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Housing will Weaken Further in 2019 & 2020

Strong home price appreciation last year led many to wonder if housing was unsustainably strong. I thought not and in November 2018 wrote Housing Forecast: Not A Bubble In 2019. This update shows that housing will continue to soften, though not quite so much as previously expected.

The most important factor determining housing construction and pricing is the underlying demographics. Housing is mostly built to accommodate new residents; just a little new construction replaces demolished or abandoned housing. My first gauge of the housing market is construction relative to population growth. The accompanying chart shows how many housing units were started per 100 new residents. New residents come from births in excess of deaths, plus net foreign immigration. The population data include estimates of illegal immigration, though there’s obviously some uncertainty there.

 

This ratio shows we are in the ballpark of building just the right amount of new housing, single family homes plus apartment units. This is a low-fidelity measure, ignoring factors such as mobile homes shipments, demolitions, and houses abandoned in rural counties as people migrate to cities. Nonetheless, it gets us in the ballpark of whether we are grossly overbuilding or underbuilding.

Key to this chart is the slow population growth of recent years. The United States population growth last year was the lowest percentage increase since 1937. Many people in the lumber business think of 1.5 million housing starts as normal, but that was back when population growth was much faster. Today, 1.1 million is a normal year, and we built 1.2 million housing units in 2018, though with a downward trend in the second half.

The cause of recent weakness is most likely mortgage interest rate increases. From September 2017 through November 2018, the interest rate on 30-year mortgages increased from 3.8% to 4.9%. Sales of existing homes dropped sharply, with about a one-month time lag. Sales of newly-built single-family houses peaked just after mortgage rates started rising, then dropped sharply in the following months, hitting bottom in December 2018. Mortgage rates obviously affect the affordability of a house, but the changes in mortgage rates also affected expectations of future affordability. Homebuilders moved quickly to avoid the worst sting of the higher rates, then returned to the market at the first signs of rates easing.

 

The income part of the home buying equation has been steadily improving. Disposable income has increased by four to five percent over the past few years, driven by increases in employment and even greater increases in wage rates.

Looking forward, the demographic trends won’t change much, unless the United States suddenly lets in a great many more immigrants. That seems unlikely, even if President Trump  is not re-elected in 2020.

Interest rates have dropped every month since November 2018. Part of this is a global drop in long-term interest rates, and a secondary factor is the recent Federal Reserve policy shift, which involves both short-term rates as well as the Fed’s large portfolio of long-term securities. I expect rates to be level for a few months and then to rise again, as the Fed sees more signs of inflation in the economy.

Household income growth should continue to be strong. Weakness in employment would most likely be driven by labor shortages rather than soft demand. The labor shortage will continue to drive up wage rates, boosting total income.

Rolling these factors together, we are currently close to a reasonable range for housing construction, but a little bit high. The slight oversupply will put downward pressure on price appreciation. If I am right that inflation will accelerate—and be warned that this is now a minority view—then higher interest rates will dampen demand. Combining weaker demand with a little too much supply, and home price appreciation will slow. A major price decline is unlikely, but don’t expect to make easy money simply owning a house.

As I talk to people about the economy, I hear a range of opinions. The gloomy old men see housing as overpriced and younger people too profligate to be able to afford to purchase a home. The real estate professionals panic at the thought that mortgage rates could rise over five percent, as if we haven’t survived much worse. And investors don’t understand that the economy is not the same as the stock market. A good solution to the inherent biases that we humans have is to slow down, roll through the fundamental factors, and ignore headlines as much as possible.

Meet the VIP Speakers – 13th Abuja International Housing Show

The 13th Abuja International Housing Show (AIHS) will be holding from 23rd to 26th July 2019. The globally recognised Show on housing and construction will among other things, including exhibition and making sales, feature a strong panel of national and international speakers.

The speakers who are drawn from reputable institutions like mortgage banks, real estate companies, housing regulatory agencies, construction companies, housing finance firms etc. and from various countries including USA, UK, South Africa, Kenya, Morocco, Rwanda etc. will speak on this year’s theme which is; ‘’Driving Sustainable Housing Finance Models in the Midst of Global Uncertainty.’’

Meet Them:

Prof Yemi Osinbajo

Prof Yemi Osinbajo is the current Vice President of Nigeria, a lawyer and politician. He is also a Senior Advocate of Nigeria, Professor of Law and until his inauguration as Vice President, a Senior Partner with SimmonsCooper Partners, a commercial law practice firm. He was previously appointed as the Attorney General of Lagos state, also known as the Commissioner of Justice during the governorship tenure of Bola Tinubu. He is an accomplished lawyer and visionary leader.

Babajide Olusola Sanwo-Olu

Babajide Olusola Sanwo-Olu is Governor of Lagos state. He contested and won the 2019 gubernatorial election under the All Progressives Congress (APC). He is a graduate of the University of Lagos, as well as the London Business School, Lagos Business School and the John F. Kennedy School of Government. Prior to his gubernatorial ambition, he was the Managing Director/CEO of Lagos State Property Development Commission (LSPDC). He is an accomplished banker and public servant.

Godwin Obaseki

Godwin Nogheghase Obaseki is the current Governor of Edo State. He was the Chairman of the Edo State Economic and Strategy Team inaugurated by former Governor Adams Oshiomole in March 2009. Obaseki holds post graduate degrees in both Finance and International Business, and is a Fellow of the Chartered Institute of Stock Brokers, Nigeria. Obaseki served as executive board member of several private companies including Afrinvest.

Samuel Atta Akyea

Samuel Atta Akyea is a Ghanaian lawyer and politician. A member of the New Patriotic Party of Ghana. He is the Minister for Works and Housing, and the current Member of Parliament of Akim Abuakwa South constituency. He is only the second person apart from President Nana Akufo-Addo to have been elected as MP of that constituency in the 4th republic. He has worked at the Attorney General’s Department, at Akufo-Addo Prempeh & Co. He has worked at Zoe, Akyea & Co., for a period of 14 years. He has been a Member of Parliament since January 2009. He has also served on the Finance, Public Accounts Judiciary and Appointments Committees of Parliament.

Lew Shulman

Lew Shulman is the CEO and Chairman of The Board, iBUILD Global Incorporated, USA – a mobile application on citizen-to-citizen (C2C) housing market disruption tool that empowers people to build, reversing their housing plight through small-scale construction based on each individual’s unique needs. Lew Shulman is an international Investor, Speaker and Serial Entrepreneur. Currently Lew is leading a technology company (Co-Founder) which has developed an end to end Mobile Platform for the construction/housing space in developing countries with partnership contributions from IBM and MasterCard Innovation Labs. He will be sharing his experience over a diverse career and applying his knowledge and desire to help develop and apply scalable solutions to complex global social issues at this year’s Abuja International Housing Show.

