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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 Attends High-Level Meeting On Africa’s Health Security Sovereignty
VP Shettima Attends High-Level Meeting On Africa’s Health Security Sovereignty
By: Our Reporter
Shortly after his bilateral discussions with United Nations Secretary-General António Guterres, Vice President Kashim Shettima moved on to a high-level meeting on Building Africa’s Health Security Sovereignty on the sidelines of the African Union Summit in Addis Ababa, Ethiopia.
The session, organized by Africa CDC and fully supported by the Nigerian government, convenes African leaders and health policymakers to chart the path toward strengthening the continent’s health emergency preparedness, response systems, and pharmaceutical independence.

Joining the Vice President at the meeting are key Nigerian officials including the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, and Minister of Foreign Affairs, Amb. Yussuf Tuggar.
Other African health ministers in attendance include Dr. Ibrahim Sy of Senegal, Madalisto Baloyi of Malawi, and Dr. Mekdes Daba of Ethiopia.
VP Shettima Attends High-Level Meeting On Africa’s Health Security Sovereignty
News
ISWAP suspected in Baga abduction of five civilians
ISWAP suspected in Baga abduction of five civilians
By: Zagazola Makama
Five civilians were abducted on Feb. 12, 2026, by suspected Boko Haram/ISWAP terrorists in Doro Baga, Kukawa Local Government Area, Borno State, the Police Command reported.
Sources disclosed that the victims, Alhaji Sani Boyi, Bullama Dan Umaru, Baba Inusa, Abubakar Jan Boris, and Mallam Shaibu, were taken while purchasing fresh fish at a local market around 7:00 a.m.
The troops of Sector 3 Operation HADIN KAI, Civilian Joint Task Force (CJTF)/hunters immediately responded to the incident.
Relevant intelligence has been gathered, and search and rescue operations are ongoing to secure the release of the victims.
ISWAP suspected in Baga abduction of five civilians
News
Is Russia Immune to Media Scrutiny in Africa?
Is Russia Immune to Media Scrutiny in Africa?
•Press freedom, sovereignty and Africa’s refusal to be silence
By Oumarou Sanou
A dangerous precedent is emerging across Africa’s diplomatic and media landscape: the public targeting of individual journalists by foreign missions for simply asking difficult questions. The recent pattern of responses from the Russian Embassy in Nigeria toward African journalists and media platforms raises deeper concerns, not only about geopolitics but also about press freedom, sovereignty, and the dignity of African voices.
Bullying a single African journalist through official diplomatic channels is not merely a disagreement; it is an intolerable affront to free expression. Journalism exists to question power, whether domestic or foreign. When embassies shift from presenting facts to publicly discrediting individuals, the implication is clear: criticism will be punished personally rather than debated professionally. Today it is one journalist; tomorrow it could be an entire media ecosystem.
In recent months, respected outlets, including Premium Times, THISDAY, The Guardian Nigeria, and Leadership Newspaper, have faced unusually harsh diplomatic rebukes after publishing critical analyses. Prominent commentators such as Azu Ishiekwene and Richard Akinnola, as well as Oumarou Sanou, have also been singled out. Instead of counter-evidence, the response has often been personal accusations and insinuations of hidden sponsors. That approach undermines constructive dialogue and erodes trust in diplomatic engagement.
Let us be clear: journalists are human and can make mistakes. Professional reporting welcomes correction. If the facts are incorrect, present evidence, make the data open, and allow readers to judge. Insults, calumny and attempts to destroy professional reputations are not rebuttals; they are attempts to silence scrutiny. No foreign government should expect immunity from questioning on African soil.
Africa’s position in the evolving global order must remain principled and independent. Africans are not invested in the confrontation between Russia and the West; it is not our war. A genuine Pan-African perspective demands equal scrutiny of all external powers. If tomorrow credible evidence emerges that Britain, France, America, China or any other actor is recruiting Africans into foreign conflicts under deceptive pretence, the same criticism must apply. The principle is simple: African lives are not expendable tools in geopolitical struggles.

Reports of African nationals—including Nigerians—fighting and dying thousands of miles away in foreign wars raise serious ethical and security questions. Whether through informal networks, deceptive job offers, or shadow recruitment channels, African citizens are being drawn into conflicts that do not belong to them. Journalists who expose these risks are not attacking any nation; they are protecting their fellow Africans from exploitation and preventable tragedy.
Kenya’s recent stance offers a compelling example. Kenyan authorities publicly condemned the recruitment of their citizens into foreign conflicts and moved to close illegal agencies while seeking diplomatic explanations. That response signals a broader African awakening: governments must prioritise the safety and dignity of their citizens over the sensitivities of powerful partners. Nigeria and other African states would do well to adopt similar vigilance.
Beyond individual cases lies a deeper philosophical question. Neocolonialism today is not defined by flags or territorial control but by influence, dependency and narrative domination. Great powers—East or West—sometimes behave as though African voices must align with their geopolitical agendas. This assumption is unacceptable. Africans have their own interests, challenges and aspirations. We are not puppets in anyone’s strategic theatre.
Respect in diplomacy must be reciprocal. If a foreign embassy publicly attacked a journalist by name inside Moscow, Paris or Washington, would it be considered acceptable conduct? Sovereignty demands mutual respect, not selective outrage. African countries deserve the same diplomatic courtesy that global powers expect at home.
At the same time, African journalism must remain grounded in professionalism and evidence. Responsible reporting strengthens credibility and protects the integrity of public discourse. But professionalism cannot thrive in an atmosphere of intimidation. When journalists are targeted individually, the chilling effect extends far beyond the targeted individual; it discourages others from investigating sensitive issues of public concern.
The response from Africa’s media community must therefore be collective. Silence in the face of intimidation risks normalising it. Journalists, editors and civil society organisations should stand together to defend the right to ask difficult questions without fear of diplomatic retaliation. Protecting a single journalist ultimately concerns protecting the profession and safeguarding the democratic space.
Africa’s future in a multipolar world will depend on its ability to engage all partners while remaining fiercely independent. That independence begins with intellectual sovereignty: the freedom to question everyone and align with no external agenda. Whether criticism targets Russia, Western nations or any other power, the standard must remain consistent: facts over propaganda, dialogue over intimidation, and mutual respect over coercion.
No nation is above scrutiny. No African journalist should be silenced for doing the work that democracy demands.
Oumarou Sanou is a social critic, Pan-African observer and researcher focusing on governance, security, and political transitions in the Sahel. He writes on geopolitics, regional stability, and African leadership dynamics. Contact: sanououmarou386@gmail.com
Is Russia Immune to Media Scrutiny in Africa?
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