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Why Abuja International Housing Show Is The Most organized Show In Nigeria

Housing matters to economic development. It can not only boost economic performance and place competitiveness, but it can also lead to segregation and spatial concentrations of poverty.

Click here to watch weekly episodes of Housing Development Programme on AIT

The Government’s housing growth plans induces the opportunity to improve the use of housing as an enabler of economic growth, but housing policy will need to be more responsive to local economic development conditions. In the current downturn, ensuring new homes are delivered of the right type, in the right place, and linked to wider economic outcomes will be all the more important. If housing is treated as an isolated issue, future investment is unlikely to achieve either sustainable growth or the outcomes desired by the Government’s housing policies.

 

It is for the above reason that Abuja International Housing show is committed to bringing all stakeholders together with the goal of Implementing a more integrated response to housing and economic development in Nigeria.

The mission of the 12th Abuja International Housing show is to bring together housing practitioners, advocates and resources so that all Nigerians will have the opportunity to have quality affordable home and suitable living environment.

Abuja International Housing show provides professional consultation services through training and technical assistance on affordable housing and related issues; supports community-based partnerships in leveraging resources; and advocates for policies, programs and use of funding resources that maximize the availability and improve the quality of affordable housing in Africa.

We carry out this mission recognizing that affordable housing is an integral part of community revitalization and economic development.                                                                                                                    

Let’s stop putting ourselves down- Fashola tells Nigerians

Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, has urged Nigerians not to put their country down in comparison with other countries of the world describing Nigeria as a great country in both population and potentiality for economic and industrial development.

Fashola, who spoke midweek in Abuja at an Engagement Workshop on the Power Sector Recovery Programme (PSRP) for Civil Society Organizations organized by the Ministry of Power Works and Housing in conjunction with the Power Sector Communications Team (PSRP), said as a nation Nigeria has taken great strides in the area of development and has the potential to compete favorably with other developed and emerging economies if the citizenry collectively resolved to tackle her identifiable challenges.

Responding to questions during the interactive session of the Workshop, Fashola, who frowned at the penchant of some Nigerians to put her down in comparison with other countries both in and outside Africa especially in power production, explained that the power that any country needed was not only a function of its population but also a function of the level of its development and industrialization.

The Minister, who took time to explain and respond to questions alluding to the quantum of power available in South Africa and the report that Germany was exporting power, said the power need of a country, also depended on the nature of its economy, pointing out that research and invention driven economies would always require more power. He noted that South Africa, whose economy largely depends on mining consumes a lot of power adding that with the Federal Government now paying attention to real growth through economic diversification as seen in the development of mining and others, the nation’s Power Sector is being prepared to support such growth.

“We have left mining. We are now in oil and gas. Dr. Fayemi in the Ministry of Mines and Steel is just trying to reset us back. We are trying to support their mining power demands whenever they are ready”, he said adding that in comparing Nigeria with a country like South Africa, one must take into cognizance that while Nigeria is largely a trading economy, South Africa is already producing nuclear energy, aircraft and military hardware, using more power.

Describing such analogies as out of place, Fashola cited Ashaka Cement industry in Gombe State explaining that as a an industrial town, it only utilizes 15 Megawatts of electricity adding that there are not many industrial towns of that type in the country at the moment.

In terms of population as a function of energy need of a country, the Minister declared, “Niger is running on 80MW, Republic of Togo 200MW less than Abuja, Ghana is about 3,000MW installed capacity and they are not producing all of that; Lagos alone is getting 1200MW, one state, half of another country. So we must understand the dynamics of electricity use.”

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

Referring, particularly to a comment by a participant that Germany is exporting Power, Fashola declared, “Your country is exporting power too, to Niger, to Republic of Benin, to Togo and we are selling Gas to the West African sub-region.”

Advocating a collective resolve to solving the nation’s challenges rather than putting her down, Fashola who noted that power is a central contributory factor to a nation’s industrial competitiveness declared: “Stop putting yourselves down, we are a great country. We have challenges, let us go and deal with them together”.

The Minister reiterated the Federal Government’s commitment to the full implementation of the Power Sector Recovery programme (PRSP) as means of solving the seeming intractable challenges in the nation’s Power Sector saying the commitment could not be doubted because it was encapsulated in the government’s Economic Recovery and Growth Plan (ERGP) where Power forms one of the five major pillars.

