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Furniture makers lament shortage of raw materials

Anna Okon

An indigenous furniture company, Cyrus Kingdom Development Company Limited, is worried about dearth of raw materials as well as lack of craftsmanship in the wood and furniture manufacturing sector.

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The Chairman of the company, Mr. Agu Imo, stated this on Thursday while conducting journalists round a facility tour of Cyrus furniture factory in Lagos as part of activities marking the company’s 20th anniversary.
This, he said, was happening despite the harsh operating environment, insufficient local patronage and stiff competition from European and Asian imported furniture.

The entrepreneur said that the firm had to import most of the wood they used for their products because of the quality of timber in the country.

Noting that the firm produced for the export market, Imo stated that their products had to be manufactured to international specification since they had orders from multinational firms in and outside Nigeria.

“It is our desire to export a larger volume of our products but we are constrained by the shortage of raw materials, shortage of skilled manpower and lack of market,” he said.

The Managing Director of the company, Mrs. Alero Imo, said that in order to get the quality of people that could work in the factory, it had to organise training for male and female artisans in the wood trade industry.

On the 20th anniversary with the theme ‘What does your front say about you?’, Imo who is an architect and reputed female furniture maker, said she hoped to create awareness about the quality of furniture being produced by the company.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

She said that the firm combined automated process with manual one in its production and installation of doors and soft furnishings.

Lagos Land Use Charge against democratic ideals, says LCCI

Sanctions to defaulters under the Reviewed Land Use Charge (LUC) Law of Lagos are too severe and not in tandem with democratic ideals.Mr Babatunde Ruwase, the President of Lagos Chamber of Commerce and Industry (LCCI), made the observation in Lagos on Friday during a stakeholders’ forum on Lagos Land Use Charge Law, 2018.
He said that while the chamber would not encourage or support any form of infractions of the law, the sanctions must be proportional and fair.The News Agency of Nigeria (NAN) reports that the Land Use Charge Law stipulates a 25 per cent increase in charge if payment was not made between 45 and 75 days.

It also prescribed a 50 per cent increase after 105 days and a 100 per cent increase if payment cannot be made between 75 to 105 days.The law further prescribed that a property shall be liable to enforcement if payment is not made after 135 days of notice.

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“There would be instances where the citizens are willing to pay, but just do not have the capacity to pay, given the state of the economy.

“The Nigerian economy is only just gradually recovering from recession. Many companies are yet to return to profitability.

“Industrial capacity utilisation has declined, purchasing power is still very weak, occupancy rate in many commercial and residential properties are still very low.

“All of these have adversely impacted the returns on investment in property market and points to the fact that current market value of property may not necessarily reflect the rental income for the property,” Ruwase said.

He said that only 300, 000 property were paying the charge, while 700, 000 property were identified for tax payment.

According to him, emphasis should be on getting more property into the tax net, rather than imposing additional burden on those currently on the database.

He urged government to explore the platform presented by VAIDS to capture more property owners into the net.

Ruwase suggested that implementation of the law be suspended, while the grey areas should be sorted out in the interest of fairness, equity and natural justice.

According to him, there is no evidence to show that adequate dissemination of information to critical stakeholders were followed and conditions stipulated for law review occurred before implementation of the law.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

He said that stakeholders were concerned that assessed value used for computation of the law was high and difficult to justify.

According to him, the business community appreciates government’s efforts in investing in infrastructure and security and businesses are willing and ready to pay their tax.He appealed to the government to create a tax environment that would be fair, equitable, inclusive, transparent and investment friendly.

Mr Akinyemi Ashade, Lagos State Commissioner for Finance, said that the law aimed at entrenching a regime of self assessment that would allow property owners to make their own calculation and know their rate with the help of professional valuers.Ashade said that various reliefs had been made available to payers, including a general 40 per cent relief for all property liable to LUC payment.

According to him, property of N10 million and below constitute 75 per cent of property owners in the state and are expected to pay N5000 per annum as land use charge.

Ashade said that the new Law also established an Assessment Appeal Tribunal which authorised the adoption of Alternative Dispute Resolution in resolving disputes concerning LUC demand notice provided the appeal was lodged within 30 days after the receipt of the notice.