Debra Erb

Debra Erb is the Managing Director of Housing Programs for the Overseas Private Investment Corporation, where she leads a team of finance officers to develop, diligence, underwrite and close SME debt and guaranty facilities in emerging markets. She also oversee a worldwide responsibility for business development in the housing finance and mortgage finance sectors. She was previously the President, Societas International Institute for Real Estate Finance, initially funded by the Mortgage Bankers Association of America to support research, technical assistance and training in “best practices” of mortgage finance around the world. The globally acclaimed mortgage expert will be sharing valuable information at this year’s Show.

Kecia Rust

Kecia Rust is the Executive Director and founder of the Centre for Affordable Housing Finance in Africa (CAHF). She is a housing policy specialist and has worked with both public and private sector practitioners in promoting access to affordable housing and housing finance in Africa for the past 20 years. She was the Housing Finance Coordinator at the FinMark Trust from 2003-2014, from where CAHF was established. Over the span of her career, Kecia has consulted and undertaken research in affordable housing finance, residential property assets and property markets, rental and social housing, and the creation of sustainable human settlements, among other issues. Kecia participated in the Wharton School’s International Housing Finance Programme, U.S.A. She holds a Bachelor’s Degree with Distinction from the University of North Carolina at Chapel Hill, U.S.A., and a Masters of Management from the University of the Witwatersrand, South Africa.

Anders Lindquist

Anders Lindquist is Founder and President, Business Development at EchoStone housing. He has over the years coordinated a company that applies special technology to build homes and properties. He will be sharing the secrets behind EchoStone’s ability to reshape and modernise building construction in Africa and beyond.

Robert Hornsby

Robert Hornsby is the CEO of American Homebuilders of West Africa (AHWA), through which he is tackling the housing deficit in West Africa and giving the African diaspora better ways to invest in their home countries. He will inspire participants at the Show with his ability to produce positive change in challenging global environments. His passion for places he has worked and the people he has met will be an interesting feature when he speaks at this year’s Show.

Olivia Caldwell

Olivia Caldwell is a Principal at the Affordable Housing Institute (AHI), where she is currently leading projects across Sub-Saharan Africa, Haiti and the South Pacific. Olivia has a decade of experience in housing finance, housing public-private partnerships, post-disaster reconstruction and green construction. Prior to joining AHI, Olivia worked for CEMEX, one of the world’s largest cement companies, in developing affordable housing solutions in Latin America, with an emphasis on post-disaster reconstruction in Haiti. Olivia has an Executive Master’s in Management from the London School of Economics, an MA in Sustainable Development from the United Nations Mandated University, and a BA in Anthropology from McGill University.

Agnes Tokumbo Martins

Agnes is a Director at Central Bank of Nigeria. She graduated with a Bachelors degree in Economics from the University of Lagos in 1983, and joined the Central Bank of Nigeria in 1990. She holds a Masters degree in Business Administration also from the University of Lagos. In 2001, she proceeded to London South Bank University, United Kingdom to study Advanced Information Technology specialising in Object Oriented Analysis and Design and graduated with a Distinction. She obtained a second Bachelors degree in Applied Accounting with First Class Honours from the Oxford Brookes University, also in the United Kingdom. She is the first female president of Information Systems Audit and Control Association (ISACA) Lagos Chapter. She is a member of Risk Managers Association of Nigeria’s Board of Trustees.

Mounia Tagma

Mounia Tagma is the Regional Manager, Affordable Housing Institute, Morocco. She is a prominent stakeholder in North-Africa and Middle East Housing Development.

Femi Adewole

Femi Adewole is the MD/CEO of Family Homes Funds – an initiative of the Federal Government aimed at facilitating affordable housing delivery by entering into specific partnerships with supportive state governments, developers and international partners/agencies that can provide technical support and financing for project implementation. Femi Adewole is a real estate and housing professional with over 25 years’ experience leading housing initiatives across Sub Saharan Africa and the United Kingdom. Until his appointment, he was managing director of Shelter Afrique, the Nairobi- based pan-African housing finance company.

Deji Alli

Deji Alli is the Chairman and CEO of Mixta Africa SA. Prior to this, he served as the founding CEO of Asset & Resource Management Company Limited (ARM), a role which he stepped down from in July 2015. Deji’s career also spans Prudential Portfolio Managers Limited, UK and the African Development Bank. He holds a B.S degree in accounting and a post-graduate degree in Finance from the University of Lagos.

Kehinde Ogundimu

Mr. Kehinde Ogundimu is Managing Director of Nigeria Mortgage Refinance Company Plc and has been its Executive Director since November 26, 2015. Mr. Ogundimu is a seasoned professional with over 20 years’ work experience in financial services (secondary mortgage and diversified banking), energy and public accounting. He started his career at PricewaterhouseCoopers and subsequently worked in various capacities at Texaco Overseas (now Chevron Nig. Ltd) in Nigeria and in the Washington DC region at Pepco Energy Services, Freddie Mac, Fannie Mae and finally at Capital One Bank, where he was the Head of Debt, Derivatives and Securitization before joining NMRC. Mr. Ogundimu is a fellow of the Institute of Chartered Accountants of Nigeria (FCA), a member of the American Institute of Certified Public Accountants (CPA), a Chartered Financial Analyst (CFA) Charterholder. He has attended several executive management programs in leading educational institutions including Harvard Business School and Gordon Institute of Business Science, University of Pretoria, South Africa. Mr. Ogundimu holds a Bachelor of Engineering (B.Eng Honors) degree in Electrical Engineering from the University of Ibadan and obtained an MBA from the University of Lagos, Nigeria.

Ahmed Dangiwa

Ahmed Dangiwa is the MD of Federal Mortgage Bank of Nigeria. He is an architect with over 30 years of Real Estate, Infrastructure Development, Banking and Management experience spanning private and public practices as well as in academia. He was previously a Managing Partner of AM Design Consults since 1996, an architectural and real estate development consultancy firm, and Jarlo International Nig. Ltd, a Construction Company, where he supervised the delivery of several outstanding projects in diverse areas and sectors across the country, mainly in real estate development. Arc. Dangiwa excelled as a mortgage finance practitioner, rising through the ranks in Sahel Mortgage Finance Limited from a Property Manager to Head of Credit Control to becoming the Manager, Mortgage Banking Division.

