Real Estate Developers Association of Nigeria (REDAN) has asked Nigerians, especially enterpreneurs to go into real estate business because it is lucrative.

The president of REDAN, Dr Aliyu Oroji Wamakko, made the appeal at the 13th Yearly General Meeting of the association held in Enugu.

Wamakko said real estate business was a profitable venture that “provides high returns on investment, creates jobs, increases Capital Stock, provides shelter as well as makes life comfortable for humanity,” stressing therefore that people should go into the business.

The REDAN president said that the association has zero tolerance for shady and shoddy deals and would continue to work with government and their agencies to check menace of money laundering through estate business in the country.

He, therefore, called on their members to carry out their business with utmost diligence and in conformity with extant laws guiding the business, pointing out that there was no need for any of their members to soil their business through unwholesome business relationships.

“Real Estate is our business and we must do all in our powers to protect it and align it with best global practices,” he told members.

Wammako thanked Gov. Ifeanyi Ugwuanyi of Enugu State for his commitment and interest in real estate development. He noted that the governor had provided homes for many, especially the civil servants.

He also expressed gratitude that the governor provided housing to about 100 civil servants at a reduced and affordable rate

“We note with high satisfaction and respect the efforts of Ugwuanyi in promoting housing development in Enugu State. He provided homes to many but let me emphasise some which include provision of homes to 100 civil servants by paying 50 per cent of the selling price,” he said

Ugwuanyi, represented by the Secretary to the state Government, Prof. Simon Ortuanya, said the government had made land procurement in the state easier by removing touts which had in a way contributed to the increase in the Internally Generated Revenue(IGR) accruing to the state.

He noted that as a caring government, concerned about the welfare of its citizens, they have initiated a process, “where once a civil servant is retiring, he will have a place to live in.”