Experts urge technology adoption for affordable housing in Nigeria – At a time when macroeconomic and political forces are aggravating the challenges of affordable housing in Nigeria, experts are seeing technologies, including formwork construction as means to reduce costs and expand housing access.
They believe that government and private sector partnership in housing construction could sway the interest of the medium and low-income earners in homeownership.
Alpha Mead Group Chairman, Mr. Mutiu Sunmonu who made the submission at the opening of Lekki Pearl Estate built by Alpha Mead Development Company (AMDC) in Lagos, said that adoption of formwork technology and mortgage financing would revolutionise the housing market.
Sunmonu stressed that partnership with mortgage firms will make housing affordable and accessible to Nigerians. “We want to influence the banks to make mortgage cheap enough for the ordinary Nigerians to be able to obtain mortgage. We want to play a very strong advocacy role, making sure it’s more affordable.”
He said the government needs to help in the development of the housing markets by providing the enabling environment. “Government doesn’t need to get involved in building, but in the provision of infrastructure. The amount of time and money used by private investors to create infrastructure are enormous, which are passed on to the subscribers. If government takes part in this, it will actually open the housing markets.”
According to the Chairman, AMDC, Dada Thomas, an engineer, the vision is to close the 20 million housing deficit in the country. “It is difficult to achieve quality affordable housing in Nigeria without technology,” he said.
He said the society must have rule of law, and need technology to achieve development. Thomas said: “The government must invest in education and a country that does not invest in people, the future is bleak because they cannot create value. Education will translate to technology.”
The Group Managing Director, Alpha Mead, Femi Akintunde, an engineer, said that using formwork is best for the construction industry and its benefits outweighs conventional methods.
“This is the only solution for housing driven technology because what we are doing before using the conventional methods will not take us far. With formwork, the buildings are manufactured according standards and specifications. This is what we need to do to get it right in this country.
“Government should realise that housing is a social responsibility, they must encourage the private developers by reducing the cost of land to deliver affordable housing.”
Akintude argued that the estate is a functional government approved, energy efficient residential estate designed to make homeownership faster, convenient and affordable for the middle-income class.
“The biogas uses wastes people generate from their toilets. The wastes are processed to release electrical energy that powers all the lightning systems.”
“We set the formwork and in three days, pour the concrete inside and in ten days, one house is standing. Another advantage of it, is that you don’t use a single wood in the process. It is also environment- friendly; waste is almost zero, unlike when you’re carrying blocks.
“Then, the quality of the piping system, called multi layer piping system has 99-year guaranteed. The systems combine the thermal strength of the aluminum with the corrosive capacity of the plastics. It will not corrode or brake.”
The Managing Director, AMDC, Demola Akindolire, explained that the urbanisation rate of Lagos is growing to about three per cent and by 2030; it would be about 4.5 per cent. “The housing crisis is a time bomb, we’re seating on. The slums and people living on uncompleted buildings are the outcome of the housing deficits.
“The solution cannot be the conventional method of building. It cannot work. We need a rapid technology of construction that can deliver mass housing to solve the crisis. The technology comes with speed of construction, reduces wastes and cost of labour.”
GOOD DAY SIR/MA
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INTRODUCTION
RICH CONNECT TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
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NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
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Tnx:credit
Acct:304XXXX489
Amt:NGN 100,000.00
Desc:TRANSFER FROM LAVITA RICCA INVESTMENT TO / JENNY FELLY
DT:28-05-2020 09:28am
Bal:NGN 150,000.79
REF:4501396355
Bless God o
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GOOD DAY SIR/MA
HAVE YOU HELD ABOUT LAVITA TRUST INVESTMENT…?
LAVITA TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations
LAVITA PACKAGES
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
LAVITA TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
09068834101
ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly
Contact Mrs. FUMI BLESSING
09068834101
NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.