…Assures to facilitate REDAN Estate Development Bill becomes a law.
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has commended the Real Estate Developers Association of Nigeria (REDAN) for initiating programmes that would reduce housing deficit and increase the number of houses available within the country for Nigerians irrespective of their classes.
The Minister gave the commendation when a delegation of REDAN led by its President, Alhaji Aliyu Wammako paid him a visit in his office.
Arc Dangiwa expressed satisfaction at the association’s Rural Urban Housing Initiative (RUHI), a project aimed at building at least 100 housing units in 774 Local Governments areas of the country.
He promised REDAN of active participation of the Ministry when the project would be ready for launching.
On Redan Estate Development Bill, the Minister noted that it was essential because it would regulate Real Estate development in the country, assuring the association that he would not only study the bill but would pursue it to be asented to by President Bola Tinubu.
“With this bill, I am sure the country will be better off with it and there is no Ministry to benefit from it better than the Ministry of Housing and Urban Development,” he said.
Applauding the Association for seeking loan from Shelter Afrique to actualize their plan on RUHI, the Minister explained that Nigeria was the second largest investor in the financial institution but has not benefitted much from it, pointing out the engagement between the Association and Shelter Afrique, would create an avenue to leverage it’s actualisation.
“As a Minister, I will lead that crusade to ensure you get the necessary support from Shelter Afrique as long as you meet the requirement,” he promised.
Speaking earlier, the President of Real Estate Developers Association of Nigeria, REDAN, and leader of the delegation, Alhaji Aliyu Wammako, informed the minister that the association has developed and executed a comprehensive business plan for Rural-Urban Housing Initiatives (RUHI -774).
Alhaji Wammako disclosed that twenty -nine estate development loan applications of their members have been submitted to Shelter Afrique as part of measures to execute the project.
He appealed to the Minister to prevail on Shelter Afrique to process the loans for his members and facilitate President Ahmed Bola Tinubu to assent the Real Estate Bill in order to ensure effective regulation of real estate business in the country.
Wammako assured the Minister of their support for a successful development in the housing sector.
Salisu Haiba Badamasi
Deputy Director (Information)
Press and Public Relations
FMH&UD
