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REDAN Reiterates Support For Federal Govt’s Affordable Housing Policies
The Real Estate Developers Association of Nigeria (REDAN) has reiterated its commitment to collaborating with all levels of government to enhance the lives of Nigerian citizens and ensure the success of affordable and accessible housing policies in the country.
The president of REDAN and chairman of the council, Alhaji Aliyu Oroji Wamakko, during his opening speech at their annual general meeting held in Abuja, emphasised that the real estate sector is labor-intensive and offers significant employment opportunities.
He highlighted its potential to generate a positive multiplier effect across various sectors, ultimately contributing to the nation’s economic growth.
Wamakko firmly stated that REDAN’s leadership has a zero-tolerance policy for illicit activities and will continue to collaborate with the government to promote integrity and national development.
He further emphasised that REDAN is dedicated to enhancing access to affordable housing for the purpose of wealth creation and national development.
The AGM, held under the theme “Improving Access to Affordable Housing for Wealth Creation and National Development,” served as an opportunity for REDAN to account for the stewardship of the 6th Council to its members, in accordance with the Association’s constitution. The subsequent session of the AGM would delve into the achievements and provide a comprehensive report to the congress. However, this segment aimed to highlight the significance of housing in socio-economic advancement, with the goal of informing the government, investors, and the general public.
The REDAN president also reiterated the association’s strong partnerships with key stakeholders in the housing sector, including a flagship National Housing Development Program known as the ‘RURAL-URBAN HOUSING INITIATIVE (RUHI-774).’
He said the programme aims to develop a minimum of 100 housing units in each of the 774 Local Government Councils, including the Federal Capital Territory (FCT).
Wamakko highlighted the approval of a bill proposed by REDAN, known as ‘The Real Estate (Regulations and Development) Bill,’ by both chambers of the 9th National Assembly (Senate and House of Representatives). The bill, which awaits the President’s assent, establishes the Real Estate Regulatory Council of Nigeria (RECON) and is expected to incentivize investments in the sector.
In their pursuit of aligning real estate development with global practices, he said REDAN maintained collaborative relationships with regulatory institutions such as the Economic and Financial Crimes Commission (EFCC), the Special Control Unit Against Money Laundering (SCUML), the Nigerian Financial Intelligence Unit (NFIU), and the Independent Corrupt Practices and Other Related Offenses Commission (ICPC).
By doing so, he said REDAN aims to foster credibility and inspire confidence among the international community, demonstrating their commitment to conducting business in accordance with international best practices and deterring fraudulent practices.
Wamakko called upon members to conduct their business diligently and in compliance with existing laws, emphasizing the need to protect and align the real estate industry with global standards.
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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