Yemi Adedeji, Abuja
Real Estate Developers Association of Nigeria (REDAN) has called on the federal government to support the association’s effort in bringing succour to the Nigeria’s real estate sphere.
The association said the structure and enabling environment that would govern the interface and relationships among players must be clearly defined.
Ugochukwu Chime made this disclosure during his acceptance speech and investiture as the president of the 5th REDAN National Executive Council 2018-2020 Thursday in Abuja.
He lamented that the current undefined and uncharted leap of faith operating environment in housing value chain has yielded too many casualties for the association to ignore.
Chime noted that the challenges hindering a seamless interface of and smooth transaction on the housing value chain has been identified and would be dealt with progressively.
He stated: “Issues of data, finance, land administration, monitoring and compliance with the extant laws and best practices e top of our priority list.
“In doing so, we call on government arms- the executive and legislature to give us support in our course to bring succour to the Nigeria’s real estate sphere. The structure and enabling environment that will govern the interface and relationships among players must be clearly defined.
“The current undefined and uncharted leap of faith operating environment has yielded too many casualties for us to ignore,” Chime said.
He said the 5th exco which he would preside would strive to position itself to ensure formidable discharge of its mundane responsibilities in areas of housing advocacy and standardisation of products and services.
The president stressed that the data collation effort initiated by REDAN/Central Bank of Nigeria under the auspices of National Real Estate Data Collation and Management Program would be enhanced and sustained.
He said the future of socio-economic development of the country is tied to how the country articultes, profound and propel strategies that would unlock the huge potentials in the real estate industry.