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Nigerians express frustration over the skyrocketing cost of cement, while real estate developers voice their concern
Concerns have been raised by Nigerians, especially those with low and moderate incomes, regarding the steep price of cement, with worries that owning a home may become increasingly out of reach. Additionally, the Real Estate Developers Association of Nigeria (REDAN) has cautioned that the nation’s housing shortfall will persistently worsen unless there is a decisive resolution to the upward trend in cement and other construction material prices.
During a recent survey conducted between February 11 and 22, 2024, the cost of a 50kg cement bag spiked to between N10,500 and N13,000 in different regions of Lagos, Ogun, and other states. This increase was starkly higher than the average range of N5,000 to N6,000 observed between December 2023 and January 2024. Subsequently, following the Federal Government’s intervention through discussions with manufacturers, significant cement producers consented to lower prices to a range of N7,000 to N8,000 per 50kg bag.
Dr. Aliyu Wamako, President of REDAN, expressed deep concern over the steep rise in cement costs, emphasizing the challenges it poses for low and middle-income earners attempting to build or own houses. He called for collaborative efforts between the government and cement manufacturers to find a lasting solution.
Residents, building contractors, and cement vendors have all voiced their grievances. Samuel Abayomi, a resident building his house, criticized the government, expressing concern that the prevailing hardships, including high cement prices, are making it increasingly difficult for citizens to survive. Building contractors, such as Peter Ekondu, and cement sellers also lamented the impact of soaring prices on their businesses, leading to disruptions in construction activities and poor patronage.
The sellers attributed the surge in prices to external factors beyond their influence, citing reasons like the soaring expenses of raw materials and logistical hurdles in transportation. They underscored the necessity for governmental involvement to rectify policies influencing the rising prices.
The circumstance has led to discontent among cement retailers, experiencing reduced sales due to consumer hesitancy toward buying at the heightened prices. The sellers are wrestling with the impacts of escalating raw material expenses and transportation charges, presenting difficulties in absorbing these extra costs.
The unified protest emphasizes the broad-reaching effects of the steep rise in cement prices on diverse sectors of the populace, spanning from potential homeowners to construction practitioners and suppliers. The issues brought up underscore the pressing need for lasting resolutions to alleviate the obstacles presented by the increasing prices of construction materials.
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.
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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