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12th ABUJA INTERNATIONAL HOUSING SHOW TO WITNESS NEW INNOVATIONS

The Coordinator 12th Abuja Housing Show, Festus Adebayo says this year’s edition will witness new innovations in the areas of different platforms that have been added to the largest housing show on the Continent.

The Coordinator of the Show stated this in an interview with Housing TV in his office.

The 12th Abuja International Housing Show is expected to hold July 16th – 19th 2018 at the International Conference Centre, Abuja.

Adebayo listed some of the unique innovations of the 12th Abuja Housing Show to include introduction of CEO’s Forum, women in housing sector initiative, international real estate investment forum and the segment for youth in real estate development.

According to him “CEO’s forum is unique in the sense that the leaders in the real estate, banking, building materials and technology will be meeting together to address the issue of affordable housing finance holistically.”

He added that “we will be launching women in housing sector initiative. The show will also feature youth in real estate development. As you know, there are a lot of youths who are doing very well in the real estate and there are some youths who have not discovered opportunities in the sector, the idea is to teach them and to catch them young, give them education on mortgage among others.”

The Coordinator said this year’s edition will feature 30 Speakers and 350 exhibitors from not less than 10 Countries.

Adebayo said “the Abuja Housing Show has increased its scope with many professional bodies who have joined as partners to promote the platform-the Abuja Housing Show which have become the most credible and highest networking point for those looking for opportunities and sales for their products and services.”

He listed the new collaborators to include the African Association of Interior Designers, Real Estate Developers Association of Nigeria,Nigerian Institution of Estate Surveyors and Valuers, Council of Registered Engineers of Nigeria, Mortgage Bankers Association of Nigeria, Federal Ministry of Power, Works and Housing, Nigeria Institute of Building, Association of Housing Corporation of Nigeria, Housing Development Advocacy Network, Shelter Afrique, Kenya and the Abuja Metropolitan Management Council.

Adebayo said the show will also feature an International Investment Forum for those who are seeking for international investors who are interested in investing in the real estate sector in Nigeria.

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The Guest Speakers for the housing finance section of the 12th Abuja Housing Show are drawn from the World Bank, African Union of Housing Finance, Central Bank of Nigeria, Shelter Afrique Kenya, Federal Mortgage Bank of Nigeria, Nigeria Mortgage Refinance Company, UN Habitat, OPIC Investment USA among others.

Adeleke Samuel, Housing News

ALL SET FOR 2018 ABUJA INTERNATIONAL HOUSING SHOW

All is now set for the 12th Abuja International Housing Show expected to hold July 16th – 19th 2018 at the International Conference Centre, Abuja.

The Coordinator of the Show, Festus Adebayo stated this in an interview with Housing TV in his office.

The Show will have has its theme- Driving Growth and Sustainability in Nigeria Housing and Mortgage Markets-improving structures and policies for impact.

Adebayo “all is set to host the world. The Abuja Housing Show is ready, Abuja is ready, Nigeria is ready, and professionals are ready.”

He added that” the exhibitors are ready to give discount on every purchase made at the show.”

The Coordinator said the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will declare the show open and will be supported by the Minister of Power, Works and Housing, Babatunde Raji Fashola, Minister of FCT, Mohammed Musa Bello, Minister of Finance, Kemi Adeosun, Minister of State for Environment, Ibrahim Usman Jibril, Minister of State for Solid Minerals, former President of Nigerian Society of Engineers, Engr. Dr.  Emeka Eze (OFR) as well as many State Governors.

In a recent interview, the Chairman of the All Progressives Congress (APC), Chief John Oyegun described the Abuja Housing Show as the largest housing, construction stakeholders’ event in sub-Sahara Africa.

The Housing Show that has now taken international dimension is being organized by Housing Development Programme on AIT with the collaboration of Mortgage Banking Association of Nigeria, African Union of Housing Finance, Nigeria Housing Finance Programme, Real Estate Developers Association of Nigeria, National Assembly Committee on Housing and Africa Association of Design Architects.

The Show will witness over 350 exhibitors with over 15,000 participants.

