REDAN charges SON to eliminate sub-standard materials from markets

The Chairman, Real Estate Developers of Nigeria (REDAN), Southwest zone, ‘Debo Adejana, has tasked the Standards Organisation of Nigeria (SON) to eliminate sub-standard materials from the market.

Adejana, who made this remark recently in Lagos, lamented that the building materials market is suffocated by fake and sub-standard materials that leads to incessant building collapses.

He advocated for a system that would deal with sub-standard materials in the industry.

Adejana pointed out that housing development is slow because it is choked by several factors, which include access to finance, land, materials and resources.

According to him, there is no potent demand for housing in Nigeria but rather a latent demand because of high cost of mortgage rate and tenure.

He added that the nation is not in short supply of vast land, but they are not bankable, have no economic value as a result of the cumbersome nature of obtaining titles as well as other relevant documents from government.

He announced that as a body, they want to partner with government to make smooth these rough edges and create an enabling environment to operate and fill the much-needed gap in housing development in the country.

Adejana maintained that the economy, especially during the pandemic could be rejiged through the sector by making it a construction site like others globally.

The country is never in short supply of policies, he said, but rather the cautious implementation of them.

He declared that if the government could partner the body by creating an enabling environment, REDAN could reduce the gap in the housing sector put at 700,000 yearly by the National Bureau of Statistics (NBS).

He bemoaned that over-regulation, delays in obtaining titles and permits, especially loans and bank instruments with timelines hampered their operations.

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