Connect with us

News

FG to Establish National Land Commission… Put in Place Model Mortgage Foreclosure Law

Published

on

FG to Establish National Land Commission
… Put in Place Model Mortgage Foreclosure Law

By: Michael Mike

The Federal Government has announced plan to establish a National Land Commission, even as it revealed that works are on to put in place a Model Mortgage Foreclosure Law.

The Minister of Housing and Urban Development, Arc. Ahmed Dangari disclosed this on Tuesday at the ongoing 6th Nigeria Diaspora Investment Summit, NDIS in Abuja

The summit which has as theme, “New Vistas, New Aspirations, New Visions: The Diaspora and National Development is put to gather NDIS in conjucntion with Nigerians in Diaspora Commission (NIDCOM).

Dangiwa, in his remarks at the Summit, said the Land Commission when established will outline clear implementation guideline for the land Use Act.

The Minister said: “We are working to establish a National Land Commission. Part of their work will be to outline clear implementation guidelines for the Land Use Act to chart a new path of effective land administration in the country.”

He revealed that: “Last week I met with the leadership of the Presidential Technical Committee on Land Reforms, Prof. Peter Adeniyi, where I committed to incorporating the comprehensive work, they have done over 14-years in our land reform strategy.

“As the renowned land reform scholar said, experience shows that a nation can never develop if it does not conduct land reform. This will be done under the Renewed Hope Action Plan for Housing.”

Dangari further explained: “Notable part of our housing sector reforms that is of particular interest to the Diaspora interested in investing in the housing and real estate sector is land reforms. What we envision is a streamlined land administration that cuts through the bureaucratic bottlenecks and systemic inefficiencies to ensure cost effective and efficient access to land for both individuals and investors in our country.

“Currently, we have a situation where the Land Use Act, which was enacted in 1978 has no complementary institution set up alongside it to provide the necessary framework, guidelines, and regulations for operationalizing it. Under the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR, we aim to fix this systemic anomaly”.

The Minister also revealed that government is working towards having a uniformed mortgage system.

He said: “The second is the nationwide adoption of the Model Mortgage Foreclosure Law. The Model Mortgage Foreclosure Law (MMFL) provides contemporary provisions on the creation, registration, and enforcement of mortgages, along with remedies like foreclosure and the enforcement of mortgages on real properties and related purposes in Nigeria.

“As of date, the Model Mortgage Foreclosure Law (MMFL) has been passed in only four (4) states, including Lagos, Kaduna, Ekiti, and Nasarawa States. We aim to drive its passage in all the states of the federation as part of our efforts to ensure that investments in the housing and mortgage sector are protected.”

He hinted of government’s plan towards “boosting local manufacturing of building materials,” adding that: “Nigeria’s shortfall in the supply of quality housing stock presents a good opportunity for investors.”

He said: “To drive this, we aim to create an enabling environment for private sector players to produce building materials locally to lower cost, create jobs, grow the local economy, and ultimately ensure inclusive growth.

“To do this we are planning to establish six (6) manufacturing hubs – one in each of the six (6) geo-political zones in the country. The hubs will be provided with relevant facilities, including access roads, electricity, fit for purpose housing and relevant linkages for manufacturers to site their firms and operate. We are also proposing relevant incentives that will make it more profitable and rewarding for the private sector to manufacture building materials locally. “

The Minister who also launched the Diapsora Housing Mortgage Loan, assured Nigerians in Diaspora that the government is willing to support them to own houses in the country.

He said: “And as a Ministry, we are willing to support Diaspora initiatives in the housing and urban development space as well as encourage partnerships with the Diaspora towards making a change in the housing and urban development narrative of our dear country.

“It is important for me state that when we think about the Diaspora, we are not only thinking of them as sources of finance to develop our country, but we also see them as Nigerians, who though abroad, are desirous of owning homes in Nigeria. “

The Diaspora Housing Mortgage Scheme, he explained “is designed to enable Nigerians living overseas participate in the National Housing Fund (NHF) Scheme so they can access up to N50million to own their homes in Nigeria. Participants can access the loan via a National Housing Fund (NHF) loan, Rent-to-Own or the Individual Construction loan window.

“The terms are affordable and best market rates. This includes a single-digit interest rate of 9%, and a payback period of up to 10 years.

