Abbas Tajudeen and Abdumumin Jibrin Push for Real Estate Regulation

At a stakeholder conference in Abuja, participants, including Abbas Tajudeen (Rep, Zaria), the Speaker of the House of Representatives, and Abdumumin Jibrin, the Chairman of the House Committee on Housing and Habitat, advocated for a stronger regulatory framework in Nigeria's real estate sector. They emphasized that such measures would encourage investment and prevent fraudulent practices, thereby unlocking the country's housing potential.

Jibrin noted that regulatory gaps have hindered the sector's growth, stating that Nigeria has not yet harnessed the opportunities available due to these lapses. He pointed out the lack of jurisdiction for the Minister of Housing over all relevant agencies, leading to duplication of functions.

In his keynote address, Tajudeen asserted that the issue is not a lack of property in Nigeria but rather a lack of trust in the property market. The conference was organized by the Speaker's office in collaboration with the House Committee on Housing and Habitat, under the theme: "One Vision, One Ecosystem, One National Housing and Real Estate Plan.".