How poor govt reforms increase housing deficit

Unless urgent steps are taking by the respective tiers of government to address the issue of reforms in the housing sector, the growing number of housing deficits in the country will continue to balloon.

The Managing Director, Afriprops, Mr. Francis Njoku, had at the official signing and handing over ceremony of Olive Crest Estate in Calabar, Cross Rivers State put the country’s current housing deficit at about 17 million.

Despite the huge deficit, rural – urban migration has remained high with nearly 50 per cent of the population living in urban areas today as against 10 per cent in 1952 and 38 per cent in 1993. This rapid growth of the urban population has led to extensive slums and shanty communities.

Based on estimation, Nigeria would need to construct 740,000 housing units every year for the next 20 years to bridge housing gap. Currently, the nation can only build 100,000 units yearly, a development experts described as too low from what is needed.

But, the inability of governments at all levels to harness its housing reforms policies, in order to make them people friendly has led to rising number of housing deficits across the country

Often times, government, after mapping out areas for developmental projects, initiate white papers on them , gazette same for the purpose of future development but never get to act on same for decades. The idea of government abandoning such assets for a very long time creates room for land specualators to encroach on such asset

The implication of the above is that the public is caused to lose whopping sums of money due to the lackadaisical attitude of government towards such assets. At the end of the day, many prospective buyers who are not informed to get the right stauts of such assets from the concerned government agencies are made to incur losses.

Recently, the Lagos State government started the demolition of illegal structures that encroached on the Right- of- Way (ROW) along the Airport Road and in Oshodi to pave way for the construction of a ten lane expressway within the corridor.

The demolition, coming few months after Nigeria wriggled out of recession, is a clear indication that no long term plan was considered for future expansion of the road.

Governments are usually seen marking crosses and stop work on construction sites and buildings with a tag that either the construction is taking place on a government reserved area or that they detected unprofessional practices. All these they term checks and surveillance aimed at avoiding catastrophe that may happen in the future. But the same government has chosen to discomfort the citizens by demolishing structures that were supervised by government officials.

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Going along the Airport Road and Oshodi now, you see how poor arrangement and lack of planning is discomforting Nigerians. Private individuals’ dysfunction and disobedience to government rules do not go unpunished. But when governments pounce on private individuals’ properties, they look for one thing to tag it. The fact that banks and other corporate citizens along the destruction areas are not spared, makes one to wonder if the government did not have an original structural plan for the state before destroying properties in the area. To be on the economy side, not less than N300 million, aside man hour loss and other inconveniences, are being recorded on the road as a result of planlessness of government. Reforms are undertaken by governments but they must have human face. What is happening in Oshodi and its environs now is a mark of short term policy that is serving long term policy or vice versa. We have examples and their impacts on the societies.

The reforms in the Soviet/Socialist system started at the end of 1980s when dysfunctions of the centrally planned economy brought the system to the brink of collapse. Despite the fact that strategies of market reforms in the former Socialist bloc differ from country to country, they all have common features: reforms on the macro- and microeconomic level in terms of redesigning the role of the government and giving more freedom and opportunities to the private sector.
The first stage in the course of reforms undertaken is macroeconomic stabilisation, the key instruments for which are monetary and fiscal policies. On this stage it was enough to reduce the scope of budget expenditures and bring them down to meet the requirements of balancing the budget. However, the seemingly successful reduction of expenditure to balance the budget on the first stage may be a misleading indicator of reforms. Usually, such reduction is accompanied with increased budget arrears. Thus, the second stage is restructuring of the economy. For this stage of reforms, radical restructuring of fiscal policy is on the agenda. The main challenge is to reduce governmental obligations and reorient government policy towards the needs of a market economy. There are a great many changes required to achieve that reorientation. Among the many key issues are redirection of public investment into investment in infrastructure and human capital and improvement in procedures for budgeting and project analysis.


These types of expenditure, which include physical infrastructure such as roads, harbours and water systems, as well as investment in human capital formation such as education and manpower training and primary health care, generate returns which are fully realised over the long run. Yet in the short run they may entail large sacrifice in terms of reduced expenditures on consumption and social policy. In transition economies, devoting scarce resources to such long-term projects is especially difficult due to high obligations of government toward the social sector, some of which are inherited from the old system and some of which are necessitated by the transition itself. Another complicating factor in the transition period is the existence of stagnating state-owned enterprises (SOE), which effectively lobby government for new subsidies and privileges (protectionism, tax exemptions, etc.)