You can register for the largest housing show on the continent at www.aihs2018.com

Adeleke Samuel, Housing News

 

12th ABUJA INTERNATIONAL HOUSING SHOW TO WITNESS NEW INNOVATIONS

The Coordinator 12th Abuja Housing Show, Festus Adebayo says this year’s edition will witness new innovations in the areas of different platforms that have been added to the largest housing show on the Continent.

The Coordinator of the Show stated this in an interview with Housing TV in his office.

The 12th Abuja International Housing Show is expected to hold July 16th – 19th 2018 at the International Conference Centre, Abuja.

Adebayo listed some of the unique innovations of the 12th Abuja Housing Show to include introduction of CEO’s Forum, women in housing sector initiative, international real estate investment forum and the segment for youth in real estate development.

According to him “CEO’s forum is unique in the sense that the leaders in the real estate, banking, building materials and technology will be meeting together to address the issue of affordable housing finance holistically.”

He added that “we will be launching women in housing sector initiative. The show will also feature youth in real estate development. As you know, there are a lot of youths who are doing very well in the real estate and there are some youths who have not discovered opportunities in the sector, the idea is to teach them and to catch them young, give them education on mortgage among others.”

The Coordinator said this year’s edition will feature 30 Speakers and 350 exhibitors from not less than 10 Countries.

Adebayo said “the Abuja Housing Show has increased its scope with many professional bodies who have joined as partners to promote the platform-the Abuja Housing Show which have become the most credible and highest networking point for those looking for opportunities and sales for their products and services.”

He listed the new collaborators to include the African Association of Interior Designers, Real Estate Developers Association of Nigeria, Mortgage Bankers Association of Nigeria, Federal Ministry of Power, Works and Housing, Nigeria Institute of Building, Association of Housing Corporation of Nigeria, Housing Development Advocacy Network, Shelter Afrique, Kenya and Abuja Metropolitan Management Council.

Adebayo said the show will also feature an International Investment Forum for those who are seeking for international investors who are interested in investing in the real estate sector in Nigeria.

The Guest Speakers for the housing finance section of the 12th Abuja Housing Show are drawn from the World Bank, African Union of Housing Finance, Central Bank of Nigeria, Shelter Afrique Kenya, Federal Mortgage Bank of Nigeria, Nigeria Mortgage Refinance Company, UN Habitat, OPIC Investment USA among others.

Adeleke Samuel, Housing News

Sokoto govt to provide 100 houses for low income earners

The Sokoto state government has approved the sum of N240 million for the construction of 100 houses for low income earners.

This was disclosed by the Commissioner, Land and Housing, Alhaji Bello Gwiwa while briefing newsmen on the outcome of the state executive council meeting presided over by Governor Aminu Waziri Tambuwal on Thursday.

Gwiwa explained that the contract sum was low because the houses would be constructed through a direct labour by the ministry.

He also revealed that the state government had in response to the calls by prominent Nigerians resolved to include non-indigenes among the beneficiaries of government quarters that were being sold out in the state.

He further announced that the three months’ period for the initial payment of 20 percent for the houses was increased to six months to enable the desired occupants pay at ease.

However, in its effort to checkmate the excesses of fuel marketers in the state, the council had approved the sum of N125.8 million for the upgrading of six fuel dumps (mini fuel stations) owned by the state government and the acquisition of Bulk Purchase Licence from NNPC.

Gwiwa said this would make the commodity available at the government approved price in the state.

Similarly, the state government has approved the sum of N268.8 million for the construction of police outpost, roads and the coppers’ lodge at the newly constructed Government Secondary School, Balle in Gudu local government area and N99.9 million for the expansion of Command Girls Science Secondary School, Sokoto.

The Commissioner for Higher Education, Dr. Muhammad Jabbi Kilgori who stated this added that the sum of N158.4 million was also approved for the construction and automation of e-library at the state University as part of requirements for accreditation by the National University Commission.

The council approves another N143.5 million for the purchase of 10 refuse evacuation trucks and N281.7 million for the procurement of FARO 44 rice seed for dry and wet season farming.