Prof Mustapha Zubairu

Prof Mustapha Zubairu is the Project Consultant, Niger state Smart City Project. Before his appointment, the lecturer from Federal University of Technology, Minna facilitated a partnership between the Niger government and the UN habitat which attracted the Korean Business Society to the state.

Prof Johnson Falade

Prof Johnson Falade is Former country rep for UN HABITAT in Nigeria. She is a Member of the Nigerian Institute of Town Planners, Member Town Planning Registration Council, Fellow of the Nigerian Institute of Town Planners, and Member Nigerian Society of Landscape Architects.

Prof Charles Inyangete

Prof. Charles Inyangete is the Former and Pioneer Chief Executive Officer – Nigeria Mortgage Refinance Company (NMRC). He was previously the Chief Executive Officer T-Mortgage Limited, Group Chief Executive Officer Integrated Risk & Investment Services (IRIS), and Independent Non-Executive Director, Exim Bank.

Andrew Chimphondah

Andrew Chimphondah is the MD of Shelter Afrique, the Pan-African finance institution dealing exclusively with providing affordable housing finance and advisory solutions in Africa. Mr Chimphondah, a Zimbabwean national is a Chartered Accountant and member of both the South African Institute of Chartered Accountants (SAICA) and the Institute of Chartered Accountants of Zimbabwe (ICAZ). He holds an MBA majoring in International Finance from the Durham University Business School (United Kingdom). He is currently completing his PHD thesis on innovative housing finance solutions for the affordable housing market with the Da Vinci Institute in South Africa. Mr Chimphondah, has more than 20 years Finance and Business executive leadership experience in real estate finance, retail and wholesale banking. He joined Shelter Afrique from Housing Investment Partners (PTY) Limited where he served as the Group Chief Executive. He has also worked as the Managing Executive for National Housing Finance Corporation which is the largest developmental financial institution in Southern Africa. He has also served as Director and Managing Executive Levels focusing on home loans at ABSA and the Standard Bank in South Africa.

Hakeem Ogunniran

Hakeem Ogunniran is the MD/CEO Eximia Realty, Abuja. He is the former Managing Director of UACN Property Development Company Plc. He also served as Divisional Managing Director of MDS Logistics, a Division of UAC of Nigeria Plc. He served as Manager, Legal Services of UACN Plc. From 1998 to March 2000, he served as Western Area Manager, Marketing Manager, GBO/MDS Division of UACN and Acting Managing Director of UPDC at various times. He was a Director of UACN Property Development Company Plc until 2018. Mr Ogunniran attended various training programmes including the General Management Programme of Ashridge Management College, U.K (2000) and the Strategic Leadership Programme of Cranfield University, UK. He served as President and Chairman of Council of the Institute of Chartered Secretaries and Administrators of Nigeria. Mr. Ogunniran holds LL.B, Masters of Law (LL.M) and MBA degrees from the University of Lagos and was called to the Nigerian Bar in 1985.

Ugochukwu Chime

Reverend (Surv) Ugochukwu Obiora CHIME, Surveyor, Real Estate Developer, Physical Development Consultant etc, is the National President of Real Estate Developers Association of Nigeria (REDAN), and President of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA). He is a notable FMBN consultant in Real Estate Development with many successful developments across the country to his credit. He had a 15 years working experience with Anambra/Enugu States Government in Ministry of Lands, Survey and Urban Development (May 1980 – June 1995). He started serving as the Managing Director/Chief Executive Officer of COPEN GROUP OF COMPANIES from June 1995 till date. He served as Chairman, Board of Directors, Enugu State Housing Development Corporation (2003 – 2007). He is also the Chairman, Bethel Microfinance Bank Ltd and sits on the Board of many other companies.

Adeniyi Akinlusi

Mr. Adeniyi A. Akinlusi is the President, Mortgage Banking Association of Nigeria (MBAN). He was previously the Chief Executive of Intercontinental Homes Savings & Loans Plc. Mr. Akinlusi held various strategic and leadership positions in Intercontinental Bank Plc, and in March 2006, he was seconded to Intercontinental Homes Savings & Loans Plc as the Managing Director/Chief Executive. After over 20 years of extensive and diversified banking experience in niche banking including, Corporate, Retail, Branch, Regional, Oil and Gas, Public Sector and Mortgage banking, he retired from Intercontinental Bank as a General Manager.

Mr. Akinlusi served as a Director of Intercontinental Homes Savings & Loans Plc. Mr. Akinlusi holds a B.Sc (Accounting) from University of Ilorin and a Masters of Business Administration (MBA) from University of Lagos. He is a Fellow (FCA) of the Institute of Chartered Accountants of Nigeria (ICAN), an Associate (ACIT) of the Chartered Institute of Taxation (CIT), an Alumnus of Harvard Business School (HBS) Boston, U.S.A., the International Institute for Management Development (IMD), Lausanne, Switzerland, Lagos Business School, (LBS), Lagos, Nigeria and a Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HCIB). He has also attended various Management, Strategic and Leadership courses in Nigeria and abroad including London Management Centre (London); I.E.S.E. Business School, University of Navarra (Barcelona, Spain) and the Wharton Business School, University of Pennsylvania (Philadelphia, USA).

Dr Femi Johnson

Dr. Femi Johnson, DBA, serves as a Non-Executive Director of Nigeria Mortgage Refinance Company Plc. Prior to becoming the CEO of Homebase Mortgage Bank, Dr. Johnson started his banking career in 1992 at Guaranty Trust Bank Plc., and then worked in Diamond Bank Limited, as well as First Atlantic Bank Plc. before joining Guardian Express Bank Plc. in 2001 as the Group Head, Telecoms and Technology. He was the pioneer Chief Executive Officer of Guardian Express Mortgage Limited in April 2004 and was appointed Deputy Managing Director/Chief Operating Officer of Spring Mortgage Limited in September 2006, following the merger of banks that birthed Spring Bank Plc. Dr. Johnson is a Fellow (FCA) of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow (FCTI) of the Chartered Institute of Taxation of Nigeria (CITN), a Fellow (FICA) of the Institute of Credit Administration, a Honorary Senior Chartered Banker (HCIB) of the Chartered Institute of Bankers of Nigeria (CIBN) and also an Associate of the New York State Society of Certified Public Accountants, (NYSSCPA). He is a graduate of the Harvard Business School Advanced Management Program and he holds a DBA (Doctor of Business Administration) degree from the Cranfield University, United Kingdom in Economics and Finance. He also holds an MBA degree from the Lagos Business School and had previously obtained an MBA from the University of Ado-Ekiti.

