FRESH building blocks were again laid unto the housing sector last week,
when the Pan African Housing Finance Institution, Shelter Afrique made
a pledge and commitment to the Federal Government to support 10,000 unit
housing programme under the Nigerian Mortgage Refinance Company
(NMRC).
In the sideline of the 33rd Annual General Meeting of Shelter Afrique in Abidjan, Ivory Coast, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, accompanied by the President, the Real Estate Developers Association of Nigeria (REDAN), Chief Emmanuel Olabode held discussion with senior officials of the bank, where the outgoing Managing Director of Shelter Afrique, Mr. Alassane Ba confirmed the institution’s commitment to the programme.
The parties agreed to the principles of a Memorandum of Understanding (MoU) to be signed within the next two weeks setting out the terms of the partnership, which will include advisory services and financing for the scheme.
The new development is coming on the heels of Nigerian commitment towards urbanization and housing delivery a major stride in the Housing Industry and Nigeria is currently the largest Shareholder in the Shelter Afrique Company Limited.
Recently, during the launch of the NMRC, Ba said: “We will be one of the shareholders of NMRC and we will provide our expertise and experience to make this initiative one of the best in terms of implementation and quality of service for the targeted population mainly for the middle class and lower middle class. We will increase our financing and share with other African countries the good news coming out of Nigeria. This is one of the roles of Shelter Afrique; making sure African countries are sharing best practices in housing.”
“ Shelter Afrique will continue to support primary mortgage institutions; Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA) in order to improve its capacity to do more mortgage financing and provide affordable housing.
“Our action will be deepened and extended to the promotion of Public Private Partnership (PPP) for affordable housing. We will engage the Executive Governors in states to promote this type of vehicles in order to produce more affordable houses to support civil servants, nurses, policemen and others.”
A major highlight of the 33rd General Assembly was the election of Eyakenyi as the 2nd Vice President. The election to the Assembly was adopted by 44 member countries of the African Union with a one-year duration. The Minister of Construction, Housing, Sanitation and Town Planning, Cote D’Iviore, Mr. Mamadou Sanogo, the host emerged as the President while the Minister of Water Resources Works and Housing of Ghana, Sampson Ahi became the 1st Vice President.
Nigeria was also voted to host the 35th General Assembly of Shelter Afrique in 2016. In a her acceptance speech, Nigeria minister expressed gratitude and conveyed a goodwill message from the President of Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan, and recognized the dedicated leadership of the Board, Management and Staff of Shelter Afrique in nurturing and sustaining the company as a veritable platform for advancing and financing housing and related urban infrastructures in Africa.
She emphasized that the choice of Nigeria for the location of Shelter Afrique’s first Regional office coupled with additional financial support and investment in the newly established Nigeria Mortgage Refinance Company (NMRC), a finance liquidity company recently established by the Federal Government of Nigeria in January 2014 for leveraging access to funds for low and medium income housing development is not only commendable but most welcome.
Mrs. Eyakenyi added that the efforts would surely bridge the housing gaps and boost the number of mortgages to 200,000 within the next few years from its current 20,000 especially with respect to affordable housing through Public Private Partnership (PPP) arrangements.
She concluded by reiterating the great potentials for investment in Nigeria in the Housing and Urban Development sector recognizing that numerous urban centers that exist. This requires a constant demand for houses and complimentary infrastructures for the steadily growing population of Nigeria.
The Minister emphasized Nigeria’s continued support to Shelter Afrique in the fulfillment of its mandate of sustainable housing delivery and urban development in Africa and also Nigeria’s willingness to collaborate with the company in show casing its activities to private and public sector institutions in order to encourage their buy-in and enable optimal benefits from the company’s expertise, experience and investment opportunities.
Meanwhile, while addressing on the theme of the Symposium “Alternate Building Technologies and Construction Methods – Potential for Accelerating the Supply of New Housing in Africa” the Minister emphasized that the last decade has seen an introduction of various forms of alternative Building Technologies (ABT’s) in the market with the aim of improving speed of construction and eventually reducing the overall cost of construction. She added that these technologies ranges from dry construction, use of indigenous materials, use of green or recycled materials and use of composite structural materials among others.
