Business
Association Urges Operators To Upgrade Skills
The Nigeria Institution of Estate Surveyors and Valuers (NIESV), has urged operators in the built environment to continually upgrade their professional skills to remain relevant.
President of the institution, Mr Bolarinde Patunola-Ajayi gave the advice while speaking with the newsmen in Lagos. He said that it was through involvement in programmes that could enhance their professional skills and competences that their values would be retained.
According to him, whenever there is recession in an economy, the building sector is usually the most hit, resulting to scarcity of construction activities and loss of jobs.
“This makes it paramount for the professionals to continually upgrade their skills and competences to be relevant in the industry.
“Unless we stand our ground and maintain the standards of the profession, we may be swept away by the growing competition in the industry.
“Let us seek for ways to lift up the construction industry by continually embarking on researches and programmes that will enhance our skills,” he said.
Patunola-Ajayi said that the advice became necessary because in a period of recession, many investors tend to shun the real estate sector.
“Though the three essentials of life are food, clothing and shelter, shelter comes last in most peoples’ scale of preference because it is only when one eats and is clothed that he may think of building or investing in housing,” he said.
Patunola-Ajayi urged the Federal Government to invest more in the construction sector to raise the number of those employed and aid the country’s economic recovery.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
