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13th AIHS: How To Attract Foreign Capital for Housing Finance in Nigeria – Sade Hughes

Speaking at the 13th Abuja International Housing Show that held from 23rd to 26th July 2019, Sade Hughes of Mixta Africa said that while access to housing is an unprecedented global challenge growing fast with rapid urbanisation, the housing problem is more pronounced in emerging markets across Africa, Asia and Latin America.

According to her, the biggest challenges faced by emerging markets like that of Nigeria are fragmentation and inability to meet unprecedented volumes of housing deficit; Inability to align stakeholders and catalyse grassroots impact; challenges in making the economics work, and in a number of cases, housing initiatives are driven by governments who face enormous treasury challenges.

Foreign Direct investments, as important as they are, she said, are attracted more by regions where domestic capital is already being applied to unbridle the potential in these economies.

“In addition to strong economic fundamentals, local capital is required to de-risk opportunities and prove their viability to international investors

“The application of local capital ahead of FDI plays an important role for the sustained growth of local enterprise in an economy,” she said.

According to her, transforming the huge need into bankable opportunity will require public and private sector involvement

“FDI has to be deployed in key areas of the value chain to have the most impact in order to stimulate home production and ownership.

“Foreign capital when applied appropriately can improve an economy’s capacity to create affordable mortgages.

“The creation of mortgages has a huge multiplier effect in stimulating the production of lower middle income and affordable housing because it gives investors a clear exit path.

“Foreign capital is better attracted to opportunities where local capital (public or private sector) has been used to de-risk them.

“Macro economic policy that support liberalisation play an important role in attracting foreign capital inflows,” she said.

By Ojonugwa Felix Ugboja

Multi-Level Action to Bridge the Gap in Affordable Housing

Highlights from the International Social Housing Festival high-level policy roundtable

Housing Europe joined forces with the UN Economic Commission for Europe (UNECE), the European Committee of the Regions and the Metropolitan Region of Lyon for a high-level Roundtable discussion as part of the 2nd International Social Housing Festival.

Building on the efforts of the United Nations Economic Commission for Europe which endorsed in 2015 the Geneva UN Charter on Sustainable Housing, the Action Plan of the Housing Partnership under the Urban Agenda for the European Union, the ‘State of Housing in the EU’ Report, Housing Europe and the CoR own-initiative report ‘Towards a European Agenda on Housing’ the event brought together senior officials responsible for housing and urban affairs, representatives of local authorities and housing providers, experts and representatives of international organisations to discuss and exchange experiences on how to move forward in bridging the gap in affordable housing.

In reaction to this shift at EU level and to take stock of the growing amount of evidence and reports from the Eurostat, OECD & The World Bank, Housing Europe has joined with the UNECE Housing and Land Management Committee to launch an Affordability Outlook to run for one year. As well as taking stock of growing global consensus on the need for a change in direction on housing, the Outlook will work to channel the expertise and experience on housing systems, to guide on the best ways the European Commission can indeed ensure functioning housing markets and adequate provision of social housing.

Housing Europe President, Cédric van Styvendael opened the event calling for a new alliance at all political levels in support of affordable housing along the lines of the ‘Lyon Commitment’, inviting all 250 participants to sign it.

Elena Szolgayova, Chair of UNECE Committee on Urban Development, Housing and Land Management, UNECE and Director General, Ministry of Transport and Construction of Slovakiapresented the new global policy context around housing including the SDGs, the Urban Agenda for the EU and the UNECE Charter of Sustainable Housing. Elena stressed the importance of connecting all these pieces of the puzzle to effectively address the housing challenge.

Christophe Lalande, Leader of the Housing Unit at the Housing and Slum Upgrading Branch of UN Habitat underlined that the starting point for tackling the housing crisis must be realising & protecting the right to housing.

Hicham Imane, Member of the European Committee of the Regions and Rapporteur of the CoR Opinion ‘Towards a European Agenda for Housing’ said that it is crucial in the next legislative term to put an Action Plan for Affordable Housing, as presented by the S & D Candidate for the Commission Presidency, Frans Timmermans at the core of the EU work.

