Armstrong ‘Tope Akintunde is the Executive Director, Special Project at Suru Group. He is also the Managing Director and Chief Executive Officer of Aerofield Homes Limited- a firm actively engaged in the construction of several multi-million naira housing projects. In this interview, Akintunde speaks on several issues including how the government can bridge the housing deficit in the country.
The cluster of these classes of people and committed and selfless government representatives will lead to attaining such goal. It must be taken into consideration that no matter how genuine the intention is or strong the drive maybe if the prices of building materials are not controlled or managed, the idea will never come to fruition.
We have been able to surmount the problem because of our realistic and focused approach to the home sector. We prioritised the sector and deployed all efforts required. As earlier enumerated, housing programmes, particularly low-cost ones are realizable with dedication, determination and genuine drive by the government.
Among these challenges, the most restricting is the inadequacy of funds and lack of access to capital. Indeed, most of the other problems could easily be resolved with sufficient finance. Our financial institutions typically wait for entrepreneurs to become successful before they take any serious interest in their businesses. However creative and innovative they are, these entrepreneurs often cannot meet the strict credit risk acceptance criteria of banks.
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