The Real Estate Development Association of Nigeria has said the government’s involvement in the housing sector will not provide a lasting solution to the challenges facing it. President and Chairman of the Council of REDAN, Aliyu Wamakko, made the assertion when he spoke exclusively with the PUNCH. “You can’t go to the bank to borrow money at 30 per cent interest rate and you come out to build a house and expect it to be affordable. “The present government, when it came into power, said during campaigns that a million houses will be built per year. That is what they promised but very unfortunate that they have built 10,700 houses which have not been completed,” he said.

Source: Punch September 27, 2022 11:37 UTC