Sen. Sam Egwu, Chairman, Senate Committee on Housing, made the pledge at the opening of a workshop, with a theme “Emerging Trends in Real Estate Development in Nigeria’ organised by the Real Estate Developers Association of Nigeria , on Thursday in Abuja.
“For real estate developers to effectively play their role in delivering affordable housing to citizens, they must understand the emerging trends in real estate development globally. “You are encouraged to explore the advantages of using locally sourced building materials to develop cost-effective houses that the majority of the country’s low-income earners can afford.
He said the association was involved in capacity building for all practitioners in the sector which included artisans and other direct home construction personnel need be trained and retrained to increase their competencies in constructing durable homes. “The rating of the real estate sector as a medium high-risk area for money laundering and terrorism financing is very dangerous and worrisome.“The support and collaboration of all well-meaning Nigerians is urgently needed to curb this menace,’’ Chime said.
Mr Femi Adewole, the Managing Director, Family Homes Funds, a participant, whose organisation recently commissioned close to 11,300 homes targeted at low-income earners said the training was apt and well thought out.
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