“As part of the initiative, the Federal Mortgage Bank of Nigeria will facilitate the construction of affordable housing units in major cities that meets the specifications of Nigerians in Diaspora.

“I want to say that the FMBN is not the only agency under the Ministry of Housing and Urban Development that is delving into catering to the housing needs of the Diaspora.

“The Federal Housing Authority (FHA)is also involved as part of the Ministry’s sector wide effort to cater to the Diaspora. They have undertaken to develop the Diaspora City Project under a Public Private Partnership comprising the FHA, The Nigerians in Diaspora Commission (NIDCOM) the Federal Capital Territory (FCT) and the private sector. The Project is situated in Maitama 2, with over 675 hectares of land. The FCT administration has committed to opening the road and providing the relevant infrastructure. The Diaspora City project is designed to have bungalows, semi-and detached duplexes, and mansions to reflect its inclusive essence.

“So, today, I want to say that I am excited to be the Minister of Housing and Urban Development to launch the Diaspora Mortgage Scheme, which I initiated as the MD/CE of the Federal Mortgage Bank of Nigeria on this auspicious occasion. Indeed, I consider it a positive twist of fate and “I want to use this opportunity to urge Nigerians in the diaspora to seize the opportunity the Scheme affords them to actualize their dreams of owning affordable homes in Nigeria.

“Our overall goal is to ensure that as our brothers and sisters’ sojourn abroad, they also have a decent shelter over here in Nigeria to call their home.”

On the country’s mortgage system, he said, “I am aware that the Mortgage scheme is set to be formally launched in the United Kingdom, Canada, and the United States soon, and it is my hope that the diaspora community would take full advantage of this opportunity and massively subscribe to reap its short and long-term benefits.”

The Minister equally assured the Diasporans of government commitment to sustaining necessary partnership with all relevant stakeholders.

“As I conclude my speech, I would like to assure you of the Federal Ministry of Housing and Urban Development’s commitment to sustaining the necessary collaborations, partnerships, and engagements with all relevant Stakeholders in the Housing and Urban Development sector, as we all work together towards ensuring the success of the Diaspora Housing Mortgage scheme, providing affordable housing, and ensuring sustainable urban development for Nigerians.”

Meanwhile, the Chairman/CEO of Nigerians in Diaspora Commission(NIDCOM), Hon. Abike Dabiri-Erewa, has urged Nigerians in Diaspora to catch in on the current opportunities by investing in the country, insisting that now is the best time to invest in Nigeria.

She said: “My dear guests seated here and online, I assure you that this is an exciting time to be doing business in Nigeria,and this Summit is a step in making investment and growth a reality, because as Nigerians both at home and in the Diaspora, we should always be conscious of the fact that Home is Home, and no one can develop Nigeria ike Nigerians.”

Dabiri-Erewa said in the quest of the Federal Government to go far in repositioning the economy, there was a need to partner with the Diaspora in achieving these goals.

She said: “His Excellency, President Bola Ahmed Tinubu who has just returned from attending the Saudi-Africa Summit made efforts to underscore Nigeria’s commitment to attracting more Diaspora direct investment and expand business partnerships, which are strongly reinforced by the administration’s ongoing domestic economic reforms.

“The summit is very appropriate because it creates innovative platforms of partnerships, between the Government and the Diaspora, in attracting investment into local businesses and thus enhancing Diaspora Direct Investment in the country,” she added.

FG to Establish National Land Commission
… Put in Place Model Mortgage Foreclosure Law

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Senegal President sacks Prime Minister Sonko, dissolves government amid growing tensions

Published

on

Senegal President sacks Prime Minister Sonko, dissolves government amid growing tensions

By: Zagazola Makama

Senegalese President Bassirou Diomaye Faye has dismissed Prime Minister Ousmane Sonko and dissolved the country’s government following months of growing political tensions between the two leaders.

The decision was announced late Friday through a presidential decree broadcast on state television.

According to the decree read by a presidential aide, President Faye “ended the duties of Ousmane Sonko and consequently those of the ministers and secretaries of state who are members of the government.”

No immediate replacement for Sonko was announced as of the time of filing this report.