The first session was dedicated to experiences in providing affordable housing with a low environmental impact, discussing interlinkages between housing affordability and environmental sustainability.

Maja-Marija Nahod, Assistant Minister, Ministry of Construction and Physical Planning of Croatia showcased a really diverse set of actions with some rather encouraging results in the country’s building stock. EurActiv wrote about the Energy Renovation programmes of the Croatian government that ‘they can teach us as much as their football’.

Stimulating investment in new construction, safeguarding affordability and reducing the construction costs were the main pillars of Germany’s strategy for housing en route to its EU Presidency as presented by Jens Schumacher of the German Permanent Representation in Brussels.

In the discussion that followed, Mårten Lilja, Vice-Chairman of Rijkbyggen in Sweden and Member of the Housing Europe Boardstressed that the next step for the sector, moving forward from Zero Emission Buildings towards Zero Emission Neighborhoods requires new ways of cooperation between actors in neighborhoods.

Marnix Norder, Chairman of Aedes- the Federation of Dutch Social Housing Associations- and a Member of the Housing Europe Boardgave a brief overview of the Dutch sector’s strategy to be carbon neutral by 2050 and discussed the needs in terms of policy at international level to achieve a fair, green energy transition. “Is it more important to have a circulair or smart building or to reduce CO2 emissions? We have to chose and we, as Aedes, chose to focus on CO2 emissions.”, said Mr. Norder.

Reinhard Six, Senior Engineer at the Energy Efficiency Division of the European Investment Bank gave a number of examples of projects the Bank has supported in the wider affordable housing sector, including Retrofitted housing with additional new construction including space for community/social activities in Hamburg and the thermal rehabilitation of 270 buildings in Romania in Bucharest S6 district. He also explained the added value of the ELENA (European Local Energy Assistance) in Project development support for energy efficiency in buildings. You may read here the successful case of our Flemish member, VVH with their Aster project.

 

The afternoon session focused on ‘Housing as a Service in Welfare 2.0’ with representatives from Spain, the Czech Republic and Albania sharing their quite different national experiences.

Doris Andoni, Director of Housing Policy at the Ministry of Finance and Economy of Albania took participants to a journey through the different stages of the country’s housing policy, providing insights related to the characteristics of the housing stock, the demographic dynamics and the situation in the free market. Albania is now trying to fill the affordability gap through housing programs that address different housing situations and income levels ranging from temporary shelters for homeless and emergent cases, to specialized houses for elderly, differently able people, victims of domestic violence, children that need a special protection, etc. and from improvement of existing houses for poor and vulnerable groups to Social or Public Housing.

Daniela Grabmüllerová, Director of International Relations Department at the Ministry of Regional Development in the Czech Republic showcased the key success factors in the country’s housing policy, including cooperation of governments at all levels, having rental housing as a key tool at supply side of the housing market, keeping a special focus on socially disadvantaged groups while looking for new models – e.g. Community housing, social mix in residential buildings.

Javier Martin, Secretary General Director for Architecture, Housing and Urban Policy at the Spanish Ministry of Public Works, Transport and Housing gave an overview of their Action Plan to increase the supply of affordable housing for rent, to give response to the growing demand in some territorial areas using tools such as Public-Private Partnerships, State Aids more focused in target households, reforming the regulation on contracts and reinforcing the Housing and Land Observatory. Mr. Martin concluded saying that the 2030 Agenda for Sustainable Development has been the driving force behind the Spanish Urban Agenda.

In the discussion that followed, Willem Adema of the Labour and Social Affairs Unit of the OECD said that support to home owners still prevails over support to (social) tenants across OECD countries, highlighting the need for more balanced policy approach.

Jaana Närö, Chairperson of KOVA, the Finnish Social Housing Federation- a member of Housing Europe- made it clear that in her view one needs to address the housing question before dealing with any other social issue. This is also the secret behind the Finnish success story, the stability of housing solutions. Jaana invited everyone to Helsinki in 2021 to draw inspiration during the 3rd International Social Housing Festival. You may already get a taste watching this video.

