Ahmed Dangiwa, the Minister of Housing and Urban Development, has warned that real estate developers cutting corners would be punished.
The Minister made this known at the opening of 102 units of luxury apartments, high end office and flag off ceremony of Project Broadfield by Dynamic Mayor Edge Company in Abuja recently.
He also warned developers against deceiving prospective buyers and delivering substandard projects after collecting payments, to maintain quality standards in housing projects.
In response to residents’ grievances about the increasing incidents of real estate fraud and customers expressing dissatisfaction due to the perceived lack of value for their money, the Minister made the remark.
Dangiwa reiterated the government’s commitment to uphold citizens’ rights and prevent real estate fraud.
He stressed the importance of housing as n integral aspect of national development.
He added that, “I want to warn all developers that the days of cutting corners in these housing types are over and those who collect monies from beneficiaries off-plan and at the end of the day, they are duped should stop doing that because the days are over for that.”
“We are collaborating effectively with the EFCC, which is the agency of government that is saddled with the responsibility of ensuring the rights of the citizens are enforced, in order to remedy the sector.” the minister revealed.
He noted that President Bola Ahmed Tinubu’s commitment to citizen wellbeing is shown through initiatives like the DME Group’s estate project, aligning with the government’s vision for sustainable urban development.
He said, “We have a vision to be among the top 10 luxury home providers in Nigeria by the year 2032; this is because we believe every Nigerian deserves luxury irrespective of their budget size.
“In the past 6 years, we have completed over 150 affordable luxury homes, and our Apo Dutse project, which is being displayed on the screen and planned to be commissioned in October upon completion, will make it over 300 units of affordable luxury homes been delivered within seven years of establishment as a company, which we shall invite you, sir, for the commissioning as well by the special grace of God Almighty.
“By 2027, when we shall be celebrating our 10th anniversary, we plan to have built and delivered at least 700 homes.”
At the event, a former senator representing Adamawa North senatorial district, Mohammed Jibrilla, urged developers to avoid attaching prices of essential building materials on the dollar rate.
He noted, “When you are building, please consider the prices everyone is talking about, because there are certain things that when you build houses, you don’t consider dollars. Sand, water, and other essential materials are not dollarized. So, please, I want to advise that developers consider what Nigerians are going through and give good pricing.”
