries with ideas and innovations.

According to Adebayo, over 200 estate developers including all leading brands from Lagos, Port-Harcourt, Kano, Ogun and Abuja will be at the show, not to mention the ones coming from countries like USA, Britain, UAE, South Africa, Ghana and Kenya.

The Show will also be attended by top dignitaries like Vice President, Yemi Osinbajo and other ranking international housing stakeholders and companies, and registrations are ongoing.

Macro-economic impact on real estate to dominate discussion at housing forum

Impact of macro-economic and socio-political environment on the Nigerian real estate market will dominate discussions at this year’s edition of the Abuja International Housing Show (AIHS), which will be taking place in the Federal Capital Territory, Abuja.

AIHS is an annual gathering of high profile professionals who are founders and business owners, and this year’s edition, 13th in the series, anticipates over 200 CEOs of real estate, mortgage, housing finance, and construction companies and institutions who will be beaming search-light on the challenges of the real estate market.

“This event is also a collaborative and supportive environment for leaders in Nigerian real estate industry support services and mortgage banks. Participating in the forum will increase high level business contact,” Festus Adebayo, CEO, Fesadeb Communications, said.

Fesadeb Communications, the organiser of the event, is a real estate market-focused organisation that has taken its crusade for the market growth and development to a new high with the Abuja housing show, which brings together both the public and private sector stakeholders to identify market problems and proffer solutions.

“The forum provides avenue for meeting counterparts from other parts of the country and beyond; with an ever changing world, such as we have, it is indeed very timely to have all these top leaders converge for the sake of advancement. Various ideas and experiences from several places will greatly enable the participants to forge effective models of operation, Adebayo noted.


Apart from conferences and products exhibition, there will also be a CEO Forum on the first day aimed to tackle several challenges, especially the recurrent ones, in the housing sector. It is hoped that the attending CEOs will proactively engage the show with first hand, authentic and relevant information on issues pertaining to the industry.

Major highlights of the event, according to the organisers, are the showcasing of innovative developments in the housing industry, paper presentations from experts and leading names in the industry.

Renowned experts will be providing housing market forecasts and examining issues such as employment, home prices, production, demand and supply.

“There will be break-out sessions led by the CEOs to address emerging issues with some definitive and specialised solutions. This will be of great benefit to the entire industry as such recommendations will be adopted in order to effectively grapple with industry challenges ranging from provision of affordable housing, mortgage, quality control and policy directions,” he said.

He hopes that the CEO forum will also be an opportunity for the promotion of new ideas, innovations and products looking for markets, adding that it will also serve as a selection ground for those looking for ideas, businesses and products to invest in.

“Clearly, there is no other platform in Nigeria that can bring together as many professionals, not only from housing, real estate and construction sectors, but also from government, investment, and capital markets to share experiences, knowledge and expertise on varied issues related directly or indirectly to the housing sector,” he posited.

Source: By Chuka Uroko, Business Day

AIHS and its Laudable Commitment to Affordable Housing in Nigeria

The Abuja International Housing Show (AIHS) 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.

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.

Through its advocacy and reportage, the show and its organisers have been able to keep housing stakeholders on their toes. The show’s organisers own the first and most vibrant Housing Development Programs on TV and Radio in the country. Through these platforms, they are also able to continuously advance housing issues, track the implementation of policies and demand accountability and efficiency from product suppliers, whether in the public or private sector.

As a result of the high cost and limited production of affordable housing in Nigeria, an important number of its population lives in rented property which condition varies from shacks to formal housing with highly speculated rent. Neither the government nor the private sector provides sufficient housing units especially for the masses that need and demand it. Formal housing production is at approximately 100 000 units per year and this is highly inadequate because at least 1 000 000 units are needed yearly to bridge the 17 to 20 million housing deficit by government’s target date of 2033.

It is in recognition of these seemingly daunting challenges that the Abuja International Housing Show is convened. It is a significant platform for real estate companies, mortgage finance managers, housing experts from all over the world and government officials to come together in a marriage of ideas to suggest tested and trusted modalities of solving these age-long challenges.

According to the convener, Bar Festus Adebayo, the show features a CEOs Forum, Panel Discussions, Breakout sessions, and individual keynote speakers with the purpose of identifying and analysing the methods of housing finance adopted by the country’s institutions, low income and informal groups in order to recognise the loopholes and suggest better plans.

AIHS: A Story of Success

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.

Influencing Policies and Projects

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.

