The President of the Housing Development Advocacy Network, (HDAN), Mr. Festus Adebayo has urged the federal government to keep off from direct construction of housing and infrastructure this year to avoid clash of interest.
Adebayo said, rather, government should focus solely on its core responsibilities of creating an enabling environment for business and investment to thrive through effective legislation and enforcement of policy.
According to the group, such policy move, will spur a derivative market that allows asset backed investments in infrastructure and housing to grow as well as attract requisite investments from local and foreign Investors.
They further stated that Nigeria’s infrastructure deficit has the proven cash flow models to match returns with risk per virtue of the population size and the increasing demand for better service alternatives.
The group stated this in its housing agenda report for the New Year 2020. A report that was released by its president alerted the federal government on global best practices, stressing that it should be fixated in creating incentives that will stimulate infrastructure and housing development.
Essentially, he said incentives should be given to players and developers who are providing infrastructure and housing services for lower, upcoming middle-income segments and those who really need housing and infrastructure.
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