Conflicting housing deficit figure: REDAN holds confab on data collation
In a bid to have a unified database on the exact figure of Nigeria’s housing deficit, Real Estate Developers’ Association of Nigeria (REDAN) has scheduled a conference of stakeholders in the built sector in Abuja on national real estate data collation and management programme.
A statement by REDAN’s National General Secretary, Mr. Goke Odunlami indicated that the focus of the conference is to comprehensively collate and manage data for planning and decision-making relating to pre-construction, construction and post-construction activities in the nation’s real estimate sector.
According to the statement, “Specific areas will include land administration practices, formal and informal housing activities, housing affordability mapping and other key indicators that will aid effective policy and investment decisions”.
Furthermore, the statement added: “the objective of the programme is to provide the accurate and realistic date for the housing stock, housing types, and mortgage facilities institutions.”
Other areas include occupied/unoccupied houses, tenement rates, selling/renting prices, skilled manpower availability, construction cost, prices for varying categories of houses in various locations and operational challenges among others.
The association added: “at the end of the exercise, it would be a worthwhile legacy that would be bequeathed to the housing industry for regular update”.
“The Central Bank of Nigeria, Federal Ministry of Power, Works and Housing and housing sector stakeholders will all be in attendance of the one-day event”, the statement added.”
Recall that the exact figure of the housing deficit stock in the country has been a subject of heated amongst stakeholders in the sector with many divided over the 17 million figures being bandied around.