Largest Gathering of Stakeholders

The show plays 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. It is the biggest convergence of such important figures sharing ideas, experience and expertise on how to lead a more effective and financially inclusive industry.

These top stakeholders in the real estate, mortgage housing finance, construction companies and professional institutions focus on macro-economic and socio-political environment and impact of real estate market.

According to the show’s convener, Bar. Festus Adebayo: “The forum which is a gathering of high profile professionals who are founders and business owners enables the opportunity to present and discuss challenges facing their respective organisations and the way forward. It is a collaborative and supportive environment for leaders in Nigerian real estate industry support services and mortgage banks. Participating in the forum also increase high level business contact.’’

The show always present the best opportunity for professional networking and business exchanges.

Awarding Excellence and Performance

The show has also developed a sustained value of awarding excellence and performance in the industry. The Show has been able to identify high-flyers, both in public and private sectors, delivering good results and living up to expectations, in spite of the obvious challenges in the industry.

The awards are usually meant to serve as a motivation for more performance. Most previous awardees went on to become elevated in their capacities because of how noteworthy their performances were – a validation for the show’s awards.

Unbeatable Outreach

As mentioned earlier, the Show and its organisers own the first and biggest housing development TV, Radio and Web programs in Nigeria. These specialised programs boast of very large viewership, being the number one stop for the latest developments in the housing and construction industry.

This cements their place as a major stakeholder in the industry. There is a recognisable level of commitment, passion and excellence in the administration of housing information and opportunity.

Most industry leaders, whether in the public or private sector are always keen on speaking with these Housing Development Programs because of the confidence they have in them and the realisation that their comments and opinion will travel far across.

Speaking in broad terms, the Abuja International Housing Show is the most established platform whose commitment to driving up housing supply and affordability in Nigeria is unmatched. The impact that has been made by the show on the housing and construction industry can never be over emphasised. And this is why it has continued to convene the show every year, with participants from different parts of the world seeking ideas and opportunities for the kind of change they always trust AIHS to bring.

By Ojonugbwa Felix Ugboja

EchoStone Joins League of Sponsors of 13th AIHS

The 13th edition of Abuja International Housing Show (AIHS) which is billed for 23rd to 26th July 2019 is attracting a lot of sponsors. Many sponsors are announcing their partnership with the flagship and biggest housing and construction show on the continent.

The latest brand to announce its sponsorship of the show is housing system company, EchoStone.

EchoStone is an internationally recognised building construction company with proven track record of delivering works of the highest quality with efficient innovations. The company is widely acknowledged as a resolute force in Nigeria and on the continent when it comes to quality and professionalism. The Abuja International Housing Show is impressed by EchoStone’s ability to reshape and modernise building construction in Africa.

EchoStone runs a housing system developed specifically to address the worldwide housing shortage. They combine best-in-class design, development, and construction elements to achieve high-quality housing standards for communities in need.

EchoStone also offers governments, non-governmental organizations, and real estate developers in emerging markets greater opportunities to build high-quality housing at far greater speed and scale.

 

Product wise, the EchoStone System is a meeting of the industrialization of labour and technology. At the centre of the system is the Swedish-designed Aercrete 625 Machine, high-quality cellular lightweight concrete (CLC) and reusable panel formwork. These innovative technologies replace the use of steel, aluminium, plywood, and cinder blocks with no heavy-lifting equipment required.

The EchoStone construction system operations are guided and standardized by a proprietary job site operations plan. Their innovative approach uses lean design and construction concepts, value engineering, and procurement solutions to allow for rapid, scalable, and consistent quality construction.

The idea behind their High-Quality Structures was invented in Sweden in 1904, EchoStone utilizes CLC because it is scalable, more environmentally friendly, and quicker to set than traditional concrete. CLC also retains the same tensile, compression, and rigidity standards of traditional concrete while offering many advantages.

AIHS is partnering with EchoStone’s approach because it is defined by transparency and accountability. By providing partners a stake in the success of each venture, EchoStone has assembled a unique team of global professionals aligned to the United Nations Sustainable Development Goals with integrity across legal, governance, reporting, construction, governmental relations, finance, accounting, and sustainability. Our housing builds local economies, supports education, empowers women, and reinforces global health.

EchoStone delivers an ecologically-friendly approach to building communities that are EDGE Certified under World Bank Group/IFC and use innovative and sustainable designs and materials. EchoStone engages internationally-recognized sustainability experts for modern community designs and ecologically-friendly add-ons including solar panels, rainwater capture, and more.

