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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
VP Shettima Welcomes Schoolnet’s Offer To Introduce Smart Class Solutions For Nigerian Schools
VP Shettima Welcomes Schoolnet’s Offer To Introduce Smart Class Solutions For Nigerian Schools
*Asks India tech firm to work with FG officials on workability of learning package
By: Our Reporter
The Vice President, Senator Kashim Shettima, has welcomed the offer by Schoolnet India Ltd & Learnet Skills Ltd to partner with the Nigerian government and private sector entities to implement its KYAN smart class solutions in Nigerian schools.
He said the project, which aims to digitally transform education by introducing interactive smart boards and digital content to improve learning outcomes, will be very beneficial to primary and secondary schools in Nigeria if domesticated with local content.
The Vice President, who spoke on Monday when he received a team from Schoolnet India Ltd & Learnet Skills Ltd led by its Managing Director/CEO, Mr. RCM Reddy, described the KYAN smart class solutions as a rugged package with the capacity to deliver.
He asked the Schoolnet Ltd team to liaise with relevant officials of the federal government of Nigeria to deliberate on how to domesticate the learning package by integrating local content for Nigerian schools.

Senator Shettima cited the smart school initiatives in Edo and Enugu, two states he said have invested heavily in smart schools, saying that integrating such indigenous ideas and KYAN smart class solutions into a single unit will significantly benefit Nigerian schools.
He recalled the use of KYAN smart class solutions to teach students in Borno State while he was Governor of the state, pointing out that such innovations would revolutionise Nigeria’s education system.
“The beauty of KYAN is that it is a very rugged machine. You can use one card to teach 70 students. If you are to buy a tablet per student, the highest you will target are higher institutions or senior secondary school.
“I am more interested in your package for primary schools and secondary schools like you did in Borno. In Borno you even did for tertiary institutions but now, tertiary can be replaced with TBET.
“So, you can package it well so that we can have a domesticated version. Honestly speaking, the Indian version of English is different from our own. Maybe you can use AI to customize it to our own local curriculum,” the VP stated.
Earlier, the Managing Director and Chief Executive Officer of SchoolNet India Limited, Mr Reddy, said the company is highly inspired by the Nigerian government’s vision to adopt technology in classrooms.
In the company’s bid to leverage the vast educational opportunities in Nigeria, he explained that they are offering a very unique solution—“a school in a box,” also known as Kyan, describing the technology as all-in-one.
Highlighting the features of the innovation, he said, “It has an integrated projector and a high-end computer. It converts any wall into a smart board and has a camera. It comes preloaded with digital content for grades 1 to 10.
“And it also uses AI where the internet is available. Where it is not available, all the content is preloaded inside this ‘school in a box’.”
Mr Reddy further noted that if deployed, the Kyan innovation will have a significant impact on teachers’ performance in Nigeria.
He recalled that the Kyan technological solutions were introduced in Borno State when Vice President Shettima was Governor, noting that teachers in the state were trained to use it.
As advised by the Vice President, the Schoolnet MD promised to work closely with Nigerian officials to design an integrated solution suitable for Nigerian communities, including schools located in remote areas without internet connectivity as well as those where internet is available.
“We are very committed to developing a solution customized for Nigeria. If used properly, with the entire ecosystem in place in a holistic manner, an average teacher will become a good teacher. A good teacher will become a very good teacher. A very good teacher can become a star teacher,” he assured.
End
News
EU Warns of Rising Foreign Information Manipulation
EU Warns of Rising Foreign Information Manipulation
By: Michael Mike
The European Union has warned that the surge in foreign information manipulation and disinformation poses a growing threat to Nigeria’s democracy, media integrity, and public trust.
The warning was issued on Monday in Abuja during a one-day capacity-building workshop on Foreign Information Manipulation and Interference (FIMI) organised for members of the Diplomatic Correspondents Association of Nigeria (DICAN).
Delivering the opening remarks, the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot said false or misleading information—whether generated for political influence, commercial benefit, or malicious deception—has become one of the most destabilising forces shaping public discourse globally.
