News
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
AT PRESIDENT QUATTARA’S INAUGURATION:
AT PRESIDENT QUATTARA’S INAUGURATION:
** VP Shettima Reaffirms Nigeria’s Commitment To Regional Stability, Peace
** As World Bank hails Nigeria’s reforms, pledges more partnership in energy, job creation, gender empowerment
By: Our Reporter
Vice President Kashim Shettima on Monday witnessed the inauguration and swearing-in ceremony of President Alassane Ouattara for another term in office as President of Côte d’Ivoire in Abidjan, where he reaffirmed Nigeria’s continued commitment to regional peace and stability.
This is just as the World Bank has applauded the reform policies of the administration of President Bola Ahmed Tinubu, pledging to heighten its partnership with the nation on energy, job creation and gender empowerment initiatives.

At the presidential inauguration that brought together West African leaders and international dignitaries in Abidjan, VP Shettima who represented President Bola Ahmed Tinubu also conveyed the warm congratulations of the Nigerian leader to President Ouattara on his swearing-in.
The inauguration took place at the Presidential Palace, where President Ouattara took the oath of office, pledging to prioritise national reconciliation and economic stability as he begins another term leading the West African nation.

Speaking on behalf of President Tinubu, the Vice President expressed confidence in President Ouattara’s continued leadership and wished him success in his new mandate.
Senator Shettima reaffirmed Nigeria’s commitment to deepening the strong partnership between both nations and working together to advance peace, stability, security, and prosperity across the West African region.
The Nigerian Vice President noted that both countries will further strengthen their economic ties through agriculture and trade relations.
In his inaugural address, President Ouattara thanked all visiting leaders who came to show solidarity and friendship with the I’voirans, promising to continue to work for the well-being of his citizens and engage more robustly in diplomatic relations for mutual benefits.
Other leaders who attended the event include the Presidents of South Africa, Liberia, Senegal, Gambia, Angola, Ghana amongst others, and former Nigerian President, Dr. Goodluck Jonathan.

The United States was represented by a Presidential Delegation led by Under Secretary of State for Economic Affairs, Jacob Helberg. High-level personalities and delegates from ECOWAS and other nations also graced the occasion.
Meanwhile, the World Bank has applauded the reform policies of the administration of President Bola Ahmed Tinubu, pledging to heighten its partnership with the nation on energy, job creation and gender empowerment initiatives.
The global financial institution stated this on Monday in Abidjan, Cote d’Ivoire, when Vice President Shettima received in audience the Managing Director, Operations, of the World Bank Group, Ms. Anna Bjerde, on the sidelines of the presidential inauguration.
He told Ms Bjerde that the administration of President Bola Ahmed Tinubu, from inception, had to contend with negative impact of the oil subsidy regime on the economic growth of the country, just as he outlined the positive results of the administration’s bold reforms.
The VP further told the World Bank Director that the ongoing tax reforms of the Tinubu administration has yielded positive result, saying “we have crossed the Rubicon.”
He pointed out that though the impact of the reforms may have been painful at the initial stage, it has started showing the dividends, even as he said in order to turn the demographic bulge into demographic dividends, the administration is focusing on gender empowerment initiative, investments in the digital economy and agriculture for enhanced productivity.
The Vice President commended the World Bank team for being supportive to Nigeria.
Earlier, the Managing Director, Operations, of the World Bank Group, Ms. Bjerde, commended Nigeria for taking pragmatic initiatives to position the country on the right path.
Noting that the World Bank is willing to partner more on energy, she said, “First, on energy, we’re stepping up on a number of possibilities to ensure that about four million people are connected.”
Ms. Bjerde also revealed that her group will encourage and enhance upliftment and education of the girl-child in Nigeria.
AT PRESIDENT QUATTARA’S INAUGURATION:
News
Workshop for SAs reflects administration’s commitment to effective leadership—Governor Buni
Workshop for SAs reflects administration’s commitment to effective leadership—Governor Buni
By: Yahaya Wakili
Yobe State Governor Hon. (Dr.) Mai Mala Buni CON has revealed that the training workshop for Special Advisers reflects the administration’s commitment to effective leadership and quality service delivery.