These impressive features has made them a major force in the building construction industry.

Their partnership with Abuja International Housing Show is in recognition of industry opportunities presented by the show and its very big platform. They will be making a significant appearance at this year’s show through their product exhibition and marketing. Their partnership will present an opportunity for other industry brands to learn from them based on their efficient product generation, branding and technology.

EchoStone is proud to be associated with the Show because of its standard – a similar attribute shared by both brands. The show is going to be attended by over 40, 000 participants, 400+ exhibitors and over 30 international speakers.

The Show which will commence from 23rd-26th July 2019, at the International Conference Centre, Abuja, is the largest gathering of housing, mortgage finance and construction stakeholders in Africa and beyond. Major benefits includes access to the best housing and innovation deals, with opportunities for professional networking, exhibition and making of sales. The prestigious show which is endorsed by relevant government institutions in Africa and supported by all leading industry brands will be opened by Vice President, Federal Republic of Nigeria.

Other organisations that have confirmed sponsorship and partnership of the 13th Abuja International Housing Show includes NMRC, FMBN, Family Homes Fund, Urban Shelter LTD, Brain and Hammers LTD, Cosgrove, Plus World Roofing Haven Homes LTD, OPIC, Wiser Estates, AFP Furniture, CDK, Mixta Africa, Copen Group, Hydraform, Exima Reality, among others, while Royal Ceramic CS is opting for co-organising status for the international show.

The show’s free registration is on-going and all local and international stakeholders have confirmed their participation in this year’s highly anticipated edition.

By Ojonugwa Felix Ugboja

X-Ray of Annual AIHS Impact on Housing Development

When the flagship Abuja International Housing Show (AIHS) took off over a decade ago, the expectations were high, and so were the standards – prompting both sceptics and interested stakeholders to wonder how such a show – a first of its kind – will be able to achieve its lofty dreams of making drastic impacts in the already tough Nigerian housing and construction sectors. So far so good, the expectations were not only met but the show has absolutely carved a permanent niche for itself and has established a platform for both public and private sector stakeholders to draw inspiration from in addressing sector related problems in Nigeria and even on the continent.

From government officials looking for informed opinion(s) on emerging housing and construction policy dynamics, to private sector developers and investors looking for the best clients, environments and opportunities for establishment, to customers looking for the best housing deals, mortgages, credit and whatever access they need, the Abuja International Housing Show has been the best and most established platform in Africa for such convergence.

The participants who attend from different parts of the world usually attest that the event does not only create awareness on the major challenges in developing or strengthening housing industry and finance markets but also focus extensively on solutions and resolution of these challenges by highlighting innovations, new ideas and global experiences in the sector.

On that note, we shall take a look at some of the outstanding achievements of the Show over these years. This will enable all stakeholders to measure the Show’s success and build their confidence.

The Establishment of Land GIS in States

In the course of debates that were initiated by the Show, one of the top recommendations for state governments to adopt in addressing the issues relating to land was the establishment of Land Geographical Information System (LGIS).

So far, this has been adopted by most states in Nigeria, and it has enabled them create a comprehensive data on lands and its allocation.

The disputes that used to be associated with lands in most states have been drastically reduced as a result of this initiative. The centralised system now serves as the final arbiter when matters relating to land disputes arises.

Establishment of State Ministries of Housing

Prior to when the show started, most state governments had not realised the need to establish a designated ministry for housing. Stakeholders on the Show were able to convince most states on the need to establish this ministry, given that housing is a very critical sector that cannot be left in the hands of the federal government only.

While some states have situated housing within ministry of works or land, the realisation that housing requires special treatment by state government was successfully pushed by the Abuja International Housing Show.

Recorded improvements have been seen in the states where these changes were effected.

Housing Legislation by State and Federal Government

While the Abuja International Housing Show has and will continue to canvas for the national passage of all that will benefit the developt of the Nigeria housing sector, its annual conference has been able to encourage the NMRC at the 11th edition of the show to champion the need get states govt to adopt foreclosure law.

There are already signs of progress on land use act. As Senate President of the 8th Senate, Bukola Saraki was able to commence the process for amendment of the land use act which has gotten to its second reading.

It is the hope of AIHS that the incoming assembly will ensure its eventual passage.

Corporate Housing and Construction Partnerships

The Show has led to so many corporate breakthroughs and partnerships in the areas of housing and construction. A lot of companies and firms have through the show signed countless number of MOUs for partnerships.

Chief among bodies that have signed MOUs at the Abuja International Housing Show includes Hydraform, NBRRI, NMRC among others.