The Minister pointed out that one of the five areas of imminent and immediate activity in the ERGP was the provision of Power, access to Power and delivery of Power, describing the PSRP as one of the vehicles for communicating what was being done in the Sector and to monitor and measure how well they were being done as well as understanding the challenges being faced in the Sector.

Recommending that all Nigerians read the Power Sector Reform Act to have a better understanding of issues in the Sector, Fashola, who assured that the government had identified and signed on to solving all the problems of the sector, explained, “If you don’t understand what we are saying and why we are saying it, it will be difficult to really appreciate where we even make progress.”

The Minister said the intention behind the PSRP was “to bring it to street level so that in whatever area of the country you are, if you come across this document, you will be able to read it, understand it and make sense out of it and ultimately use it to measure what we are doing”, adding that the document, when finalized, would be translated into the three major Nigerian languages for a start.

He said PSRP had been articulated to address all the known and frequently asked questions in the power sector such as, from the generation side, why all of the produced Power could not be sold, or the demand for increase in tariff by DisCos and counter demand from consumers for meters, the demand from the Nigerian Bulk Electricity Trader (NBET) for debt settlement or issues of damaged or dysfunctional equipment, high voltage and low voltage among other problems in the sector.

Defining the PSRP as “everything that is troubling power”, Fashola declared, “Today and even in the future, if any new problems come up, we will amend it, a new version and put it inside” adding that in articulating the programme, Government did not rely on its experience alone but circulated the document to Parliament for the views of the representatives of the people, to labour, the Manufacturers Association of Nigeria (MAN), the Supreme Council on Islamic Affairs (SCIA) and the Christian Association of Nigeria (CAN) as well as other stakeholders.

The Minister, who noted that the wide circulation of the document was in order to take vital inputs, pointed out that the programme was not about what would happen tomorrow but what was already being done such as Liquidity issues, payment of debts, adding that the Federal Government had identified its debts, verified it and had asked the DisCos to follow up with the state and local governments to recover their remaining debts.

In the case of Metering, he recalled a judgment that was given against the Federal Government under a metering arrangement in 2003 that ended up in court adding that as a result of the intervention of the Ministry, the Federal Government of Nigeria was saved from a judgment liability of N119Billion.

According to him, the part of the contract sum trapped in a bank as a result of protracted litigation has now been converted into a credit scheme to supply meters and government is now waiting for regulations from the Nigerian Electricity Regulatory Agency (NERC) while the plaintiff in the court case is in the position of funding to the tune of N39 Billion that could go into meter supply. He explained that NERC was also dealing with issues concerning tariff which is their statutory responsibility.

Listing other initiatives of the Federal Government under President Muhammadu Buhari to solve the problems in the power sector to include making provision “for issues of tomorrow” in the Medium Term Expenditure Framework- the National Development Plan, presentation of a 20-Year Transmission Expansion Plan and the approval by the Federal Executive Council of the Distribution Expansion Programme framework to address the unutilized 2,000MW of power, Fashola debunked the notion from some quarters that there is no infrastructure plan for power in Nigeria.

“Again, if you read the Economic Recovery and Growth Plan and you read the Power Sector Recovery Programme, when they tell you there are no plans to solve these problems, tell them it is a lie, that they don’t know what they are saying and that there are action points here to deal with the problems”, the Minister said adding, “Really and truly, if you get a grip of what all of these things are, you will be able to measure what we have done”.

Responding to questions arising from the robust interactive session that followed his remarks, Fashola explained that any attempt to invest in the Power Sector without following the established regulations to ensure safety and standard was an effort in futility in reference to the issue raised by one of the participants that his community purchased transformers and cables in expectation of getting connected and being compensated or reimbursed.

The Minister also explained the delay in the 14 Solar Developers making appreciable investment moves months after the signing of Power Purchase Agreements with them saying aside the fact that they insisted on another agreement called Put Call Option Agreement (PCOA) which would guarantee them payment if the contract failed, the companies demanded that they be issued the documents in Dollars at a time when the country’s economy was in recession.