Housing Europe Board Member and Chair of our Flemish member, VVH, Bjorn Mallants underlined that the social housing sector must be careful not to get drawn into an overly financial view of its value. Need to put people at the centre and work in partnership for them, giving example of work with the homeless sector.

In the closing session, Kerstin Jorna, Deputy Director General, of the European Commission Directorate General for Financial Affairs (ECFIN) started by saying that housing is key for the overall wellbeing and this is why the Commission has put it high on the European Pillar of Social Rights. Acknowledging that Member States and local authorities cannot solve the housing crisis alone, Mrs. Jorna shared that the Commission will be taking more initiatives in the near future, announcing the establishment of an interservice group dealing with housing that will connect all policies on housing within the European Commission.

Last but not least, Michaela Kauer from the City of Vienna delivered a quick overview of the EU Urban Agenda Housing Partnership Action Plan sharing also her experience as Co-Coordinator.

In her sum-up Sorcha Edwards, Housing Europe’s Secretary General welcomed the positive signals announced by Deputy Director General, of the European Commission Directorate General for Financial Affairs and referring also back to the recent Summit of EU Member States held in Sibiu, Romania where the Commission’s contribution to the summit states ‘We need to support access to quality, energy-efficient affordable housing for all in Europe, supporting Member States to ensure functioning housing markets and adequate provision of social housing.’ (Source: European Commission (2019), Europe in May 2019:  Preparing for a more united, stronger and more democratic Union in an increasingly uncertain world.

In reaction to this shift at EU level and to take stock of the growing amount of evidence and reports from the Eurostat, OECD & The World Bank, Housing Europe has joined with the UNECE Housing and Land Management Committee to launch an Affordability Outlook to run for one year. As well as taking stock of growing global consensus on the need for a change in direction on housing, the Outlook will work to channel the expertise and experience on housing systems, to guide on the best ways the European Commission can indeed ensure functioning housing markets and adequate provision of social housing. The Outlook will be co-chaired by David Orr and Elena Szolgayova.

Source: housingeurope

13th AIHS: Prof Inyangete Charge Built-Environment on Financing Sustainable Buildings

While speaking at the 13th Abuja International Housing Show (AIHS) which held from 23rd to 26th July 2019 in Abuja, Professor Charles Inyangete, Chairman and Chief Executive Officer of Innovative Risk & Investment Solutions (IRIS) Limited, charged stakeholders in the built-environment to finance sustainable buildings in order to grapple with the present and imminent challenges of climate change.

While delivering a paper titled, ‘Financing Sustainable Buildings:  Impact of Built Environment on Climate Change,’ Inyangete said that climate action offers a major opportunity to ensure sustainable global development and boost economic growth. According to him, it is already delivering real results in terms of new jobs, economic savings, competitiveness and market opportunities, and improved wellbeing for people worldwide with even greater investment, innovation, and growth potential ahead.

He said that population growth and urbanization, especially in Africa and Asia, are putting pressure on housing delivery systems, which are often informal or rely on the state. By 2030 Africa, he said, will have more than 50 percent of its population living in cities.

‘’Where formal housing can’t be supplied, informal housing quickly fills the gaps and slums proliferate, creating new development challenges.


‘’While developing countries have made great progress in improving the framework for housing and housing finance, a significant gap remains to access to affordable housing.

‘’Green buildings represent the low hanging fruits in fighting energy crises. One of the cheapest way of cutting GHG emission is to make buildings more energy efficient with low ecological footprint. This is done through retrofitting existing buildings and planning and design of green buildings.

‘’It is estimated that, by adopting green building practices, the world will reduce an estimated 30 % of the global energy demand by 2030.

‘’Green buildings are not rocket science: we find passive architectural elements in vernacular architecture and in most ancient buildings. These buildings rely mostly on passive/natural means for cooling, heating and lighting.

‘’Green buildings are designed to reduce the demand for resources such as: energy, water, land etc. They are also designed to generate much of the energy they consume, using alternative sources of energy such as solar and wind. Excess energy is feed into the national/local electric grid.’’

