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Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
By: Michael Mike
The Real Estate Developers Association of Nigeria (REDAN) has said that home ownership would continue to be elusive to majority of Nigerians without a single digit financing opportunity.
Speaking at the Capacity Development Conference for Developers in Abuja, the President of the Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Wamakko said in order to achieve government housing plan for Nigeria, interest on loan for building purpose should be drastically lower to a single digit.
He said: “Finance is one of the essentials of our business, hence our focus on how to get facility to build homes at cost that the average Nigerian will be able to afford. We are keen on how our Members can secure long tenured and single digit debt financing without which home ownership will remain elusive, as it is a fact that real estate development is capital intensive and requires a lot of outlay.
He noted that the conference is aimed at capacity development for our REDAN members and has as theme: “Enhancing Investment and Finance Opportunities for Sustainable Real Estate Projects.”
Wamakko said: “The essence of this auspicious event is to further build the knowledge base of our members to be able to manage the multidimensional and multidisciplinary challenges involved in real estate business. It is also to increase our capacity to reduce waste and ensure timely delivery of projects. The knowledge from this conference will greatly help in reducing the incidence of building collapse as there is a specific session for the subtheme.”
He said: “We are concerned that our members comply with all extant laws and be ambassadors of improving and contributing to the growth of the national economy, hence we have invited relevant regulatory organisations to update members on Real Estate Developers Role in the emerging economy.”
Presenting a paper: “Who We Are! Building Collapse Prevention Guild,” the President of Building Collapse Prevention Guild, Yusuf Sulaimon, said the action of Lagos State Ministry of Physical Planning and Urban Development of introducing the Certified Accreditors Programme to increase manpower and increase professionalism in ensuring compliance to building regulations by developers and to help identify buildings that needs to be decommissioned before they end up collapsing, should be copied by other states to end instances of building collapse.
He also advised that REDAN should also create a monitoring team to monitor construction activities and ensure compliance with government regulations, the Standard Organisation of Nigeria (SON) needs to be proactive in ensuring that only quality building materials are in the market, each LCDA should have Building Artisans training Centers to equip the Artisans with requisite knowledge required.
Sulaimon also said the Building Code and Regulations should be amended to include civil punishment to those that flout the building code flagrantly, regular review and update of the building code and regulations to ensure that it is up to standard and best practices, corruption in the building plan approval processing should be frown upon such that developers build according to the plans approved by government.
He said the whistle blowers should be protected and ensure their reports are worked upon and rewarded, if possible, proper planning, supervision and monitoring of construction activities should be institutionalized by policy makers to ensure that all buildings are constructed according to design, specifications, and planning regulations, professionals in the building industry should maintain their integrity and professional ethics and work in accordance with standard practice procedures laid down by the standard form of building contracts especially when they play in the hands of ignorant clients.
Sulaimon equally said urban or town development agencies at various levels of government (Commission, Board, Authority) should enforce control of building works in their localities as laid down in urban and regional planning decree 88, of 1992 and as in section 13 of National Building Code 2006, there is need to organize periodic public awareness campaign through electronic and print media to sensitize the public on advantages of using professionals as the way of realizing safe buildings, and that all building professionals play key roles to actualize their respective obligations during building production, using the wrong professionals at any stage of the building process put the building in danger. It is the duty of the architect as the prime consultant to direct the client to use the right professionals. This he achieves by ensuring that the structural and services drawings brought to his office are stamped and signed by professionals registered by their respective professional bodies before proceeding to planning authority for “building permit”.
He added that soil investigation, material tests and environmental impact assessment (E.I.A) should be made compulsories for all institutional, industrial and commercial buildings.
Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
News
Jos DisCo offers Gombe Staff free medical care, drugs
Jos DisCo offers Gombe Staff free medical care, drugs
The management of Jos Electricity Distribution Company (JEDC) has conducted a free medical examinations as well as distributed free drugs to its staff in Gombe State Office, as part of its health advocacy to improve wellbeing of its employees and boost productivity.
As part of JEDC’s health initiative, a fitness walk was also organised on Saturday for all employees in Gombe State.
A fitness coach, Jauro Dauda, who led the walk urged officials of JED to prioritise regular exercise as part of efforts to maintain good health and boost productivity.
The exercise began at the company’s state headquarters, from where officials trekked to Pantami Stadium.
At the stadium, staff members participated in various physical exercises before returning to the office premises for medical examinations.
Speaking to participants, Dauda emphasised the need for a healthy lifestyle through eating nutritious foods and regular exercise.
“For you to function well, you need to keep your body fit. So I advise each and every one of you to create time at home. You can take your wife on a walk.
“The content of what we eat today can cause a lot of health issues like hypertension and diabetes. Knowing your health status is very important; knowing it is good to living long,” he said.
Also speaking, the Gombe State Operating Officer of JEDC, Rilwan Shehu, expressed satisfaction with the turnout and encouraged staff to sustain the culture of exercise beyond organised events.
“We are happy that we can exercise not only in the stadium; you can exercise at home,” Shehu said.
He added that the company operates an inclusive system that promotes unity among staff.
“We in JEDC operate an open-door policy; there is no junior or senior cadre. We do things together and we win together,” he said.
Jos DisCo offers Gombe Staff free medical care, drugs
News
Customs officer killed in gun attack after cannabis seizure in Ogun
Customs officer killed in gun attack after cannabis seizure in Ogun
By: Zagazola Makama
A senior officer of the Nigeria Customs Service (NCS), ASC Akinyode Mustapha, has been shot dead by unknown gunmen following the interception of a vehicle loaded with cannabis in Imeko area of Ogun State.
Sources told Zagazola Makama that a team of officers from the NCS Federal Operations Unit (FOU) Zone A, Ikeja, led by DSC Ogundana Oluwademi, had on Feb. 2, at about 11:40 p.m., intercepted a Sienna bus loaded with suspected cannabis at Oke-Agbede via Imeko.
The driver of the vehicle, however, escaped on foot.
“While the team was returning to Lagos with the seized exhibit vehicle, they came under gunfire by unknown assailants at the Immigration checkpoint, Idofa, Imeko,” the sources said.
The sources added that a bullet struck ASC Akinyode Mustapha, aged 50, during the attack.
He was immediately rushed to the General Hospital, Ilaro, where he was later confirmed dead by the medical doctor on duty.
Upon receipt of the report on Feb. 4 at about 3:30 p.m., security forces stormed the scene. No expended ammunition or cartridge was recovered at the location, and photographs of the scene were taken.
The team leader reportedly released the corpse to the deceased’s family for burial, while the seized exhibit vehicle had earlier been taken to the NCS base in Lagos.
The sources said preliminary investigation was ongoing to verify the claims and unravel the circumstances surrounding the attack.
Further developments will be communicated, the command said.
Customs officer killed in gun attack after cannabis seizure in Ogun
News
VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
***Assures all hands are on deck to restore peace, tranquility to Kaiama
***Says President Tinubu has directed NEMA to mobilise resources to support distressed communities
By: Our Reporter
The Vice President, Senator Kashim Shettima, has reaffirmed the determination of President Bola Ahmed Tinubu to ensure that peace and tranquillity are restored in Nuku and Woro villages in Kaiama Local Government Area of Kwara State in the aftermath of Tuesday’s attacks on the communities by terrorists.
He assured the people of the communities that while the President had ordered the deployment of a battalion of the Nigerian Army to Kaiama, all hands were already on deck to rid the affected communities and the entire state of insecurity.