He added that the consequences are particularly severe when disinformation is deliberately designed to deceive and then disseminated to unsuspecting citizens.
He noted that the media remains a pillar of democratic society, and any erosion of its credibility directly threatens governance and social stability. “When people lose faith in such a critical institution, democracy is at risk, and society itself becomes gravely endangered,” he warned.
Mignot stressed that journalists sit at a high-risk intersection within the information chain because they decide what reaches the public. For this reason, he said, they often become primary targets of manipulation campaigns. Once the media is misled, he explained, the entire society becomes vulnerable to deception.
He highlighted the dual role that both journalists and diplomats share in preserving credibility. “If we want to remain reliable, we must ensure that the information we disseminate is accurate,” he added.
The envoy while stating that emerging technologies have made communication faster and more accessible, however warned that they have also created sophisticated tools capable of falsifying or recreating realities with ease.
He noted that deepfakes, doctored videos, manipulated images, and AI-generated content now circulate with a level of authenticity that makes them difficult to distinguish from legitimate information.
He referenced a 2024 report by the European Parliament showing that 85% of people globally are worried about disinformation’s impact on their societies, while 87% believe it has already distorted political life.
Mignot noted that Nigeria faces similar challenges. Citing a 2020 Centre for Democracy and Development report, he said disinformation in the country has grown to unprecedented levels, aggravating existing ethnic and religious divisions. With information now spreading rapidly across text, audio, memes, images, and videos, the nation’s traditional “rumour mill” has gained powerful new tools.
The EU outlined a range of interventions designed to strengthen media literacy and counter disinformation in Nigeria and across West Africa. These include monitoring disinformation campaigns, especially those targeting elections, and enhancing media literacy through nationwide training programmes.
Earlier this year, the EU facilitated fact-checking training for members of the Nigerian Guild of Editors in Lagos and continued to support Nigeria’s leading fact-checking platforms, including Dubawa. It has also sponsored Nigerian journalists to attend advanced trainings in Europe, including missions to conflict areas such as Ukraine.
Mignot reaffirmed the bloc’s commitment to partnering with civil society organisations, media institutions, and youth groups to reinforce public access to credible information.
Mignot revealed that revealed that members of DICAN were chosen for the workshop, as they play a crucial role in interpreting foreign information for domestic audiences. Their reporting on international affairs, including EU activities in Nigeria, places them at a critical junction between global narratives and national understanding.
He acknowledged DICAN’s demonstrated interest in combating disinformation, recalling the association’s earlier engagement with the Ministry of Foreign Affairs in July.
The EU cautioned that organised disinformation campaigns in West Africa—including those that glamorise anti-democratic actors—continue to erode peace and stability in the region. Nigeria, he said, must remain vigilant against efforts to distort public perception or undermine the credibility of democratic leadership.
The workshop aims to equip journalists with tools to recognise and counter foreign information manipulation, strengthen newsroom verification processes, and improve the resilience of the Nigerian media space.
EU Warns of Rising Foreign Information Manipulation
News
Bandits in veils attack Tudun-Fulani community, shoot woman in failed abduction attempt
Bandits in veils attack Tudun-Fulani community, shoot woman in failed abduction attempt
By: Zagazola Makama
A group of armed bandits and insurgents, disguised in veils, attacked Tudun-Fulani village near Bangi in Niger State, shooting and injuring a woman during an attempted abduction, the police said on Monday.
Zagazola report that the incident occurred on Nov. 29 at about 10 p.m. when about six armed men stormed the community and targeted one Hadiza Alh. Mande, who attempted to flee for safety. The attackers shot her as she tried to escape.
A combined team of policemen and vigilantes was immediately mobilised to the scene. The victim was rushed to the General Hospital, Bangi, where she is responding to treatment.
The attackers fled before the arrival of security personnel. The police said frantic efforts are ongoing to track down the suspects and bring them to justice.
The authorities urged residents to remain vigilant and promptly report suspicious movements to security agencies to support ongoing counter-banditry operations in the area.
Bandits in veils attack Tudun-Fulani community, shoot woman in failed abduction attempt
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