Vanguard (Lagos)

Nigeria: Stakeholders X-Ray New Building Process to Tackle 16 Million Housing Deficit

Stakeholders in the building and construction industry will this week hold a summit on how to tackle the 16 million national housing deficit in the country. The one-day event with the theme Bridging the 16 million national housing deficit is being organised by Nigerite Limited and REDWOOD Consulting.

The organisers said Dry Construction Solution, a Nigerite initiative, will help create a new platform for discussion and education on the challenges facing housing for all by the year 20: 20: 20. Marketing Director of Nigerite, Mr. Toyin Gbede said in a statement that stakeholders at the summit will take a holistic look at the present challenges posed by wet construction in achieving the housing for all by the year 20:20:20 and offer solutions to these challenges.

"Presently, wet construction is the fad in vogue in building and construction industry. The option which is capital intensive is believed not to hold much prospects for resolving the 16 million national housing deficit, hence the need for stakeholders' collective efforts towards a search for a better option. The proposed summit will enable industry operators and practitioners to rub minds together and adopt an alternative building processes while also proffering a word of mouth solution on the benefits of dry construction in the sector. The summit is also intended to reveal and offer opportunity to compare the wide array of advantages of dry construction", Gbede said.

Managing Partner of Redwood Consulting, Mr Femi Olaiya said it is no longer news that Nigeria has over the years suffered from the dearth of adequate housing due to the current building process which is majorly wet construction.

"With a population of well over 160 million, Nigeria cannot effectively provide durable housing for its citizens, hence we have decided to gather a wide array of professionals in the industry to come together and discuss, with the hope of proffering solution to this challenge," he said.

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