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‘Nigeria must explore local building materials to reduce housing costs
The Nigerian government has been urged to start exploring local building materials as an effective way of reducing housing costs in the country.
Former President of the Mortgage Bankers Association of Nigeria, Adeniyi Akinlusi, has advised the Housing Development Advocacy Network of Nigeria (HDAN) through their social media platform, emphasizing the need for critical reforms in the housing sector. Akinlusi stressed that these reforms are essential due to the current challenging economic conditions in the country and the high costs associated with imported building materials.
Akinlusi addressed several key areas requiring reform in the housing sector, including the escalating cost of construction. He pointed out that the rising costs are largely attributed to the reliance on imported building materials, making housing unaffordable for many Nigerians.
To enhance housing affordability and livability, Akinlusi emphasized the necessity of domesticating various policies. He specifically cited the need for the implementation of the building code to ensure the quality of construction.
Furthermore, Akinlusi proposed the provision of social housing for individuals who are not financially well-off, as a means to address housing challenges. He also highlighted the significance of rental housing, noting that many people prioritize having decent housing over owning a house.
Akinlusi called upon the National Assembly to support the Minister of Housing and the Minister of State for Housing in implementing necessary reforms in the housing sector. He underscored the importance of the Model Mortgage Foreclosure Law, which has been adopted in some states but has not yet significantly improved access to housing for those in need.
Former President of the Mortgage Bankers Association of Nigeria (MBAN), Adeniyi Akinlusi, has highlighted the challenges faced by homeownership in Abuja, the federal capital of Nigeria, and called for various reforms to improve access to housing in the country.
Akinlusi expressed concerns that even in the nation’s capital, homeownership remains elusive for many, including government employees. He emphasized the importance of facilitating mortgage options, especially for those working in the public sector, to make homeownership achievable. Akinlusi noted that the presence of a Federal Mortgage Bank is not enough if houses cannot be effectively mortgaged.
He also stressed the need for the National Assembly to support the implementation of the Model Mortgage Foreclosure Law and highlighted the requirement for each state to have its own mortgage law. He believes that this would be instrumental in addressing titling issues, especially with the appointment of an active minister for the Federal Capital Territory.
Additionally, Akinlusi called for the recapitalization of the Federal Mortgage Bank, as its current capital base has been eroded. He emphasized the importance of a mortgage guarantee company to support both mortgage banks and commercial banks, ensuring liquidity in the event of loan defaults.
Akinlusi advocated for a comprehensive review of laws related to housing, including those governing the National Housing Fund (NHF) and mortgage banks, as well as the NHF structure itself. He stressed the need for policy reforms to create an enabling environment that supports housing goals.
Finally, he emphasized the importance of attracting capital, both domestically and internationally, to address Nigeria’s housing challenges. Reducing homelessness and providing decent housing can help mitigate social issues like “Japa syndrome,” where people seek to leave the country in search of better living conditions.
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.
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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.
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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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