Ukatu canvasses for gov’t, investors’ support to bridge 28 million housing deficit

The Chief Executive Officer, Mallinson and Partners, Mr Afarm Mallinson Ukatu, has called on the government and investors to leverage on the opportunities in the sector to bridge the gap that exist in the 28 million housing deficit in Nigeria.

Ukatu,Ukatu, who is the outgoing Chairman, Non-Metallic and Mineral Products Sectoral Group of Manufacturers Association of Nigeria, (MAN) stated this recently in Lagos during the Association’s Annual General Meeting (AGM),with the theme: “Exploring New Frontiers: Maximizing the Non-Metallic Industry for Diversification,” noting that the sector is a critical contributor to national development, especially in addressing Nigeria’s housing deficit, currently estimated at 28 million.

According to him, this gap presents a significant opportunity for members and other players in the industry for massive investment.

Additionally, Ukatu said “Today’s gathering is not just an opportunity to reflect on the past year but also to chart a bold path forward as we face both opportunities and challenges within our dynamic sector.

“This year’s theme, “Exploring New Frontiers: Maximizing the Non-Metallic Industry for Diversification,” speaks of the immense untapped opportunities within our sector. Innovation, technology, and sustainability are key drivers of growth, and as the government shifts focus toward economic diversification, our industry stands poised to play a pivotal role in Nigeria’s future development.

“We must align our efforts with national strategies to help overcome the numerous challenges confronting the sector.

“Despite the various obstacles we face, ranging from infrastructure deficits and regulatory burdens to the threat of substandard imports, we remain resolute. Our industry has shown resilience, and with pragmatic solutions, and we must be prepared to compete both locally and across the continent. Together, we can drive our sector toward greater achievements and ensure our competitiveness on a global scale”.

On his part, the guest speaker, Chief Executive Officer, BAA Consult, Dr. Biodun Adedipe, emphasized that the investment requirements in the sector are not as steep as those for exploration and production of oil and petrochemicals.

Adedipe stated further that unlocking the opportunity therein can bring sustainable diversification of the Nigerian economy, especially it’s external sector, within a short space of five years.

In his remarks, the Director -General, MAN, Mr. Segun Ajayi-Kadir, who was represented by Mr Ambrose Oruche, Director Special Purpose Vehicle Division, MAN, noted that Mallinson’s dedication and continued commitment to the development and success of this sector, even in the face of ongoing economic challenges, is truly commendable.

“It is your resilience and innovation that keeps our sector thriving and our nation’s industrial landscape evolving.

“The newly elected Chairman, Mr. Javed Ahmed and his team, that would take over from Mr. Afam Mallinson, who sacrificed his time, and resources in leading this team for the past four years. We expect more to be done towards ensuring a more robust participation of member companies under this sector, particularly in driving advocacies for the benefit of all. Your sector we believe is receiving more attention in terms of creative and innovative manufactured products.

“The AGM is more than just a statutory requirement; it is a moment to pause and reflect. It offers us a unique platform to review the achievements of the past year, address the challenges we’ve faced, and reaffirm our collective commitment to fostering a conducive and profitable environment for all our member-companies. MAN, as always, stands at the forefront of advocating for  policies that enable the growth and sustainability of this vital sector,” Oruche added.