The Housing Sector plays a more critical role in a country’s welfare than is always recognized, as it directly affects not only the well-being of the citizenry, but also the performance of other sectors of the economy. Adequate housing provision has since the early 1970s consequently engaged the attention of most countries, especially the developing ones, for a number of reasons.
First, it is one of the three most important basic needs of mankind– the others being food and clothing. Second, housing is a very important durable consumer item, which impacts positively on productivity, as decent housing significantly increases workers’ health and well-being, and consequently, growth. Third, it is one of the indices for measuring the standard of living of people across societies.
Consequently, programmes of assistance in the areas of finance, provision of infrastructure and research have been designed by governments to enhance its adequate housing delivery. The focus on finance has, however, been very prominent for obvious reasons. This is because housing provision requires huge capital outlay, which is often beyond the capacity of the medium income/low income groups.
A major area of concern has been housing financing, which has often been fingered as one of the most formidable constraints in the housing sector. It is in recognition of the critical importance of finance in housing delivery that the theme of 13th Abuja International Housing Show is: Driving sustainable Housing Finance Models In The Midst of Global Uncertainty.
As the 13th Abuja International Housing Show scheduled to take place on July 23rd to 26th 2019 at the International Conference Centre, Abuja, approaches,find out why housing finance is the focus of the 13th Abuja International Housing Show.
1.Stakeholders will be enlightened on the issues of housing finance as it is widely known that the capital involved in housing development is very huge.
2.Participants will be educated on strategies that can be adopted in executing housing projects with minimal financial problems.
3.At the 13th Abuja International Housing Show, housing finance experts will sensitize policy makers on the need to make good housing policies and sensitize the government on the need to implement the policies by investing massively in housing development, to meet the accommodation needs of the citizens.
4.Participants will be exposed to issues and solutions to housing finance in Nigeria, and the level of government investment in housing through the mortgage institutions.
5.Among the financial services, housing finance creates employment, both directly and indirectly.
6.Industries such as cement, brick manufacturing, sanitary products, electrical fittings and glass industries experience more demand due to house construction.
7.Rural housing develops not only rural areas but prevents migration of labour to urban areas.
8.Housing finance helps in creation of more houses which results in building up more infrastructure facilities, such as roads, electricity generation, drinking water facilities, etc.
9.Factories or industrial establishments create townships by providing more housing facilities to their employees. Housing finance thereby reduces congestion in urban areas.
10.Due to housing finance, there is a vertical expansion and re building of dilapidated houses and re modelling of the existing houses.
The 13th Abuja International Housing Show will be our biggest event yet and if there was a time to become an exhibitor or a participant, it is now!!
Source: Affa Acho