Sustainability, according to him is development that meets the needs of the present generation, without compromising the ability of future generations to meet their needs. This sustainability, he said, is based upon three components: economic growth, social progress and environmental protection.

Speaking further, he said. ‘’Over 50% of Nigerians already live in cities, 34% below the poverty line and 68% below the empowerment line.

‘’By 2050 Nigeria will be home to 295m people, equivalent to half Europe’s urban population, and only just falling short of U.S. figures. This momentous shift which will bring nearly 200m new people into cities, create over 20 new middle-tier cities, and ensuring Lagos will rival Beijing, Mexico City and Sao Paolo in size.

‘’With cities accounting for est. 75% of greenhouse gas emissions globally, and 53% highly vulnerable to serious and near-term climate change effects,

‘’Nigeria’s cities will be a vital nexus for mitigation and adaptation initiatives. Not only this, but as the country is yet to build the majority of its urban infrastructure, it has the opportunity to leapfrog developed nations by adopting clean technologies and economic strategies early.

“When we have more efficient buildings, we will have less demand on power. Green building is the best way forward. It is a good thing that we now have certification for IFC Edge for green building. We need to encourage regreening in the environment. We need to build the capabilities of our financing and investors to be able to manage climate change risks.”

“We need to collect data because what gets collected is what gets managed. Town planners need to consider the environment while planning. In 2016, Nigeria incurred N351 billion cost for gas flaring,’’ he said.

With a memorable quip, he said, “climate change is not the biggest issue of our time, it is the only issue.”

By Ojonugwa Felix Ugboja

Bhaskar Rao of Royal Ceramics Wins CEO of Building Materials Company of the Year

The CEO of Royal Ceramics Limited, Bhaskar Rao has won CEO of Building Materials Company of the Year at the just concluded 2019 Nigeria Housing Awards (NHA) in Abuja on the 26th July 2019.

The prestigious award is in recognition of the contributions of Royal to the Nigerian housing and construction market through innovations, local content advancement, quality delivery and trust.

ROYAL, a product of West African Ceramics Limited, which is a leading manufacturer of Ceramic, Vitrified & Roofing tiles in Nigeria has been serving the needs of building material industry in West Africa since 1995. Starting with a single unit production facility of only Ceramic Tiles at Suleja, Niger State, the company moved on to a bigger production facility at Ajaokuta, Kogi State, thus presenting an array of products in Wall & Floor Tiles in both Ceramic, Vitrified categories and also Roofing tiles.

The state of art production facility is fully automatic & uses Italian technology & equipment’s. Offering an exquisite range of Polished & Un-Polished Wall & Floor Tiles in Ceramic, Variety of Porcelain Vitrified Tiles ranging from Soluble Salt, Glazed Vitrified Tiles, Granite Series, Salt & Pepper Series, Wood Series, Double Charged etc and Vitorsa Tiles under VB Series in all requisite sizes like 80×80 cm, 60×60 cm, 30×60 cm, 40×40 cm, 30×30 cm & Wall Tiles in 25×40 cm & 30×60 cm which are durable & maintenance free. Also soon coming up with bigger sizes like 90×120 cm, 1m x 1m.

The Nigeria Housing Awards marked the end of the 13th Abuja International Housing Show which hosted 30, 000 participants and over 30 international speakers from at least 15 countries from 23rd to 26th July 2019 at the International Conference Center Abuja. The award which held on the 26th July 2019 celebrated a number of excellent performers in the industry in the year under review.

By Ojonugwa Felix Ugboja

Housing: Experts Brainstorm in Abuja

Local and foreign experts in the housing sector, at the weekend, concluded a housing show, where they brainstormed on how to bridge the deficit in the country, as well as in the continent.

The programme which is the 13th edition of Abuja International Housing Show, had participants from drawn from various countries within the continent, Europe, Asia and America.

Hannatu Fika, executive secretary of the Housing Loans Board, during the event, said the Federal Government cannot solve the housing problem in the country alone.

“At the public sector level, the government of the day has done a lot to enable public servant, own their own homes to serve as motivation so that they can perform better.

