Housing development is slow because it is choked by several factors These include access to finance, land, materials and resources.
Others are access to tilting, governor’s consent and approvals, which have made it impossible to have potent demands for housing as developers are almost choked by demands from the government and her agencies, the Chairman, Real Estate Developers of Nigeria , Southwest Zone, ‘Debo Adejana, has said.
According to him, the country is never in short supply of policies but rather the prudent implementation of them. He said REDAN could reduce the gap in the housing need put at 700,000 yearly by the National Bureau of Statistics , if the government could partner the body by creating an enabling environment. He lamented that over regulation and delays in obtaining titles and permits hampered their operation, especially with loans and bank instruments with time lines.
According to him, the government would generate more revenue while developers would be in business and the public adequately housed if efficiency is created in the sector.
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