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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
Security forces Conduct Show of Force In Jos, Bukuru During Church Services
Security forces Conduct Show of Force In Jos, Bukuru During Church Services
By: Zagazola Makama
Joint Security forced in Plateau State on Sunday conducted a joint show of force across major flashpoints within Jos metropolis and the Bukuru general area to ensure peaceful church services and strengthen public confidence.
The operation involved troops of Operation Enduring Peace, personnel of the Nigerian Air Force 551 Station, Operation Keystone, the Nigeria Security and Civil Defence Corps (NSCDC), and other security agencies.
Security sources said the exercise commenced at about 7:30 a.m. and was aimed at denying criminal elements freedom of action while providing adequate security coverage during church services.
The coordinated patrols and visibility operations covered identified vulnerable areas and strategic locations within Jos and Bukuru.
According to the sources, the operation was conducted without any security breach or incident, while religious activities across the affected areas remained peaceful.
The security agencies reaffirmed their commitment to sustaining collaborative operations aimed at maintaining law and order as well as protecting lives and property in Plateau State.
Security forces Conduct Show of Force In Jos, Bukuru During Church Services
News
Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
Nigeria recorded a major triumph at the 24th CAA Senior Athletics Championship in Accra, Ghana, as teenage athletes Rosemary and Miracle delivered a stunning performance to win gold for the country in the women’s 4x100m relay event.
The young stars, both students of NTIC Secondary School, helped Team Nigeria clinch the gold medal with an impressive time of 42.94 seconds, further underlining the country’s growing strength in athletics.
Their victory also secured Nigeria a ticket to the World Championships in Gaborone, while guaranteeing qualification for the 2027 World Championship in China.
The feat was particularly remarkable for Rosemary, who was making her senior debut for Nigeria at the continental championship.
Sports enthusiasts have since praised the duo for proving that age is no barrier to excellence, with many describing their performance as a glimpse into the bright future of Nigerian athletics.
Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
News
The Role of Intelligence in the Nigeria-US Joint Counter-Terrorism Operations That Neutralized Top ISWAP Commander, Fighters
The Role of Intelligence in the Nigeria-US Joint Counter-Terrorism Operations That Neutralized Top ISWAP Commander, Fighters
By Augustine Aminu
On Friday, May 16, 2026, the world was jolted by news of the killing of top commander of the Islamic State’s West Africa Province (ISWAP), Abour Mainok and several other fighters. Also known as Abu Bilal al-Minuki, and considered the second-in-command of ISIL (ISIS) globally, the top terrorist commander was reportedly killed during a joint Nigeria-U.S. Counter Terrorism operation in Metele, Borno State.
Ever since the elimination of al-Minuki, considered one of the biggest blows in recent times to terrorists in the world over, torrents of encomium have been pouring in for the Nigeria -U. S. joint terrorism operations.
Posting on his Truth Social handle, U. S. President Donald Trump, wrote, “Brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield,”
Al-Minuki, added President Trump, “thought he could hide in Africa, but little did he know we had sources who kept us informed on what he was doing.”
On his part, President Bola Tinubu stated that both countries had “recorded a significant example of effective collaboration in the fight against terrorism”.
Early assessments indicate that al-Minuki, along with “several of his lieutenants,” were killed during a strike on his compound in Metele, Borno State,” Tinubu said.
“Nigeria appreciates this partnership with the United States in advancing our shared security objectives,” he added. “I extend my sincere gratitude to President Trump for his leadership and unwavering support in this effort,” he added.
A few days after President Trump praised Nigerian Intelligence services for helping to hunt down Abu-Bilal al-Minuki, a man he described as “the most active terrorist in the world,” US Air Force General, Dagvin R.M. Anderson, Commander of U.S. Africa Command, also spoke glowingly of Nigeria’s Intelligence services.
Remarked Anderson, “The Nigerians have been instrumental throughout the last several months, developing the target, helping us with the Intelligence and providing support. So, it could not have been done by our own Forces. We needed to do that in conjunction with them.”
Security sources who analyzed President Trump’s terse statement, alongside that of the to head of AFRICOM, General Anderson, were quick to point out that the “sources” who kept the United States and Nigerian Armed Forces informed of the movements of al-Minuki and his fighters, may be none other than Nigeria’s Intelligence agencies: the Department of State Services (DSS), the Nigerian Intelligence Agency (NIA), and Defence Intelligence Agency (DIA).
Interestingly, six days before al-Minuki’s elimination, something crucial to the fight against terrorism happened in one North central town, well over 1,100 kilometres away from Metele, Borno State, where al-Minuki and over 175 of his fighters would meet their Waterloo.
Just as DSS, NIA and DIA operatives were helping US and Nigerian troops monitor the movement of Al-Minuki and his fighters around the Lake Chad region, a set of DSS operatives covertly captured a notorious leader of one of ISWAP’s critical cell in Nigeria . His name is Abdulrahman Ozovieh Muhammad alias Abu Ghozi.
Abu Ghozi, security sources believe, masterminded the December 2020 attack on a military checkpoint in Okene, killing two naval personnel and carting away their weapons.
Additionally, Abu Ghozi is believed to have masterminded the 11th March, 2021 bank robbery at Okuku, in Oda-Atin LGA of Osun State; carried out several attacks on police formations in Okene, Okehi and Adavi LGAs. He didn’t spare security checkpoints along Okene-Auchi, Okene –Kabba and Okene-Ajaokuta roads.
Also believed to be behind several kidnaps, including the October 2025 kidnap of a Chinese national in Okpella, Edo State, during which eight personnel of the Nigerian Security and Civil Defence Corps (NSCDC) were killed, is Abu Ghozi.
In January, 2026, his group reportedly attacked and burnt down the house of the Chief Priest at Uhodo area of Okehi LGA. Members of his suspected terrorist group were, before his arrest by the DSS, reportedly set to attack detention facilities in Kainji and Abuja, to release detained members of their group.
Security sources believe that Abu Ghozi’s capture by DSS officers may have greatly helped the Nigerian Intelligence Services (DSS, NIA and DIA) gather further Intelligence that was ultimately used to nail al-Minuki and his fighters six days later in faraway Metele, Borno State.
No doubt, Nigeria’s Intelligence community and their military counterpart again proved very invaluable to the recent successes in the global fight against terrorism, and helped position Nigeria as a very trusted ally in the fight against terrorism.
For the first time since Nigeria began fighting terrorism circa 2010, the country has now fully turned the heat on terrorists, smoking them.out on a daily basis.. The recent successes recorded shows that with our Armed Forces increasingly relying on the intelligence supplied by the DSS, NIA and DIA, Nigeria will sooner than later overcome her security challenges.
Aminu has been online editor of several newspapers, and lives in Abuja
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