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Real Estate Fair to Enhance Cheap Cost of Building in Nigeria

The Managing Director and chief Executive Officer, Soe Properties Limited, Mr. Olisa Ebigwei has confirmed that, the fifth real estate fair will not only introduce new trends in building cheap houses in Nigeria but also address the knowledge gap in the building industry,

Ebigwei, the convener of the annual real estate fair told newsmen in Lagos at the weekend that, unless Nigeria adopts modern technologies in the built industry, the country is likely not to experience adequate and affordable houses.

“The world has gone beyond vibrated machines for making blocks. So long as we are still using the age-long technology, we can’t achieve quality housing in Nigeria.

We also leave it the unprofessional to do, thinking it is a job for the unskilled in the society. But around the world in the building systems, 30,000 blocks can be produced in an hour compared to the less than 100 we currently produce with our obsolete technology,” he noted.

“You go to Asia, a whole city can be developed in 3 years but what are we doing in Nigeria? What are we doing to deliver affording houses in Nigeria? These are the issues we will be looking at during the fair.

Thus, we are having developers from Dubai and other parts of the world who will tell us what they are doing. We are also inviting organisations in Nigeria who have done well to tell their experience,” he said.

He said the fair holding from 12-14- October, 2010 at the Eko Hotel and Towers, Lagos is powered by Soe Properties and supported by the Federal Ministry of Lands, Housing and Urban Development and the Real Estate Developers Association of Nigeria (REDAN).

The fair, with the theme ‘the Nigerian House is 50: Building systems, building technologies and building materials: The way forward,’ he said, will be “a meeting point for real estate developers, construction companies, building materials manufacturers, builders, architects, interior decorators, banks and investors in the industry and governments to showcase their products, services and earn latest trends in real estate.”