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Fashola partners finance ministry, others to reduce housing deficit

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The Minister of Works and Housing, Mr Babatunde Fashola, says his ministry is working with ministries of finance, budget and national planning to lower interest and lending rates to reduce housing deficit in the country.

Fashola made the assertion at the third edition of Lafarge Africa Plc Quarterly webinar – Concrete Ideas.

It is a platform for deliberation on issues, policies and developments shaping Nigeria’s construction, infrastructure and housing sectors.

The theme of the webinar was: “New Solutions for Nigerian’s Urban Housing.”

The minister, who spoke as the Special Guest of Honour, said the government would ensure long term financing to reduce the housing deficit in the country.

He said housing was a commodity, which the private sector could leverage to increase their entrepreneurial skills to deliver.

“I’m happy to observe that in the last four years at least, the footprints of private sector in the real estate is increasing.

“What government can do to strengthen that space is to use its fiscal and monetary policies muscles to make it even more prolific to play by bringing down the rates – interest and lending rates.

“Government should ensure long tenure financing and these are conversations I’m having with my colleagues, the Minister of Finance, budget and national planning,” he said.

Fashola added that houses of assemblies of states and attorney generals must rise up and intervene on behalf of their residents by way of rent control.

He noted that housing must be discussed along the terms of ownership and rental.

“Where you have people asking citizens to pay three years’ rent in advance for salaries earned monthly in arrears, there is a mismatch there; housing will never be affordable and the bulk of property do not belong to the government but private citizens,” Fashola said.

He urged the attorney generals to get creative through legislation to solve the problem.

According to him, Nigeria needs to redesign its building method for those with economic power to demand and consume.

The minister debunked claims that Nigeria had a housing deficit of between 17 million and 22 million, saying the claim was unrealistic as there were empty houses all over the major urban centres.

He said the Federal Government was perfecting plans to ensure the next census would include home ownership to ascertain the country’s housing deficit figure.

He noted that housing deficit was an urban problem, and that land was a very important component in addressing housing problems in the country, yet he said the Federal Government did not control land but states.

Also speaking, Lafarge Africa Chief Executive Officer, Mr Khaled El Dokani, said the Concrete Ideals platform was for strategic discussions of critical and tropical issues in the area of construction and other sections of its value chain.

Dokani said the commitment of the Federal Government and its agencies to encourage private sector involvement in critical policy formation could not be overemphasised.

“Today’s event signals a call for all key stakeholders within the sector to work together and find lasting solutions to Nigeria’s urban housing issues,” he said.

He said the company would remain committed in providing building solutions through innovative products for economic growth and development.

Miss Amaka Nwaokolo, founder, Blue Tower House, said access to finance was vital in solving housing problem.

Nwaokolo urged the government to provide affordable finance to real estate players to solve housing issues in the country to ease the burden that would be passed to end users.

 

 

(NAN)

 

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Senate Moves to Reshape Legal Profession, Proposes Two-Year Mandatory Pupillage for New Lawyers

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The Nigerian Senate on Wednesday considered sweeping reforms to the legal profession, passing into second reading a bill seeking to amend the Legal Practitioners Act 2004. Central to the proposal is a mandatory two-year pupillage programme for newly called lawyers, designed to align training and regulation with global best practices.

Debating the bill at plenary, lawmakers agreed that the legal system must evolve in response to technological advancement, complex commercial transactions, and growing demands for professional accountability. The bill was sponsored and led by the Leader of the Senate, Senator Opeyemi Bamidele.

According to Bamidele, the current law — nearly six decades old in design — no longer reflects contemporary realities of legal practice. He explained that the reform seeks to modernise oversight structures, strengthen discipline mechanisms, and enhance the quality of service within the profession.

A major highlight of the bill is the restructuring of the Body of Benchers, which, for the first time, will be established as a corporate legal entity with financial autonomy, strengthened secretariat, and defined rule-making authority. The reforms also introduce a clearer institutional framework for committees, oversight, and policy enforcement.

The Senate Leader stressed that the initiative would deliver “a coordinated and well-modernised regulatory framework that addresses admission to the bar, discipline, and professional standards.”