Governor Buni started this while launching a four-day training workshop for special advisers in Kano. Adding that the training workshop aimed at boosting efficiency and promoting good governance.
The governor, ably represented by his deputy, Hon. Idi Barde Gubana (Wazirin Fune), said that the event was crucial for deepening governance effectiveness and improving policy coherence.
According to him, the workshop will also enhance service delivery across the executive team, particularly for those serving as key policy and strategic aides, and he noted that the special advisers play a vital role in policy formulation and implementation.
“The training will address practical areas, especially conflict management, collaborative engagement, communication strategy, ethical leadership, and teamwork among advisers.” Gov. Buni said.
The Secretary to the Yobe State Government, Alhaji Baba Mallam Wali mni, ably represented by the Permanent Secretary, Administration and General Services, Alhaji Madu Gashu’a, revealed that the program aims to enhance collaboration between political and administrative officers.
The training workshop is expected to enhance the participants’ effectiveness and contribute to the overall success of the administration.
Workshop for SAs reflects administration’s commitment to effective leadership—Governor Buni
News
Benue Takes Decisive Step to Strengthen Climate Governance Framework
Benue Takes Decisive Step to Strengthen Climate Governance Framework
Benue State has taken a decisive step to strengthen its climate governance framework, signalling a renewed commitment to addressing the growing environmental challenges facing the state.
The state government has identified prioritizing stronger institutional capacity and legislative leadership as key drivers for building long-term climate resilience.
At the one-day training on climate change, themed “Strengthening Legislative Leadership for Developing Climate Change Resilience and Carbon Budgeting in Benue State,” top government officials, members of the 10th State House of Assembly, and international development partners gathered in Abuja to deepen climate awareness and equip lawmakers with the tools to drive effective policies.
The training emphasized the critical role of informed legislation in institutionalizing carbon budgeting, promoting sustainable development, and safeguarding Benue’s future against escalating climate threats.
In his keynote address, the Executive Governor of Benue State, His Excellency Rev. Fr. Dr. Hyacinth Iormem Alia, represented by his Secretary, Dr. Emmanuel Chenge, raised concern over the increasing exposure of the state to climate-related disasters, noting that frequent flooding, erratic rainfall, rising temperatures and biodiversity loss now threaten agriculture, infrastructure and rural livelihoods.
He said: “Benue State, known as the Food Basket of the Nation, bears a disproportionate vulnerability to climate change.
“We have witnessed increasing frequency of floods in Makurdi, Agatu, Guma, Logo, Katsina-Ala and other riverine LGAs; erratic rainfall affecting crop yield; rising temperatures impacting water security and the health of our people; as well as degradation of forest landscapes and biodiversity.”
Chenge added that the effects of climate change are already eroding the state’s economic foundations, insisting that: “When climate disasters strike, it is our farmers, our women, our youth and our rural communities who suffer the most.
“Our food production systems are exposed, our infrastructure is weakened and our social stability is endangered. We cannot afford to treat this as a distant problem—its impacts are already at our doorstep.”
He called for urgent legislative action, emphasizing that the House of Assembly holds the power to set the pace for the state’s climate transition stating that “Climate governance begins with strong laws, effective oversight and a clear budgeting framework, you as lawmakers, have the power to strengthen the Benue State Climate Change Law so it evolves with global best practices, you can institutionalize carbon budgeting systems, legislate climate-smart land use and demand accountability from MDAs. With your leadership, we can turn challenges into opportunities for green development.”
He further stressed that climate resilience must be mainstreamed into all sectors. “Every ministry must begin to think climate. Every local government must plan with climate in mind, and every future development blueprint must place environmental sustainability at its core, out survival as a people depends on the decisions we make today.” He noted .
The country Director of International Alert Nigeria, Kingsley Udo, highlighted the need for unified climate leadership, describing the gathering as a strong demonstration of the state’s readiness to confront climate-related risks.
He said: “I am delighted to see such a rich gathering of stakeholders committed to strengthening climate governance in Benue State, your presence reflects a shared commitment to ensuring that our institutions, communities and governance structures work together in confronting the realities of climate change.”
He emphasized that climate change is fast becoming a major driver of conflict if left unaddressed.