Thus, the governments of most transition economies face a shotrun versus long run dilemma. On the one hand, transition economies are characterised by a very unstable political and economic situation. The “wrong step” in economic policy can cost the destiny of economic reforms. On the other hand, if government cares only about the short term impact, it can easily hurt long run development. In short, to design and implement prudent fiscal policy, there should be clear understanding of the outside lag of the fiscal policy and difference of short run and long run impacts of fiscal policy on economic development.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

Productivity growth has slowed significantly in the Nigerian economy, beginning even before the onset of the recession. A lot of analysis conform with a large and growing body of research persuasively arguing that infrastructure investments can boost even private sector productivity growth.

An ambitious effort to increase infrastructure investment high per cent annually over seven years would likely increase productivity growth by relatively high per cent annually.

NHP: Fashola Constitutes Media, Monitoring Team to Access Housing Projects

NHP: Fashola Constitutes Media, Monitoring Team to Access Housing Projects The Federal Government has reiterated its commitment and determination to deliver affordable mass housing across 36 states of the federation and the Federal Capital Territory. In showcasing the immense effort of the present administration in the on-going construction activities in the sector, the Honourable Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN, has constituted a monitoring and media team to embark on facility inspection tour of the National Housing Programme (NHP) across the Federation.

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Recall that in 2016, the Federal Government through the Ministry commenced the pilot phase for the construction of affordable Mass Housing Scheme across the nation to reduce housing deficit in the country, the projects are currently at various stages of completion. The monitoring team, comprising of Zonal Directors, Federal Controllers of Housing, Team Leaders and Journalists undertook an inspection tour to the North Central; particularly FCT, Nasarawa, Niger, Benue and Plateau to access the progress of work. While in Minna, Niger State, the Team leader, Engr. Valentine Nwaimo, stated that government is happy to see the positive impact of the national housing project on economic of each state. The Minna NHP project consist of 80 housing units of 40 blocks, comprising 52 units of 2bedrooms, 24 units of 3 bedrooms, including the special bricks building and 4 units of 1bedroom. Also, the NHP project located at Dukwa area of Gwagwalada, FCT, consists of 72 housing units in a Condominium prototype.

The Condominium prototype is a block building consisting of 4 units 1bedroom, 16 units of 2bedrooms and 4 units of 3bedrooms all together in a 3-story building. In Benue State, the ministry is constructing 72 units of 3bedrooms; 2bedrooms and semi-detached houses are due for completion in few months’ time. The team also visited Lafia, Nasarawa State capital where construction of 78 units NHP project located in the main town along Shendam road is about 90 per cent completion.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

The representative of the Executive Governor of Nasarawa State, the Director,Public Building, Arch. Aliyu Kuyanbana expressed the readiness of the state to provide additional hectares of land to the 10 hectares already provided by the State to accommodate the second phase of the programme. It is however noteworthy to mention that a good number of artisanal job opportunities have been created through the NHP project; local content is on the increase due to patronage of locally manufactured products such as burnt bricks; food vendors and local suppliers have also benefited from the projects thereby creating hundreds of direct and indirect jobs. The National Housing Programme, aimed at increasing the housing stock facility of the nation, is expected to be made available to all interested working class Nigerians after completion.

Olatunji John PIO (Information)

For: Director, Information

ASO Savings to commission N10bn Karsana Estate

ASO Savings and Loans Plc. with its partner, Global High Property Development Company is set to commission the N10 billion ASO Garden Estate, Karsana, Abuja.
The Residential Estate, conceived by Global High Property Development Company was totally financed by ASO Saving and Loans Plc.

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ASO Garden Estate consist of 249 units made up of 129 units of 2 bedroom apartments, 117 units of 3 bedroom apartments and 3 units of 4 bedroom terrace houses and associated external works. Total construction cost of the Estate is put at N10 billion.
The estate, which is located on a 5 hectare site after Gwarinpa along the Kubwa Express Road beside the Papal Grand within the Karsana East District, is part of the Abuja Phase IV.


