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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
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
By Hamza Suleiman
Pascal Tigri, the lieutenant-colonel at the center of the recent foiled coup in Benin, has reportedly been located in a ministerial residence in Niamey, Niger, in close proximity to the presidential palace and the Directorate-General of Documentation and External Security (DGDSE), multiple regional sources have confirmed.
Tigri is believed to have been in the villa since December 12, following a carefully orchestrated escape route that spanned several West African capitals.
Sources indicate that after the failed coup attempt in Cotonou on December 7, Tigri fled to Lomé, Togo, before boarding a private Beechcraft 100 D aircraft to Ouagadougou, Burkina Faso, on December 12. The aircraft, operated by Liza Transport International (LTI) Aviation, a subsidiary of the Burkinabè company Ebomaf owned by businessman Mahamadou Boukoungou, subsequently transferred Tigri to Niamey the same evening.
Regional intelligence suggests that Ouagadougou may have functioned as a “command and control hub” for the attempted coup, in alleged coordination with elements in Niger. Investigators in Benin have also raised concerns about the movements of other mutinous soldiers who reportedly fled Lomé on December 16 aboard the same LTI aircraft.
According to sources, the flight transponder was deactivated while crossing Bénin airspace, and verification with the National Civil Aviation Agency indicated the flight may have been cleared with a falsified authorization. These developments have intensified suspicion of external interference and potential complicity by regional actors.
Tensions between Bénin and Niger have escalated in recent weeks. President Abdourahamane Tiani of Niger has previously accused Bénin of harbouring groups engaged in terrorism, allegedly with external support. The failed coup, alongside unusual troop movements observed near the Bénin-Niger border on December 6, has further strained relations.
Notably, intelligence indicates that two units of the Nigerien Armed Forces were deployed to Gaya, Niger, two days before the coup, under orders from the Chief of Army Staff, General Mamane Sani Kiao. The units, dispatched from Maradi, were positioned near the Niger-Benin border, prompting questions about their intended mission, whether to escort sensitive convoys or monitor the activities of Tigri and his collaborators. After the coup’s failure, the Nigerien troops withdrew.
Sources close to the investigation reveal a pattern of discreet meetings, financial support, and communications linking Tigri and his affiliates with Nigerien intermediaries believed to be aligned with Nigerien authorities loyal to the transition government of General Abdourahamane Tiani. These contacts reportedly extended to operational planning and intelligence sharing, further complicating the regional security environment.
The presence of Tigri in Niamey, reportedly in a villa housing senior government officials including the Prime Minister and foreign advisors, mirrors the high-risk nature of his concealment. Reports indicate that Bala Arabé, head of Niger’s DGDSE, recently moved into a nearby city villa, further reinforcing suspicions of possible protection or surveillance by state actors.
In Bénin, authorities continue to pursue multiple leads, including tracing financial flows, and other classified intelligence. Video messages circulated by activist Kemi Seba in the immediate aftermath of the attempted coup suggest that some actors were forewarned, leading to an international warrant for Tigri and other suspected collaborators.
Nigeria, through intelligence sharing and diplomatic engagement, has played a stabilising role, working closely with Bénin authorities to monitor the crisis and prevent escalation. The swift and strategic deployment of Air and ground troops along the border played a pivotal role in limiting the potential fallout of the coup. Again, the deployment and surveillance along Gaya further prevented an escalation into a broader regional crisis. Nigeria’s proactive involvement exemplifies its commitment to safeguarding democratic governance and regional stability in West Africa.
The episode has drawn attention to vulnerabilities in border security, aviation oversight, and intelligence coordination in the sub-region. The intricate escape route, alleged cross-border support networks, and the covert operations surrounding Tigri signals the continuing challenges in preventing the spread of political instability as well as insecurity.
The presence of Tigri in Niamey, coupled with previous intelligence intercepts, continues to fuel speculation regarding Niger’s role, direct or indirect. The incident also exposed vulnerabilities in private aviation oversight and cross-border security, which called for the need for tighter controls to prevent the movement of rogue actors.
Meanwhile, sources confirmed that Bénin continues to pursue investigations into the escape of Tigri and other mutineers, with international warrants reportedly issued against key figures implicated in the attempted coup. For now, Tigri’s presence in Niamey continues to be a focal point of diplomatic and intelligence scrutiny in West Africa.
Nigerien authorities have not issued official statements regarding the presence of Tigri on their territory.
Benin coup plotter Pascal Tigri traced to Niger, as accusing fingers pointed at President Tchiani
News
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
By: Zagazola Makama
At least 13 members of the Nigerien security forces were killed in an attack by suspected armed militants on 17 December 2025 in Goubey, located about ten kilometres from Dioundiou in the Dosso region, sources confirmed.
Zagazola learnt that the victims include three police officers, one National Guard attached to the joint departmental and border patrol of Dioundiou, and nine members of the Nigerien Armed Forces (FAN) from the Karakara-based Damissa operation.
One officer from Damissa sustained serious injuries.
In addition, two vehicles were destroyed in the attack, including one belonging to the departmental patrol and another from the Damissa unit.
Security forces have reportedly launched follow-up operations to track the assailants and secure the area.
No group has claimed responsibility for the attack.
13 Nigerien security forces killed by terrorists in Goubey attack, several injured
News
Woman found dead in Maitama residence, FCT
Woman found dead in Maitama residence, FCT
By Zagazola Makama
A woman has been found dead in her residence at Federal Housing Authority (FHA) Maitama, Abuja
Sources said that Hajiya Fanna Mohd Abare, who had been unresponsive for about two days, was discovered in a decomposed state by her sister, Hajiya Aisha Mongo, on December 17 at about 1700 hours.
The door to the room had been locked, and it was forced open before the body was found.
Police detectives were dispatched to the scene. Due to the advanced state of decomposition and to prevent potential public health hazards, the Abuja Environmental Health Department was contacted, and the body was subsequently evacuated for burial at Gudu Cemetery.
Police sources said “No foul play is suspected in the incident”.
The sources said that investigations are ongoing to officially determine the cause of death.
Woman found dead in Maitama residence, FCT
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