Olabanjo Obaleye

Olabanjo Obaleye is the Managing Director and Chief Executive of one of Nigeria’s top mortgage banks, Infinity Trust Mortgage Bank Plc. He was previously an Operations Manager both at Societe Bancaire Nigeria Ltd and Midas Bank Plc.

Ifeoma Okoye

Ifeoma Okoye is the Executive Director at Brains and Hammers. She has over 20 years’ experience in start-up operations across human capital management, real estate development and management, business strategy, turnaround plans, process mapping and business re-engineering. She is a real estate investment strategist and has managed several aspects of construction projects. She was previously Managing Partner, Brent Consulting; Head, Human Resources Visafone Communications and others.

Jumoke Adegunle

Jumoke Adegunle is the General Manager of Lafarge Affordable Housing and Buildings. She is a curious-minded engineer and business manager. Inspired by innovation and creativity. Follower of architectural and engineering design. Travel enthusiast and explorer.

Eucharia Onimisi Alozie

Architect (Mrs) Eucharia Onimisi Alozie is the head of the Public Private Partnership for Housing & Works in Federal Ministry of Power, Works & Housing Abuja. Alozie joined the Civil Service as Senior Town Planning Officer in the Federal Ministry of Housing and Urban Development where she rose through the ranks to become a Deputy Director, URD & PPP in the Ministry from 2011 till date. She became the Head, PPP (Housing) in 2014 and in 2016 her responsibility was expanded to include Head, PPP (Works). In the course of her career, she has coordinated, planned, designed and implemented several Federal Government housing & works programmes nationwide. She has also headed and served in various sensitive committees in the Ministry.

Afolabi Imoukhuede

Afolabi Imoukhuede is a Senior Special Assistant in the office of the Vice President on Job Creation and Youth Employment (Npower). Prior to his appointment to national assignment, he is the pioneer Chief Executive Officer of MCS Consulting Limited. An Accountant by profession, he is an experienced International Development consultant with sector focus in construction, real estate and small business development. He is also a certified Project Management and Human Capital consultant with particular emphasis on the Technical, Vocational Education and Training (TVET).

Mr Olu Olarenwaju

Mr. Olu Olanrewaju has been Executive Director of Operations at East Thames Group Limited since December 14, 2015. Mr. Olanrewaju served as an Executive Director of Communities and Neighbourhoods at East Thames Group Limited until December 14, 2015. Mr. Olanrewaju joined East Thames in December 2013 to lead its Communities and Neighbourhoods directorate. He has a wide remit including all the Group’s landlord services, customer service, care and support, and repairs delivery. Mr. Olanrewaju served as Managing Director of Housing Association PCHA at Genesis Housing Group Limited since June 2009. Mr. Olanrewaju served as managing director of housing and regeneration group Midland Heart. He served as Interim Director of Communities and Neighbourhoods since October 2013 and was a member of East Thames board from 2001 to 2008, first as Chair of East Homes, an operating subsidiary, then as Vice Chair of the Group. He has two decades of experience in housing, including senior roles at several housing associations such as Midland Heart and Radian. Mr. Olanrewaju is also on the board of a small housing charity and is a trustee at Common Purpose.

Sa’Adiya Aliyu Aminu

Sa’Adiya Aliyu Aminu is CEO Urban Shelter Limited. After completing her education, she joined the Debt Management Office as a technical assistant to the Director-General. In 2009, Sa’adiya joined Urban Shelter Limited as a Senior Manager to the Chairman office. In a role requiring a deft hand and a steady touch, she streamlined the operations of the Chairman’s office, increasing efficiency and productivity. Her success in this role led to her promotion as Chief Operating Officer, where she aims to leverage her organisational talents to move the company forward.

Jide Odusolo

Jide Odusolo is the special adviser to the Governor and Chief Executive, OPIC (Ogun State Property Investment Company). He is Commercial Real Estate guru with previous working experience at Octo5 Enterprises as Chief Strategist; Legacy Holdings Limited; Texaco Overseas Petroleum Unlimited and Ecobank.

Dorothy Baziwe

Dorothy Baziwe is the Executive Director of Shelter and Settlements Alternatives: Uganda Human Settlements Network (SSA: UHNET).

Kayode Omotosho

Kayode Omotosho is the Executive Secretary of Mortgage Banking Association of Nigeria (MBAN). His sojourn in the Financial Sector which commenced from National Bank in 1981 resulted into his appointment with Resort Savings and Loans Limited in 1993 as the Pioneer General Manager and consequently an Executive Director covering areas such as Mortgage Banking Operations, Treasury Management, Accounts/Finance/Systems as well as Human Resources Department. In July 2003, he assumed the exalted position of the Pioneer Executive Secretary of Mortgage Banking Association of Nigeria (MBAN) to contribute his humble quota to the growth, development and smooth-functioning of a well-structured Mortgage Banking/ Housing Finance Sector in Nigeria.

Imeh Okon

Imeh Okon is the Senior Special Assistant to the President on Infrastructure. She previously worked as the Project Manager, Power Africa with the United States Agency for International Development (USAID). She is an Infrastructure Expert with over 15 years’ experience in various sector reforms and privatisation transactions. Imeh began her career at the Bureau of Public Enterprises (BPE) in 2002, where she was a key member on the team that contributed to the successful privatisation of 23 terminals of the Nigeria Ports. She also participated in the reform work for the Railway, Aviation, River Basins and Energy sector. She was also a member of the 7 man team mandated from BPE to operationalize the Nigerian Electricity Regulatory Commission in 2005.

Mr Roland Igbinoba

Roland Igbinoba is the Founder, Pison Housing Company; Growth and Development Economist; Health Economist; and PropTech Enthusiast. He is the President Roland Igbinoba Housing Foundation. He was previously the MD/CEO, FHA Mortgage Bank, and Deputy President Mortgage Banking Association of Nigeria (MBAN).

Kunle Faleti

Kunle Faleti is a US Career Mortgage Banking and Risk Management Professional with over 25 years international experience in Mortgage Operations, Retail Lending, Retail Risk Management and Affordable Housing Solutions. He has previously worked as Senior Mortgage Underwriter, SunTrust; Consultant/Mortgage Specialist (Nigerian Housing Finance Program), World Bank Special Project; Chief Risk Officer (CRO) Union Homes Savings and Loans Plc; Managing Director/Cheif Excutive of Mortgage Subsidiary (Diamond Mortgages), Diamond Bank Plc and others.