Earlier, while making a presentation on the Power Sector Recovery Programme , the Project Manager of the PSRP Implementation Monitoring Team, Mr. Kenny Anuwe, said the PSRP was designed to enhance the achievement of the Federal Government’s Roadmap of Incremental, Steady and Uninterrupted Power with its other deliverables like improvement in sector governance, meter supply, Eligible Customer and Mini-grid Regulations.

Comprising of series of policy actions, operational, governance and financial interventions to be implemented by the Federal Government over the next five years to restore financial stability, improve transparency and service delivery, among others, the PSRP is aimed at resetting the Electricity Supply Industry for future growth.

According to the Executive Summary and Fact Sheet made available to participants at the Workshop, the PSRP, developed in collaboration with the World Bank Group, comprises of components and reform actions in four groups of interventions including financial intervention to fully fund historical and future sector deficits, operational/technical interventions, governance interventions and policy interventions among others.

Also present at the occasion which took place at the Auditorium of the Ministry, were the Minister of State for Power, Hon. Mustapha Baba Shehuri, the Commissioner of NERC in charge of Consumer Affairs, Dr Moses Arigu, Managing Director of the Nigerian Electricity Management Service Agency (NEMSA) and Chief Electrical Inspector of the Federation, Engr. Peter Ewesor , top officials of other Power Sector regulatory agencies, members of the Civil Society Organizations relating to Power, top officials of the Power, Works and Housing Ministry, members of the PSCT and representatives of the Organized Private Sector among others.

Egypt to pour new housing into seemingly sated market

CAIRO: Egypt’s government plans to pour tens of thousands of new housing units onto the market in each of the next few years, but it’s not clear how easily the country can absorb them.The authorities say they want to reduce crowding in Egypt’s congested cities and provide homes for the poor but many analysts say the new residences are priced way beyond the means of most Egyptians and a good share of them will remain unsold.

The government is undeterred, however, and is moving full steam ahead on a new capital city 50 km east of Cairo, a project that will designed to deliver 240,000 new housing units over the next five years.

It is also in the second year of a five-year plan to provide a million subsidized homes for the poor. According to press reports, 150,000 low-income units have already been delivered and another 260,000 are under construction.

Dozens of other housing projects, many spearheaded by the army, are underway. Activity is especially strong along the Suez Canal, which has been declared a special economic zone, at Gabal Galala in the mountains along the Gulf of Suez and at al-Alamein on the Mediterranean coast.

A network of highways and residential streets has been extended into the desert around Cairo to make way for the new developments, especially to the east towards Suez, in anticipation of a flow of buyers seeking to escape the crowded confines of the Nile Valley.
Some of the demand for new housing is coming from Egyptians working overseas who sent more than $5 billion back to Egypt in the third quarter of 2017 alone.

With inflation now running at an annual 22 percent and expected to remain in the double digits for several years at least, Egyptians have been searching for investments that will preserve the value of their assets.
Because of years of restrictions on sending cash abroad, the only place most Egyptians inside the country can invest their cash, apart from the country’s small stock exchange or in interest-bearing bank accounts, is in real estate.

As a result, Egyptians have been snapping up apartments and villas in new desert developments, confident that housing prices have nowhere to go but up in an overcrowded country whose population is growing by 2.5 percent a year.
“The more inflation is on the rise, the more people will run towards real estate, regardless of the real demand and real supply,” property consultant Haitham Khalifa said.

This rush to buy real estate has created a vast pool of housing, but it is unclear who will want to buy or rent them when their owners decide they want to cash in on their investments. Row upon row of houses now stand empty.
For many Egyptians, these properties are their main investments. Many of wealthy people have bought dozens of villas and apartments, with some rented out and others sitting empty.
According to a census released in October by the state statistics agency CAPMAS, 13 million units are either under construction or finished but unoccupied, compared to 22.5 million units that are inhabited.

Added together, this works out to 35.5 million units in a country with a population of 96.4 million, or 2.7 people per unit.
Signs are emerging that the new government housing projects will be entering a market that is already saturated, especially at the higher end. Measured in US dollars, housing prices in Egypt dropped substantially after the government devalued the currency by half in November 2016.

Wael Ziada, head of investment company Zilla Capital, estimates that prices have fallen to about $800 per square meter from $1,000 before the devaluation.

