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Ekiti State and the Federal Mortgage Bank of Nigeria (FMBN) are partnering to construct 2,000 housing units
Ekiti State Governor Biodun Oyebanji has requested the Federal Mortgage Bank of Nigeria (FMBN) to collaborate with the state in completing 2,000 housing units for low and medium-income earners.
During a visit to the FMBN headquarters in Abuja, Governor Oyebanji, represented by Special Adviser on Bureau of Housing and Mortgage Development Gboyega Oloniyo, emphasized the importance of partnering with the FMBN to achieve his goal of "shelter for all."
Oyebanji noted that housing is a fundamental human need, alongside food and clothing, and expressed the challenges of constructing affordable housing in the current economic climate.
“There can be medium cost housing because the cost of these materials have gone up. And where do we run to for shelter? It’s only by coming to your organisation (FMBN) to see how we can truly join hands together.
“We have to relate with you so that we will have positive responses from the letter we wrote concerning how we can deliver about 2,000 units of housing in Ekiti state.
“We believe it’s part of what we have come here to fast-track, and we need to understand the fact that in Ekiti state we have a huge diaspora population that can match any of the states in the country. The off-takers shouldn’t be a problem whatsoever. And not to talk of the civil servants as well.
“So what we are looking up to is for us to provide a housing unit for high-end users and also the mass for the generality of civil servants that I’m sure they have little contribution over the years. I believe that if we are truly on the same page, Ekiti state will be better for it,” he stressed.
He stated that Ekiti has a huge housing deficit, and asked for the assistance of the bank to narrow the housing gap.
Oyebanji also harped on the need to carry the states along in the federal government’s housing scheme, expressing the hope that it will make the process smoother.
In his remarks, the FMBN CEO lauded the Ekiti state government for extending a hand of fellowship to the bank , stressing that the FMBN was ready to assist in any way possible to ensure the aspiration of Ekiti to make houses available to its citizens becomes a reality.
He said the mandate of the bank is not just to provide home ownership by way of mortgage financing to the low and medium income earners in the country, largely Nigerian workers both in the public and private sectors, but also for self-employed individuals.
“We must face the challenges that we have and we must take full advantage of the political will on the part of President Bola Tinubu under the Renewed Hope Agenda.
“I would like to assure the people of Ekiti State that the FMBN stands ready to partner in whatever way possible to achieve this objective. In the course of the past few years, we have had a lot of interaction with Ekiti State. We have a number of projects that were financed at that stage,” he stated.
Osidi stated that there are occasions where FMBN will write letters to state governors asking for application of land and do not get favourable responses, but stressed that the bank belongs to all Nigerians.
“It’s a national institution and we want to have presence in every state. So sometimes when a state government does not donate land, we also partner with developers who are able to get land in such locations.
“However, when we have a state that has a disposition such as your disposition now, it makes it a lot easier for us. But because we are also an institution, we can’t say because we have made an investment in that location, we don’t care what happens to that investment.
“So we will invite you to sit with us so that we can consider those developments that we already have and see how we can take it together. We will try to identify what the issues are with those developments and then see how we can marry those existing developments with the new initiatives.” He assured.
News
Lagos schedules meeting with owners of distressed buildings.
The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.
This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.
Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.
He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.
News
FG threatens contractors over Enugu-Onitsha road delay
The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.
This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.
According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.
“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”
He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”
He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.
“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.
The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.
He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.
“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”
He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.
News
Ekiti state government mediates land dispute between traditional ruler and family in Epe-Ekiti
The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.
In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.
Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.
Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.
The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.
Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.
Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.
Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.
Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.
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