He noted that “In Benue, Nigeria’s food basket, erratic rainfall, flooding, prolonged dry seasons and land degradation are contributing not only to environmental stress but also to heightened competition over land, water and livelihoods.”
He explained that: “Climate pressure, if unmanaged, becomes a conflict trigger, that is why proactive climate governance is no longer optional; it is essential for long-term peace.”
Udo also highlighted International Alert’s decades-long work in peacebuilding and governance reform.
“International Alert has worked for over 30 years globally and nearly two decades in Nigeria helping communities find peaceful solutions to conflict, we have partnered with governments, civil society and security agencies to develop responsive policies and strengthen institutional capacity. Our commitment to Benue is rooted in our belief that peace and climate security must go hand in hand.” He said .
He called on lawmakers to take a central role in implementing the Climate Change Act noting that: “As lawmakers, your leadership is indispensable,The Act will remain a document unless you translate it into real, actionable and well-resourced policies. Your oversight, your budgeting decisions and your engagement with your constituencies determine how far Benue will go in building resilience.”
Udo added further that the state cannot wait for disasters before taking action.
“We must move from reaction to prevention, the time for hesitation is over , the climate is changing faster than our systems are adapting,this meeting marks an important step toward bridging that gap.”he said .
The Director General, Benue State Council On Climate Change (BSCCC), Aondofa Mailumo identified the climate situation in Benue as severe and escalating. Shifting rainfall patterns, flooding, rising temperatures, erosion, declining soil fertility and the struggle of farmers signal that the state is approaching a dangerous threshold. The food system—not just the environment—is under threat. This urgency forms the foundation for why legislative action, financing and coordinated climate governance are essential.
He said: “Benue State, the food basket of the nation, is increasingly confronted with environmental realities that threaten the economic lifeline of its people. Farmers are struggling, food production is declining, and our communities are facing heightened vulnerability. These growing impacts highlight the urgent need for climate action.”
The DG emphasized that no climate initiative policy, plan, or strategy,can succeed without the backing of the State Assembly. Laws must create structure, continuity, accountability and enforcement without legislation, climate plans remain intentions; with legislation, they become enforceable frameworks capable of driving real change.
He further noted that the key legislative responsibilities include providing legal backing for the Climate Change Law and its Action Plan, institutionalizing carbon budgeting across government operations, mandating climate risk assessments for public projects, ensuring consistent climate reporting by MDAs, and approving sustainable budgetary provisions for adaptation and mitigation initiatives.
He said: “Without supportive legislation, climate policies remain aspirations. With strong laws, they become instruments for real transformation. The Legislature has the power to institutionalize carbon budgeting, mandate climate risk assessments, and safeguard the climate agenda of Benue State.”
He revealed that the major barrier to climate action is inadequate financing , current budget allocations are intermittent and insufficient, while the scale of climate threats demands sustained, predictable funding.
The DG stressed that Benue must diversify its financing sources to include domestic, international, private sector and community-level channels. This blended finance model is essential for moving from planning to implementation.
“Climate action requires huge financial resources that government alone cannot shoulder, to move from planning to implementation, we must expand our financing landscape tapping into domestic, international, private-sector and community-level climate finance,” he said.
Beyond challenges, the DG said climate change must be used as an opportunity for transformation, noting that with effective mitigation and adaptation strategies, Benue can strengthen agriculture, promote green innovation, create jobs and build long-term resilience Climate action, therefore, is not only defensive but also developmental.
“Mitigation and adaptation represent an opportunity to reduce climate risks, drive sustainable development, protect livelihoods, and promote green innovation in Benue State. This is our chance to build a resilient future,” he said.
Participants agreed that the state legislature must anchor climate governance by enacting responsive laws, mandating climate risk assessments and ensuring transparent use of climate funds.
The meeting concluded with a collective commitment from government leaders, lawmakers and development partners to prioritize climate action as a central pillar of Benue’s long-term development strategy. Stakeholders emphasized that while technical solutions are essential, they must be complemented by strong political will, effective legislation and continuous capacity building with strengthened legislative leadership and continued collaboration with partners such as International Alert, Benue State appears poised to chart a more resilient, climate-responsive and sustainable path for its citizens.
Benue Takes Decisive Step to Strengthen Climate Governance Framework
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