The Real Estate Developers Association of Nigeria (REDAN) has called for the introduction of an annual certification system for real estate developers as part of broader efforts to improve professionalism, strengthen regulatory compliance, and reduce fraud in Nigeria’s property sector. The association believes regular certification will help restore public confidence and promote higher standards across the industry.

Speaking on the proposal, REDAN President Prince Akintoye Adeoye said annual certification would enable regulators to monitor developers more effectively, ensure continued compliance with industry standards, and identify operators who fail to meet professional and ethical requirements. He noted that stronger oversight is necessary to protect investors and homebuyers from fraudulent practices.

Adeoye explained that the proposed certification framework would encourage developers to maintain high standards in project execution, financial accountability, and customer service. He added that it would also make it easier for the public to distinguish legitimate developers from unregistered operators responsible for many cases of property fraud, project abandonment, and substandard construction.

According to him, Nigeria’s real estate industry requires a more structured regulatory framework that promotes transparency, accountability, and professionalism. He urged the Federal Government and relevant regulatory agencies to work closely with REDAN and other stakeholders to develop and implement a sustainable certification and monitoring system for developers nationwide.

The REDAN president also stressed the importance of enforcing existing building regulations, planning approvals, and professional standards to reduce building collapses and improve the quality of housing delivery. He said certification should complement broader reforms aimed at strengthening governance within the housing and construction sectors.

Industry experts believe that introducing annual certification for developers would improve consumer protection, increase investor confidence, discourage fraudulent activities, and contribute to the long-term growth and sustainability of Nigeria’s real estate market.

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The Real Estate Developers Association of Nigeria (REDAN) has attributed the growing cases of real estate fraud, substandard construction, and building collapses across the country to the activities of unregulated and unregistered property developers. The association called for stricter regulation and enforcement to protect homebuyers, improve construction standards, and restore confidence in Nigeria’s housing sector.

Speaking during an interview, REDAN President Prince Akintoye Adeoye said many of the challenges confronting the real estate industry stem from the absence of effective regulation and the activities of individuals operating outside recognised professional and legal frameworks. He stressed that many fraudulent operators lack the technical expertise and ethical standards required to deliver safe and quality housing projects.

Adeoye noted that patronising unregistered developers exposes buyers to risks such as land fraud, project abandonment, structural defects, and building collapse. He urged prospective homeowners and investors to verify the credentials of developers before making payments or committing to property transactions.

According to him, REDAN has continued to advocate for stronger collaboration with government agencies and regulatory institutions to sanitise the real estate sector. He said improved oversight, stricter compliance with planning regulations, and the enforcement of professional standards would significantly reduce fraudulent practices and improve the quality of housing delivery.

The REDAN president also emphasised the need for all developers to comply with building codes, obtain statutory approvals, and engage qualified professionals, including architects, engineers, builders, and quantity surveyors, throughout the construction process. He maintained that adherence to established standards is essential to preventing avoidable structural failures.

Industry stakeholders believe that strengthening regulation, improving consumer awareness, and enforcing professional standards will help reduce building collapses, discourage fraudulent property transactions, and create a safer, more transparent, and more sustainable real estate market capable of attracting greater investment.

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The Real Estate Developers Association of Nigeria (REDAN) has called for stronger regulation of Nigeria’s built environment to curb the rising incidence of building collapse and promote safer, more sustainable housing development. The association said effective regulation remains critical to protecting lives, improving urban planning, and strengthening investor confidence in the real estate sector.

Speaking at the stakeholders’ validation workshop on the National Housing Data Programme and the proposed National Housing and Built Environment Regulation Policy in Abuja, REDAN President Oba Akintoye Adeoye stressed that weak enforcement of building standards continues to contribute to structural failures, poor urban development, and other challenges affecting the housing sector.

Adeoye described regulation as the foundation of a safe and orderly built environment, noting that transparent and effective oversight would create a framework that protects lives and property while encouraging investment and sustainable urban growth. He maintained that stronger enforcement of existing standards is essential to improving the quality and safety of buildings across Nigeria.

The REDAN president also highlighted the importance of credible housing data, describing the National Housing Data Programme as a major step towards evidence-based policymaking and improved housing delivery. He noted that Nigeria’s housing sector has operated for years without comprehensive data, forcing policymakers and investors to rely on estimates rather than verified information.

According to Adeoye, reliable housing data will improve government planning, support investment decisions, enhance market transparency, and strengthen efforts to address the country’s housing deficit. He urged public institutions, developers, professional bodies, and other stakeholders to collaborate with the Federal Ministry of Housing and Urban Development to ensure the successful implementation of the new housing data and regulatory initiatives.

Stakeholders believe that combining stronger regulation with reliable housing data will improve building safety, reduce structural failures, encourage responsible real estate development, and create a more resilient housing market capable of supporting Nigeria’s long-term economic growth.

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A former President of the Real Estate Developers Association of Nigeria (REDAN), Dr. Aliyu Wamakko, has urged the Federal Government to declare a state of emergency on rising building costs instead of focusing on rent regulation, arguing that the country’s housing affordability crisis is fundamentally driven by the high cost of housing production.

Speaking in Abuja, Wamakko said soaring prices of construction materials, land acquisition, labour, infrastructure, and financing have significantly increased the cost of developing residential properties, making it impossible for developers to offer affordable rental housing. He maintained that high rents are a consequence of expensive housing production rather than the primary cause of the housing crisis.

According to him, the prices of cement, steel reinforcement, roofing materials, electrical fittings, plumbing supplies, and other essential construction inputs have risen sharply in recent years, while labour and financing costs have also increased substantially. He noted that developers cannot recover their investments if rental prices are artificially suppressed without addressing these underlying production costs.

Wamakko called on the Federal Government to prioritise policies that reduce the cost of building materials, expand access to affordable long-term financing, strengthen local manufacturing, improve energy supply, lower transportation costs, and encourage large-scale housing development. He argued that such measures would increase housing supply and naturally reduce rental prices over time.

He warned that attempts to regulate rents without tackling the economic realities of housing development could discourage private investment in the real estate sector and worsen the country’s housing shortage. Instead, he advocated market-driven solutions supported by government policies that lower construction costs and stimulate investment in affordable housing.

Housing experts have consistently maintained that reducing construction costs, expanding mortgage financing, simplifying land administration, and increasing infrastructure investment are essential to improving housing affordability and addressing Nigeria’s estimated housing deficit. They believe that boosting housing supply remains the most sustainable strategy for easing pressure on rental prices while supporting long-term economic growth.

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