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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
EXCLUSIVE: expanding JAS/ANSARU–JNIM violence signals growing jihadist threat in Niger–Kwara corridor
EXCLUSIVE: expanding JAS/ANSARU–JNIM violence signals growing jihadist threat in Niger–Kwara corridor
By: Zagazola Makama
Recent attacks by terrorists linked to Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS), Ansaru splinter factions and the Jama’at Nusrat al-Islam wal-Muslimin (JNIM) have brought into sharp focus a troubling expansion of jihadist violence into Nigeria’s North-Central zone, with Borgu Local Government Area of Niger State emerging as a new flashpoint.
On Jan. 9, 2026, terrorists operating along the Borgu axis attacked Damala village, a Kambari farming settlement in Borgu LGA. The assailants killed four residents, looted foodstuffs and livestock, and subsequently withdrew towards the Kainji National Park.
Zagazola Makama report that the attack followed a similar modus operandi to the Jan. 3, 2026 massacre at Kasuwan Daji, where villagers were killed and abducted in a coordinated night raid.
Deep findings indicated that Borgu and neighbouring Agwara LGAs have increasingly become areas of operation for a Saddiku-led Boko Haram Terrorist (BHT) faction working in collaboration with JNIM fighters infiltrating from the Sahel.
The terrorists are believed to be exploiting the Liptako–Gourma tri-border forest corridor, which stretches across parts of Mali, Niger Republic and Burkina Faso, before filtering through Benin Republic into the Kainji National Park ecosystem.
Zagazola noted that the vast forested terrain of the park, combined with weak surveillance, has made it an attractive rear base for terrorist regrouping, logistics and cross-border movement. Borgu has been under sustained pressure, with attacks occurring at regular intervals.

On Nov. 21, 2025, gunmen abducted students of St. Mary Catholic School, Papiri, in Borgu LGA. The students were later released in batches on Dec. 8 and Dec. 22, 2025. It was revealed whether ransom was paid or not. However, Intelligence linked the abduction to JAS handlers operating from Ali Ngulde camp in the North-East.
This was followed by the Jan. 3, 2026 Kasuwan Daji attack and an earlier Jan. 5, 2026 assault on a Mobile Police (MOPOL) checkpoint at New Kali village, also in Borgu LGA. This point to a high probability of continued and potentially more daring attacks within Borgu LGA and adjoining areas over the next two weeks.
There are also growing concerns that the violence could spill into Kwara State, particularly Kaiama and Baruten LGAs, which border Kainji National Park. The terrorist groups have had sufficient time to regroup and reposition following recent security operations in parts of Niger State, increasing the likelihood of an operational surge.
“The pattern suggests deliberate expansion rather than isolated criminality,” a counterterrorism expert said. “This is ideological jihadist violence, fused with banditry and cross-border logistics. The Damala attack has further reinforced assessments that JAS/Ansaru factions and JNIM elements now maintain established bases within the Kainji National Park.
The systematic raiding of livestock and foodstuffs, analysts say, reflects the groups’ dependence on local communities for sustenance and their reliance on the park’s ecosystem for concealment, mobility and survival.
Military strategists describe the park as the terrorists’ operational centre of gravity, and, paradoxically, their main vulnerability.
Zagazola suggested that a sustained , intelligence-driven air campaign targeting known hideouts, logistics routes and assembly areas within the park could significantly degrade their combat power.
Such an approach, would fix terrorist elements in place, disrupt their supply chains and create favourable conditions for coordinated ground operations to restore security and prevent further expansion into Kwara State and deeper into the North-Central zone.
The unfolding situation in Borgu is widely seen as a warning sign of the evolving nature of Nigeria’s security threats, where jihadist groups displaced from the North-East and North-West are probing new theatres with weak state presence.
If left unchecked, the Borgu–Kainji axis could become a permanent jihadist sanctuary, linking Sahel-based terrorist networks directly to Nigeria’s heartland.
EXCLUSIVE: expanding JAS/ANSARU–JNIM violence signals growing jihadist threat in Niger–Kwara corridor
News
Dignitaries Gather In Borno For APC Deputy National Chairman’s Children’s Wedding
Dignitaries Gather In Borno For APC Deputy National Chairman’s Children’s Wedding
By: Our Reporter
Prominent Nigerians on Saturday converged in Maiduguri, the Borno State capital, to attend the wedding ceremony of three children of the All Progressives Congress (APC) Deputy National Chairman (North), Hon. Dr. Ali Bukar Dalori.
Gatekeepers News reports that there was heavy traffic in parts of Maiduguri as dignitaries from all works of life made frantic effort to access the residence of Dalori and the Al-Ansar Mosque, the two main venues of the wedding ceremony.

