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

COAS charges troops to flush bandits from forested areas as he vows “No safe haven for terrorists in Nigeria”

Published

on

COAS charges troops to flush bandits from forested areas as he vows “No safe haven for terrorists in Nigeria”

By: Zagazola Makama

The Chief of Army Staff (COAS), Lt. Gen. Waidi Shaibu, has declared that bandits and other criminal elements would no longer find refuge in Nigeria’s forests, deserts or national parks, as he charged troops to intensify operations and flush them out of all hideouts.

Shaibu gave the charge on Monday while addressing soldiers and officers of the 2 Division of the Nigerian Army, in Ibadan during an operation visit.

The COAS commended the officers and soldiers for the successes recorded within their area of responsibility, while urging them to sustain the momentum.

“We must let them know that there is no safe haven anywhere. Come rain, come sun, forested areas, desert areas or mountainous areas, we are going after them,” the Army Chief said.

According to him, criminal groups had continued to exploit difficult and forested terrains to launch attacks on innocent citizens, stressing that such advantages would no longer be tolerated.

The COAS directed troops to intensify night operations, noting that dominance of the terrain especially forested zones was critical to denying bandits freedom of movement and operational space.

Shaibu specifically pointed to security challenges around the Kwara general area, Kainji Lake National Park and the Old Oyo National Park, saying firm directives were being issued to ensure that all criminal elements were flushed out of the areas.

“Directives are coming up so that you go and clear everything in that place. We are moving with ruthless determination to eliminate all those disturbing that terrain,” he said.

He praised the General Officer Commanding (GOC) and other senior officers for their leadership, saying the operational briefing he received reflected determination and clear focus.

The Army Chief urged officers to continue to lead from the front, describing leadership as a decisive factor in sustaining operational superiority and achieving victory over adversaries.

Shaibu also expressed satisfaction with the morale and responsiveness of the troops, adding that he expected more tangible results from the 2 Division area of responsibility in the coming days.

On welfare, the COAS assured officers and soldiers that their well-being remained a top priority for Army Headquarters, pledging that entitlements would be paid promptly and logistical needs addressed.

He disclosed that approval had been granted for additional renovation and construction of accommodation within barracks under the division to ease existing accommodation pressure.

“You will be given all you require, and all your entitlements will be paid as and when due,” Shaiwo assured the troops.

He added that sustained discipline, motivation and improved welfare were indispensable to maintaining operational superiority against bandits and other criminal elements threatening communities across the region.

COAS charges troops to flush bandits from forested areas as he vows “No safe haven for terrorists in Nigeria”

Continue Reading

News

Jubilation as Borno Emerges Winner of the male category of the 2025 National Qur’anic Competition

Published

on

Jubilation as Borno Emerges Winner of the male category of the 2025 National Qur’anic Competition

By: Bodunrin Kayode

There was massive jubilation at the convocation square of university of Maiduguri as Borno State emerged as the winner in the male category of the National Qur’anic Recitation Competition tagged, ‘Borno 2025’.

Announcing the results over the weekend, the Director of the Centre for Islamic Studies at Usman Dan Fodio University, Sokoto, Professor Abubakar Yelwa, declared Musa Ahmed Musa of Borno as the winner of the male category of the competition.

Also after a ten day stiff competition, in the unimaid campus, the winner of the female category was also Hafsat Muhammad Sada of Kano State

The ten day competition, which is the 40th in the series since inception, saw 296 contestants from 30 states competing across six categories to win grand prizes.

In his remark, Borno State Governor, Professor Babagana Zulum, stated that the successful hosting of the 2025 Qur’anic competition signalled the return of peace to the state.

He noted that the event symbolised the people’s commitment to peace, education, and the pursuit of knowledge which were key factors of development.

“To host this milestone 40th edition is not just an honour for Borno State, it is a profound affirmation of our enduring commitment to peace, education and the noble pursuit of knowledge, particularly the divine wisdom contained within the Holy Qur’an.

“Borno State remains resolute in its mission to rebuild, restore peace and prioritise education, both secular and religious.

“The successful hosting of this national event is a clear signal to the world. Borno is back, Borno is safe and Borno is a centre for learning and spiritual growth,

“To those who have emerged as the ultimate champions in their respective categories, I offer my most profound congratulations.