Festus Adebayo

Festus Adebayo is the MD/Convener of Abuja International Housing Show. He is also Founder and CEO of media company, Fesadeb Communication. With a professional training in law, he also previously worked as a Banker. He is a graduate of Obafemi Awolowo University, with Masters in Business Administration from University of Lagos. He is a media guru and member of Nigeria Institute of Management and a leading promoter of Housing Development in Nigeria. He has received commendation awards for his impressive contributions to housing development from various professional bodies, NGOs and government establishments. He is the president of Housing Advocacy Network – The leading advocacy platform for promoting home ownership, mortgage education and affordable housing in Nigeria. He is the owner of Housing Television Programme on Africa Independent Television (AIT), Nigeria Television Authority (NTA) and Television Continental (TVC). He is an advocate partner of African Union of Housing Finance (AUHF). He is also a member of Advertising Practitioner Council of Nigeria; Nigeria Bar Association and others.

By Ojonugwa Felix Ugboja

A Guide on How to Establish Important Connections at 13th AIHS

It’s important that if you are going to take the time away from work to attend a conference like 13th Abuja International Housing Show (AIHS), you know exactly how to maximize it!

The Abuja International Housing Show can be a game changer for your brand and business. More importantly as a participant, if done the right way can prove to be a gold mine of opportunities. Whether you are going to attend the show’s conference sessions, the exhibition or to make sales, you have to be prepared.

There are things that successful professionals do at AIHS that helps them make the most out of the event. And this piece will show you how.

Most professionals look forward to AIHS because they are certain they will get new business from it; they know exactly how to work a room and walk up to a stranger like an old friend; they are a magnet for business cards because they aren’t the sleazy schmoozer types; they are the people who everyone wants to sit next to at lunch.

Pros seem to effortlessly manage the schedule, land VIP coffees and kill it at after-parties.

First Tip: Your Assets
AIHS Conference pros not only have the skills to rock the event, they also have an arsenal of tools at their disposal. Before you go to the event, make sure you have the following in place:

Your Badge: One of your most important, but often overlooked, assets for AIHS conference and exhibition is your badge. It is your first impression. It is your conversation starter. It is your calling card. It is your key to interactions. Before leaving, double- and triple-check that your name and company is spelled correctly in the conference system. This way you won’t show up and discover a mistake. You also might consider bringing your own badge, lanyard or pins to add. It’s easy to strike up a conversation with someone who has added something interesting to the boring traditional badge.

Insider Tip: If you have an opportunity to add a conversation starter to your badge, do it! For example, you can write your favorite quote on the back of your badge so if it flips over, there is still something interesting there. You can add a conversation starter below your name. Sometimes badges allow you to add an interesting fact–never pass up an opportunity to add an additional element to your badge. It will make YOU easier to approach.

Your Contact: At AIHS, if someone wants your information, you definitely can give them a business card, but you also want to be able to bump or pass someone your info phone to phone. This is especially helpful if someone wants to grab drinks later. We highly recommend having a professional contact for yourself in your address book that you can text someone quickly. This ‘conference contact’ should have just your phone number, email, website and maybe social media info, such as your Twitter or Instagram handle.

Your Business Card: Hopefully this is obvious, but bring a TON of cards–more than you ever think you will need. Don’t be that person who runs out and needs to use a napkin instead.

One other big thing to think about with your business card as an asset. Be honest: Is your business card boring? AIHS Conference pros have interesting, conversation-sparking, memorable business cards because they are getting so many at once. If you can, we highly recommend having your picture on your business card, so people remember who you are when looking at it later.

2. Pitch Perfect

Most people have one elevator pitch that they use for everything. This is a MISTAKE for conferences. You want a conference-specific elevator pitch tailored to the people you are meeting. This will help you be more relevant and more memorable.

How do you tailor your pitch for a conference? You have options. You can say, “My name is Lagbaja, and I’m mortgage investor at a mortgage finance company called Mortgage Lead.”

Before you arrive at the conference, write out a few specific variations of your pitch. Especially if you are attending the trade show and exhibition behind a booth. You want your elevator pitch also to be your sales pitch for your booth. For example, when you are marketing a product to clients at the show, your pitch can be like this: “We’re a home and office furniture company running a promo for our new clients. Want to try it?”

3. Offer Don’t Ask

Some participants do not perform very well at the conference because they believe that conferences were about asking. Some participants just want to get more business cards and contacts, but that can present them to be too needy.

Participants have to discover the power of the offer. It is best to let other connections at the conference know that you have something beneficial to offer them. That will trigger their interest because they too are looking out for what to benefit.

4. Don’t Be Isolated

Ensure to be early at the events. Don’t pass up the opportunity to get to a session five minutes early and sit at a partially full table or block of seats with people. Don’t pick the empty table or the row of empty seats! You are missing the best networking opportunity. When you sit down at a table, you can ask an easy context come on, “What made you sign up for this session?” or “How’s the lunch?” or simply, “What brings you here?”

5. Get In and Stay In

Once you’re in, you want to stay in. Staying in is how to keep the conversation going. These tips work whether you are standing at a booth or chatting with someone in the bathroom line. First, use conference-specific conversation starters, such as:

What did you think of the keynote?

Have you learned anything really interesting so far?

Which break-out session are you going to go to?

Any booths I should stop by in the Exhibition Hall?

Second, use killer conversation starters. Please DO NOT ask them what they do or where they are from. These are ridiculously boring and YOU are more interesting than that. Once you have had some casual chit chat, use one of our killer conversation starters, such as:

“Worked on anything exciting recently?” This is a better way to ask someone what they do.

“What are you looking forward to the rest of the day?” This is better than asking someone “How are you?”

“Who is the most interesting person you have met here?” This is a great way to build your network.

6. Know Your Limits

If you are not an extrovert, don’t try to be! Even if you are an extrovert, we all have limits. The worst way to do a conference is to try doing it all, even when you’re exhausted or out of your element. Do you do better one-on-one? Then setting up coffees at conferences is going to be way more productive for you than attending a break-out session. Do you love late nights? Then host an after-party! Knowing your limits also applies to food, sleep and timing too.

When you are ready to wrap it up, give them a genuine compliment, such as, “It’s been a pleasure talking to you.” or “I loved hearing about your business idea.”

