Eulogies, assurances as Rev Chime gets REDAN’s highest honor

Rev Ugochukwu Chime, President, REDAN
  • His leadership antecedents assures of his capabilities – Investiture Committee
  • How we will provide multiple homes for Nigerians, by Rev Chime

The Nigerian built environment received a major boost on Wednesday as stakeholders of the Real Estate Developers Association of Nigeria (REDAN) and other individual and institutional stakeholders of the industry bestowed multiple votes of confidence on the leadership of the fifth executive members of the Real Estate Developers Association of Nigeria (REDAN), headed by an astute professional, Rev Ugochukwu Chime who was recently elected into office as the fifth President of the association.

The investiture ceremony which was chaired by a former Minister of Lands and Housing, Ms Amal Pepple doubles as the 2018 Awards Presentation Ceremony of the association where successful real estate developers were honored for the ability to pay back Estate Development Loans (EDL) disbursed by the Federal Mortgage Bank of Nigeria.

The Chairman of the Investiture Committee, Dr. Aliyu Wamako who described the ascendancy of Rev Ugochukwu Chime to the presidency of REDAN as a plus for the association, described Chime as a man who has built a track record of excellent leadership performances stating that he is “a development icon of the Nigerian building industry.”

According to Wamako, “Chime’s leadership will take REDAN to greater heights.”

The immediate past President of REDAN, Chief Bode Afolanyan who was in consonance with the investiture committee recalled that the founding of REDAN in 20013 was to facilitate provision of affordable houses to Nigerians adding that the Federal Mortgage Bank of Nigeria (FMBN) must be recapitalised in order to reposition it for effective service to Nigerians.

President of REDAN, Rev. Ugochukwu Chime who warmly welcomed the guests assured that the fifth executives of REDAN will device new strategies that will lead to the greater realisation of objectives.

Recalling the efforts that led to the founding of REDAN, rev Chime said:  “I am particularly enthused because the journey which started in 2002 by the thoughts of the Board of the Presidential Technical Board of the Federal Mortgage Bank of Nigeria led by Prof. Akin Mabogunje at Chelsea  Hotel, Abuja, has become a colossus,” adding that the teething problem of defining and acceptance of the crucial role and responsibilities of real estate developer is gradually dawning on all real estate developers.

“We want to use this medium to thank all the founding fathers who labored; and their successors who are laboring to ensure that the paradigm shift in home ownership approach from using savings, equity to own a house, to use of mortgage is clearly understood by all stakeholders and entrenched in the socio economic planning, laws, policies and processes of housing development in Nigeria.

“This is becoming well rooted in the annals of the country’s policy and real estate business decisions,” he said adding that real estate development is an entrepreneurial endeavor aimed at producing quality and affordable housing.”

“The entrepreneurs are managers of the diverse interests of stakeholders in the housing product value chain and first port of call for investors and citizens who need mass and service providers.”

“The fifth Executive Council of REDAN which I shall preside over, will strive to position itself to ensure formidable discharge of its mundane responsibilities in areas of housing advocacy and standardization of products and services.”

He said his administration will consolidate on the achievements of visionary leaders such as Lateef Jakande who have worked hard to ensure provision of homes to Nigerians, adding that the warm hand of fellowship extended to the association by diverse public and private sector organizations will be strengthened and serve as building block to ensure that Nigerians reap the benefits of accelerated and inclusive real estate development.


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