Jakande; FMBN, Mabogunje, Others Honored by REDAN for Housing Development.
Dr.Lateef Jakande of the Federal Mortgage Bank of Nigeria and the pioneer president of The Real Estate Development Association of Nigeria (REDAN), has been honored by the latter for his contributions to the real estate sector. REDAN also honored the former board chairman of the Federal Mortgage Bank of Nigeria for his meritorious service towards the growth and development of the real estate market in Nigeria.
REDAN started operation in the year 2002. It is the official umbrella body for both public owned and private owned companies responsible for housing in the country. Chief Guy Okechukwu also received an award for his excellent performance as the pioneer secretary of REDAN. In his statement, he said that he hoped that in the next three years, the Nigerian real estate sector would have grown and attained higher heights.
Other firms which received merit awards include; Lapic Nigeria Limited, Ekiti state Housing Cooperation, Ebonyi state housing cooperation, Federal Housing Authority (FHA), Jedo Investment limited, Shelter Initiative limited, COPEN Group estate, Ogun state housing cooperation, Millard Fuller foundation and many more. The award ceremony took place at the fifth investiture of re-elected president of REDAN, Rev Ugochukwu Chime in Abuja for their success in completing their states and fully repaying the loan they took from FMBN. While making his acceptance speech, Reverend Ugochi stated that he would do all in his power to collaborate with other stakeholders to enable Nigerians enjoy the benefits that come with the real estate sector.
In the course of the speech, he stated that the executive council will endeavor to carry out their duties in areas of housing advocacy and standardization of products and service in this sector. He also noted that the body has identified the challenges facing the sector and will handle accordingly to ensure that there is progress in the strife to make the sector better.
Chime assured that the constraints of data, finance, land administration, monitoring and compliance to laws will be prioritized henceforth. On behalf of the awardees, Arc Sam Odia, the managing director of Millar Fuller Foundation, appreciated the body from the honor bestowed on them. He was grateful that the foundation still produced houses for less than N2m and said more collaborations will be made to ensure affordable homes for the ordinary Nigerians.