The bill also seeks to fast-track disciplinary processes by reorganising the Legal Practitioners Disciplinary Committee (LPDC). Under the proposed structure, multiple panels would sit across the country while wielding broader sanctioning powers, including suspension, disbarment, restitution, compensation, cost awards, and formal apologies. For transparency, disciplinary outcomes will be published, while affected practitioners will retain the right of appeal to the Supreme Court.

Additionally, the proposal creates a new Ethics, Adherence and Enforcement Committee empowered to inspect law offices, demand records, investigate public complaints, and prosecute cases before the LPDC.

To further boost competence, two years of compulsory pupillage and ongoing professional development will now be requirements for lawyers before full practice certification and licence renewal.

The bill also criminalises unauthorised legal practice, clearly defining the practice of law to protect the public from impersonators and unqualified service providers. Other provisions address the regulation of foreign lawyers, reform of the Senior Advocate of Nigeria rank, and improved safeguards for clients and public trust.

Speaking in support, Chief Whip of the Senate, Senator Tahir Monguno, recalled his experience entering practice over 35 years ago, noting that the realities of the digital age justify reform.

“This bill is very apt and germane,” Monguno said. “We are in the digital age, and our legal profession must reflect these realities.”

The Senate subsequently referred the bill to its Committee on Judiciary, Human Rights and Legal Matters for public hearing and a report within two weeks.

 

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Tinubu Approves Nigerian Team for US–Nigeria Joint Security Working Group

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President Bola Ahmed Tinubu
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President Bola Tinubu has approved the Nigerian contingent of the US–Nigeria Joint Working Group, a new collaborative platform aimed at strengthening security cooperation between both countries.

The decision follows agreements reached during a recent high-level visit to Washington, D.C., led by the National Security Adviser (NSA), Nuhu Ribadu. Ribadu will head the Nigerian side of the Working Group, supported by senior officials drawn from key security and government institutions.

The Nigerian members include Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar; Minister of Defence, Mohammed Badaru Abubakar; Minister of Interior, Hon. Olubunmi Tunji-Ojo; and the Minister of Humanitarian Affairs, Dr. Bernard M. Doro.

Also on the team are the Chief of Defence Staff, Gen. Olufemi Oluyede; Director-General of the National Intelligence Agency, Amb. Mohammed Mohammed; and the Inspector General of Police, Kayode Egbetokun.

Ms. Idayat Hassan of the Office of the National Security Adviser and Mr. Paul Alabi of the Nigerian Embassy in the United States will serve as the secretariat.

President Tinubu urged the members to work closely with their US counterparts to ensure the effective implementation of all agreements reached across various sectors.

The announcement was made on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

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Obasanjo Returns $20,000 Allegedly Given for Fayose’s Birthday Logistics

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EX President Olusegun Obasanjo and Former Ekiti State, Ayo Fayose
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Former President Olusegun Obasanjo has returned the $20,000 allegedly provided to him by former Ekiti State Governor, Ayo Fayose, ahead of Fayose’s 65th birthday celebration, following a fresh disagreement between the two political figures.

Fayose confirmed the development during an interview with AF24 News, where he narrated the sequence of events surrounding the controversy. According to him, preparations for his birthday prompted him to reach out to individuals he had previously fallen out with politically. He noted that this move was aimed at “mending fences,” but stressed that his call to Obasanjo should not be misconstrued as an apology.

The former governor recounted that Obasanjo visited his Lagos residence days before the celebration and expressed willingness to attend the event, despite having a conflicting engagement in Rwanda. Fayose said that during the visit, Obasanjo requested financial support for his travel logistics, prompting him to provide $20,000.

“I changed $20,000 and gave it to him. How can you accept somebody’s money and come and be spiting that person?” Fayose said, expressing disappointment over Obasanjo’s subsequent public remarks.

The matter escalated after Obasanjo stated that he had not opened the money and would return it, comments that Fayose considered disrespectful. In response, Fayose said he sent the former president a strongly worded text message demanding clarity and expressing his displeasure.

Following the exchange, Obasanjo reportedly returned the money.

“I have written to him, and he has returned my $20,000,” Fayose confirmed during the interview. When asked how he felt about the return of the funds, he replied: “I am very happy. I will not allow such a man to carry my money away.”

The clash adds another layer to the long-standing political tension between both men, who have had a history of public disagreements spanning several years.

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