Real Estate Developers Association of Nigeria (REDAN), Federal Capital Territory (FCT) chapter Chairman, Mr. Andrew Elerewe, has urged the winner of the presidential election to come up with sustainable and implementable housing policies.
In a statement made available to The Nation he said investors in the sector want the government to evolve realistic housing policies for the sector.
He said: “We have quite a number of them but the good news is that they are all resolvable. We all need to come to the table and they also need to carry us along in whatever policies they need to take.”
Elerewe, who is also the Chairman/ Chief Executive Officer (CEO) of AIBEN Investment & Properties Limited, berated an FCT Administration policy prohibiting the issuance of approvals to all area councils title holders as far-reaching without consulting stakeholders or developers.
According to him, when such policies were made, they have a far-reaching effect on the economy. The implication, he said, was that those who approve couldn’t go further and those who have titles couldn’t sell them as investment and then the land is stuck.
He further stated that the procedure doesn’t make sense and that the government needs to be businesslike.
Elerewe advised the government on the need to desist from formulating policies that keep real estate investors in the dark.