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

“This is something companies will never tell you. They will not go below their headline prices,” said Ziada, who until recently was head of research at EFG Hermes, Egypt’s biggest investment bank. “What they may do is allow for a smaller down payment and a longer period so that the effective price will go down.”

Aly Allouba, the head of Cairo-based Edge Portfolio Management, gives an example. At the end of 2013, he had his eye on a townhouse in a compound built by one of the smaller property developers.

The seller at the time was asking two million Egyptian pounds, when the pound was at 6.95 to the dollar, or $288,000. The seller was demanding 15 percent down, with the rest paid in quarterly instalments over four years.
Now, four years later, the seller is asking 4 million Egyptian pounds ($227,000) for the same townhouse, but with only 10 percent down and quarterly instalments over eight years instead of four.

Adjusting for Egypt’s double-digit inflation, the extended payments have substantially reduced the cost of the unit.
Economists and real estate agents say most sales have been in the primary market, partly because property developers are prepared to provide finance in a country where mortgage finance is still rare, while the secondary market is relatively dormant.

Still, Yasseen Mansour, chairman of Palm Hills Development, one of Egypt’s biggest private property developers, estimates demand for “high-middle to high-end” housing at up to 90,000 units per year, and that only 24,000 such units were supplied in 2016.
“You have a million marriages a year and 2.5 million people coming into the market every year,” he told Reuters.

Palm Hills in October acquired the rights to develop 12.6 million square meters of desert land 15 kilometers west of the pyramids, where it will develop 37,000 housing units. It will begin selling the units in April or May, Mansour said. This is in addition to more than 7,000 units it is developing in other areas in Egypt.

The average wage for Egyptians, including government and private sector employees, was about 4,000 pounds a month in 2016, according to CAPMAS, putting most new housing well out of the reach of the bulk of the population.
“There is nothing at all active in our country these days except for small apartments,” said Hany Osman, who founded and runs El Shams Real Estate, a high-end estate agency.
He said the typical high-end buyer has been hurt by an economic slowdown since Egypt’s 2011 popular uprising.

“No matter how wealthy, you will find him negatively affected economically. If he’s wealthy, the production in his company has weakened and he has been affected negatively.”

Africa Promises Good Investment Opportunity Says Elumelu at WEF

Mr. Tony Elumelu, group chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions.

This, he said, is paramount if the continent is to take its rightful position as a strong regional player in the international community, owing to its numerous investment opportunities.

Elumelu, who is the Founder of the Tony Elumelu Foundation, said the time had come for governments on the continent to put things in place to ensure that the continent which has great potential, lives up to it; adding that already, there are signals of the greatness all around.

Speaking during Richard Quest’s programme on CNN  aired on the sideline of the ongoing World Economic Forum in Davos, Switzerland on Thursday, he said; “the time has come for us to prioritise our young ones, who are the future of this great continent. These are the men and women who are energetic in Africa and who can perform wonders if the enabling environment is there.

“We need to get it right with infrastructure in Africa and with the macro-economic policies and environment. And the good thing is that things are gradually falling in place. I think Africa promises good investment opportunities, the problem has always been creating the right environment for it, and this should be our major focus.” Elumelu stressed.

He added that in Zimbabwe, for instance, there have been recent concerted efforts by the government and the people to change the narrative, adding that “I am optimistic about what is happening in Africa right now, because our leaders are getting it right and in fact what has happened in Zimbabwe is also an indicator of great things to come. The fact that they on their own decided to sort things out the way they did, is a new kind of democracy that the world needs to learn from. “There is so much private global capital looking for the right destination, they can go to Zimbabwe as in other African nations, once the right environment is put in place.”

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

While pointing out that the blame game which previously obtained in the continent should be done away with, Elumelu called for increasing support from the private sector as well as key stakeholders to make Africa and African self-sufficient.

Throwing more light on this, he said; “We can’t keep talking about missed opportunities. What I keep saying to people is to put an end to the blame game. Let’s begin to fix what needs fixing and get things right. Our government should get it right, the private sector should come forward and we need to support the young African entrepreneurs; create economic hope and opportunities for them.  “We need to think of how to engage Africa in the 21st century because it is no longer about giving grants and aid to Africa, it is more about engaging them in a way that creates self-sufficiency; independence; and reduces the perpetual syndrome of dependence.

