Minister Promises to Facilitate REDAN Estate Development Bill

The Minister of Housing and Urban Development, Ahmed Dangiwa has promised the leadership of Real Estate Developers’ Association of Nigeria (REDAN) that he will facilitate measures that will fast track the signing of Estate development bill into law by president Bola Tinubu.

The Minister gave the assurance when a delegation of REDAN led by its President, Alhaji Aliyu Wammako paid him a visit in his office, adding that the bill was essential because it would regulate Real Estate development in the country.

Dangiwa expressed his pleasure 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.

The minister said “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.”

A statement issued from the Ministry on Friday and signed by Salisu Badamasi, deputy director information, noted that Dangiwa 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 promised REDAN of active participation of the Ministry when the project would be ready for launching.

He also lauded the Association for seeking loan from Shelter Afrique to actualize their plan on RUHI, stressing that Nigeria was the second largest investor in the financial institution but has not benefitted much from it.

He hinted that the engagement between the Association and Shelter Afrique, would create an avenue to leverage its 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 assured.

The President of Real Estate Developers Association of Nigeria, (REDAN), and leader of the delegation, Alhaji Aliyu Wammako informed the minister that twenty-nine estate development loan applications of their members have been submitted to Shelter Afrique as part of measures to execute the project.

Wammako appealed to the Minister to prevail on Shelter Afrique to process the loans for his members and facilitate President Bola Tinubu to assent to the Real Estate Bill in order to ensure effective regulation of real estate business in the country.

President of REDAN also assured the Minister of their support for a successful development in the housing sector.