Then cue them to the exit with a follow-up item, such as, “I’ll follow-up with you on email.” or “Hope to see you at the after-party tonight.” or “Pass me your business card and I’ll find you on LinkedIn.”

Finally, the handshake is a really clear cue and will get even the most persistent person to realize that you want to make a lasting impression. Smile, stick out your hand and give a nice send-off with well wishes, such as, “Good luck today.” or “Break a leg in your workshop.” or “Safe travels.”

7: Network with AIHS Mobile App and Our Social Media

Maximizing a conference doesn’t just happen at the conference. It can also happen online. Make sure to download to AIHS Mobile App on Google store and make new virtual connections with like minds and businesses.

Use the event hashtag! If you are on Twitter, you can get so many new followers by using the event hashtag. Jump on the hashtag during keynotes and workshops. Post pictures and thank you’s. This gets you tons of new followers and activity.

If you can thank the organizers and conference planning committee, do it! They work really hard to put on events and very rarely get thanked. Who knows? You might be chosen as a speaker for next year/

By Ojonugwa Felix Ugboja

US Expert, Debra Erb Leads Global Stakeholders to 13th AIHS High Calibre Conference for Learning, Networking

The 13th edition of Abuja International Housing Show will be presenting a big platform of learning and networking for all stakeholders in housing and construction from 23rd to 26th July 2019.

At this year’s edition, international housing expert, Debra Erb of Overseas Private Investment Corporation, USA, will lead a strong delegation of international investors and experts to Nigeria for an event that will have the most impact in the country’s housing and construction industry.

The show has been reckoned as the number one place for highest number of international experts in housing and construction, sharing their experience and knowledge on the best ways to finance affordable housing, mortgage and construction.

Over 30 speakers from at least 15 countries will be speaking at this year’s event. The speakers who are drawn from reputable institutions like mortgage banks, real estate companies, housing regulatory agencies, construction companies, housing finance firms etc. and from various countries including USA, UK, South Africa, Kenya, Morocco, India, China, UAE, Ghana, Rwanda etc. will speak on this year’s theme which is; ‘’Driving Sustainable Housing Finance Models in the Midst of Global Uncertainty.’’

Other expected global leaders include, Lew Shulman, CEO and Chairman of The Board, iBUILD Global Incorporated, USA; Kecia Rust, Executive Director and founder of the Centre for Affordable Housing Finance in Africa (CAHF); Anders Lindquist, Founder and President, Business Development at EchoStone housing; Robert Hornsby, CEO of American Homebuilders of West Africa (AHWA); Olivia Caldwell, Principal at the Affordable Housing Institute (AHI); Mounia Tagma, Regional Manager, Affordable Housing Institute, Morocco, and many more.

The perennial challenge to affordable housing in many African countries including Nigeria is the lack of access to housing and construction finance. And with very high interest rates, lending is very expensive for developers. This year’s show will open doors of opportunity for developers, mortgage banks, investors and governments to access alternative and cheap finances for housing and construction projects.

For an ever evolving world of housing and construction, it is very important for stakeholders to stay ahead by exposing themselves to the kind of information and awareness that is available at AIHS.

From previous experiences, developers and investors have been able to key into numerous funding options that are presented at the show. This has led to the development of several housing estates and construction projects in the country.

The show also offers high level opportunity for professional networking. With high calibre attendants from all over the world, participants will be able to network among the crowd, establish new contacts and advance their individual and corporate business opportunities.

A lot of professionals and corporations have been able to expand their business network, engagements and relationship with other brands as a result of the networking opportunity provided by Abuja International Housing Show.

As a cross section of international dignitaries and companies, a lot of high level clients are introduced to other business with unique products and initiatives in the housing, finance and construction industry.

This year’s Show will be declared open by the Vice President of Nigeria, Prof Yemi Osinbajo, GCON. Other distinguished personalities gracing the occasion includes state governors, foreign ministers and ambassadors; permanent secretaries and directors of ministries; members of national assembly; state commissioners of land and housing; public and private sector CEOs; foreign investors and many more.

All stakeholders and participants are encouraged to take advantage of this rare opportunity to learn new things and engage in professional networking that can change the fortune of their careers and businesses. The international show which will start with a CEOs Forum will start on 23rd of July, 2019, at International Conference Centre, Abuja. Visit www.ihs2019.org for more.

Welcome to AIHS 2019

The Abuja International Housing Show is thrilled to welcome you to the 13th edition of Africa’s biggest event in housing and construction. The Show recognises your invaluable participation in this historic event and is excited to make you feel most welcome.

With over 40, 000 participants every year, Abuja International Housing Show is widely acknowledged as the prime destination for global stakeholders in housing and finance for impact conferences, panels, policy development, product exhibition and making of sales.

Among others, there will be elite conferences like the CEOs Forum and International Housing Finance Conference geared towards the unravelling of latest approaches to housing and construction finance; dealing with perennial challenges to affordable housing; proposing alternative finance models; encouraging wide sector collaboration and advancing the sector in general.

Over 30 speakers from at least 15 countries will be speaking at this year’s event. The speakers who are drawn from reputable institutions like mortgage banks, real estate companies, housing regulatory agencies, construction companies, housing finance firms etc. and from various countries including USA, UK, South Africa, Kenya, Morocco, India, China, UAE, Ghana, Rwanda etc. will speak on this year’s theme which is; ‘’Driving Sustainable Housing Finance Models in the Midst of Global Uncertainty.’’

This year presents countless opportunities like networking; making of sales; b2b meetings; launching of new products; market exploration; investors’ dinner; Nigeria Housing Awards Dinner, and many more.

To enable you keep up effectively with what is going on, to enjoy all conference benefits and to join our growing community, make sure you download the AIHS mobile app on goggle store.

On behalf of the highly respected members of AIHS advisory board, we enjoin you to make the most of your time here. Establish new partnerships, learn new things and make sales. We wish you safe journey to and from AIHS 2019.

Abuja housing show to attract over 20,000 participants from 15 countries

All is now set for the 13th edition of Africa’s biggest expo – Abuja International Housing Show – scheduled to take place in July. The expectations for this year’s edition are very high as over 20, 000 participants have confirmed participation, the organisers said in a statement.

