The Real Estate Developer’s Association of Nigeria (REDAN) is the principal agency of the organized private sector recognized by government and approved by the Federal Mortgage Bank of Nigeria (FMBN) – the apex mortgage lender in Nigeria – to facilitate the delivery of affordable mass housing for Nigerians.
Since its formation in 2002, the Association has gained increased credibility and prestige. With membership strength of over 1,500 members, the Association is capable of meeting the expectations of all its stakeholders, and serving as an effective pressure group that will drive through legislation aimed at enhancing the enabling environment for mass housing provision at the National Assembly; contribute to and reshape the housing finance policies of the Central Bank of Nigeria FMBN, Primary Mortgage and Commercial banks; expedite the much-needed reform in the mortgage finance sector, and thus promote the business interests of its members.
REDAN is the first port of call for the Federal, State, Local Governments, NGOs, and private establishments, as well as international partners and investors who wish to draw up a housing programme or participate in housing development in Nigeria.
REDAN collaborates and cooperates with all complementary institutions and organizations in the Housing and Real Estate Development industry. It works in close concert with the Federal Ministry of Lands, Housing and Urban Development; which has since assigned a fully functional desk for REDAN activities. The ministry is a key provider of land, from the articulated National Land Bank to facilitate REDAN sponsored projects.
The Federal Mortgage Bank (FMBN) constitutes about all that presently exists in the nation’s secondary mortgage, funding both developers and PMls. REDAN is currently striving to expand this market through the national capital market and foreign sources to ensure steady and hitch free financing towards the actualization of mass housing delivery for Nigerians.
The Federal Government now relies on REDAN and its members to achieve comprehensive housing development programmes that will be sustainable at all levels in the country; the newly revised National Housing Policy emphasized the role of REDAN in the facilitation of housing provision to meet the goal of housing for all.
Membership is by application, and is only open to corporate entities. The applicant must be an estate development company, or involved in business related to the housing industry or commercial real estate development including building of residential, commercial or industrial structures, including shopping centers, plazas or other commercial structures.
Invariably any real estate organization duly registered with the Corporate Affairs Commission of Nigeria and has its business operations in Nigeria is qualified to register with REDAN.
How to join REDAN
REDAN Membership can be attained through the National body, various state chapters and zonal offices. However, only a few of the state and zonal offices are functional.
The functional zones in REDAN include; The South-West Zone, with the zonal office located at Plot 2, Block B8, CMD/Jubilee Road, Magodo, Lagos and The North-Central Zone in Nasarawa State. The information on other zones is limited, visit www.redanonline.org to find out more.
To be a member of REDAN, you are required to pay a fee of #350,000, which includes an application fee of #10,000, a registration fee of #100,000, a subscription fee of #100,000 and a development levy of #140,000. Renewal of membership is done annually at a fee of #100,000
REDAN’S national Secretariat is situated at 13, Ikeja Close, Off Oyo Street, Garki 2, Abuja.
Mr. Yunusa Shuaibu is the national executive secretary.
For more enquiries on REDAN and membership into the association, contact one or more of the following top guns in the association. Their contacts are listed below;
1. Mr. Yunusa Shuaibu, National Executive Secretary: firstname.lastname@example.org, email@example.com, 08036508189.
2. Mr. Olayinka Emmanuel, DES, South-West zone: firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, 07060857155, 08034098575
3 . Contact Person for REDAN Membership: Ngbede Ogiri – 08091156076