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Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN

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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

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Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions

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Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions

By: Michael Mike

The Embassy of the Federal Republic of Nigeria in the State of Kuwait has urged Nigerian nationals in Kuwait and Bahrain to remain calm, vigilant, and compliant with host government ldirectives in light of prevailing regional developments.

In a circular dated March 1, 2026, and referenced NKT/GA/C/004/Vol. I, the Embassy — which holds concurrent accreditation to the Kingdom of Bahrain — advised citizens to strictly observe safety guidelines and official advisories issued by authorities in both countries.

The mission encouraged Nigerians to stay informed by monitoring credible local news outlets and official government announcements in Kuwait and Bahrain. It assured the community that it is closely tracking the situation and maintaining communication with leaders of Nigerian groups and associations in both countries.

To enhance real-time communication, the Embassy announced the creation of a dedicated mobile and WhatsApp line to ensure active engagement with nationals.

For further inquiries or assistance, Nigerians were advised to contact the Embassy via email at nigeriakuwait@yahoo.com or through the designated telephone and WhatsApp numbers provided by the mission.

The Embassy reaffirmed its commitment to the safety and welfare of all Nigerian citizens in its jurisdiction and pledged to continue providing timely updates as the situation evolves.

Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions

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Gov. Fintiri’s defection will boost APC’s chances of winning in 2027 – Dr Girei

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Gov. Fintiri’s defection will boost APC’s chances of winning in 2027 – Dr Girei

Dr Salihu Bakari Girei, Gubernatorial aspirant under the platform All Progressives Congress (APC) in 2027 described the defection of Governor Ahmadu Fintiri to the ruling party as a welcome development for the APC in the state.

Girei said that his defection is coming at the right time to galvanise the party’s victory in 2027 General Elections at the national and sub national level.

Dr Girei who is one of the founding fathers of the APC in the state disclosed this in an interview with newsmen in Yola.

He said, Fintiri joined APC at the right time considering his outstanding performance in the state which he said was in line with President Tinubu’s transformation agenda.

He added that the defection would add value to the APC family and also help deliver dividends of democracy to the ordinary people that are yearning for good governance as well as to fast-track development.

He said Fintiri has performed credibly well, in line with his 10-point agenda for the state to justify the people’s trust in his leadership and administration.

Dr Girei further lauded President Bola Tinubu for his effort and strategy in addressing Nigeria’s challenges for and ensuring rapid development.

He said, “President Tinubu is very strategic in addressing Nigeria’s challenges and many now understood that Mr President meant well for this country and has turned the fortune of the country around for good.”

According to him, records have shown that the dollar has crashed, the economy stabilized, security improved, food is affordable and issues of strikes are no more among others.

Bakari-Girei said, all these are factors that naturally attract people joining the APC across the country for more development in the country.

He queried those saying that President Tinubu is turning the country into a one-party system, recalling that the PDP once had 30 governors and no one complained.

“Today people have decided to join APC because of many factors initiated by the President Tinubu administration that naturally attracted people to join APC and support Mr President.”

He pointed to President Tinubu’s history as governor of Lagos, where opposition platforms continued to function, as evidence of his commitment to multi-party democracy.

He also appreciated the foresight of the President for appointing Malam Nuhu Ribadu, National Security Adviser who has invested much in APC in the state.

He further urged unity and understanding of all APC stakeholders in the state for the progress and success of the party at all levels.

Gov. Fintiri’s defection will boost APC’s chances of winning in 2027 – Dr Girei

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Community Court of Justice, ECOWAS Moves to Boost Enforcement of Judgments with High-Level Talks in Republic of Guinea

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Community Court of Justice, ECOWAS Moves to Boost Enforcement of Judgments with High-Level Talks in Republic of Guinea

By: Michael Mike

The Community Court of Justice, ECOWAS will hold a high-level bilateral meeting in the Republic of Guinea from March 2 to 4, 2026, as part of efforts to strengthen the enforcement of its judgments across Member States.

The three-day engagement, organised in commemoration of the 50th anniversary of the Economic Community of West African States, is expected to bring together the Court’s delegation, Guinea’s Competent National Authority (CNA), senior government officials, and representatives of civil society to address persistent challenges in implementing the Court’s rulings.

At the heart of the meeting is the push to close the gap between judicial decisions and their execution at the national level. While the ECOWAS Court continues to deliver landmark judgments on human rights, governance, and community law, enforcement remains a critical concern in several jurisdictions. The Guinea dialogue is aimed at building a more effective, coordinated, and transparent enforcement framework.

Discussions will focus on practical strategies to improve compliance rates, streamline procedures, and strengthen collaboration between national institutions and the regional court. Participants are expected to review existing bottlenecks, share best practices, and identify sustainable solutions that can enhance uniformity in enforcement mechanisms across the sub-region.

The programme will include a dedicated forum examining the current status of enforcement of the Court’s judgments in Guinea, alongside presentations on the Court’s enforcement processes and the national legal landscape. Civil society organisations will also engage directly with the Court in a bilateral dialogue designed to promote accountability and inclusive participation.

Beyond the technical sessions, the Court’s delegation will pay courtesy visits to key government figures, including the Minister in charge of ECOWAS Affairs, the Minister of Justice, the Minister of Finance, the President of the Supreme Court, and the Speaker of Parliament. Meetings are also scheduled with the Chairperson of the Human Rights Commission and the President of the Bar Association.

The delegation will be led by the President of the Court, Ricardo Cláudio Monteiro Gonçalves, and will include Vice-President Sengu Mohamed Koroma, Honourable Justice Gberi-Bè Ouattara, as well as directors and other officials.

Similar bilateral meetings have previously taken place in the Republic of Sierra Leone and the Federal Republic of Nigeria, reflecting the Court’s broader strategy to institutionalise cooperation and reinforce the authority of its judgments throughout West Africa.

As ECOWAS marks five decades of regional integration, the Guinea engagement signals a renewed determination to ensure that the decisions of its judicial arm are not only pronounced but fully implemented—strengthening the rule of law and deepening trust in regional justice systems.

Community Court of Justice, ECOWAS Moves to Boost Enforcement of Judgments with High-Level Talks in Republic of Guinea

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