Such partnerships that have been established at the Show has over the years led to new ideas and projects that have brought housing to many and have also introduced best practises and modern technology in the construction industry.

Companies like Hydraform and EchoStone have been able to successfully help the Nigeria construction industry with their high-tech building innovations. The contribution of AIHS to that cannot be overstated.

A Policy Development Forum

The Abuja International Housing Show has and will always be an opportunity for policy makers, practitioners, NGOs and donors to gather, exchange views, learn about latest developments in the area of housing policy and improve their decision making in that area.

So many public officials have attested to the fact that the show has offered them the opportunity to identify the loopholes in government policies and how to improve them to meet arising challenges.

That is primarily why the organisers of this year’s edition have tasked members of the incoming 9th National Assembly to be involved in the Show in order to learn from stakeholders about the laws that needs the most urgent attention.

A Marketplace of Information

The Abuja International Housing Show has been constantly praised for being a marketplace of information because the Show recognises that the most potent resource of the 21st century and especially in the Housing and Construction Sector is information. Things change quickly, and only those who can keep up will be able to compete and stay relevant in the industry.

Having access to veritable information has always been one of the most important benefits for stakeholders who attend the AIHS.

A major highlight of the event is the showcase of innovative developments in the housing industry, paper presentations from experts and leading names in the industry.

In addition, renowned experts will provide housing market forecasts and examine issues such as employment, home prices, production, demand and supply.

Clearly, there is no other platform in Nigeria that can bring together as many professionals, not only from housing, real estate and construction sectors, but also from government, investment, and capital markets to share their first-hand experience, knowledge and expertise on varied issues related directly or indirectly to housing and development.

Job Opportunities

Realising that job creation is a responsibility of all stakeholders in the country, on its part, the Abuja International Housing Show has been able to provide opportunities for skilled persons in the industry and even elsewhere to tap into the job opportunities that are always available at the show.

Most partners and exhibitors at the Show also used the platform to seek out skilled persons that can join their team and improve their capacity.

Manufacturing companies and exhibitors have also been able to through the Show employ the labour of informal labourers like plumbers, welders, carpenters and a host of other artisans.

The AIHS has received testimonies from many young people whose careers were defined and even kick-started by the Show.

Being a number one place for professional networking, many young graduates and professionals looking for how to advance their career use the show as a stepping stone to greatness.

Local Business opportunities

Each year, the Show creates immediate business opportunities for the host city Abuja. The city’s businesses usually experience a major boom during the show because of the influx of visitors and investors.

Hospitality businesses like hotels, restaurants, parks, clubs and other social entertainments usually record a lot of patronage from guests and visitors that are brought into the city by the show.

It is also the same experience for printing and press companies whose services are in high demand during the show.

Local events managers also take advantage of the show to expand their market in order to cater to the events that take place during the Show.

Over the years, the contribution of AIHS to Abuja’s local economy cannot be overemphasised.

Introduction of New Products and Sales Market

The AIHS usually host many stands owned by several organisations and brands seeking to introduce their new products and ideas to prospective buyers, clients and investors. The registration platform provides opportunity slots for such brands to book in advance and reap the benefits that come with partnering with the largest Housing Show.

In past years, the Show has enabled the exhibition of contemporary-modern roof designs, furniture and new innovations in building technology.

The Abuja International Housing Show helps to stimulate the building and construction industry in terms of design-led housing solutions, and high quality home-grown materials and products which are always in presentation.

Also, given that the convener of the Abuja International Housing Show is the promoter of Housing TV, housing development program showing on stations like AIT, TVC and NTA, housing time on Ray power and owner of the largest housing news portal, and not mentioning the live coverage on all social media platforms; it’s a guarantee that participants and exhibitors will get optimum publicity at almost no cost.

The product market it has created remains the target for new brands and innovations seeking an avenue for sales.

Creating Opportunities for Best Bargains

Many participants choose to attend the Show because of its wide display of products at unbeatable rates. The show offers opportunities to make direct purchases at discounted rates.

The Show has helped reduce the cost of home acquisition because it demands the participating mortgage banks and estate developers to sell their products at much discounted event-rates, which is usually the case. As a result, a lot of people come to the Show without a home, but eventually leave with one because the deals are usually too good to be rejected.

The Show has overtime helped people expose themselves and their organizations to new options of housing financing.

