{"id":118493,"date":"2025-05-07T21:26:34","date_gmt":"2025-05-07T20:26:34","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=118493"},"modified":"2025-05-07T21:26:34","modified_gmt":"2025-05-07T20:26:34","slug":"aihs-commends-local-procurement-rule-eyes-cost-cuts-2","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/aihs-commends-local-procurement-rule-eyes-cost-cuts-2\/","title":{"rendered":"AIHS Commends Local Procurement Rule, Eyes Cost Cuts"},"content":{"rendered":"<div id=\"m#msg-f:1831488012496542899\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">\n<div id=\"m#msg-f:1831488100074458772\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\">Daniel Adaji<\/div>\n<div id=\"m#msg-f:1831488100074458772-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div><\/div>\n<div>The Africa International Housing Show (AIHS) has backed President Bola Tinubu\u2019s Nigeria\u2011First procurement policy, describing it as a major boost for affordable housing through the use of indigenous materials.<\/div>\n<div><\/div>\n<div>In a statement issued in Abuja on Wednesday, AIHS Coordinator Festus Adebayo said the policy aligns with the group\u2019s long-standing push for local content in housing development, noting its potential to cut building costs and expand access to homeownership.<\/div>\n<div><\/div>\n<div>&#8220;The AIHS has consistently championed the use of local building materials and expertise as a key strategy to reduce the exorbitant costs associated with housing development,&#8221; Adebayo said.<\/div>\n<div><\/div>\n<div>&#8220;President Tinubu&#8217;s Renewed Hope Nigeria-First Procurement Policy is a significant step in the right direction, reinforcing our belief that prioritizing local content is essential for economic empowerment and the creation of affordable housing,&#8221; he said.<\/div>\n<div><\/div>\n<div>The policy directs Ministries, Departments, and Agencies (MDAs) to prioritize Nigerian products and services in procurement. According to AIHS, this could stimulate local industries, support skills development, and curb dependence on expensive imports.<\/div>\n<div><\/div>\n<div>Adebayo stressed that indigenous materials not only lower construction costs but also support environmental sustainability and generate local employment.<\/div>\n<div><\/div>\n<div>&#8220;By embracing local building materials such as compressed earth blocks, locally sourced timber, cement, steel, other construction supplies and sustainable alternatives, we can significantly reduce the financial burden on prospective homeowners,&#8221; he explained.<\/div>\n<div><\/div>\n<div>&#8220;This policy provides an opportunity for developers to explore and utilize these materials, ultimately making homeownership a reality for a larger segment of the population,&#8221; he said.<\/div>\n<div><\/div>\n<div>AIHS urged the government to ensure full and swift implementation of the policy. It also called for support mechanisms for local manufacturers and suppliers to maximize the impact of the initiative.<\/div>\n<div><\/div>\n<div>&#8220;We are ready to work closely with the government to provide technical expertise, facilitate knowledge sharing, and advocate for policies that promote the adoption of local building materials and technologies,&#8221; Adebayo stated.<\/div>\n<div><\/div>\n<div>&#8220;By working together, we can create a more sustainable and affordable housing market that benefits all Nigerians,&#8221; he added.<\/div>\n<div><\/div>\n<div>The group maintains that the policy, if effectively enforced, could play a significant role in addressing Nigeria\u2019s housing deficit and drive broader economic growth.<\/div>\n<div id=\"m_-903575543057233857ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji The Africa International Housing Show (AIHS) has backed President Bola Tinubu\u2019s Nigeria\u2011First procurement policy, describing it as a major boost for affordable housing through the use of indigenous&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":118494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-118493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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