Despite economic and environmental benefits of these new technologies, many Africans have remained bias towards the conventional “brick and mortar” building technique and resisted the innovations flooding into the market.
In the sideline of the 33rd Annual General Meeting of Shelter Afrique in Abidjan, Ivory Coast, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, accompanied by the President, the Real Estate Developers Association of Nigeria (REDAN), Chief Emmanuel Olabode held discussion with senior officials of the bank, where the outgoing Managing Director of Shelter Afrique, Mr. Alassane Ba confirmed the institution’s commitment to the programme.
The parties agreed to the principles of a Memorandum of Understanding (MoU) to be signed within the next two weeks setting out the terms of the partnership, which will include advisory services and financing for the scheme.
The new development is coming on the heels of Nigerian commitment towards urbanization and housing delivery a major stride in the Housing Industry and Nigeria is currently the largest Shareholder in the Shelter Afrique Company Limited.
Recently, during the launch of the NMRC, Ba said: “We will be one of the shareholders of NMRC and we will provide our expertise and experience to make this initiative one of the best in terms of implementation and quality of service for the targeted population mainly for the middle class and lower middle class. We will increase our financing and share with other African countries the good news coming out of Nigeria. This is one of the roles of Shelter Afrique; making sure African countries are sharing best practices in housing.”
“ Shelter Afrique will continue to support primary mortgage institutions; Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA) in order to improve its capacity to do more mortgage financing and provide affordable housing.
“Our action will be deepened and extended to the promotion of Public Private Partnership (PPP) for affordable housing. We will engage the Executive Governors in states to promote this type of vehicles in order to produce more affordable houses to support civil servants, nurses, policemen and others.”
A major highlight of the 33rd General Assembly was the election of Eyakenyi as the 2nd Vice President. The election to the Assembly was adopted by 44 member countries of the African Union with a one-year duration. The Minister of Construction, Housing, Sanitation and Town Planning, Cote D’Iviore, Mr. Mamadou Sanogo, the host emerged as the President while the Minister of Water Resources Works and Housing of Ghana, Sampson Ahi became the 1st Vice President.
Nigeria was also voted to host the 35th General Assembly of Shelter Afrique in 2016. In a her acceptance speech, Nigeria minister expressed gratitude and conveyed a goodwill message from the President of Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan, and recognized the dedicated leadership of the Board, Management and Staff of Shelter Afrique in nurturing and sustaining the company as a veritable platform for advancing and financing housing and related urban infrastructures in Africa.
She emphasized that the choice of Nigeria for the location of Shelter Afrique’s first Regional office coupled with additional financial support and investment in the newly established Nigeria Mortgage Refinance Company (NMRC), a finance liquidity company recently established by the Federal Government of Nigeria in January 2014 for leveraging access to funds for low and medium income housing development is not only commendable but most welcome.
Mrs. Eyakenyi added that the efforts would surely bridge the housing gaps and boost the number of mortgages to 200,000 within the next few years from its current 20,000 especially with respect to affordable housing through Public Private Partnership (PPP) arrangements.
She concluded by reiterating the great potentials for investment in Nigeria in the Housing and Urban Development sector recognizing that numerous urban centers that exist. This requires a constant demand for houses and complimentary infrastructures for the steadily growing population of Nigeria.
The Minister emphasized Nigeria’s continued support to Shelter Afrique in the fulfillment of its mandate of sustainable housing delivery and urban development in Africa and also Nigeria’s willingness to collaborate with the company in show casing its activities to private and public sector institutions in order to encourage their buy-in and enable optimal benefits from the company’s expertise, experience and investment opportunities.
Meanwhile, while addressing on the theme of the Symposium “Alternate Building Technologies and Construction Methods – Potential for Accelerating the Supply of New Housing in Africa” the Minister emphasized that the last decade has seen an introduction of various forms of alternative Building Technologies (ABT’s) in the market with the aim of improving speed of construction and eventually reducing the overall cost of construction. She added that these technologies ranges from dry construction, use of indigenous materials, use of green or recycled materials and use of composite structural materials among others.
Despite economic and environmental benefits of these new technologies, many Africans have remained bias towards the conventional “brick and mortar” building technique and resisted the innovations flooding into the market.
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