Recognition of Excellence

While there is a lot of focus on inherent problems, the Show also recognises the need to encourage performers in the housing and construction sector by awarding them for their works, which will serve as inspiration and a call to action for others to step up their performances.

The Show usually ends in a grand style with the Nigeria Housing Awards, an award event put together to honour and celebrate firms, agencies and personalities who have made giant strides in the housing sector in the past year.

Some past awardees have gone ahead to even achieve greater things – a validation for the award they received from the Show.

There is no bigger platform that is committed to honouring the best of the best than the Nigeria Housing Awards.

Affordable Housing and Housing Development Advocacy

What many have come to appreciate about the Show is its ability to ensure that beyond advocacy, there is the demand on stakeholders to act on their pledges to provide affordable housing and improve housing development generally.

It is worthy of note that the well thought designs and events that makes the AIHS the largest and most successful are inexhaustible. This is where stakeholders discover best practices and new methods for improving efficiency in all areas of the home with construction demos led by top building science experts. It is where global housing enthusiasts connect with like-minded professionals and industry experts in workshops, round-table discussions and networking events.

So far, the event has been able to help achieve reasonable level of housing affordability, access to mortgage options and market growth for relevant stakeholders and clients in the housing and construction industry. The show’s projection to significantly improve the housing deficit in Nigeria, Africa and the world is still very potent and plausible.

Every Show is always an improvement from the previous. While the show can clearly point at its achievements as we have seen, it also bears in mind that the work is far from done and all hands remain on deck. It is this determination to never relent that sets the Show apart from others.

AIHS: The Benefits of Attending this Year’s Show as a Working Class

The 13th edition of the biggest housing and construction show in Nigeria is set to commence from 23rd to 26th July 2019 at the International Conference Centre, Abuja.

While the show will be attended by multinational companies and top stakeholders in the industry from Nigeria and from over 15 countries in the world, it will also be a great avenue of opportunity for career persons or those in what is generally known as the working class.

From bankers to consultants, lawyers, graphic designers, web developers, journalists, video editors, chauffeurs, engineers, marketers, technicians, freelancers and even students, the show offers diverse range of engagement opportunities that can take careers to the next level. For career people, attending the show will be like killing multiple birds with 1 stone.

In this piece, we shall breakdown some of the life changing benefits for the working class at the Abuja International Housing Show.

Opportunity to Learn More
Opportunity for Professional Networking
Job Opportunities
Affordable Home Ownership Opportunity
Opportunity for Making Money
Opportunity for Freelance and Consultancy
Opportunity to Develop New Skills
Opportunities for Investments
Opportunities to promote professional bodies
Opportunities for cheap bargains

 

Opportunity to Learn More

Learning does not end after getting a job – in fact, it begins from there. The working class is a very competitive environment, and for anyone in that class to remain relevant and have competitive advantage over their peers, the only way to do that is to open themselves to opportunities of learning.

According to several statistics, working class people who regularly take out time to learn more about their profession tend to do better than those who refuse to take such initiatives.

The Abuja International Housing Show is aware that such opportunities for learning are very few in Nigeria. And that is why it considers this responsibility of providing more education for the working class a very important one. A lot of workers in Nigeria have limited opportunities to such platforms that can refine their career knowledge in order to catch up with evolving global best practices.

At this year’s show, there will be over 30 international speakers and career advisors available to help in mentoring and equipping working class and aspiring working class people for a very dynamic work environment as we know it today.

The Abuja International Housing Show has been widely recognized for being a marketplace of information because the Show recognises that the most potent resource of the 21st century and especially in the Housing and Career Sector is information. Things change quickly, and only those who can keep up will be able to compete and stay relevant in the industry and work environment.

The free access to career information has always been one of the most important benefits for workers who attend the AIHS.

Workers who attend the show will learn vital things like how they can improve their work; how they can position themselves for their works to be seen and recognized; how they can keep up with global trends in their careers; how they can do things differently from others in order to stand out; how they can leverage on professional networks; how they can identify the next career opportunities among others.

Participants will also learn from the experience of those who have risen to become CEOs and major decision makers in their careers. They will share vital information on how they were able to successfully climb their career ladders till the very top. That will greatly serve not only as an inspiration for the working and aspiring working class people, but a guide to leading a progressive career life.

Opportunity for Professional Networking

One of the most important opportunities for any career person to move to the next level of their career is through professional networking. Sadly, opportunities for professional networking are few. But the Abuja International Housing Show has been able to create a free platform for that to happen.

There is hardly any other event where one can meet freely with top industry CEOs, recruiters, public officials and other important stakeholders.