Among those in attendance were top government officials, party leaders, traditiona rulers, business moguls, and religious leaders from within and outside Borno State. The ceremony attracted a large crowd, reflecting Dr. Dalori’s political influence and wide network across the country.
Leading the array of dignitaries is the National Chairman of the APC Prof. Nentawe Yilwatda, othe members of National Woking Committee of the APC and large numbers of States Chairmen of the party .
Also in attendance were the Borno State Governor, Prof. Babagana Zulum, his Deputy, Hon Umar Kadafur , three Senators from the state- Senator Mohammed Tahir Monguno, Senator Mohammed Ndume Senator Kaka Shehu Lawan and members of the House of Representatives from Borno State

Others are the Minister of Agriculture and Food Security, Sen, Abubakar Kyari, Speaker, Deputy Speaker and members of Borno State House of Assembly , former Nigeria Ambassador to China, Ambassador Baba Ahmed Jidda, Former Minister of the Federal Capital Territory (FCT) Alh. Ibrahim Bunu, Ibrahim , Former Deputy Governors of Borno State- Ali Jatau and Adamu Dibal .
The Deputy National Chairman of the APC was full of gratitude to his guests who left their various confort zones to attend wedding of his children- Usman, Falmata and Aisha .
” I’m immensely grateful our National Chairman of APC Professor Nentawe, our amiable Governor of Borno State Prof Babagana Zulum, the Deputy Governor Umar Kadafur and the too many important personalities who came from far and near to honour my invitation, may Allah (SAW) bless you all ” Dalori said .
The wedding rites were conducted in accordance with Islamic injunctions, featuring special prayers for the couples, their families,. The atmosphere was marked by joy, unity, and cultural splendour, as guests exchanged pleasantries and goodwill messages with the host and his family

Security operatives were deployed in large numbers around the venues to maintain law and order and ensure the smooth flow of activities. Traffic control officers were also on ground to manage the influx of vehicles and guests, while emergency and protocol teams worked tirelessly to coordinate movements and logistics.
The wedding ceremony came to a successful end with a reception that featured traditional music, refreshments, and continued interactions among guests, bringing together leaders and citizens in a rare atmosphere of celebration and solidarity.
Dignitaries Gather In Borno For APC Deputy National Chairman’s Children’s Wedding
News
JUST IN: Boko Haram terrorists demand N423m ransom to release Borno ex-LGA vice chairman
JUST IN: Boko Haram terrorists demand N423m ransom to release Borno ex-LGA vice chairman
By: Our Reporter
A new video has emerged showing two men, allegedly abducted by Boko Haram/ISWAP terrorists in Borno State, pleading for help.
One of the victims, Hon. Hassan Biu Miringa, a former Vice Chairman of Biu Local Government Area, is seen in the video appealing for rescue.
The two men were taken hostage on December 17, 2025, while traveling from Miringa to Maiduguri.
In the video, the abductees said the terrorists are demanding a ransom of $150,000 per person, totaling $300,000, for their release.
‘We were abducted on our way from Miringa to Maiduguri around 2:30. Alhamdulillah, we are alive,’ one of the victims said. ‘We are calling on the government and individuals to come to our rescue.’
The victims specifically appealed to Deputy Governor Umar Usman Kadafur, Hon. Mukhtar Betara Aliyu, Hon. Sule Ali Rimi, Hon. Yakubu Gambo Kimba, and Alhaji Musa Dogo Biu to intervene and help secure their freedom.
‘We are pleading with them to come to our rescue. We are their sons,” the victim said. ‘They said we must provide $150,000 each. For the two of us, it is $300,000. We want to be reunited with our families.’
JUST IN: Boko Haram terrorists demand N423m ransom to release Borno ex-LGA vice chairman
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