Mixta Africa has welcomed the Federal Government’s ongoing reforms in the housing sector, describing the measures as an important step towards improving housing delivery and expanding access to decent homes across the country.
The real estate development company, however, called for stronger mechanisms to ensure that housing projects are properly verified, funded sustainably and delivered according to agreed standards.
Mixta Africa said independent verification of housing projects would strengthen accountability and help ensure that funds released for construction are tied directly to measurable progress on the ground.
The company noted that independent verification could provide a clearer connection between the actual progress of construction, the release of project funds and accountability throughout the development process.
“Independent verification creates a clear link between construction progress, fund release and accountability.”
Mixta Africa said this approach would help reduce uncertainty around project implementation while giving financing institutions greater confidence that funds are being used for their intended purpose.
The company also called for sustainable construction finance, stressing the importance of creating financing structures that can support developers throughout the different stages of housing development.
According to Mixta Africa, access to appropriate long-term financing remains essential to increasing housing supply and ensuring that projects can move from planning and construction to completion.
The company said housing reforms should therefore go beyond policy announcements and focus on creating an environment where developers can access reliable funding, projects can be independently monitored and completed homes can reach the people who need them.
Mixta Africa’s position comes amid the Federal Government’s broader efforts to reform the housing sector and increase housing delivery.
The company said stronger collaboration among government, financial institutions, developers and other stakeholders would be necessary to achieve sustainable improvements in the sector.
It added that transparency, accountability and predictable financing would be critical to ensuring that housing programmes deliver measurable results.
The company also recommended the use of independent verification as part of the wider framework for monitoring housing developments, particularly where public funds or structured financing are involved.
According to Mixta Africa, linking financing to independently verified construction milestones could improve accountability while helping to ensure that projects progress according to schedule.
The company maintained that sustainable construction finance and effective project verification should form part of the country’s efforts to close its housing deficit and improve confidence among investors and other participants in the housing market.
Mixta Africa said continued reforms, combined with stronger financing mechanisms and transparent project monitoring, could help create a more effective housing delivery system in Nigeria