Continuing, he said “There is promise; it is getting better because the way this year has started in Nigeria for instance, we have seen market indicators showing good promise, so we are optimistic that it will be better year. The Key is to prioritise things that are important to us to help the continent to grow.”

– Nigeria Communications Week

Property investors prefer tourist rather than urban areas in Greece

According to the findings of a survey conducted by pollsters Kapa Research for the Hellenic Property Federation (POMIDA), a large percentage of property owners are finding it difficult to pay real estate taxes. Only 21.6% of the respondents said that they would be able to pay the unified property ownership tax (ENFIA) next year, compared to 25.4% who said they were unable to cover the tax. 38.3% responded they would find it difficult and 14.7% refused or did not know what to answer.

The data recorded that most of the property owners received late rents and a significant percentage does not receive delayed rent payments from their tenants, with a large portion not receiving any rent at all. The survey also revealed that the majority of real estate owners reduced rents, subscribing to the notion that it is best to get less than nothing at all. 76% have decreased rental rates over the past three years.

  • 30.2% intend to sell some property in the next two years, while 76.4% noted they do not intend to buy property in the next two years.
  • 76.8% consider property taxes to be unfair, while 63.3% of the respondents argue that leasing property is a net loss.

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

Furthermore, a long-standing trend in Greek society where investors valued more urban real estate (Athens, Thessaloniki, large urban centres) seems to have been reversed as an increasing number opt to invest in tourist areas.

Tech Leaders Show Support For Ambitious Housing Bill

Silicon Valley is facing a major housing crisis and San Francisco’s state representative, Scott Weiner, has proposed a (very) ambitious bill to allow much more construction. Now, his proposal, SB 827, has the backing of dozens of technology leaders, from Linkedin’s Reid Hoffman to Salesforce’s Marc Benioff.
“The lack of homebuilding in California imperils our ability to hire employees and grow our companies. We recognize that the housing shortage leads to displacement, crushing rent burdens, long commutes, and environmental harm, and we want to be part of the solution,” notes the letter, sent in collaboration with the pro-housing group, California YIMBY. “The housing shortage places a huge burden on workers, many of whom face punishingly long commutes and pay over half of their income on rent.”
Regular readers know that I’ve been very skeptical of past attempts to fix housing, because prior solutions didn’t go nearly far enough. San Francisco alone needs hundreds of thousands of units to make a significant dent in the cost of housing, yet many proposals only add tens of thousands over too long a timeline. Cities need to fundamentally overhaul their landscapes to have any chance at affordability for all income levels.
Weiner’s bill takes this fact seriously and removes zoning restrictions on almost the entire city of San Francisco, Oakland and many smaller suburbs dotting the bay area.  Currently, for instance, height and density restrictions make it more or less illegal to build medium-rise apartment buildings in much of San Francisco (hence why there are so few apartment buildings in the western half of the city).
SB 827 removes many of these density and height restrictions for any areas around “major” transit routes, allowing for buildings up to 45 feet around the suburban areas of San Francisco and 85 near large streets with frequent bus routes.
Tech leadership alone won’t get the bill through California’s legislature. California Governor Brown had similar support on a housing proposal to accelerate building through local approval boards, but was ultimately defeated due in no small part to labor unions who were not happy with how Brown’s bill guaranteed wages for construction workers
By Forbes

Over 370 vacant homes bought for social housing

More than 370 vacant houses and apartments have been bought using a €70 million fund established a year and a half ago to provide 1,600 homes for social housing by 2020.

The Housing Agency was allocated €70 million in July 2016 under the Government’s Rebuilding Ireland housing action plan to buy vacant houses for tenants on social housing waiting lists.

The agency targeted portfolios of distressed properties held by banks and investment companies, primarily private equity funds, with the aim of “bulk-buying” homes in batches to secure discounts. Most of the homes were former buy-to-let properties, but did not have sitting tenants, the agency said.

After the agency buys properties, it sells them on to approved housing bodies, which use a mixture of State and private funding to finance the purchases. The agency then uses the proceeds of the sale to replenish the €70 million fund.

To date 260 houses and 114 apartments have been bought for a total cost of €67.2 million or an average of just under €180,000 each – significantly below market prices, agency chairman Conor Skehan said.

