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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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Nigeria, Iran Pledge to Strengthen South–South Cooperation

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Nigeria, Iran Pledge to Strengthen South–South Cooperation

By: Michael Mike

Nigeria and Iran have reaffirmed their commitment to deepening South–South cooperation and expanding bilateral relations, as officials, diplomats, and subnational leaders gathered in Abuja to mark the 47th anniversary of Iran’s Islamic Revolution.

Speaking at the event, Iranian Ambassador to Nigeria, Gholamreza Mahdavi Raja, described the anniversary as an opportunity to reflect on Iran’s journey since 1979 and to strengthen partnerships with friendly nations like Nigeria.

“The Islamic Revolution of Iran was not merely a transfer of political power; it marked the beginning of national sovereignty, popular governance, and the restoration of the dignity and independence of the Iranian nation,” he said.

Raja highlighted Iran’s achievements over the past four decades despite regional and global challenges, citing progress in science and technology, healthcare, industrial production, infrastructure, and non-oil exports. He also emphasized Iran’s commitment to balanced diplomacy, dialogue, and multilateralism, positioning the country as a responsible actor on regional and global stages.

On bilateral relations, Raja noted that Nigeria held a strategic position in Iran’s Africa policy, while Iran’s expertise in energy, industry, agriculture, healthcare, technology, and education made it a reliable partner for Nigeria’s development goals. “The deepening of friendly relations between Iran and Nigeria will not only serve the national interests of both countries but will also strengthen South–South cooperation and contribute to global peace and development,” he said.

Representing the Nigerian government, Ambassador Bukar Buni Hamman, Director of the Regions Department at the Ministry of Foreign Affairs, conveyed goodwill to Iran on the anniversary. He acknowledged the growth of economic ties between the two nations in sectors such as energy, agriculture, manufacturing, and consumer goods, highlighting opportunities for further diversification under South–South cooperation.

Nigeria, Iran Pledge to Strengthen South–South Cooperation

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NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

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NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

By: Michael Mike

The Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has congratulated three Nigerians of global acclaim — Shaboozey, Tyler, the Creator, and Cynthia Erivo — on their landmark victories at the 2026 Grammy Awards.

In a statement issued on Tuesday, Dabiri-Erewa described the Grammy wins as a moment of immense pride for Nigeria, noting that the achievements underscore the far-reaching impact of Nigerian talent and heritage on the world’s biggest cultural stages.

She said the success of Shaboozey, born Collins Obinna Chibueze; Tyler, the Creator, born Tyler Gregory Okonma; and award-winning actress and singer Cynthia Erivo, born Cynthia Chinasaokwu Onyedinmanazu Amarachukwu Owezuke Echimino Erivo, reflects the creativity, resilience and excellence deeply rooted in Nigerian identity.

According to Dabiri-Erewa, their recognition at one of the world’s most prestigious music awards goes beyond individual accomplishment, representing a collective celebration of Nigerians and people of Nigerian descent across the global diaspora.

She also acknowledged the continued global influence of Nigeria-based artistes such as Davido, Burna Boy, Ayra Starr and Wizkid, whose works have helped elevate Nigerian music and culture on the international stage.

The NiDCOM boss stressed that despite being based abroad, the Grammy-winning artistes remain unmistakably Nigerian in heritage, family history and cultural identity, adding that their success continues to amplify Nigeria’s rich cultural footprint worldwide.

Dabiri-Erewa urged Nigerians at home and in the diaspora, as well as the media and cultural institutions, to embrace a more inclusive definition of national pride — one that recognises Nigerian excellence wherever it emerges.

She noted that celebrating the achievements of Nigerians in the diaspora strengthens national unity, enhances Nigeria’s global image and serves as inspiration to younger generations aspiring to make their mark internationally.

The 2026 Grammy Awards saw several milestones for artistes of Nigerian heritage, further reinforcing Nigeria’s growing influence in global music and entertainment.

NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

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ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

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ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

By: Michael Mike

The Economic Community of West African States (ECOWAS) has launched a pilot initiative aimed at strengthening economic empowerment and digital peacebuilding among women in Benue State, as part of efforts to address the prolonged humanitarian and displacement crisis in North-Central Nigeria.

The project, implemented through ECOWAS’ Directorate of Trade and the Directorate of Humanitarian and Social Affairs in partnership with the Benue State Government, targets women-led community-based organisations working on Women, Peace and Security (WPS) in conflict-affected communities.

The launch coincided with the start of a five-day capacity-building programme running from February 9 to 13, featuring a Training of Trainers (ToT) for 12 participants drawn from community-based organisations, civil society groups and internally displaced persons (IDP) camps.

The trained participants are expected to cascade the knowledge through step-down sessions that will reach at least 60 women and girls in selected IDP camps and host communities across the state.

The initiative responds to the persistent displacement and humanitarian challenges in Benue State and aligns with the state’s Durable Solutions Action Plan, which prioritizes sustainable reintegration of displaced persons through livelihood recovery, peacebuilding and community resilience.

ECOWAS said the pilot recognises the critical role played by women-led grassroots organizations in mobilising communities, promoting social cohesion and advancing peace in areas affected by conflict. The project is designed to strengthen their institutional capacity while equipping conflict-affected women and girls with practical economic and digital skills.

Anchored in ECOWAS Vision 2050, the Trade and Gender Action Plan and the ECOWAS E-Commerce Strategy (2023), the pilot integrates economic empowerment, digital literacy and digital peacebuilding through a cascade training model. Trained WPS organizations will deliver step-down sessions directly within IDP camps and host communities.

Speaking at the opening ceremony, ECOWAS Director Dr. Sintiki Tarfa-Ugbe described the initiative as a strategic intervention that empowers women-led organizations to drive durable solutions at the grassroots while harnessing digital tools to promote inclusion, resilience and peace.

She noted that strengthening women’s economic agency and digital capacity is essential to building sustainable peace in fragile and displacement-affected communities.

In her remarks, the Secretary to the Benue State Government, Barrister Aber Serumum Deborah, commended ECOWAS for the initiative, saying it would reinforce grassroots peacebuilding efforts and enhance women’s participation in implementing the state’s Durable Solutions Action Plan.

According to her, the project will also contribute to livelihood recovery for women and girls affected by conflict, while strengthening community ownership of peace and reintegration processes.

The pilot will be implemented over a two-month period, beginning with preparation and adaptation of training modules, followed by training delivery, monitoring and documentation. ECOWAS said the initiative is expected to produce a scalable model that can be replicated across other Member States in the region.

The launch ceremony was attended by representatives of the Benue State Government, humanitarian and displacement-response agencies, civil society organisations, non-governmental organisations, internally displaced persons, as well as officials from ECOWAS and the International Organization for Migration (IOM).

ECOWAS said the initiative underscores its commitment to placing women and girls at the centre of durable solutions and sustainable peacebuilding in West Africa, leveraging digital innovation to address immediate recovery needs while laying the foundation for long-term regional impact.

ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

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