“Government alone cannot provide all the housing need of public servants. So, what we have tried to do in the last ten years is to partner with private developers who have the funds.

“They go into construction at low-cost level and the civil servant will come to us by identifying these private developers and then we lend money to the public servant that is the loan entitlement  of the public servant to the private developer so that they can build this homes for them ranging from N3 million to N15 million,” he said.

The housing show, which was convened by Mr. Festus Adebayo, sought to proffer solutions to the housing challenges faced by citizens.

In his remarks, Adebayo urged the Federal Government to invest in the housing sector, saying citizens would be productive if they had good accommodation.

He said it is not right that the government is spending so much on health, while many of its citizens are living in slums.

“I have been hearing that the people who voted for President Buhari are not the elites, those who cannot afford houses are the ones who voted for him.

“So by creating interest in housing, you help them to own the house, that will help in a very good way. The idea of spending so much money on health where the people are living in slums is not the right way to solve the problem of housing.

“If people are provided with a decent home, level of health hazards will go down, so why spending money on health? Put decent money in housing, I can assure you that the number of going to the hospital will reduce,” he added.

Source: sunnewsonline

Inclusion of Land Use Act, NHF in 9th Senate’s Agenda Raises Hope for Housing Sector, Economy

Hope is in the air for Nigeria’s struggling housing sector and the wider economy that the obsolete Land Use Act and the largely elusive National Housing Fund (NHF) are included in the legislative agenda of the 9th Senate for intervention.

Expectation is that a review of the Land Use Act would free land for housing and other economic activities, including agriculture and industrialisation, while the NHF would ensure more people would be able to get a mortgage to build or buy houses, leading to increase in the country’s GDP.

Senate President Ahmed Lawan, speaking through Ashiru Oyinlola, a senator, who represented him at the ongoing Abuja International Housing Show (AIHS), was optimistic that with this intervention, all other policies required to get Nigerians closer to their dreams, especially housing, would be achieved.

“The importance of housing cannot be over-emphasised. Our needs are enormous while resources are lean. But the best thing about the future is that it comes one day at a time. Today presents us with the opportunity to consolidate on what we have built and to start new projects where necessary,” Lawan said.

AIHS is an annual housing event organised by Fesadeb Communications Limited, a housing sector promotion and advocacy firm. The show, now in its 13th edition, is arguably the largest gathering of housing sector stakeholders in Africa. This year’s edition has as theme ‘Driving Sustainable Housing Finance Models in the Midst of Global Uncertainty’.

In a veiled reference to this theme, Lawan noted that concerted efforts were required to think of the multiple ways of funding housing development in a way that would not only lead to the provision of homes, but to the growth of the economy.

“I am aware that there are critical areas that require legislative intervention like the Land Use Act, the National Housing Fund (NHF), housing regulations, and many more enabling policies. It is in the legislative agenda of the 9th Senate to see to it that all policies required to get us closer to our dreams are achieved,” he said.

The Land Use Act, enacted by the military government under Olusegun Obasanjo in 1978, is an obsolete land law that has overstayed its welcome and outlived its usefulness. The Act, which was aimed to ease access to land for housing, industrial and other economic purposes invested land ownership on state governors.

But the governors have, more or less, bungled the Act with its implementation. Land has now become a political tool in the hands of the governors. It is used for political patronage or victimisation, depending on which side of the divide the prospective beneficiary stands.
Every attempt to amend or review the Act has failed because amending it requires legislative action, which, in turn, involves expunging it from the constitution that only the National Assembly can do.

This is why the assurance of legislative intervention on the Act by the Senate President is something to look forward to with expectations of positive impact on both housing and other productive activities.

The NHF is another Federal Government intervention in the housing sector whose implementation has defeated its good intentions. The NHF, established in 1992 to aid the demand side of housing, was aimed to provide single-digit, 6 percent, interest rate to a subscriber to the fund seeking mortgage loan with repayment tenor of 20-30 years, depending on the age of the subscriber.