“We can get incredible value, because we’re buying in bulk, and financial institutions, and what some people might call vulture funds, come to us, because they know they get a dead straight player. They know we’ll pay on time so we get great value on behalf of the public.”

In need of work

Just 30 of the homes have so far been sold to housing organisations, with €5.8 million recouped for the fund. However, Mr Skehan said, while formal sales have yet to be completed on most of the properties, the majority have already been handed over to housing charities and have been allocated to tenants.

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

“These homes aren’t lying empty. In some cases they have needed work, particularly ones that were vacant for some time, but most we have passed on to the AHBs [approved housing bodies] under caretaker agreements, which allows them to get the tenants in while they sort out the financing.”

The agency hopes to have secured €20 million by the end of January in sales to the housing bodies.

Simon Brooke, director of policy with Clúid, the State’s largest housing association, has described the process as “painful” and slower than expected.

“We have yet to secure any units through the scheme. Because many of the sales involve receivers, there are legal problems to sort out. There was one estate in Tipperary we had hoped to buy but that’s now completely on hold because a legal challenge was taken against the sale,” he said.

“We would hope the scheme could move reasonably quickly, but it has been an extremely painful process, but that’s the painful thing about housing, it’s always a very slow process.”

NMRC and Modern Shelter Partner to Deepen Access to Affordable Housing

The Nigeria Mortgage Refinance Company (NMRC), Nigeria’s foremost mortgage underwriter has signed a Memorandum of Understanding with Modern Shelter Systems and Services Limited (Modern Shelter),a pioneer mortgage brokerage and real estate marketing firm to leverage their respective comparative advantages to address the removal of barriers to home ownership for offtakers. These barriers include but are not limited to issues such as equity contribution constraints, access to mortgage loans and delivery of qualitative and affordable housing.

The partnership agreement, which was executed on the 25th of January 2018 will see NMRC and Modern Shelter working together towards the provision of housing finance, training, research, advisory and project structuring to increase housing stock that will drive mortgage creation and penetration in Nigeria, using alternative financing mechanisms that align with NMRC’s underwriting standards. The agreement is also expected to promote knowledge, technological transfer and support that grants Modern Shelter access to and use of NMRC’s flagship Housing Market System (HMS) as a means of mortgage prequalification and source of investment for construction finance.

According to NMRC’s Managing Director/CEO, Professor Charles Inyangete, in driving mortgage penetration and influencing housing stock development the company has invested substantial sums of money in providing and improving policy requirements and Information systems’ infrastructure that will assist market players like Modern Shelter and Brains and Hammers to make affordable housing delivery and access to finance scalable hurdles, as a result of the refinancing support that the agreement will prov
ide through NMRC’s member lending financial institutions.

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

On his part, the Managing Partner of Modern Shelter Mr Abdulmalik Mahdi noted that Modern Shelter considers NMRC to be a major stakeholder and pillar in driving home ownership through mortgage refinancing in addition to innovative technology. He further stated that the partnership with NMRC would facilitate access to alternative finance investors and improve Modern Shelter’s ongoing engagement with Sterling Bank and Jaiz Bank using non-interest mortgage banking structures. He added that Modern Shelter has partnered and works closely with reputable developers such as Nigeria’s foremost housing developer Brains & Hammers Limited, Earthpoint Development Services and others to ensure availability of good and affordable housing stock for clients of different income brackets.

The Chairman of Modern Shelter, Mr. Adebola Sheidu who is also Chairman of Brains & Hammers, noted that the MoU and engagement would tie in with the proposed delivery of various projects by Brains & Hammers. The company is working to deliver over 5,000 housing units over a 5-year period across key states in Nigeria. These include, Brains & Hammers City Abuja, Jubilee Estate, Iganmu Lagos and a proposed housing spin – off of the landmark Kano Economic City project. He assured of Brains & Hammers capacity to deliver the housing stock needed to fuel this partnership.

The partnership has the huge potential of improving mortgage finance standards, particularly for the informal sector; it will also better enable NMRC’s member Banks to further create assets that will in turn drive refinance activities, add value and expected outcomes to first time home owners and attract non-interest investors into the housing and real estate sector.

