The executive director officer of Revolution Plus Property, a leading firm in the Housing and Estate Management sector in Nigeria, Mrs Tolulope Onalaja has expressed appreciation to the federal government on the recent approval of 200 billion naira through the Central Bank Of Nigeria ( CBN )as mortgage finance facility to the low-income earners in the country.
The fund according to him, will be used to fast track the construction of 300,000 houses in the 36 states of the federation and the Federal Capital Territory and consequently create 1.5 million jobs in five years.
He lauded the government for this initiative, saying the fund will help to revitalise the housing sector in Nigeria and also helps stakeholders in achieving their respective goals.
Read Also: Court Remands Seven Suspected Political Thugs In Prison
She however called on those to handle the disbursement of the fund implementation of the policy to do it professionally so that the purpose for which the fund was released would be achieved.
Onalaja stated this recently during the official commissioning of Revolution Plus Property new office complex in Abeokuta, Ogun state. The event was also used by the management of the firm to launch its two estates, named Manchester Garden and Oxford Park, in the city.
Speaking further, she disclosed that, the resolve of the company to meet its core mandate of making affordable houses available to Nigerians, irrespective of their class and status, propelled them to expand the frontier of their business by opening a new office in Ogun State.
“The main objective of our firm is to make housing affordable for Nigerians, irrespective of their classes and economic earnings. We are of the strong belief that, housing should not be a luxury to Nigerians but an asset they can easily acquire with little or cost-effective resources. That’s the reason that made us to open a new office in Abeokuta so that common people will have access to our properties”, she said.
Commenting on the challenges facing investors in the housing sector in the country, Mrs Onalaja said the major challenge is the complex bureaucracies associated with the processing of title documents or deed of agreement from the government. She lamented that the processing is too cumbersome and consequently causing long delay for investors before they can get necessary documents from the government. She called on government at state levels to review the bureaucratic bottlenecks associated with the processing of title documents so as to make investors’ jobs easier for them before their clients.
She also complained about the menace of the land grabbers, popularly known as “Omo Onile” at the local parlance, saying that these set of people usually disturb the peace of investors by asking them to repurchase the land they had bought and long paid for. She called on the government to help investors to checkmate these nefarious activities, saying they are frustrating.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611