 

The expectations for this year’s edition are very high as over 20, 000 participants have confirmed participation, the organisers said in a statement. ADVERTISEMENT As the biggest platform for product exhibition, over 400 local and international exhibitors are expected to showcase their latest products and innovations to their clients and buyers who are ever attracted by the incomparably cheap bargains available at the show. Participants, according to the statement, will cut across at least 15 countries including USA, UK, UAE, South Africa, Kenya, Ghana, India and China. There will also be a high level delegation of international diplomats and foreign ministers of works and housing including Ghana’s Samuel Atta Akyea.

Abuja International Housing Show is a choice destination for those seeking relevant and up-to-date information about housing, construction, mortgage, investments and real estate management. There will be at least 30 local and international speakers who will be sharing their knowledge and experience around this year’s theme, ‘Driving Sustainable Housing Finance Models In The Midst of Global Uncertainty’, a testament to how it continues to be an invaluable experience for building professionals in Nigeria and across the globe.

18 BENEFITS AWAIT PARTICIPANTS AT THE 13TH ABUJA INTERNATIONAL HOUSING SHOW

The 13th Abuja International Housing Show slated for the 23rd – 26th July, 2019 promises to be bigger than ever, convening a basket of opportunities to discerning businesses and individuals. Here are 18 benefits waiting to be reaped by participants of this year’s event;

1. THE BIGGEST HOUSING EVENT: The award winning Abuja International Housing Show has grown to become the biggest housing event in Africa bringing a collection of values to participants over the years. Participants gain benefits in proximity access to all of the best business, networking, conference events and products and services, all in one place.

2. CEO CONFERENCE: The Abuja International Housing Show hosts the most influential built industry Executives and Directors at its CEO Conference. The CEO Conference is an exclusive one day event which fosters business and bonding opportunities between public and private sector CEOs within the sector. Participants benefit by drawing a wealth of wisdom and networking with some of the industry’s most prominent CEOs.

3. SPEAKERS: The Abuja International Housing Show unleashes the most prolific international and local speakers, thinkers and innovators from the most prominent global agencies, African housing foundations and housing associations and corporations. Participants benefit from the latest in new thinking, knowledge and insight from the best minds, academics and innovators across sectors.

4. TOP GOVERNMENT OFFICIALS: With the strong impact of the public sector in the built and construction industry, government officials spearheading policy implementation will be fully represented at the Abuja International Housing Show. From the Vice President, Senate President, Ministers and politicians. Exhibiting businesses benefit from a one on one meet and greet with officials to boost business growth.

5. REAL ESTATE DEVELOPERS NETWORK
The Show draws the creme de la creme of the real estate developers network, housing corporations, housing ministries and housing foundations across Nigeria, Africa and the Diaspora. Participants expand their prospects for business success through linkages within a hosts of these groups to grow their businesses and access brand new opportunities in real time.

6. PROFESSIONAL BODIES
All relevant professional bodies across the built industry value chain are represented at the Abuja International Housing Show, bringing relevant updates in building procedures to ensure continuity in construction operation standards. Participants benefit by having direct access to the best professionals to deliver premium expectations on top notch projects.

7. INDUSTRY PROFESSIONALS
The Abuja International Housing Show is a melting pot of the most extensive line up of industry professionals as participants glean insights from a cross section of the most diverse fields. These professionals range from interior decorators, architects, engineers, builders, developers, consultants, inventors, environment impact assessment experts, building tech experts, researchers, academics etc.

8. HOTTEST TRENDS IN HOUSING
The hottest industry trends shaping the future of housing including construction, building design, technology, software etc. will be on display at the 13th Abuja International Housing Show. Individual and business participants will be granted a preview into new ideas and insights transforming the industry in the 21st century.

9. BUSINESS NETWORKING: This laudable event is a platform for the networking and interaction of business to business and business to consumers companies, increasing partnership and collaboration among complementary businesses across the built industry value chain. The Abuja International Housing Show has proven to be a connector of company to company collaborators and is set to once again be a platform for the launch of this benefit.

10. BIGGEST COMPANIES: The biggest companies in building and construction services are a staple at the Abuja International Housing Show, showcasing the best in quality products and services. Participants get direct access to decision makers on distribution rights across local and global regions.

11. AUDIENCE: An average total of over 15,000 attendees have been recorded live at the Abuja International Housing Show. These are joined by audiences numbered in tens of thousands connecting to the show from across the world through streaming platforms including YouTube, Facebook and the AIHS website. Exhibiting businesses benefit in optimum exposure from this huge audience base which grows by 10 percent annually.

12. WIDEST ARRAY OF HOUSING PRODUCTS & SERVICES: The widest array of building products and services will be on display at the Abuja International Housing Show. Participants benefit through interactions with producers, manufacturers and importers to build value for private and public developments.

13. MASSIVE DISCOUNTS
The biggest annual discounts from the biggest product and service companies are recorded and delivered at the Abuja International Housing Show. Developers and buyers can enjoy up to 50% discounts on selected services that meet their specific needs.

14. HOUSING FINANCE: As always, the show brings together, local and international finance institutions, housing finance platforms, investors and opportunities in project funding to enable housing development agencies, companies, organisations and individuals access critical funding opportunity and information to grow and power projects.

15. AFFORDABLE TO LUXURY HOUSES: Participants are accorded first hand experience of all kinds of houses, ranging from the most luxurious to the most affordable. The show congregates the most consumer sensitive developers, providing mortgage friendly housing to individuals, families and cooperatives across Nigeria.

16. MEDIA COVERAGE: Hosted by Fesadeb Media Group, owners of Housing Development Program on AIT, Channels TV, NTA and DSTV, Housing Times on RayPower and Housingnews, an online Housing content curation platform, the Abuja International Housing Show provides an unprecedented exposure record for exhibiting organisations through print, electronic and digital media channels reaching an average of 5 million viewership annually. This leverage is enhanced to impact all attending businesses at the Show.

17. TECHNOLOGY: This year, the Abuja International Housing Show will feature the latest in proptech software to enhance building development advantages, giving participants a preview into how technology will influence buildings of the future.

18. MEET INTERNATIONAL DEVELOPERS: Investors in international assets have the opportunity to meet and interact with property developers across the world’s major cities including Dubai, New York, UK, Amsterdam, Atlanta, California, Japan etc.

The 13th Abuja International Housing Show is enhanced to deliver these benefits and much more to all participating segments this year. Mark your calendar. Don’t miss this annual opportunity.

AIHS SETS THE PACE FOR AFFORDABLE HOUSING SHOWCASE

As annually anticipated, expectations are high for Africa’s largest real estate event, the Abuja International Housing Show. The event which is in its 13th year remains poised as ever to convene global and local leaders across the built industry value chain.

