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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
Abduction of Fulani woman, Aisha Goma heightens fear of attacks in Kaduna community
Abduction of Fulani woman, Aisha Goma heightens fear of attacks in Kaduna community
By: Zagazola Makama
The abduction of a married Fulani woman, Aisha Goma, in Chikun Local Government Area of Kaduna State has sparked fresh fear and anxiety among residents of the area.
Sources told Zagazola Makama that the victim was abducted from her home at about 11:00 p.m. on Friday, Jan. 17, while her husband was away.
According to the sources, the attackers, suspected to be armed bandits, besieged the residence and forcefully took the woman to an unknown location.
The sources said that the assailants are believed to be former members of the Kamilu group, who have been operating around the axis in the past,” a source said.
The sources added that as of the time of filing this report, no contact had been made by the abductors and no ransom demand had been communicated to the family.
Zagazola reports that the incident has heightened tension in the area, with many residents expressing fear over a surge in abductions targeting members of the Fulani community in recent weeks.
“For more than a week now, people have been living in fear. Families are moving out in large numbers, especially those living around the Olam Company axis,” another community source said.
According to him, some residents have relocated to safer parts of Soba Local Government Area, while others have fled to villages in neighbouring Kwara State to escape the growing insecurity.
Abduction of Fulani woman, Aisha Goma heightens fear of attacks in Kaduna community
News
Gunmen retaliate after rustling of 102 cows, kill one, injure two in Barkin Ladi in Plateau
Gunmen retaliate after rustling of 102 cows, kill one, injure two in Barkin Ladi in Plateau
By: Zagazola Makama
One person was killed and two others injured when gunmen attacked Kasuwa Denkeli village in Barkin Ladi Local Government Area (LGA) of Plateau State in the early hours of Saturday, in a retaliatory strike linked to the recent rustling of 102 cows in neighbouring Riyom LGA.
The attack, which occurred at about 2:30 a.m., came days after armed men drove away 102 cows from Dan Sokoto, Ganawuri District of Riyom LGA, heightening tensions across the Barkin Ladi–Riyom–Jos South axis.
Residents of Kasuwa Denkeli told Zagazola Makama that the assailants stormed the community and opened fire on houses, leaving one person dead on the spot and two others with gunshot injuries. The injured were evacuated to the Jos University Teaching Hospital for medical attention, while the body of the deceased was deposited at the General Hospital morgue in Barkin Ladi for autopsy.
Police sources who confirmed the incident said “On receipt of a distress call, a team led by the Divisional Police Officer (DPO) Barkin Medical immediately moved to the scene.
He added that the two injured victims were rushed to the Jos University Teaching Hospital for medical attention, while the corpse of the deceased was deposited at the General Hospital morgue in Barkin Ladi for autopsy.
According to the police , investigation into the incident has commenced, and efforts are ongoing to track down and arrest the perpetrators, while they urged residents to remain calm and continue to cooperate with security agencies by providing timely and useful information that could lead to the arrest of those responsible.
Zagazola report that Saturday’s incident is the latest in a chain of incidents that began on Wednesday, Jan. 14, when no fewer than 102 cows were rustled at about 11:00 a.m. in Dan Sokoto, Ganawuri District of Riyom LGA. Local sources said the attackers, identified by witnesses as Berom militia from the Vom District in Jos South LGA, stormed the area and drove away the cattle at gunpoint.
The cattle reportedly belong to Alhaji Nalado of Gargari, around Tashan Nashanan, and Malam Ango of Sabon Kaura, around Kudadu, both in Jos East LGA, although the animals were taken from Ganawuri in Riyom LGA.
Witnesses said the attackers were heavily armed, forcing herders to flee for their lives. As of the time of this report, none of the cattle had been recovered, despite security alerts. Residents also alleged that areas such as Vwang in Jos South and parts of Fan District in Barkin Ladi LGA are increasingly seen as “no-go” zones where rustled cattle are kept, complicating recovery efforts.
The Ganawuri rustling was not an isolated incident. It followed a series of attacks on livestock across Plateau State this month. At least seven cows were poisoned in Kwi village in Riyom LGA, while three others were shot dead around Kuru Gadabiyu in Barkin Ladi LGA near the Bicichi axis. Each incidents had deepens mistrust and raises the risk of reprisals in flashpoints already on edge.
The pattern of escalation has been consistent. On Jan. 6, coordinated attacks on Jol community in Riyom LGA and Gero in Gyel District of Jos South LGA left three people dead. The violence followed the shooting of two Fulani youths earlier that day in Jos South, one of whom later died. Witnesses described the ambush as unprovoked, triggering swift retaliation and counter-retaliation.
December 2025 also saw a surge in incidents. On Dec. 12, more than 130 cattle were reportedly rustled in Nding community. Around the same period, livestock poisoning was recorded in parts of Jos East and Riyom LGAs. These were followed by deadly clashes, including the killing of four children in Dorong village, Barkin Ladi LGA, and attacks on Gero village that resulted in deaths, injuries and loss of livestock.
On Dec. 16, 2025, an attack on an illegal mining site in Tosho community, Barkin Ladi LGA, left 12 miners dead and others abducted, with security sources linking the violence to earlier rustling of 171 castles belonging to the Fulani. In Plateau State, attacks on livestock often act as a spark that ignites wider communal violence.
For pastoral families, cattle are not just animals; they are livelihoods, savings and identity. When herds are stolen, poisoned or shot, families are pushed into desperation. Emotions escalate quickly, and reprisals follow.
Zagazola has repeatedly warned that unless attacks in across Barkin Ladi, Riyom and Jos South LGAs, on both lives and livelihoods are addressed impartially, the state risks remaining trapped in a cycle where each attacks becomes justification for the next
Gunmen retaliate after rustling of 102 cows, kill one, injure two in Barkin Ladi in Plateau
News
Nigeria Condoles Southern African Nations Hit by Deadly Floods
Nigeria Condoles Southern African Nations Hit by Deadly Floods
By: Michael Mike
The Federal Government has expressed deep sympathy with South Africa, Mozambique, and Zimbabwe following devastating floods that have killed over one hundred people and displaced thousands across parts of Southern Africa.
In a statement issued in Abuja on Sunday by the Spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, the Nigerian government described the disaster as heartbreaking and extended condolences to the affected governments and their citizens.
The statement noted that weeks of heavy rainfall had caused rivers to overflow, destroyed critical infrastructure such as roads and bridges, and disrupted farming activities and essential services.
It also highlighted concerns about secondary humanitarian crises, including hunger, possible disease outbreaks, and increased risks to vulnerable groups such as women, children, and the elderly.
Nigeria commended the efforts of national authorities, regional bodies, and international organisations currently engaged in rescue operations, relief distribution, and evacuation of affected communities. The government praised the resilience of the affected countries as they work toward recovery and rebuilding.
The Federal Government also warned that extreme weather events linked to climate change are becoming more frequent across Africa. It called for stronger regional collaboration, improved early-warning systems, and better climate adaptation measures to reduce future disaster risks.
Nigeria reaffirmed its readiness to cooperate with the affected nations through bilateral, regional, and multilateral channels to support disaster management, humanitarian assistance, and climate resilience initiatives.
It assured the governments and people of South Africa, Mozambique, Zimbabwe, and other impacted countries that Nigeria stands in solidarity with them during this difficult period.
Nigeria Condoles Southern African Nations Hit by Deadly Floods
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