Senator Shettima gave the assurance on Saturday when he led a Federal Government delegation to commiserate with the people of Kaiama Local Government and the Governor of Kwara State, Mallam AbdulRahman AbdulRazaq, over the deadly terrorist attack that claimed several lives.
The Vice President disclosed that President Tinubu has instructed the National Emergency Management Agency (NEMA) to mobilise all resources, in partnership with the Kwara State Emergency Management Agency, to provide succour and support to the distress communities.

“Your Excellency, we are here at the behest of President Bola Ahmed Tinubu to commiserates with you and the good people of Kaiama and Kwara State, by extension, over the tragedy that befell our communities of Woro and Nuku on the evening of Tuesday, February 3, 2026.
“That tragic killings had shocked Nigerians because the victims were peaceful members of the communities that were dedicated to building peaceful livelihood, while they practice their religion in the peaceful and harmonious manner that the injunctions of Islam has instructed,” he said
VP Shettima extended what he described as the heartfelt condolences of President Tinubu and the Federal Government to the government and those who lost their loved ones in the gory attacks, noting that all hands were already on deck to restore peace in the community.

“Please, accept our heartfelt condolences, on behalf of President Bola Ahmed Tinubu. A battalion of the Nigerian Army had been deployed to Kaiama and all hands are on deck to ensure that peace and tranquility is restored to those communities,” he assured.
The VP did not disclose the measures being taken to restore peace in the area, observing however that “security issues are sensitive issues and we do not have to divulge most of the actions that are being taken by our security establishment.
“But I’m here fundamentally to commiserates with the government and people of Kwara and the people of Kaiama, in particular, over the tragic loss of lives and to reassure the good people of the state of harmony. Our prayers are with you, our empathy is with you,” the Vice President added.
Earlier, Chairman of the North East Governors Forum, Governor Babagana Umara Zulum of Borno State, extended the condolences and sympathy of the North East Governors to the people and government of Kwara State over the tragedy.

He said, “As Muslims, we believe in destiny and it is our sincere hope that, by God’s grace, this act will not happen again. Our prayers are with you and it is our sincere prayer that Almighty Allah will forgive those that have lost their lives and grant them Aljannah firdaus,” Governor Zulum prayed.
Responding, the Governor of Kwara State, AbdulRazaq, applauded the swift response of the Federal Government to the incident, saying “as confirmed by the Local Government Chairman, troops are already on ground and the Operation Savannah Shield is in motion.
“As you can see, we were welcomed at the airport by the General Officer Commanding (GOC) Second Division of the Nigerian Army. A DIG is on ground. We truly appreciate the response of the Federal Government, and representatives of NEMA have been on ground since the incident happened.”
The Governor called for continued prayers for better a situation and better security in Nigeria, just as he said, “One is short of words and what to say but we will continue to support our President, the Vice President and our leadership for God to guide them in the affairs of this nation.”
Also, the Chairman of Kaiama local government area, Hon. Abdullahi Abubakar Danladi, expressed gratitude to President Tinubu and Vice President Shettima for the immediate deployment of a military battalion in the area, and thanked the Governor of Kwara state for his leadership.
On his part, the Emir of Kaiama, HRH Alhaji Mu’azu Shehu Omar, also applauded President Tinubu for the prompt action taken after the massacre that in Kaiama.
“We really appreciate the effort of President Tinubu. Since the incident happened on Tuesday, he has shown concerned toward us. The security personnel and other relevant agencies are adequately deployed to arrest the situation,” the traditional ruler said.
Other dignitaries present during the visit include the Director-General of NEMA), Zubaida Umar; Sen. Ali Mohammed Ndume; Managing Director, Niger Delta Power Holding Company Ltd (NDPHC), Eng. Jennifer Adighije; former Deputy Senate President, Senator Ovie Omo Agege, and members of Kwara State House of Assembly, among others.
VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
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