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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
Jubilation as Borno Emerges Winner of the male category of the 2025 National Qur’anic Competition
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
News
Sunday Olatuyi: NUJ Demands Prosecution of Killer Driver
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
News
Tinubu commissions Borno’s projects, says Zulum’s performance exceptional
Tinubu commissions Borno’s projects, says Zulum’s performance exceptional
By: Michael Mike
President Bola Ahmed Tinubu on Saturday commissioned three newly constructed mega schools and a fleet of 620 fully electric vehicles and tricycles delivered by the governor of Borno State, Professor Babagana Umara Zulum.
During the commissioning ceremony, which was performed separately, President Tinubu commended Governor Zulum for his transformative leadership.

The president said: “I congratulate the Governor and the people of Borno State for this transformation. Government is all about people, and Professor Zulum is doing a very good job of caring for people.”
The president highlighted the projects as tangible evidence of effective governance and a blueprint for holistic state development.
The commissioned schools include Mafoni Day Secondary School, Bola Ahmed Tinubu Government Day Secondary School and Mafoni Primary School.
They are part of Governor Zulum’s ambitious 104 Mega School Initiative designed to drastically improve access to quality education and rebuild the sector after over a decade of insurgency.
Each of the facilities is equipped with modern classrooms, laboratories, libraries, sports facilities and an administrative complex to create a conducive learning environment.

The president also commissioned the international terminal of the Muhammadu Buhari International Airport, Maiduguri, in preparation for the commencement of international operations.
Governor Zulum, in his response, expressed gratitude for the federal government’s support and reiterated his administration’s commitment to rebuilding Borno’s infrastructure, economy and human capital.
The event was attended by federal and state officials, traditional rulers and community leaders.

President Tinubu concluded his state visit by attending the wedding ceremony of former Borno State Governor Sheriff’s son, conducted at the Maiduguri Central Mosque.
Tinubu commissions Borno’s projects, says Zulum’s performance exceptional
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