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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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FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

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FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

By: Michael Mike

The Federal Government has unveiled plans to expand Nigeria’s mobile and digital connectivity beyond its borders as part of a broader strategy to strengthen national security and lower the cost of internet services across the region.

The initiative was disclosed on Monday during the second edition of the Nigerian Satellite Week 2026 held in Abuja and organised by Nigerian Communications Satellite Limited.

Speaking at the event, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, said the Federal Government plans to extend Nigeria’s fibre-optic network into neighbouring countries as part of efforts to modernise digital infrastructure and tackle security challenges.

According to him, the administration of Bola Ahmed Tinubu is investing in about ninety thousand kilometres of fibre-optic infrastructure that will connect Nigeria with neighbouring countries including Cameroon, Niger, Burkina Faso and Chad.

Tijani explained that the regional connectivity project would help reduce the cost of internet capacity in neighbouring countries, where the price of connectivity is significantly higher than in Nigeria.

He noted that while the project would improve digital access and affordability, it would also support national security operations along the country’s borders.

“This fibre network will also provide opportunities for the military because it will run across our borders, which means we will have stronger capabilities for fibre sensing and surveillance,” the minister said.

He also highlighted Nigeria’s strategic advantage as the only country in West Africa operating its own communications satellite through Nigerian Communications Satellite Limited, noting that the platform plays a critical role in providing connectivity to remote and underserved communities.

According to Tijani, satellite infrastructure supports sectors such as agriculture, education, business and security, especially in areas where terrestrial networks are limited.

He commended President Tinubu for approving the acquisition of additional satellites, describing the move as a strong demonstration of the government’s commitment to building future-ready digital infrastructure.

The minister added that investments in infrastructure must be accompanied by practical applications capable of driving real development outcomes.

“Satellite technology is a powerful enabler, particularly in the area of security,” he said.

In her welcome remarks, the Managing Director of Nigerian Communications Satellite Limited, Jane Nkechi Egerton-Idehen, said the event reflects Nigeria’s growing commitment to harnessing space technology for national development.

She highlighted initiatives such as Project 774, which aims to provide satellite-enabled connectivity to all local government areas in Nigeria, ensuring that rural and underserved communities are not left behind in the country’s digital transformation.

Egerton-Idehen also noted that the agency is strengthening its global partnerships, including collaborations with Eutelsat and the Kenya Space Agency, while Nigeria currently serves as Vice Chair of the Global Satellite Operators Association.

She explained that the role allows Nigeria to participate actively in shaping international satellite policy and spectrum management discussions.

Also speaking at the event, the Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, emphasised the importance of satellite technology in strengthening communication systems and supporting critical services.

According to him, satellite infrastructure has become vital for communication, emergency response, education, security and broader technological advancement.

The Nigerian Satellite Week 2026 brings together policymakers, industry leaders, researchers and innovators to explore opportunities within the satellite and digital infrastructure ecosystem.

Participants say the event provides a platform for collaboration aimed at positioning Nigeria as a leading force in Africa’s rapidly expanding digital and satellite economy.

FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

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VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

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VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

By: Our Reporter

Vice President Kashim Shettima has commiserated with former Governor of Kaduna State, Mallam Nasir El-Rufai, over the death of his mother, late Hajiya Fatima Umma.

The Vice President who paid the El-Rufai family at their Abuja residence called for collective effort in uniting the nation aside political differences.

Senator Shettima prayed for the repose of the soul of the late matriarch of the El-Rufai family.

The late Hajiya Fatima Umma El-Rufai passed away on Friday, March 27, 2026 in Cairo, Egypt, at the age of 96.

The Vice President was received by former Governor of Bauchi State, Ahmad Adamu Muazu; former Chief of Army Staff, General Abdurrahman Dambazau; Abdullahi Sarkin Gobir Adiya, and the member Representing Kaduna North, Bello El-Rufai, Bashir El-Rufai.

VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

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Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

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Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

By: Michael Mike

Stakeholders from government, the organised private sector, development agencies, and civil society have called for stronger collaboration and expanded financing to accelerate the adoption of energy-efficient and cleaner production practices in Nigeria’s industrial sector.

