Affordable housing: Developer, others seek housing sector’s regulation, access to land

The Managing Director of  Leisure Court Estate, Builder Segun Abolaji,  Thursday,  alongside some communication experts urged the federal government to step up efforts in regulating activities in the housing sector nationwide.

They spoke separately during the 2024 Real Estate/ Housing Reporters Workshop in Abuja organised by Leisure Court Estate as part of its corporate society responsibility.

The workshop,  which was facilitated by the Africa Media Roundtable Initiative, was themed:  “Promoting Real Estate Investment through Informed Media Alliance and Sustained Reporter’s Professionalism through Capacity Building”.

Abolaji said the government should make access to land easier for developers as well as put in place stringent measures that will help to control the increasing prices of building materials that make houses not affordable.

He explained that most of the challenges being experienced by developers in acquiring land for building Estate were contributing to the constant rise in the cost of houses especially in highbrow areas.

Abolaji said:  “The government should always regulate activities in the housing sector, especially the prices of building materials. Without government regulation it will be difficult to make houses available in the country, we don’t find it easy accessing land, so because of the challenges developers are forced to put their property on a rooftop”

In his remarks, the Chairman of the Property & Infrastructure Correspondents’ Association of Nigeria(PICAN), Comrade Tope Sunday,  said government and strategic stakeholders should work out ways that will promote subsidies in the built industry.

“Government and strategic stakeholders in the built environment should subsidy the housing sector, it will help to provide enough affordable houses nationwide”,  he said.