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Fesadeb Communications Ltd., convener of the annual Abuja Housing Show, said on Wednesday that the 10th edition of the event would focus on bridging legislative barriers to housing development in the country.

The show is scheduled to hold from July 18 to July 20 at the International Conference Centre (ICC) in Abuja.

In an interview with the News Agency of Nigeria (NAN) in Abuja, Mr Festus Adebayo, the Managing Director of the company, said:“We are going to have a very special focus on the legislative barriers to housing development in Nigeria.

“Imagine that up till today the Land Use Act has not been given attention, our legislators have not paid attention to the need to review that law since 1999.

 

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“The Seventh Assembly came, nothing was done; now we are having the Eighth Assembly; Abuja Housing show is going to give priority to the discussion of those laws that have become an impediment to housing development in Nigeria.“We want to look into the Land Use Act; it is high time our legislators performed their real constitutional responsibilities as far as housing is concerned.”

He noted that if people could have access to land, without unnecessary delay and high cost, it would promote and increase investment in the country.

Adebayo said the show would equally look into the Federal Mortgage Bank of Nigeria (FMBN) Act and the National Housing Fund laws by assessing the extent to which people had benefitted and whether the scheme was working. He noted that in the last nine years, the Housing Show, being the biggest expo in Nigeria and the African region, had become a must attend event for professionals, building manufacturers, scholars and housing finance experts.

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He listed other participants as home seekers, commercial banks, communications companies, government functionaries and students from all over the world.

Adebayo said the event would also feature a housing finance conference aimed at bringing together experts in housing finance both within and outside Nigeria, to brainstorm on how to make housing finance work in Nigeria.

`It will also feature 165 housing exhibitors from different parts of the country. We are in partnership with Point Expo Ltd., Turkey, while 30 companies from Turkey are also going to participate.

“We also have collaboration with Malaysia, Ecuador, Spain, Netherlands, U.S. and Ireland. The participants will exhibit their latest trend in building technology,” he said.

The show, with the theme “Expanding Access to Affordable Housing in Africa.” would also feature many experts from international organisations.

On the impact and achievements of the show so far, the managing director recalled that in the last nine years, the Abuja Housing Show had made enormous impact on the sector, adding that it is a unique forum where housing stakeholders proffer housing solutions.

The expert noted that the past shows had recommended that the cost of housing, cost and duration of processing Certificate of Occupancy (C of O) as well as building approval should come down.

He said that through the recommendations, some stakeholders, including Delta State Gov. Dr Ifeanyi Okowa had halved the cost of C of O while its process would not go beyond 90 days.

“The annual show has assisted a good number of people to own a home in the last 10 years through interaction with estate developers and mortgage financiers,” he said.

One of the highlights of the event, he said is the presentation of awards to some state governors, individuals and organisations for their contributions to the show and housing sector in general.

 

SOURCE: News Agency of Nigeria

 

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