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As Nigerians await President Muhammadu Buhari to name his cabinet, the Federal Government has been urged to create a National Housing Council.
This will enable stakeholders in the housing sector to develop an effective database.
National President, Real Estate Developers Association of Nigeria, Ugochukwu Chime stated this in Abuja Thursday at the BusinessDay Real Estate Roundtable and Exhibition.
He lamented that the inter-ministerial rivalry between the Federal Ministry Finance and its departments and agencies and its counterpart in Works/Housing on who should superintend the real estate sector has resulted in confusion and untold hardship on Nigerians.
Delivering a paper this titled: ‘An overview of the real estate sector in Nigeria’, Chime said: “There is an urgent need to create a National Housing Council distinct from the existing National Council on Housing which is domiciled in the Federal Ministry of Housing, and is dedicated to enhance the coordination of activities in of professionals and organisation involved in the supply side of the real estate industry.
“Such a Council will involve ALL critical stakeholders in the supply and demand sides and be empowered with task of articulating a Housing sector roadmap and Policy as well as providing a sector synergy and conflict resolution platform. It will also help in aligning policies, strategies and efforts of all stakeholders”.
He called for the realignment of institutions and adequate funding of the Federal Mortgage Bank of Nigeria (FGBN).