Today, the fund, which is being managed by the Federal Mortgage Bank of Nigeria (FMBN) is avoided like leprosy because the primary mortgage banks (PMBs), through which the fund can be accessed, have made it not only inaccessible but also unaffordable through spurious demands from subscribers.

Source: businessdayng

Private Developers Seek Capital Market fund for Housing

Property developers have advised the Federal Government to consider the use of existing capital market fund to kick-start massive housing development programme.

The experts, who spoke at 2019 Abuja International Housing Show, explained that when such initiative is fully operational, financial challenge, which impede construction of housing for the citizen would be a thing of the past.

Leading the call, the Managing Director, Eximia Realty, Mr. Hakeem Ogunniran said Nigerian housing sector needs funding opportunities through capital market bonds to drive sustainable finance models in Nigeria.

He argued that real estate is a financing game and utilising the market to get long-term funds should be the focus. Ogunniran said “We cannot grow the sector when a chunk of money is going back to government.”

Contributing, Olufemi Ajulo of Enarxis International, applauded government for embarking on infrastructure development, stressing that monetary policy for developers should be looked into.

“Government has done enough to bring the housing industry out of its present condition, though developers want to concentrate building of houses in Abuja and Lagos”.

On his part, the President of Real Estate Developers Association of Nigeria, Ugochukwu Chime, said there are factors that would lead to massive housing, like development code, which few states have domesticated, among other policies.

Chime stressed that the industry has a lot to offer but what needed to be done to make it works, remains a challenge to developers and homeowners, adding that operators should speak the truth at all time.

Muktar Aliyu of Urban Shelter, listed finance, land and infrastructure, as the biggest impediments,saying that should be urgently addressed.

Meanwhile an indigenous firm, Cosgrove has acquired twelve hectares of land to construct a smart estate at Maitama/Katampe, Abuja.

This makes it the fourth estate being developed in the Federal Capital Territory due to increasing demands from inhabitants seeking smart homes. The firm also plans to embark on Mabushi and Guzape smart projects.

Speaking with The Guardian at Abuja Housing Show, Marketing Executive, Ochua Umoru, said after delivering Wuye Smart Estate, the company plans to apply for land, for the construction of another housing units.

Unoru also added that progress made by the company in less than two years of operations include, the Wuye Smart Estate which consists of, over 160 smart homes, that were sold to buyers within three months.

She said the projects are signature homes that showcased the latest designs and advancements in housing technology, adding that ‘the estate would be super-smart, and would consist, about 300 housing units.

“We are offering various types such as, seven-bedroom luxury villas, five bedroom fully detached, five bedroom semi-detached, four bedroom terraces and two bedroom luxury apartments with maids room and elevators,’ she added.

Contributing, Chief Executive Officer of Cosgrove, Umar Abdullahi said that every home in the estate will be fully automated and will feature the latest innovations in housing technology.

Umar said the firm has constructed over ten estates so far pledging to continue to get the best-known brains in research that would work to provide sound ideas for implementation.

Source: guardianng

Edo’s Housing Reforms Win Big As EDPA Boss Bags CEO Of The Year Award

The Executive Chairman of the Edo Development and Property Agency (EDPA), Isoken Omo, has been adjudged the best female Chief Executive Officer (CEO) of state-owned housing agencies in Nigeria at the Abuja International Housing Show.

The award is coming after her impressive commandeering of the affairs of EDPA, starting with the overhaul of the agency, with the re-enactment of its law in 2018; the development of Emotan Gardens Estate in partnership with Mixta Africa and the recertification of owners of the different estates controlled by the agency.

Recall that on arrival at the show earlier in the week, Omo said the state government has done a lot to reposition the housing sector in the state.

She noted that with the reforms in the state, the EDPA is now well-positioned to act as a private-sector facing agency, with a mandate to attract investment in the state’s housing sector.

According to her, “In the last few months, we have embarked on massive reforms in the housing sector, which have yielded positive results. Already we have completed the first phase of Emotan Gardens, which has sold out. We have also brought in sanity in the existing estates and have recertified property owners.

We are also working on a mall in the Sopkonba Road axis of Benin city, with private partners. All these, I believe, are what we are being celebrated for at the show this year.”