Over the years, a lot of people have been able to strike beneficial relationships at the Show by impressing with their skills and knowledge – a very attractive quality for employers.

The contacts available at the Show can bring lifetime opportunities for serious-minded career people.

Job Opportunities

A lot of companies and employers have always used the show as an opportunity for recruitments. So, whether you are a working class person who is seeking a better job, or an aspiring working class person, you will be doing yourself a great deal of good by attending the show and availing yourself to opportunities of better employment at the show.

The show plays host to over 500 national and international companies who are not only seeking a bigger market for their products, but a stronger work force. If you believe you have what it takes to work for some of the top companies in the country or in the world, then be ready to come take that offer this year.

Realising that job creation is a responsibility of all stakeholders in the country, on its part, the Abuja International Housing Show has been able to provide opportunities for skilled persons in the industry and even elsewhere to tap into the job opportunities that are always available at the show.

Most partners and exhibitors at the Show also used the platform to seek out skilled persons that can join their team and improve their capacity.

Manufacturing companies and exhibitors have also been able to through the Show employ the labour of informal labourers like plumbers, welders, carpenters and a host of other artisans.

The AIHS has received testimonies from many young people whose careers were defined and even kick-started by the Show.

Being a number one place for professional networking, many young graduates and professionals looking for how to advance their career use the show as a stepping stone to greatness.

Affordable Home Ownership Opportunity

There are a lot of career people whose current income cannot enable them own their own homes. The Abuja International Housing Show presents opportunities for such people to have access to the most affordable home ownership schemes available in the market, as well as mortgages that are very flexible and cheap.

This year’s show will feature over 100 real estate developers, who are offering low income houses as well as luxury homes, and a lot of mortgage banks as well who will be marketing their packages. The availability of these multiple options will help you decide which is best for you, and everyone knows that in such case when supply is high, the prices will be considerably low and affordable. So, it is more like once in a blue moon opportunity to own your own home.

Opportunity for Making Money

You might be wondering how you can make money at an event like the Abuja International Housing Show. Well, that’s what you are about to learn.

The Abuja International Housing Show is not just a talk show or a conference, it is an international business centre where both products and ideas are exchanged for profit. Those with brilliant ideas can make money from it by packaging it and marketing it to the buyers that are ever available.

Once you can identify something that will help a company or business do better, they will break the bank to buy that idea from you.

Apart from selling your ideas, there are a lot of ad hoc jobs at the show that can help you make money while the show lasts.

A lot of companies would be mounting their exhibition stands which might need professionals like you to help them manage it. So, you can be attending the show, learning, networking and making money at the same time.

Some might also need you to help them get the right people for other kinds of work. This is a form of outsourcing responsibility which you will also be paid for.

Opportunity for Freelance and Consultancy

Even if you are not willing to leave your current job, or take up a permanent job, you can get freelance and consultancy jobs with some of the companies and business, including those from abroad.

With such jobs, you can work for them from wherever you are. Whether it is research, report writing, marketing, clients’ relationship or whatever kind of remote responsibilities there are, you can work for all these companies as a freelancer.

Opportunity to Develop New Skills

The show also feature opportunities for career and even non-career people to develop new skills relevant for 21st century competitiveness.

Participants can learn about new skills in the areas of digital marketing, web development, real estate marketing, how to write real estate contents among others.

Others can learn technical skills related to building and construction, and possibly take up full time jobs in those areas.

Opportunities for Investments

For career people who are also seeking information on areas to invest, especially in the very lucrative real estate market, the show will present such opportunities.

Renowned experts will provide housing market forecasts and examine issues such as home prices, production, demand and supply, coupled with investment advice from investment and insurance bankers on how and what to invest in that can gradually generate long time financial benefits.

 

Opportunities to Promote Professional Career Bodies

Professional bodies like ICAN, NBA, NUJ, Engineers, Bankers Association and many others can utilise the show to meet opportunities that will benefit their bodies.

As a body, they can promote their ideas and projects in order to attract the right partnership and cooperation needed to achieve those goals and objectives.

Opportunities for Cheap Bargains

With over 400 product exhibitors, 100+ homes interior companies, commercial and mortgage banks selling all sorts of housing and construction products, including latest innovations in related areas, participants will have opportunity to make purchases at unbeatable prices.

Many participants choose to attend the Show because of its wide display of products at unbeatable rates. The show offers opportunities to make direct purchases at discounted rates.