Risikatu Ladi Ahmed, Executive Director, Corporate Services Directorate of the Bank, in a statement said the successful completion of the Estate lends a further testimony to ASO Savings’ vision to be the Mortgage bank of choice in Nigeria in terms of client service and housing provision for the citizens.
She said: “The successful completion of this project in spite of the daunting challenges due to the difficult operating environment attests to the doggedness of our management team and our never say fail spirit no matter how intimidating the odds are. We are determined to continue to make the expectations of our stakeholders.”

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

The 249 units ASO Garden Estate, Karsana, which is billed for commissioning the second week of April, is fully subscribed.

NHP Begins Construction Of Cheaper Brick Houses To Suit Tropical Climate

The National Housing Programme (NHP) said it had designed and produced energy efficient brick houses to suit the tropical climate in the country.

The Zonal Director, North Central Zone of NHP, Mr Val Nwaimo said this after inspecting some pilot brick buildings at the NHP site in Minna, Niger State.

According to him, the laterite used in producing the brick houses is non-conductive, thereby preventing heat within the buildings.

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The brick housing project is a pilot in the on-going housing programme, with sites in Niger, Ekiti, Enugu and Ondo States.

“We have seen the various building types especially the pilot building which we want to grow in Nigeria if it gains acceptability of Nigerians.

“Considering the tropical nature of Nigeria, we need materials or buildings that are energy efficient because what makes rooms hot is the outdoor temperature.

“If you have materials that are non-conductive, they don’t conduct heat or transmit heat inside the building; whether there is fan or not, the atmosphere will remain conducive in the building.

“That is what this pilot building is all about.’’

Nwaimo explained that the pilot project was a sample to check its acceptability.

“If people like the brick houses, then we can produce them en-mass for Nigerians.

“The brick is made from a mixture of Laterite (called red earth or clay) with cement.

“The house remains cool when the weather is hot and it is also cost effective while block houses always allow heat to penetrate, in addition to being costly.

“Another advantage of a brick house is that the outer part of the building is not painted; it remains natural but block houses require painting both inside and outside.

“These are cost reducing benefits for using brick houses,’’ he said.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

Nwaimo said his visit was to assess the progress made, infrastructure provided to compliment the housing units and the impact of the project on national economic growth and Gross Domestic Product (GDP) in Minna.

He thanked the people and government of Niger state for their support and commended the federal team in charge of the project on the quality of work on site.

The Team Leader, Niger state NHP, Mr Ibrahim Bala explained that limited facilities were added to ensure affordability of each housing unit by low income earners.

“We have 20 indigenous contractors in addition to skilled and unskilled artisans on site working on 52 units of two bedrooms, 24 units of three bedrooms and four units of one bedroom.

“After you have bought a unit, you can add the facilities that you want because there is space created for such.

“We are currently working on the cost of the houses and very soon, you will see the advert.

Bala said that work on basic amenities and infrastructure would commence as soon as funds were made available while the project would be completed in the next five months.

Mr John Adekunle, Chairman of site contractors, said the project contractors had maintained high standard of materials.

“I also ensure that artisans in the state, including 50 community workers are engaged on site, because one of the objectives of this project is for the community to benefit maximally,’’ he said.

NBA gives Lagos seven-day ultimatum to reverse Land Use Charge

Oladimeji Ramon

The Nigerian Bar Association, Ikeja branch, has given the Lagos State Government a seven-day ultimatum to reverse its recently introduced hike on Land Use Charge.

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The Chairman of the NBA branch, Mr. Adesina Ogunlana, disclosed in a statement on Wednesday that the association was set to embark on a mass protest tagged, “Hell Tax Must Go,” against the “Pharaoic tax regime.”


Ogunlana said the NBA was strongly opposed to the LUC, which it described as an “excessive and arbitrary tax regime” calculated at turning Lagos State into a “toxic environment and a living hell” for Lagosians.

He said the association would give Governor Akinwunmi Ambode till next Monday to retrace his steps on the LUC, failing which its members would hit the streets on Tuesday.

NHP: Niger Govt. Pledges Additional 150 Hectares Of Land

The Niger Government has pledged to give additional 150 hectares of land to support the second phase of the Federal Government’s National Housing Programme (NHP) in the state.

