REDAN challenges CBN to match words with action on housing development

*Association is ready, open for discussion with government at all levels to deliver over 3 million housing deficit to consumers, says REDAN President

Isola Moses | ConsumerConnect

In order to be able to curtail the devastating effects of novel Coronavirus (COVID-19) pandemic on cross sections of Nigerians, the Real Estate Developers Association of Nigeria (REDAN) has called on the Central Bank of Nigeria (CBN) to match words with actions in terms of housing development for the citizenry.

REDAN said that stakeholders in the sector leave the beaten track of mere talk shop and go on reality so as to be able to minimise the telling impacts of the virus on the people.

Alhaji Aliyu Wamakko, President of REDAN, who disclosed this in a statement said that the core economic effects of COVID-19 would be felt within the first quarter of 2021, and that the group believes that if nothing is done now, it is going to hit hard on all Nigerian households.

Housing Estate

Alhaji Wamakko said: “We are supposed to go out of talk shop and go on reality now to be able to curb the effects of COVID-19 on Nigerians.

“The core economic effect of this COVID-19 impacts will be felt within the first quarter of 2021 and we believe if nothing is done now, it is going to hit hard on all Nigerian household.

“For this reason, the CBN governor should do more action than talking.”

The REDAN chief also commended the appointments of the duo of Sen. Gbenga Ashafa and Hon. AbdulMumin Jibrin by President Muhammadu Buhari as Managing Director of the Federal Housing Authority (FHA) and Executive Director, Business Development respectively.

According to him, the duo’s appointments justify the present administration’s commitment to the delivery of affordable housing for all.

Sen. Ashafa and Hon. Jibrin’s experience in lawmaking will come to bear in managing the affairs of the agency which will lead to a robust housing policies implementation that will enhance housing delivery nationwide, describing their appointments as round pegs in round holes, said he.

Wamakko congratulated Vice-President Yemi Osinbajo, Chairman of the Economic Sustainability Plan (ESP) Committee, on his call on the private sector to take a bold step in participating fully in the Federal Government’s economic recovery programme at moment.

He stated: “REDAN is ready and open for discussion with governments at all levels to deliver the over three million housing deficit across the nation.”