The dismissal followed a parliamentary session earlier in the week during which Sonko openly criticised President Faye, further exposing divisions within the ruling political establishment.

Political observers said relations between the two leaders had deteriorated in recent months over issues relating to party leadership, governance direction and the management of state affairs.

Analysts noted that the development could introduce fresh political uncertainty in Senegal at a time the country is facing mounting economic pressures, including rising public debt and broader fiscal challenges.

The dissolution of the government is expected to trigger consultations within the ruling coalition ahead of the appointment of a new prime minister and cabinet.

Senegal has long been regarded as one of West Africa’s more stable democracies, but recent political tensions have continued to attract regional and international attention.

Senegal President sacks Prime Minister Sonko, dissolves government amid growing tensions

Continue Reading

News

Why the Diomaye–Sonko Split Became Almost Inevitable Amid Senegal’s Power Struggle

Published

on

Why the Diomaye–Sonko Split Became Almost Inevitable Amid Senegal’s Power Struggle

By: Zagazola Makama

The dismissal of Senegalese Prime Minister Ousmane Sonko by President Bassirou Diomaye Faye marks the culmination of a political rupture that many observers had long considered unavoidable.

What once appeared to be one of the strongest political alliances in contemporary Senegalese politics gradually evolved into a tense rivalry shaped less by ideology than by competing ambitions, institutional contradictions and the struggle for control of executive authority.

For months, tensions within the ruling camp had become increasingly visible. Though both men emerged from the same political movement and jointly embodied the rise of the PASTEF coalition against former President Macky Sall, the coexistence between a highly charismatic political mentor and a constitutionally empowered head of state proved difficult to sustain.

The crisis is anchored in a fundamental institutional reality:Senegal’s constitutional system ultimately concentrates executive legitimacy in the presidency.

While the Prime Minister exercises substantial governmental authority, the President remains the central pillar of executive power, deriving legitimacy directly from universal suffrage and serving as the supreme authority of the state.

Sources say that the conflict emerged because Sonko increasingly projected himself not merely as head of government, but as an alternative center of political gravity within the state apparatus.

Public speeches, political positioning and repeated demonstrations of personal influence created the perception that two competing executives were operating simultaneously within the same administration.

In highly presidential systems, such arrangements rarely survive for long.

Political theorists have often observed that leaders who attain supreme office tend to resist the emergence of rival figures whose popularity, influence or visibility may overshadow their own authority. The situation in Senegal increasingly reflected that classic tension between institutional legitimacy and political charisma.

Sonko’s political trajectory has long been built around a populist and confrontational style that resonated strongly with segments of Senegalese youth and anti-establishment voters. His appeal stemmed from a mixture of direct rhetoric, anti-system positioning, nationalist discourse and his ability to embody political resistance during years of confrontation with the former administration.

However, the same qualities that fueled his rise may also have contributed to his political isolation. Sourcds note that charismatic populist figures often struggle to adapt from opposition politics to the discipline and compromise required in governance. A political strategy built around constant confrontation can become difficult to reconcile with the institutional restraints of executive power-sharing.

Over time, Sonko appeared increasingly convinced that he remained the true engine behind the ruling coalition’s legitimacy and electoral success. That perception may have encouraged attempts to expand his political influence beyond the traditional boundaries of the prime ministerial office.

For President Diomaye Faye, allowing such an imbalance to persist carried political risks.

The removal of Sonko ultimately reaffirmed a basic constitutional principle, regardless of personal popularity, a Prime Minister remains subordinate to presidential authority in Senegal’s current institutional framework.

By dismissing his Prime Minister, Diomaye signaled that he intended to fully exercise the powers attached to the presidency rather than govern under the shadow of a more dominant political personality.

The decision may also represent an attempt to consolidate state authority, reassure institutional actors and prevent the emergence of dual centers of power capable of paralysing governance. Yet the move is not without danger.

Sonko still commands significant grassroots support and retains strong influence within sections of PASTEF and among politically mobilized youth constituencies. His removal could deepen divisions inside the ruling coalition and potentially reshape Senegal’s political landscape ahead of future elections.

One of the major questions now facing Senegalese politics is whether PASTEF can survive the split without suffering a major internal fracture. Political history across Africa shows that when alliances forged in opposition reach power, tensions often emerge over authority, succession and control of state institutions.