Mr Kudu Aliyu, Director, Public Building, Niger State Ministry of Works, made the pledge on Wednesday when some officials of the Federal Ministry of Power, Works and Housing visited the NHP site in Minna.

Aliyu commended the level of work done so far at the housing construction project site, adding that the programme was paramount for national development.
“The state government is pleased with the ongoing housing construction, most of the structures are completed, some are in plaster finishing while some are completely roofed.

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“We are ready to donate between 150 to 200 hectares of land for the second phase of the programme,” he said.
The project, which is 70 per cent completed, is located at ‘Three Arms Zone,’ Eastern Bypass, Metumbi Area, Niger.

Hajiya Habiba Ahmed, General Manager, Niger State Urban Development Board (NSUDB), also assured the officials that the state government would be ready and glad to give out additional land for a second phase of the project due to its benefits.

According to her, in acquiring land, the state government always considers compensation because one cannot take away people’s land meant for their livelihood without compensating them.

She noted that the state government donated the present land free of any encumbrance, adding that the land was initially acquired by the state government and compensations were paid to the customary people.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

She explained that the state government endorsed the NHP as a laudable project hence it ceded its acquired land to the Federal Government to execute the project.

The NHP is a vision of the Federal Government and anchored by the Ministry of Power, Works and Housing in collaboration with the 36 state governments

Regulating the Mortgage Industry in Nigeria

It is no longer news that Nigeria has a huge housing deficit, which experts have put at above 17 million units that would require an annual investment of billions of naira for the next 10 years to bridge. Yet there is no coherent housing policy in place to suggest the country is matching towards bridging this housing gap.

Anyone, who drives around Abuja or the Federal Capital Territory, would undoubtedly get a false sense of surplus housing in the country. Several residential estates have sprung up in the city in the last five years, but estate agents will tell you many of these houses are vacant because they are unaffordable to the low and middle-income Nigerians who require housing.

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This is why the recent House of Representatives’ hearing on the repeal of FMBN Act Cap F16 which includes the amendment of NHF Act is coming at a good time. The bill seeks to reform the bank, strengthen its board and ensure better regulation and professionalism in the mortgage industry.

The heavy involvement of stakeholders in the attempt to repeal and re-enact the FMBN Act as well as the NHF Act, and consequently reform the bank is particularly instructive, and suggests there is a consensus in the industry and the need for an urgent and comprehensive reform to take the industry to the next level.

Credit must be given to the management of the FMBN under the leadership of Ahmed Dangiwa, the Managing Director, for involving all the critical stakeholders in the push for reform. A lot of hard work and consultation went on behind the scene to secure the buy-in of stakeholders and harmonise positions. Securing the buy-in of the Nigeria Labour Congress, Trade Union Congress, Mortgage Bankers Association of Nigeria, Real Estate Developers Association of Nigeria, Council of Registered Builders of Nigeria, Nigeria Institute of Estate Surveyors and Valuers and the Federal Government Staff Housing Loans Board, among others is a rare feat that must be commended.

Getting a practical, workable consensus among stakeholders is critical to the success of any reform of the FMBN and the mortgage industry. The management of FMBN have realised this and have gone ahead to ensure proper consultation in the industry. There is no doubt that it was this groundwork among stakeholders in the industry that ensured their active participation at the public hearing conducted by the House Committee on Housing in December 2017. It is cheering news that the report of the Committee was laid before the House on Thursday, 22nd February, 2018.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

The new bill also seeks the establishment of the Institute of Mortgage Brokers and Lenders of Nigeria (IMBLN) to ensure better regulation of the industry. Such an institute would provide better regulatory framework, eliminate fraudsters, remove speculators, entrench sanity and decency. It will also provide training programmes for practitioners in the sector to promote professionalism.

But most importantly, is the provision that would ensure better recapitalisation for the bank and reposition it to be able to provide affordable housing to low and middle-income persons. At present the FMBN has a meagre capital base of N5 billion despite the fact that the Central Bank of Nigeria and the Nigeria Social Insurance Trust Fund are shareholders.

Stakeholders in the industry are demanding that the Central Bank of Nigeria be divested from ownership of the FMBN and that it should be wholly owned by the federal government to rid its operation of unnecessary interference and also so that the CBN can concentrate on its regulatory role. Such interference is a clog in the wheel of efficient and effective operations of the bank.