The Show has helped reduce the cost of home acquisition because it demands the participating mortgage banks and estate developers to sell their products at much discounted event-rates, which is usually the case. As a result, a lot of people come to the Show without a home, but eventually leave with one because the deals are usually too good to be rejected.

The Show has overtime helped people expose themselves and their organizations to new options of housing financing.

Clearly, there is no other platform in Nigeria that can bring together as many professionals, not only from housing, real estate and construction sectors, but also from government, investment, and capital markets to share their first-hand experience, knowledge and expertise on varied issues related directly or indirectly to housing and development.

The opportunities for working class people in such an environment cannot be overstated. As we have seen, there are enormous opportunities, and it will be wise not to miss them for anything because sometimes the difference between failure and success is the decision to grab an opportunity like this

By Ojonugwa Felix Ugboja

Nigeria misses 6 electricity tariff reviews as current prices become obsolete

Since the power sector privatisation in 2013, the Nigerian Electricity Regulatory Commission (NERC) has failed to review electricity pricing six times under the Multi Year Tariff Order (MYTO) it instituted to price electricity, a failure that has fuelled illiquidity in the sector and caused shortfalls of nearly N1.4 trillion.

According to the MYTO Rules, there would be a 15-year tariff path for the Nigerian Electricity Supply Industry (NERSI) with limited minor reviews each year in light of changes in a limited number of parameters (such as inflation, interest rates, exchange rates and generation capacity) and major reviews every five years, when all of the inputs are reviewed with stakeholders, but this has not been done since 2016.

The current electricity pricing does not benefit the customers who cannot enjoy quality service because they are compelled to pay a tariff that is less than the cost of production and so are forced to rely on generators where they pay five times the current tariff.

It does not also benefit the operators who are compelled to charge below their cost of production and lack motivation to invest and improve service.

“Today, electricity pricing is wrong. The model is not fair. The average today is N27.30. What will be reasonable to sustain the industry is N57.40. This includes the debates around gas pricing too,” Kola Adeshina, chairman of Sahara Group, told BusinessDay.

“We are suffering from lack of six tariff reviews. Whereas the consumers are agitated and worried, the reality of our life is, the power generator gives invoices to the bulk trader at an exchange rate of N360/$, the distribution companies are made to charge the customer using an exchange rate of N199/$,” Adeshina said.

Power generation companies bear the biggest pain in this warped pricing system.
Egbin Power, Nigeria’s biggest generation company, is owed over N160bn. Other GenCos complain of large debts because invoices are not fully settled by the Nigerian Bulk Electricity Trading Company which can only pay about 30 percent of invoice. The Transmission Company of Nigeria recently said it gets paid only 25 percent of its market invoice.

“The solution to the problem is to pay the true cost of power,” said Sunday Odutan, executive secretary, Association of Nigerian Electricity Distribution Companies (ANED), in a meeting with Eko DisCo customers in Lagos.

In addition, operators are calling for a fund to cushion the temporary impact of a tariff increase on the most vulnerable members of the society.

Analysts say the prevailing tariff will only worsen liquidity gaps in the sector as the variables that went into costing electricity have changed since 2015.

“The prevailing DisCo tariff today was modelled against variables that have been overtaken by time and events and therefore does not reflect the true pricing of electricity. MYTO 2015 for DisCos was built on 196/$1, 8.3 percent inflation rate, certain available capacity and therefore the final tariff was a product of these variables. While they have all moved higher, tariff has not,” Chuks Nwani, energy lawyer, said.

NERC’s failure to implement MYTO Rules led to media reports that it has jettisoned MYTO, but the regulator insisted it was keeping its rules.

In a press release issued in June last year, NERC said, “Following recent inaccurate reports in the media, the Nigerian Electricity Regulatory Commission hereby reaffirms that there are no plans to dump the Multi Year Tariff Order (MYTO) framework used in determining end-user tariffs based on revenue requirement of the electricity industry.

“As part of the periodic evaluation of software models utilized by the Commission, the Commission plans to review the MYTO financial model to ensure its integrity and consistency of the platform with approved tariff principles pursuant to the numerous updates undertaken since inception of the methodology in 2008.

“The holistic review of the MYTO model also includes aligning the basic assumptions and parameters with the underlying principles of the tariff methodology and ascertaining the full workability of the macros and other formulae. This is an important initiative of the Commission as we prepare to commence review of Performance Improvement Plans (PIP) to be submitted by utilities for the tariff period 2019-2023.”