The call was made on Monday during a special project-specific interactive session and Efficiency Champions Competition organised under the Global Environment Facility and United Nations Industrial Development Organization Industrial Energy Efficiency and Resource Efficient and Cleaner Production project in Abuja.

The event brought together representatives of industries, non-governmental organisations, financial institutions, policy makers, and members of the media to review the progress of the initiative and explore opportunities for expanding sustainable industrial practices across the country.

Speakers at the session emphasised that improving energy efficiency and reducing waste in industrial operations are essential for lowering production costs, boosting competitiveness and promoting environmentally responsible manufacturing.

Opening the session, the project leadership said the initiative had recorded significant progress in promoting industrial energy efficiency and resource-efficient production methods within Nigeria’s manufacturing sector.

According to the National Project Coordinator, GEF-UNIDO IEE and RECP Project, Jacob Oladipo revealed that the project has supported capacity building programmes, cleaner production assessments, policy engagement and innovative financing mechanisms designed to help industries reduce energy consumption while improving productivity.

He explained that the project had demonstrated that sustainable industrial practices are not only environmentally responsible but also economically beneficial to businesses.

The session also provided an opportunity for stakeholders to review the outcomes of the project and identify lessons that could support the wider adoption of energy-efficient technologies and cleaner production systems across industries.

In a goodwill message delivered on behalf of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Mr. Kunle Fadare said the initiative was both timely and strategic for Nigeria’s industrial growth.

He noted that the industrial sector accounts for more than thirty per cent of the country’s total energy consumption but still operates far below optimal efficiency levels.

Fadare said studies have shown that improvements in energy efficiency within Nigerian industries could lead to savings of between twenty and forty per cent in energy use.

He added that such gains would translate into reduced production costs, improved competitiveness and lower greenhouse gas emissions.

He also highlighted the environmental implications of industrial waste, noting that Nigeria generates more than thirty-two million tonnes of solid waste annually, a significant portion of which originates from industrial activities.

According to him, adopting resource-efficient and cleaner production practices would not only reduce waste but also strengthen long-term business sustainability.

Fadare further praised the Efficiency Champions Competition, describing it as an important platform for recognising businesses that are taking concrete steps toward sustainable production.

He said the initiative would help showcase best practices and encourage other companies to adopt energy-efficient technologies.

Global trends, he added, show that markets increasingly favour environmentally responsible production systems, particularly as access to international markets becomes tied to sustainability and environmental compliance.

He therefore urged Nigerian businesses to proactively embrace energy efficiency and cleaner production practices to remain competitive in regional and global markets.

Also speaking, the Global Environment Facility desk officer commended the collaboration among stakeholders involved in implementing the project.

The official expressed appreciation to the United Nations Industrial Development Organization for providing technical guidance and to the Manufacturers Association of Nigeria for supporting the implementation of the initiative.

The desk officer also acknowledged the role played by various government ministries, departments and agencies, as well as the Department of Pollution Control and Environmental Health, in advancing the project’s objectives.

According to the official, the interactive session was designed to allow stakeholders to examine emerging issues related to energy use in industries, share experiences, address challenges and identify opportunities for improvement.

The official stressed that sustainable economic growth requires strong collaboration among government, industry, development partners and civil society.

Participants were therefore encouraged to actively contribute ideas and insights that could help strengthen the implementation of energy-efficient industrial practices in Nigeria.

Representatives of the organised private sector also highlighted the need to scale up financing mechanisms that support industries seeking to adopt energy-efficient technologies.

They noted that while progress had been made through innovative financing models and technical support programmes, wider adoption would require increased investment, stronger policy support and continued capacity building for industries, particularly small and medium enterprises.

Stakeholders agreed that the engagement of the organised private sector, non-governmental organisations and the media would be critical in sustaining the momentum generated by the project.

They emphasised that awareness creation, knowledge sharing and policy advocacy would play key roles in expanding the adoption of energy-efficient and cleaner production practices across Nigeria’s industrial landscape.

Participants expressed optimism that stronger collaboration among stakeholders would help accelerate the transition toward a more efficient, competitive and environmentally sustainable industrial sector in Nigeria.

Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

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