Themed, ‘Driving Sustai nable Housing Finance Models in the Midst of Economic Uncertainities’, the overall goal of the show which can be summed up in the reduction of the 17 million housing deficit looming over the Nigerian landscape with the input of value addition from a wide host of service providers, will see sector thought leaders discussing innovations, designing strategies, promoting successful outcomes and determining implementation routes in housing finance models.

With agitations from past events and housing advocacy platforms for the dire need to utilise off-takers affordability and mortgage capacity evaluation in tackling housing shortage, prominent real estate players, professionals and developers have set their sights on the proper determination of affordable housing needs based on demography and income segments to ensure no segment is left out of housing development plans, as the lower income brackets stay under served.

In this regard, the 13th Abuja International Housing Show billed for the 23rd – 26th July, 2019 is expected to unravel a plethora of models of affordable houses to match current economic realities of population segments which encapsulates basic to mid income earners while targeting a variety of housing finance models which can enable sustainable success of such low cost initiatives.

The prospects for the mass replication of showcased affordable houses will take center stage seeking feasibility into affordable housing finance models and platforms to increase consumer affordability while reducing housing deficit in the midst of both global and local economic uncertainities.

As a frontrunner in housing development policies and advocacy of housing for all, the Abuja International Housing Show will once again deliver laudable solutions for practical adoptions in sustainable housing finance models that boosts housing affordability in Nigeria and the continent of Africa.

By Ojonugwa Felix Ugboja

13th AIHS to Unfold Alternative Housing and Construction Finance Opportunities

From 23rd to 26th July 2019, over 40, 000 participants from Nigeria and at least 15 countries will convene at the International Conference Centre, Abuja, for Africa’s biggest event on housing and construction – the Abuja International Housing Show (AIHS).

The flagship housing and construction event will among other things including exhibition and making of sales, unfold the most effective and alternative models and opportunities for accessing finance in housing and construction development.

With over 30 international speakers this year, the show will dedicate specialised sessions like the CEOs Forum, Finance Conference and Stakeholders’ Panels to unveil the latest opportunities for developers, mortgage banks, housing and construction investors, agents, architects and others in the industry to the cheapest and most sustainable ways to access finance.

To Attend Click Here To Register

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Inadequate access to finance has remained a limiting factor in housing and construction development in Nigeria and Africa. It is therefore the mandate of AIHS to expose developers and other key stakeholders to new funding arrangements that can fast-track their objectives of providing one of man’s greatest needs – shelter.

Key stakeholders and institutions in collaboration with AIHS to make this possible includes CBN, NMRC, FMBN, MBAN, Family Homes Funds, IFC, AUHF, Affordable Housing Institute U.S.A, and many more public and private sector financial institutions.

The show will feature international finance experts like Kecia Rust, Lew Shulman, Debra Erb, Anders Lindquist etc. who have been able to help developers and housing stakeholders in countries like USA, UK, India, South Africa, China, UAE, Egypt and many more find alternative ways of financing housing investment, construction and development.

This year’s show therefore offers privileged opportunity for developers to key into global prospects of finding a way out of the financial limitations that has for so long crippled housing development.

Organisers of the Show believe that a well-funded housing and construction sector can boost a nation’s economy, contribute to the GDP, improve social wellbeing and create multiple jobs.

One of the greatest benefits for developers and investors in this year’s event will be the physical presence of many global and local financial institutions that will be offering subsidised funding packages to willing developers who meet the minimum requirements. With local interest rates at double digits, developers will seize this opportunity to access highly subsidised funds at very flexible conditions.

According to the Show’s organisers, developers and prospective investors will be exposed to numerous funding models including crowd funding, equity funding, stock markets, bonds, private lending, capital grants, tax concessions, carbon credits and many more.

So far, the Show has offered such opportunities in the past, which has led to the construction of multiple housing estates, construction projects, affordable mortgages etc. This year’s edition will not be an exception and will in fact extend the frontiers of financial freedom for developers and investors.

The show which will be attended by numerous high commissioners and international ministers of housing will be declared open by the Vice President of Nigeria, Prof Yemi Osibanjo, alongside governors, state commissioners of land, housing and urban development, national assembly members, ministry of housing, head of all housing related agencies, corporate CEOs and all relevant private and public sector stakeholders in housing and construction.

Click Here To Register

By Ojonugwa Felix Ugboja

Why Nigerian Leaders – Must Be At 13th AIHS

The Abuja International Housing Show (AIHS) is set for its 13th edition from 23rd to 26th July 2019 at the International Conference Centre, Abuja with over 40, 000 expected participants from Nigeria and at least 15 countries.

As the biggest housing and construction event in Africa, it is expected to host the most recognizable leaders and stakeholders who are shaping and influencing the growth of the sector.

It provides the biggest platform for housing and construction policy conversations bordering on formulation and execution. Its many sessions like the Housing Finance Conference, CEOs Forum and Break-out Panels will engage constructively on how to address housing challenges in Nigeria through policy and administrative interventions.

In light of that fact, the show is therefore a must attend for past and present Nigerian leaders who are concerned about housing delivery in Nigeria. Past and present leaders have introduced a lot of policies and initiatives to address the country’s housing deficit to no avail.

The show is therefore a great opportunity for these leaders to understand why many policies and initiatives failed to meet their objectives, and what can be done to amend past mistakes. Over 30 local and international speakers will be on hand to deliver keynote lectures on the best approaches of tackling housing crisis in Nigeria.

Participating leaders will have opportunity to also speak about ongoing projects and how the masses can key into them and benefit from them. Past leaders will also use the show to educate present leaders on what the most critical areas are and what they should prioritize.

The show will generally present an atmosphere of free flowing conversation about how all stakeholders can contribute to the growth of housing in Nigeria.

As the most involved stakeholders, past and present leaders have always participated in the show and this year’s edition wouldn’t be an exception, especially because of its enlarged frontiers of dialogue, networking and promotion of policies and projects.

Present leaders can also interact with more private housing stakeholders in order to forge better areas of working together and advancing synergy for housing growth and development.

Prominent among leaders that have attended the show includes former Senate President, Bukola Saraki, Former Minister of Housing, Tunde Fashola, Kano state Governor, Abdulahi Ganduje, Former Governor of Bauchi state, M.A Abubakar, Senators and House of Representatives members, ministers of housing from numerous African countries and high commissioners.

By Ojonugwa Felix Ugboja

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