Under the Power Sector Recovery Programme, failure to review tariffs has slowed full implementation of the programme and threatened the capacity of the sector to benefit from loans from international institutions such as the World Bank.

Operators are now calling on the regulator to implement its own rules to make the sector viable.

Source: By ISAAC ANYAOGU & STEPHEN ONYEKWELU

DMO makes history as FGN risk-free yield curve extended to 30yrs

The Nigerian debt capital markets (“DCM”) experienced a landmark occasion in April 2019, when the Federal Government of Nigeria (“FGN”), via the Debt Management Office (“DMO”), issued its longest-tenored local currency bond – a 30-year bond – for the first time in history.

The issuance of the ₦53.16bn Fixed Rate (14.80 percent) FGN Bond is a clear indication of the commitment of the improving Nigeria’s ability to raise sustainable debt towards promoting economic growth and national development.

Investors demonstrated their ardent appetite for the issue with the results of the April 2019 FGN Bond Auction revealing that a total subscription of ₦80.41bn was received for the ₦20.00bn offered (₦53.16bn allotted) by the DMO for the 30-year bond, representing an over 400 percent subscription rate. This is a glaring indication of investors’ desire for investments at the longer end of the sovereign debt yield curve.

Whilst the decision to issue a long-tenored bond is not an anomaly, this latest issuance comes almost 40 years after the last 25-year bond (previously the longest-tenored local currency FGN Bond) was issued by the FGN in 1980, following previous issuances in 1976 and 1979.

With the success of this offering, the DMO has, in addition to managing government’s debt sustainably, reinforced its role in the development of the domestic capital market by facilitating the extension of the sovereign debt yield curve, which represents appropriate funding for housing credit and infrastructure as well as an investment opportunity for both pension fund administrators (“PFAs”) and insurance companies looking to reduce mismatches in their asset durations and liability horizons.

The DMO has listed the bond on the platform of FMDQ OTC Securities Exchange (“FMDQ”) to enhance its visibility and promote secondary market liquidity for the bond. The DMO also listed the bond on the Nigerian Stock Exchange.

The capital market community has lauded this audacious move by the DMO, which positions Nigeria to stand amongst other African markets such as South Africa and Kenya which have previously issued 30-year bonds. Nigeria remains the leading West African nation as stakeholders expect this bond issuance to serve as a case study for other countries within the region, to take the plunge by extending their yield curves.

“The introduction of the bond is a welcome development as it creates further opportunities for growth in the Nigerian financial markets,” said Bola Onadele. Koko, managing director/CEO of FMDQ.

“Furthermore, yield curve extension creates more impetus and opportunities for the introduction of risk management (hedging) products such as bond futures and interest rate derivatives to help fund managers (such as PFAs) and insurance companies that have invested in the bonds to manage the interest rate risk, which is typically higher for longer-tenored debt securities. We are aware that FMDQ, the capital market regulators and other market stakeholders are intensifying concerted efforts to launch these hedging products soon to improve the diversity and global competitiveness of the Nigerian financial markets,” Onadele. Koko said.

“The DMO should indeed be congratulated for its proactivity in reaction to the desires of the buy-side which motivated the DMO’s request to one of the Exchanges to conduct a survey to determine the local and international markets’ appetite for FGN Bonds with tenors over twenty (20) years, and also on their impressive speed to action on the feedback received from the exercise, which indicated the considerable interest by the surveyed investors in longer-tenored sovereign bonds,” he added.

Other stakeholders have indicated that the DMO has cleared the path for other issuers such as subnationals and corporates to access longer-term funding for their projects as the 30-year FGN Bond serves as a benchmark for pricing of non-sovereign debt at the longer end of the yield curve.

Onadele. Koko further added that evidence from the recent issuances of the Viathan Funding PLC ₦10.00bn 10-year bond (the first power bond in the country) and NSP-SPV Powercorp PLC ₦8.50bn 15-year bond, both of which were also listed on FMDQ, indicates that corporates are already taking initiative by accessing the DCM to channel funds towards infrastructure and other economically stimulating projects. It is expected that many non-sovereign issuers would follow suit in the short to medium term.

Considering the encouraging success of the debut 30-year FGN Bond, the DMO is encouraged to continue to blaze the trail for the markets. The introduction of more diverse bouquet of long-tenored securities such as inflation-linked, floating rate and zero-coupon bonds, will promote better management of realised and real yields among others. This will indeed support the development of the Nigerian economy by further deepening the domestic DCM, making Nigeria a more attractive investment destination.

Source: Business Day

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