If the bank is to deliver on its mandate to provide affordable housing, the stakeholders and the management of the bank are right on track to demand better recapitalisation. While the stakeholders are asking for a recapitalisation of N1 trillion, the MD of the bank is asking for a minimum share capital of N500 billion. Whichever way the pendulum swings, it would be a great leap for the bank and for the housing industry in the country if the bank’s capital gets such a boost.

It would increase the liquidity of the bank and it would then be able to provide affordable housing finance at single digit interest to Nigerians, particularly the low and middle-income groups.

There is a lot to cheer if the signal from the ruling All Progressive Party is anything to go buy. At the 11th Abuja International Housing Show, National Chairman of the party, Chief John Odiegie-Oyegun said Nigeria was set to commit about N1 trillion to the housing sector through a public private partnership arrangement. He said the scheme was part of the new Social Housing Programme of the government that is part of the Economic Recovery and Growth Plan (ERGP) launched recently.

The FMBN that would be re-established if the new bill sails through would be able to play a central role in delivering on this ERGP mandate. Recent events have shown that a stronger government mortgage bank is critical to delivering affordable housing.

Private estate developers who borrow funds at commercial bank rates cannot deliver affordable housing to the low and average income Nigerians. All the private estates that litter the FCT are glaring examples of how difficult it would be to deliver affordable housing without recapitalising the FMBN. There are houses in Abuja which have remained empty for years because they are out of the reach of majority of people needing housing.

Recapitalisation will afford the FMBN the ability to provide long term credit to other mortgage institutions to deliver affordable housing instead of the current position where the bank can’t even finance its primary customers. Recapitalising the bank as demanded by stakeholders is the surest way to turn around the fortunes of the bank and re-position it for better service delivery.

The management of FMBN has done an impressive job of getting all stakeholders to be on the same page on the way forward, and it is the reason why the House hearing was successful. Some of the stakeholders I spoke to commended the management of the bank for its patriotism and professionalism. “It is rare to find the management of a government institution and its stakeholders on the same page on critical industry issues,” said a member of the Real Estate Developers Association of Nigeria after the hearing.
If the National Assembly is able to perfect the new FMBN bill and ensure its passage with all the stakeholder input, Nigeria is well on its way to delivering affordable housing.

– Suleiman wrote in from Abuja

Government to implement land banks to tackle housing deficit

The Ghana Real Estate Developers’ Association (GREDA) wants government to strictly abide by its promise to implement the proposed land bank policy to address the rising housing deficit by the end of the year.

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Under the policy, custodians of lands such as traditional leaders will offer available concessions to estate developers to be developed and repaid under agreed and flexible terms.

This initiative is also expected to address the huge housing deficit facing the country,estimated at 1.7 million.

Deputy Minister for Works and Housing, Eugene Boakye Antwi says his outfit is liaising with regional ministers and chiefs to ensure this is achieved.

“It’s to make land accessible to would be investors and to also bring equity into the system. We don’t see why somebody should bring his money from a foreign bank, but any attempt to support with land gets the investor entangled in a legal confrontation. That is we these investors portions to develop,” he explained.

Mr. Antwi who spoke at a CEO’s Breakfast meeting organized by the Ghana Real Estate Developers Association (GREDA), Mr. Antwi was also hopeful of rolling out the plan by the end of this year.hy we want to acquire the lands and when these investors come, then we can give

“We have sent out letters to the various regional ministers and chiefs. Some have responded favorably, while some are also working on it. It is work in progress; hopefully by the end of the year, we should give the housing industry players some favorable news,” he added.

Meanwhile GREDA who has been calling for the establishment of the land banks to mitigate land challenges in the country expressed optimism to the approach by the ministry.

Executive Secretary of GREDA, Sammy Amegayibor however says government must live up to its assurance and ensure the policy is implemented to enhance the efficiency of the housing sector.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

“Land acquisition has been a hurdle and so we have called for the establishment of land banks. We have made this call on the minister long ago and we believe that is the number one solution to our land issues. If they acquire the land and hand over to us then we will remove this problem of litigation because we have properly acquired it,” Mr Amegayibor explained.

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