Some party officials and elected representatives may rally behind the President, who controls the state apparatus and constitutional legitimacy. Others may remain loyal to Sonko due to his personal popularity and historical role in the movement’s rise.

The outcome of that struggle could determine whether Senegal experiences a relatively stable political recomposition or enters a prolonged period of institutional tension.

Another key factor will be public sentiment. During years of opposition politics, confrontation and political mobilisation energized large sections of the electorate. However, governing presents different expectations. Many Senegalese citizens now appear increasingly concerned with economic management, institutional stability, governance reforms and social calm rather than perpetual political conflict.

That shift may strengthen Diomaye’s position if he succeeds in presenting himself as a stabilizing statesman capable of governing above partisan rivalries. At the same time, any perception that Sonko has been politically sidelined or unfairly neutralized could trigger renewed political mobilisation among his supporters.

The crisis illustrates a recurring lesson in political systems across the world. Conquering power together is often easier than sharing it afterward. The Diomaye–Sonko alliance was extraordinarily effective as an opposition force united against a common adversary. But once in office, the unresolved question of who truly embodied executive authority became increasingly difficult to avoid.

What began as political complementarity gradually transformed into institutional competition.

The final outcome remains uncertain. Diomaye may emerge stronger by consolidating presidential authority, or Sonko could retain enough political capital to remain a major force capable of reshaping Senegal’s future political balance.

Either way, the rupture marks a turning point in Senegalese politics and may redefine the future trajectory of one of West Africa’s most closely watched democracies.

Why the Diomaye–Sonko Split Became Almost Inevitable Amid Senegal’s Power Struggle

Continue Reading

News

Beyond the Frontline: Ashlee Momoh Foundation Restores Hope to Widows of Fallen Heroes

Published

on

Beyond the Frontline: Ashlee Momoh Foundation Restores Hope to Widows of Fallen Heroes

By Comrade Philip Ikodor

KADUNA – When a soldier falls in the line of duty, the echoes of the final salute eventually fade, but for the families left behind, a silent and grueling battle begins. While these brave men defended the nation’s sovereignty with courage, their widows are often left to navigate a minefield of poverty, trauma, and social isolation.

In a decisive move to address these challenges, the Ashlee Momoh Foundation (AMF) held a special outreach event at the Golden Orange Gate Hotel in Kaduna State on Thursday, May 21, 2026. The initiative sought to provide a lifeline to the families of departed heroes, framed not as charity, but as a profound national debt of gratitude.

The Chairperson and CEO of the Foundation, Princess Ashlee Momoh, emphasized that the AMF remains committed to ensuring no widow walks alone. She noted that the sacrifice of a soldier continues in the quiet hallways of homes where wives suddenly become sole providers.

“Many military widows face a daunting reality: sudden loss of income, housing insecurity, and a lack of access to specialized mental health support,” Princess Momoh stated. “Unless intentional interventions are made, these families remain trapped in a cycle of hardship that dishonors the legacy of the departed. Your story does not end in sorrow; it continues in purpose.”

Princess Momoh outlined the Foundation’s three strategic pillars designed to bridge the gap between loss and self-sufficiency:

Economic Independence: Providing small business grants, financial literacy, and vocational skills to restore dignity and autonomy.

Securing the Future: Offering scholarships and tuition assistance so that children do not pay for their fathers’ patriotism with their education. Emotional Fortitude: Establishing counseling and wellness groups to ensure widows are seen, heard, and sustained.

The Chairperson called for a “whole-of-society” approach, urging the government, private sector, and philanthropic organizations to join in collective action. While government intervention is pivotal, she noted that partnerships are essential to scaling the impact of these programs.

The event featured the distribution of empowerment gift items and the announcement of new scholarship awards. Prominent guests, partners and volunteers in attendance included Special Guests of Honor, Air Commodore Chris Dola (Rtd), PhD, and General Brown Yakubu (Rtd), CEO of Golden Orange Gate Hotel, both of whom delivered goodwill messages and also contributed immensely in support of the Foundation’s mission.

Beyond the Frontline: Ashlee Momoh Foundation Restores Hope to Widows of Fallen Heroes

Continue Reading

Trending

Verified by MonsterInsights