“Your success is not merely a victory in a competition, it is a crowning achievement born of countless hours of discipline, commitment, and reverence for the Word of Allah.

“And to every young man and woman who participated, who stood before the judges and recited from the Holy Book, I want you to know that you are all winners.

“The true spirit of this competition lies not just in the prizes won, but in the noble pursuit of knowledge and the courage to participate.” Said Zulum.

Governor Zulum also expressed appreciation for the support of the Vice President, Senator Kashim Shettima; his wife, Hajiya Nana Shettima; Governors and their deputies; royal fathers; Usman Dan Fodio University; and other prominent personalities who contributed to the success of the occasion.

Also speaking, Prof Attahiru Jega Pro Chancellor, Usman Dan Fodio university Sokoto said he believes that the whole exercise is about knowledge passed from generation to generation adding that the 40th celebration of the activity is a celebration of excellence that is worthwhile.

Chair of the local organizing committee (LOC) and secretary to the Borno State government, Tijani Bukar said he was excited that the program ended in peace and those who participated were happy with the officiating and entire conduct of the occasion.

The event was attended by Wife of the Vice President, Hajiya Nana Kashim Shettima; the Governor of Katsina State, Alhaji Dikko Umoru Radda; the Sokoto State Deputy Governor; the Shehu of Borno, Alhaji Abubakar Ibn Umar Garbai El-Kanemi; other traditional rulers; members of the National and State Assemblies; the APC Deputy National Chairman; commissioners; Islamic scholars; and other dignitaries.

High points of the event was the presentation of gifts to the winners by wife of the Vice President, Hajiya Nana Kashim Shettima.
End

Continue Reading

News

Sunday Olatuyi: NUJ Demands Prosecution of Killer Driver

Published

on

Sunday Olatuyi: NUJ Demands Prosecution of Killer Driver

By: Michael Mike

The Nigeria Union of Journalists (NUJ), FCT Council has called for the prosecution of the reckless driver who killed one of its members, Sunday Olatuyi of Advocate Broadcasting Network (ADBN Television).

The Council in a statement by its Secretary, Comrade Jide Oyekunle, said it received with shock and deep sorrow the untimely death of one of its committed members, Mr. Sunday Olatuyi, who lost his life after being hit by a Toyota Corolla with the registration number ABUJA RBC 128 AM at Lugbe Bus Stop, Abuja.

According to the Secretary, the unfortunate incident occurred on Saturday night, December 20, 2025, at the Lugbe Bus Stop, where he was reportedly knocked down by a reckless driver while heading home after closing from work.

He was said to have been accompanied by a friend at the time of the incident.

Olatuyi, aged 40, hailed from Odo-Oro Ekiti, Ikole Local Government Area of Ekiti State. He is survived by his wife, a seven-month-old daughter, Eniola, and his aged mother.

Until his death, Olatuyi worked with Advocate Broadcasting Network (ADBN Television) as a Senior Cameraman. He was formerly with Ben TV.

The statement read: “It is a painful loss to the NUJ FCT family and to all who knew him as a dedicated professional and union man. His commitment to the ideals of journalism and his active participation in union activities will be greatly missed. His passing leaves a vacuum that will be difficult to fill.

“Mr. Olatuyi’s untimely death is tragic and unfortunate, especially given the circumstances surrounding the incident, and it calls on the relevant authorities to ensure that justice is served.

“The NUJ FCT Council condemns in strong terms the circumstances that led to this tragic incident and expresses grave concern over the growing cases of reckless driving and disregard for human lives on our roads, particularly within the Federal Capital Territory.

“In view of this unfortunate development, the Council demands an immediate, thorough, and transparent investigation into the incident and calls on the Nigeria Police Force to promptly prosecute the driver involved in accordance with the law. Justice must not only be done but must also be seen to be done, to serve as a deterrent to others.

“The NUJ FCT Council extends its heartfelt condolences to the immediate family he left behind, the management and entire staff of ADBN Television, the Correspondents’ Chapel, the Society of Practicing Cameramen, as well as friends and colleagues of the deceased.

“The Council assures the bereaved family of its solidarity and support during this difficult time and pledges to continue following up on the case until justice is served. May his gentle soul rest in perfect peace. Amen.”

Sunday Olatuyi: NUJ Demands Prosecution of Killer Driver

Continue Reading

Trending

Verified by MonsterInsights