Building Materials Investments Will Have Positive Impact In Housing Sector —Minister

Minister of State for Housing and Urban Development, Yusuf Abdullahi Ata, has commended the large-scale Investments in local building materials in Nigeria, saying it gives a boost to the federal government’s building materials manufacturing hubs initiative in the six geo-political zones of the country.

Ata made the commendation during his visit to Lagos and Ogun States’ industrial areas over the weekend.

“The growth of building materials industries clearly indicates that investors have heeded the federal government’s call to invest heavily in Nigeria, and this gesture is yielding fruitful outcomes,” Ata said.

He explained that investments in building materials would support the federal government’s Renewed Hope Agenda, particularly in the housing sector and impact on the nation’s economy.

The minister, who visited Hwani Industrial Complex in Shagamu and Abule Owu, Ogun State, noted that the complex’s large-scale production of building materials and equipment would significantly contribute to the nation’s housing needs.

” The large-scale industrial complexes like Hwani would have a positive economic impact, generating revenue, creating jobs, and reducing youth restiveness” he stated.

He further highlighted the importance of industrial growth and expressed satisfaction with the industry’s modern machinery and manufacturing capabilities.

Ata noted that similar complexes in Nigeria’s six geopolitical zones would reduce unemployment, increase government revenue, and support the federal government’s housing initiatives.

The minister was conducted on a tour of Hwani conglomerate, a household manufacturing industry which engages in large-scale production of household wares from foundation to finishing touches, and specialises in the large-scale production of ceramic toilet wares, fitting pipes, and wooden doors.

The Managing Director of Hwani Group and Jomoo Nigeria Limited, Mr. Chen Dibau, expressed his gratitude for the minister’s visit, stating that his company is committed to producing affordable and durable household materials and equipment for Nigerians.

The MD explained that the industry’s large-scale production capacity not only meets Nigeria’s needs but also has the potential to cover the entire West African sub-region, providing essential building supplies and materials from start to finish.

Building Materials Investments Will Have Positive Impact In Housing Sector —Minister is first published on The Whistler Newspaper