Mortgage, real estate sectors in focus as MORE Academy sets to encourage players
As part of efforts at driving growth in the mortgage and real estate sectors of the Nigerian economy, practitioners, professionals and other stakeholders who are making these efforts will soon be recognized and encouraged for their contributions.
Despite the slow growth in the mortgage and real estate sectors, some private and public institutions have made and are still making their mark in these sectors which is why MORE Academy, a private public partnership between Centre for Management Development and Western Atlantic Corporation Limited has decided to reward such institutions with awards.
“This is the first ‘Award of Excellence’ for practitioners and professionals in Nigerian mortgage and real estate industry that was conceptualized to encourage healthy competition and drive quality housing delivery to meet the huge shortfall in housing supply in Nigeria”, explained Adejuwon Akinfolurin, chairman of MORE Academy, in Lagos recently.
As a country, Nigeria is faced with serious residential housing deficit which is affecting the quality of life and living standard of citizens. Housing delivery in the country is not responding to its growing population and fast-paced urbanization.
However, there have been some improvements in the recent years in the types, quality as well as innovative standards occasioned by technology to deliver better housing for Nigerians. “As a support service institution which has a major responsibility to provide the needed capacity building for the industry, we have, with this ‘Award of Excellence’ to encourage and promote healthy competition among stakeholders and provide a platform that will motivate them to do more for the industry”, Akinfolurin explained further.
The award, already slated for October 19, 2018, will come in different categories including Best State Government Housing Programme of the Year; PMB of Note Award of the Year 2018, Outstanding Developer of the year Award; Unique Property Design of the Year Award; Most Exciting Mortgage Product of the Year Award; Local Content Furniture of the Year Award; Alternative Building Technology of the Year Award; National Mortgage Intervention Award 2018, etc.
MORE Academy is not just giving out awards, but also producing for the industry a compendium, a 160-page document, to celebrate the awardees and the entire industry. “The compendium will be a documentation of enduring values that will be used to showcase the activities and achievements of the industry on a yearly basis”, he assured.
The compendium will be made public and will be seen in government, private and foreign offices lobby, lounge and receptions for increased awareness.
Besides the recognition and award, these whole efforts are aimed at providing more opportunities for industry stakeholders to excel as MORE Academy is committed to training the awardees employees as well as professionals in the mortgage and real estate industry to be able to avail themselves of the training modules it offers.
“The award will really encourage development because competition is healthy for growth. As a result, consumers will be more interested in the products that have been adjudged to be the best standard in the industry. Therefore, this will not only increase the patronage of awardees but also instill confidence in the consuming public thereby continually encouraging stakeholders to bring the best into the industry” , Akinfolurin said.
CHUKA UROKO