In a decisive effort to tackle the escalating costs of housing construction in Nigeria, the Federal Government, through the Ministry of Housing and Urban Development, has announced a high-level meeting with key stakeholders aimed at addressing critical issues within the building materials manufacturing sector.
Scheduled to take place in Lagos, this meeting will convene industry experts, manufacturers, and policymakers to explore strategies for reducing production costs and enhancing local access to building materials.
The government recognizes that high production expenses, limited access to incentives, and reliance on imported materials have significantly impeded the growth of Nigeria’s housing sector.
To counteract these challenges, the upcoming meeting will concentrate on strategies to enhance local production, foster a supportive environment for manufacturers, and strengthen public-private partnerships within the housing industry.
The Ministry of Housing and Urban Development emphasizes that collaboration with stakeholders is essential for developing sustainable policies aimed at reducing construction costs.
Festus Adebayo, the Convener of the Africa International Housing Show (AIHS), will participate as a discussant. As a leading advocate for reforms in the housing sector, Adebayo is anticipated to share valuable insights on how policy initiatives and industry partnerships can promote affordable housing development.
Adebayo is among the stakeholders advocating for increased government support for local manufacturers, improved financing options, and policy incentives designed to lessen reliance on imported materials.
The Africa International Housing Show has consistently championed practical solutions to Nigeria’s housing challenges and views this engagement as a vital opportunity to advocate for comprehensive industry reforms.
