Stakeholders in the real estate sector who gathered at the 2nd Annual Economic Summit & Real Estate/Housing Solution Forum organized by Bstan Group have harped on solutions to housing in the country.
At the two day summit in Abuja tagged: House Fair 2.0, “A New Way To Build: The Unveiling,” the real estate firm presented a new sustainable and accessible all concrete & steel mass housing technology and solution as an alternatives to housing construction.
Convener of the fair and President of Bstan Group, Otunba Damilola Oke in his welcome address said over the years the potentials of real estate sector in our economy has not been harnessed and utilized effectively for the populace, adding that the important area as the real estate sector which determines the outcome of activities in the value chain has so long been overlooked.
Oke while speaking said; “This annual event is designed as platform to promote sharing, discussing and collaborating with leaders, expert, colleagues in the wider community and global practice; bring influential members of the Real estate/Housing sector and other relevant critical stakeholders to facilitate knowledge transfer and to raise advocacy on issues that are fundamental to the sustainable growth of the industry and the national economy.
“More than a decade the government has sought for a perennial housing deficit (recently put at 40million) that has plagued the country by providing hitherto elusive affordable housing. Thus the main agenda of this 2nd Edition of the House Fair 2018, in line with our commitment as a real estate development firm is to contribute significantly in reducing Nigeria’s housing deficit which has been our core agenda in the last 11 years,” he said.
Managing Director Of Bstan Group, Engr. Dr Becky Damilola at a paper presentation on “Alternative Building Solution: The Concrete & Steel Approach,” said Nigeria with over 180 million populations is experiencing a rough battle in addressing the current housing deficit pegged at over 17 million units.
Damilola said it is the Vision of Bstan Group to make housing available to all Nigerians by the Year 2020 and also make the sector one of the top three contributors to the nation’s economy by adding 10 million decent and affordable homes to the national housing stock.
“In this House Fair 2.0, we have come up with cutting edge housing technology to break the long term tradition and inability of an average Nigerian in owning a roof over their head (shelter).”
Comparing the performance of the new technology, Damilola said it is way more sophisticated yet most affordable compared to the traditional way of building. She also revealed that the building solution offers 40% less than the prevailing market rate for a similar building.
Also speaking at the summit, Director General, Standard Organisation of Nigeria, Dr Osita Aboloma represented by Engr Paul Okey in his presentation on “Ensuring Standards And Quality Control In The Built Industry,” highlighted the importance of ensuring Standards and Quality control in building construction, stating that standards help ensure quality, safety, economy, reliability, compatibility, interoperability, interchangeability, effectiveness and other vital characteristics.
According to Odey; “Building projects are expected to create a balance between cost, time and quality. High quality is extremely important to a successful project. Quality control leads to high quality and is therefore important to a successful construction project and should be adhered to throughout a project from conception and design to construction and installation,” he added.
The summit also presented Brand Ambassadors of Bstan Homes, in the array of Ejike Asiegbu, Monalisa Chinda –coker, Enyinna Nwigwe, Paul Play Dairo, Sola Sobowale.
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