Connect with us

News

Fashola partners finance ministry, others to reduce housing deficit

Published

on

Share

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)

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

EKITI 2026: RE-ELECT ME FOR CONTINUITY OF GOOD GOVERNANCE, OYEBANJI URGES VOTERS

Published

on

Share

…Residents hail Governor for restoring power after 10 years blackout

 

 

 

Ekiti State Governor, Mr Biodun Oyebanji, has said the forthcoming governorship election offers the people of the state an opportunity to use their votes to cement continuity of good governance and defeat politics of retrogression.

 

Governor Oyebanji also urged the electorate to cast their votes massively for President Bola Ahmed Tinubu in the January 2027 presidential election in appreciation of his immense support for the government and people of Ekiti State.

 

The Governor who is the All Progressives Congress (APC) candidate in the June 20 governorship election in Ekiti State said no Nigerian leader has done as much as President Tinubu had done for Ekiti State, hence the state must contribute a high tally of votes that would contribute to his re-election.

 

Oyebanji who spoke on Thursday while addressing rallies in Ekiti East and Ayekire Local Government Areas in continuation of his campaign tour round the state, said frequent changes of ruling parties at election cycles negatively affected the growth and development of the state.

 

Oyebanji also restated his call for peaceful and violence-free election. He enjoined APC members not to be provoked into violence before, during and after the election for the victory to be sweet and remarkable.

The rallies which were turned into carnivals by party members and residents saw the Governor receiving a rousing welcome in Omuo Ekiti and Ode Ekiti, the headquarters of the two council areas in appreciation of the projects implemented and restoring electricity to the axis after a blackout of over ten years.

 

The Governor told the crowd that his administration has succeeded in fulfilling promises made to the people of the two council areas including putting an end to more than ten years of blackout expressing readiness to work harder to consolidate on the gains achieved if he wins re-election at the polls.

 

He spoke just as residents of the community through their spokesperson thanked the Governor for restoring power supply in several communities in the area, after over ten years of blackout. They said the restoration of power supply has boosted local economy of the communities.

 

A massive crowd of party supporters, community leaders, teachers, local government workers, artisans, market women and non-indigenes welcomed the Governor during the rallies and pledged their support for his re-election on June 20.

Speaking in Omuo Ekiti, Oyebanji identified lack of continuity in good governance occasioned by the single term syndrome, said the forthcoming election offers the people of Ekiti an opportunity to elect a governor back-to-back and put a stop to retrogression caused by instability in governance.

 

He said: “In less than a year, Ekiti State will clock 30 years since it was created and no government has won election back-to-back. If one government comes, it will introduce some policies within four years and when another government comes, rather than building on what is on ground, it will introduce something new and the state will have to start all over again.

 

“The problem of Ekiti State development has been lack of continuity in good governance, so June 20 offers us a platform to change that narrative once and for all. On June 20, Ekiti will rise up as a mass army to say enough is enough.

“Through our votes for APC, we must say no to politics of retrogression, to politics of underdevelopment, to politics that does not advance the cause of women, to politics that will take ten steps forward and 50 steps backward, all those will stop on June 20.”

 

The Governor further emphasised the need for a high voter turnout at the Ekiti poll in favour of the APC which he believes would rub off positively on the fortunes of the party in neighbouring Osun State where another governorship election holds in August.

 

According to him, an impressive showing for the party in both Ekiti and Osun States would set the stage for an overwhelming victory for Tinubu at the January presidential poll saying “the governorship poll results in the two states should prepare the groumd for the re-election of the President.

 

Two prominent party leaders in Ekiti East, Senator Biodun Olujimi and Rt. Hon. Femi Bamisile canvassed support for re-election of Oyebanji on the strength of the impact of his administration in the axis.

 

Olujimi, the immediate past Senator for Ekiti South Senatorial District urged voters in the axis to repay the good done by the Governor on election day and be faithful to the covenant to re-elect him back to office.

 

Bamisile, the incumbent member of House of Representatives for Ekiti South Federal Constituency 2, said the Governor has become an adopted son of Ekiti East who must be re-elected because he has done well for the people.

 

A youth leader, Mayowa Ogundana, commended the Governor for creating jobs through the Bring Back the Youths into Agriculture with many beneficiaries in the area and also reconnecting communities back to the national grid after over ten years of being in darkness.

 

Oyebanji also met with traditional rulers in the two local government areas and used the forum to solicit their support for his aspiration and administration.

 

The Governor was joined during the campaign by his Deputy, Chief (Mrs) Monisade Afuye; Speaker, Ekiti State House of Assembly, Rt Hon Adeoye Aribasoye; Deputy Director of the Campaign Council / Senator representing Ekiti South , Senator Yemi Adaramodu among others.

Continue Reading

News

PGF Denies Reports of Uzodimma’s Removal as Chairman

Published

on

Share

 

 

The Progressive Governors Forum (PGF) has dismissed reports claiming that its Chairman, Governor Hope Uzodimma of Imo State, has been removed from office.

 

In a statement issued on Friday, the Forum described the reports as false, misleading and without any basis.

 

The Director General of the PGF, Folorunso Aluko, said no meeting was held where such a decision was taken, stressing that the Secretariat has no record of any resolution to remove Uzodimma.

 

“For the avoidance of doubt, the report is entirely false, baseless, and without an iota of truth,” the statement said.

 

Aluko affirmed that Uzodimma remains the Chairman of the Forum, adding that the body remains united and focused on its responsibilities.

 

He urged members of the public, party faithful and the media to disregard the report in its entirety.

Continue Reading

News

Fani-Kayode Confirmed as Nigeria’s Ambassador-Designate to South Africa

Published

on

Femi Fani-Kayode
Share

Former Minister of Aviation, Femi Fani-Kayode, has confirmed that President Bola Tinubu has approved his redeployment as Nigeria’s Ambassador-Designate to South Africa.

Fani-Kayode made the disclosure in a statement released on Thursday, explaining that the reassignment followed his personal request to be moved from an earlier diplomatic posting to Germany.

According to him, he had initially been nominated for a diplomatic role in Germany but later communicated his concerns about the posting to the Ministry of Foreign Affairs. He subsequently requested to be redeployed to South Africa instead.

The former minister said the Minister of Foreign Affairs, Yusuf Tuggar, approved the request and forwarded it to President Tinubu, who later granted final approval for the redeployment.

“It gives me pleasure to announce that Mr President has graciously approved my posting as Nigeria’s Ambassador-Designate to South Africa,” Fani-Kayode stated.

Explaining the reason behind his preference, he said he wanted to serve in a country he had never visited before, despite having spent a significant part of his life in Europe.

He also noted that South Africa’s economic strength, political outlook, and relationship with Nigeria influenced his decision.

According to him, he preferred a country that shares some of his convictions and values in global affairs, while also aligning with his pan-African foreign policy perspective.

Fani-Kayode further revealed that the redeployment became possible through a mutual exchange arrangement involving Sam Enang, who had originally been posted to South Africa but later opted for Germany.

The former minister also dismissed reports alleging that the German government rejected his appointment.

He described the claims as false, malicious, and an attempt to damage his reputation as well as embarrass the Federal Government.

According to him, no official communication rejecting his appointment was ever issued by German authorities.

Fani-Kayode disclosed that legal action has already been initiated against the media platform responsible for publishing the report, while the matter has also been reported to relevant security agencies.

He urged journalists and media organisations to verify information before publication to avoid spreading misinformation.

The former minister also expressed appreciation to President Tinubu and the Minister of Foreign Affairs for approving his redeployment, adding that he is prepared to represent Nigeria in South Africa.

Continue Reading