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Stephen Akintayo, Gtext Homes Celebrate At The Launching of Jasper Housing Scheme
Gtext Homes, a subsidiary of Gtext Holdings has launched the company’s housing scheme at the Jasper Estate in Ibeju, Lekki, Lagos.
The event, which doubled as an opportunity to celebrate the Chairman Gtext Homes and Gtext Holdings, Dr Stephen Akintayo, on his recent nomination as the Forbes Best of Africa Leading Real Estate Company, was attended by clients, investors and members of the media who got a feel of the real estate firm’s green and smart homes housing scheme.
According to the chairman, Dr Akintayo, Jasper Estate, which is under rapid construction is planned as fully equipped green and smart homes that will not only be off the national grid but will be powered only by renewable energy.
Tagged as the future of sustainable housing, he revealed that the estate will be built complete with modern amenities like clinics, parks, a sports centre, and more, and the proximity to key facilities like the Lekki Deep Sea Port, Dangote Refineries, serene golf courses, makes it prime real estate investment.
peaking on the affordability of the homes, he said, “We as developers buy based on market forces and sell based on market forces. There is a cost of buying the land and there is a cost of building. But to make it affordable it has to be from the government.
“I have often said that affordability has nothing to do with private developers but everything to do with the government and the policies of the government. There is a need to start the policy that we call first-time buyers policies such that the CBN and the Federal Government can guarantee that anybody who can develop five per cent or 10 per cent on their first housing, the government would bring in 20 per cent, and then the lenders can bring in the remaining 70 per cent. Such policies will help reduce the housing deficits.
“I am not a politician and the government has to decide for themselves but I think the government would be interested because the current president has an idea of what real estate is. President Tinubu was the former governor of Lagos State, so he knows the real estate sector. He mentioned it during his party screening at the primaries when he spoke about turning the economy of Nigeria. So, we in the sector we are happy that we have somebody who has that background in the system and we believe that will influence things as we move into the future.”
He said, “The journey of building 25,000 green and smart homes by Gtext Homes has begun at Jasper Smart City Ibeju-Lekki. We are starting by launching our first four two-bedroom luxury terrace duplexes.
On the Forbes nomination, Dr Akintayo stated that he believes it is in recognition of the good work the company has done so far.
“I am encouraged and humbled. I believe there are greater days ahead and I also think it is important for young people. This is an award for the team to work hard. A company that started small and is being awarded at this level tells you nothing is impossible, if you are hardworking, have faith, and are willing to be consistent despite the challenges. We all know it’s tough to do business in Nigeria, but this is an encouragement,” he stated.
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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