Governor Obaseki embarked on a holistic reform of the housing sector with the outlawing of Community Development Associations (CDAs) with the private property protection law, revamp of the EDPA and the sanitisation of property titles with automated Certificate-of-Occupancy (C-of-O) being issued by the Edo State Geographic Information Service (EDOGIS).

Source: leadership

What Foreign Participants, Speakers, Exhibitors Said About ‘Amazing’ 13th AIHS

The just concluded 13th Abuja International Housing Show has international participants, speakers and exhibitors full of praise for the show, its impact and importance in the global housing, construction and finance sectors.

The show has been largely commended for setting the right tone for housing development in Africa and has cemented its place as a truly international platform for stakeholders.

Among the international participants at this year’s show with positive testaments are Debra Erb, Managing Director of Housing Programs at OPIC, Kecia Rust of AUHF, Robert Hornsby, Andrew Chimphondah, MD of Shelter Afrique and many more.

For Debra Erb who was attending for the first time, the Abuja International Housing Show has set a standard and requires more collaboration from government and private players.

‘’This show gives stakeholders a chance to gather and figure out ways to solve the affordable housing needs of people in Nigeria and Africa. The first thing to do about solving the affordable housing needs is talk to the actors, and this is what the Abuja International Housing Show is about. It is an impressive platform she said.

For all her great efforts in financing housing initiatives across the world, she was honoured by the organisers of the show with an excellence award in housing finance.

Also speaking on the significance of the show was Kecia Rust, the CEO of African Union for Housing Finance, AUHF.

‘’I thank the Abuja International Housing Show for this opportunity to showcase our organization and motivate for increased Nigerian participation in the network. You are doing a tremendous job for housing in Nigeria! Thank you for making the space for so many to collaborate with one another,’’ she said.

The Chief Executive and Managing Director of Shelter Afrique – the pre-eminent Pan African Housing Development Financial Institution – Andrew Chimphondah also had glowing words of praise for the 13th Abuja International Housing Show and its organisers.

‘’On behalf of the Board and Management of Shelter Afrique, we would like to thank you for including Shelter Afrique in this very auspicious Abuja International Housing Show (AIHS) to provide a key note address. We benefited from the strong networks that were created between Developers, Investors, Funders, Regulatory Authorities and all stakeholders in the Real Estate and Housing Sectors. Rest, assured that Shelter Afrique is re-energized in its quest in fulfilling its vision of providing decent and affordable housing for All Africans.

‘’We believe that with the shortage of Housing in Nigeria up from 17 million to 22 million in 2019 and the estimated shortage of Housing now up from from 51 million to 56 million. We can aspire to reduce it, because to eradicate it would require funding of US$1.4 trillion as a minimum.

‘’Let us continue as fellow housing activists to advocate through the Abuja International Housing Show for an eradication of this scourging housing deficit so that our fellow brothers and sisters can live a dignified life as a basic human right.

‘’I want to also commend the living legend, Festus Adebayo, for his selfless contribution in advocating the need to seriously address the housing crisis.

For Anders Lindquist of Echostone, the 13th Abuja International Housing Show is the most significant highlight for their company and what they stand for.

Speaking on his impression of the show, he said; ‘’I was so moved by the reception we’ve received during our time at AIHS. I feel that EchoStone must say thank you for allowing us to share in this monumental event. Your hospitality has been instrumental in our success at the show. We’ve made far reaching connections in affordable housing, which offer the potential to bring over a million affordable homes to Africa – not to mention the massive amount of jobs that will follow.

‘’Without a doubt, the attendees of this conference have been some of the most dedicated, enthusiastic, and engaged of any that we’ve attended. Our entire company owes you a debt of gratitude for allowing us to present on two panels and participate in and outside the conference walls.

‘’Thank you for helping us to change the housing development landscape and join in this celebration of innovation. It has given our entire team a vision of our future in Africa that has inspired us all.