NMRC EMPOWERS 45 INTERNALLY DISPLACED PERSONS (IDP)

In the bid to meet up with the 17 million deficit in the Housing sector in Nigeria, the Nigerian Mortgage Refinance Company (NMRC) graduated 45 Internally Displaced Person’s (IDP) trainees as part of its Corporate Social Responsibilities (CSR), the Skills Empowerment Training which covered three sub sectors within the building construction industry were in Masonry (Block Making/Laying), Plumbing and Electrical installations.

The training which was sponsored by NMRC and coordinated by the Industrial Training Fund Abuja Area office is first of its kind in the series by NMRC. The event kick started and was declared open with a welcome address by the Executive Director of Policy & Strategy, Dr Chii Akporji  followed by  the head of the Industrial Trust Fund (ITF) represented by Mrs Evelyn Irabor  who charged the trainees to utilize the opportunity which will help them chart a new cause for their lives especially  when they get back to their respective locations. The CEO/M D Prof Charles Inyangete advised the trainees to take the skills they have learnt to heart as a valuable asset that can take them through the next phase of their lives. The MD also said that the empowerment training will be a continuous exercise.

Prof Inyangete  promised to create opportunity for internship for the graduands in other to enable them horn their skills as the two months training was short and not enough to fully equip them with the rudiments  needed in the construction industry as well as provide market for the skills acquired.

Mrs Evelyn Irabor presented the certificates to the graduands alongside the M D of NMRC,  Professor  Charles Inyangete  which was also followed by the presentation of working tools for the trade.

READ: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

The trainees thanked NMRC and ITF and also suggested that the same gesture should be extended to other IDP camps in Goru and in other camps.

One of the displaced persons, Enoch Yohanna, an assistant coordinator of Nelson Mandela skills center located within the camp thanked the organizers on behalf of the graduands for their support but called on the federal government to do more in alleviating their sufferings as the government has not provided the camp with any form of infrastructure. He stated that the camp lacks basic infrastructure as the only source of portable water was provided by NMRC two years ago. At the end of the event, Mr Philemon Emmanuel coordinator of the camp also thanked  NMRC.

The IDP camp is located in Kuchingoro part of the F C T and houses the Internally Displaced Persons who were sacked from their village of Goza in Borno state and Muchika in Adamawa state by the most dreaded terrorist group Boko Haram. The camp is made up 4,000 refuges comprising of  450 Children, 1573 Women and 1977 Men respectively.

By Martha Habu

MEET WITH MANUFACTURERS WHO CAN DELIVER A TWO BEDROOM BUNGALOW FOR UNDER N1.5M

Abuja International housing show  brings together a broad-based, nationwide partnership of public and private organizations and committed individuals. The organizers believe that all Nigerians should have access to high quality, affordable housing in suitable locations.

We accomplish our mission by promoting a positive image of affordable housing; demonstrating the need for affordable housing throughout Nigeria; supporting the work of state and federal housing networks to educate, communicate and advocate for affordable housing; influencing public policy and planning to enhance the supply and quality of affordable housing; encouraging the development of a supportive administrative, regulatory and financial environment; and convening key stakeholders to advance forward-looking housing policy development.

The 12th Abuja International housing show will feature THE LATEST Technology and Innovations in affordable housing delivery…….If you are a Real Estate Developer seeking Strategic Alliances or a Government Agency looking for Reliable and Trusted Partnerships……….You must attend West Africa’s Largest Housing Expo.

If you attend this year’s event, you will meet one of our EXHIBITORS from Asia, whose most recent project in Africa includes 88m2 two bedroom house for an average family. 70% of building materials used can be recycled. It is simple to assembly, it can resist earthquake of magnitude 8 and can withstand 12 mph wind gusts.

Read: 13 Reasons Why you Should Exhibit at the 12th Abuja International Housing & Construction Show 2018

The estimated economic life is more than 70 years. The homes boast of superior thermal insulation performance, sound insulation effect; and it can be customized according to customer preferences and shapes.

Meet with our featured manufacturer and other Exhibitors from Asia at the 12th Abuja International housing show, the Largest Housing event in West Africa……….. promoting smarter growth, sensible transportation choices, community revitalization, and open space conservation.

Abuja International Housing Show, if you’re not there, then your not there…….

by Kunle Faleti

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