Experts seek govt, private sector support in housing sector

Nigerian Institution of Estate Surveyors and Valuers (NIESV) has said that the only way to resolve the contemporary real estate crises in the country is the intervention of government and the private sector.

The real estate experts said that development of the sector would generate income for government through land taxes.

Former president of NIESV, Bode Adediji, made the recommendations yesterday at the 26th John Wood Ekpenyong Lecture and NIESV’s 2020 Fellows induction in Calabar.

Theme of the lecture is ‘Nigeria Contemporary Real Estate Crises: A Threat to Nigeria’s Economic Growth and Development’.

Adediji said the real estate, being one of the critical sectors, if reformed, would propel growth and alleviate poverty in the country.