‘’So, again, I extend our sincerest thank you and look forward to the continued success of the AIHS conference, its participants, presenters, visitors, and yourself. I hope that it inspires us all to support and encourage one another toward successful and prosperous future for all of Africa. This is from me and the whole EchoStone team.’’

Robert Hornsby, Co-founder, American Home Builders of West Africa also commended the organisers for convening what he calls the most important platform for discussing affordable housing and associated issues in Africa.

On her part, Mounia Tagma of Affordable Housing Institute Morocco lauded the wonderful contributions of Abuja International Housing Show over the years in terms of how its bring together global stakeholders from public and private sectors to learn from each other, network and collaborate on projects that matter to them.

While speaking during the CEOs Forum of AIHS 2019, Hon. Abu-bakar Saddique Boniface, Minister of State, Ghana, said that the show is playing a critical role of tasking private sector stakeholders on their most important responsibilities.

‘’The private sector should be more positioned so that the government can always look to them for policy advice. The private sector are and should be the engine of the economy, and I appreciate how this show is representing that fact,” he said.

It wasn’t just the speakers that have good words for the show, Bhaska Roa of Royal Ceramics – one of the biggest exhibitors at this year’s show appreciates the show for offering them the opportunity to meet with industry leaders, buyers and respectable clients that has enhanced their business operations.

The impact of the Abuja International Housing Show is so much that Bhaska Rao and his Royal Ceramics team had to present a special award to the CEO of AIHS, Festus Adebayo at the closing ceremony on 26th July 2019.

The CEO of iBuild Global, Bob Weinschenk also appreciated the opportunity for stakeholders to focus on the most pressing issues in housing through AIHS.

By Ojonugwa Felix Ugboja.

How Nigeria Housing Awards 2019 Celebrated Best Performers in the Industry

The Nigeria Housing Awards and Dinner took place on Friday 26th July 2019 at the International Conference Center Abuja with all leading stakeholders, CEOs and companies in the housing and construction sector present to celebrate each other’s successes in the past year.

The colourful event which marked the end of the 13th Abuja International Housing Show had a lot of special moments including the surprise award for the CEO of Abuja International Housing Show, Festus Adebayo by Royal Ceramics.

 

Before that, the CEO of Royal Ceramics himself had won CEO of Building Materials Company of the year award.

The award for Best Innovation in Housing and  Construction Industry 2019 went to Echostone International.

Sam Ogrih won the CEO of Real Estate Company of the Year, while AFP Furniture was crowned Furniture Company of the Year.

Town Planner Murktar Galadima won Town Planner of the Year.

The Affordable Housing Promoter of the Year (organisation) went to Family Homes Funds, while NMRC won the Housing Market Information Data Recognition Award.

A Lifetime Achievement Award was conferred on Prince Seyi Lufadeju.

Ceo of Government Owned Housing Agencies of the Year was Isoken Omo, CEO of States Owned Housing Agencies in Nigeria.

Kunle Faleti won the Affordable Housing Advocacy Award (Diaspora), while Toye Eniola, Executive Secretary, Association of Housing Corporation of Nigeria won the Affordable Housing Leadership Award.

Affordable Housing Policy Driver Recognition Award went to the distinguished Professor Charles Inyangete.

Urban Shelter won Estate Developer of the Year.

Hydraform international ltd won an award of promoter of affordable housing of the year (construction)2019

Roland Igbinoba of Proptech won the Housing Data Recognition Award, while Arc . Adewumi Okupe won Affordable Housing Advocacy Promoter of the Year Award.

Pan Africa award of Affordable Housing Promoter of the year went to Shelter Afrique.

 

Many more awardees included Cosgrove investment Ltd going away with the award of Best residential real estate developer in sustainable smart Development and customer experience initiative.

The highlight however was when Mr Rao of Royal Ceramics invited CEO of Abuja International Housing Show Festus Adebayo to the stage for a surprise award.

The fulfilling night was a mix of soothing music, choreography, dining, wining and laughter.

The Nigeria Housing Awards is dedicated to rewarding excellent performers in the housing and construction sector and to inspire creativity and the kind of hard work that will drive affordable housing in Nigeria.

By Ojonugwa Felix Ugboja

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