Abubakar Auwal

AEPB EXPANDS COVERAGE OF CLEANING CONTRACT TO 48 DISTRICTS

The Abuja Environmental Protection Board (AEPB) has concluded plans to increase the areas of coverage for private cleaning contractors from 27 to 48 districts.

The Director of the Board, Baba Shehu Lawan made this disclosure in an interview with Housing TV in Abuja.

According to him “keeping the city clean is a very expensive business. On monthly basis, we spend a lot of money on the 27 cleaning contractors’ apportioned parts of the Federal Capital Territory. They go into the street road, inner roads, the highway are always maintained.”

The Director said procurement is currently ongoing and the new contract will run for 3 years.

He called on the residents to reciprocate the huge money the AEPB spends on keeping the city clean by paying their waste management service bill promptly to enable the Board keep paying as the contracts are very expensive.

Mr. Lawan stated that Phase 1, 11 and parts of Phase 111 of the city is reticulated and every waste disposed is channeled to the central system for further processing. He noted that the goal of the Board is to ensure the FCT remains the cleanest city in Nigeria and Africa.

He called on residents of the city to further collaborate with the AEPB and not patronize hawkers who dispose wastes.

He added that the residents should also desist from throwing wastes out of their cars while on the road and should learn to dispose such wastes at their destinations.

On the recent recruitment of 300 personnel into the enforcement team, he said they were recruited to beef up the squad as the 400 initially recruited in 2012 can no longer cope with the exponential growth the city is witnessing.

He added that the enforcement team will be supported by men of the Nigeria Police Force and the National Civil Defence Corps.

On the encroachment of cows into the city centre, he said the Board has held several meetings with the leadership of the cattle rearers association on the need to comply with the existing directive to keep their cattle’s in the area councils.

Mr Lawan said the Board has arrested offenders several times in a bid to stop them from leading the cows to the city centre as it constitutes a nuisance.

He added that “we are collaborating with the cattle rearers association to make sure they restrict herding within the city. They constitute nuisance in terms of defecating of the animals on the walkways.”

The Director said the general sanitation exercise on Saturdays is a continuous exercise lead by the task force team and men of the AEPB in line with the directive of the Federal Capital Administration to ensure total sanity within the city.

He blamed the uncleanliness in most public places on the activities of migrants who do not have a place to sleep and therefore hang around in such places and end up messing the place up.

He said “we are going out to remove and clean shanties, all illegal activities in terms of people who are coming into the city on daily basis. It’s been difficult to clean up activities of people, low income earners who are looking for what to do and they hang in gardens and uncompleted buildings, they constitute nuisance to the community or residents of the neighbourhood.”

Adeleke Samuel

 

Nigeria secures $17.8bn investment commitment in first quarter – NIPC

The Nigerian Investment Promotion Commission on Thursday said that in the first quarter of this year, states received a total investment commitment of $17.88bn.

The investments according to the Executive Secretary, NIPC, Yewande Sadiku, were secured in 32 projects across the states of the federation.

Sadiku who spoke during a chat with journalists in Abuja, noted that the investments may not have fully materialised.

The NIPC boss gave some of the states that received huge investment commitment as Lagos with $3bn, Ogun $1.04bn, Niger $754.7m, Gombe $315m and Kano $174.6m

The NIPC boss said that the oil and gas sector with a total investment commitment of $12.9bn got the highest interest from investors.

The $12.9bn is about 72 per cent of the total investment commitments during the period.

This is followed by services sector with $4.5bn representing 25.3 per cent, manufacturing with $440m or 2.5 per cent and agriculture with $10m.

Providing the country of destination from where these investments would be made, she said investors from the United Kingdom made a commitment of $9bn or 50.3 per cent, Nigeria $4.21bn representing 23.6 per cent while investors from the United States pledged the sum of $2.35bn.

There is also an investment commitment of $1.2bn from China, Switzerland $847m while other countries had a combined figure of $262m.

She said although most of the announced investments are yet to mature, the commission now has a seamless collaboration with the states to enable it to monitor closely investments inflow into the country, as a one-stop centre.

She said, “This figure gives us a sense, but I tell you that there are investments that may not be disclosed since investors are not really under obligation to.

“We are interested in seeing more Nigerians invest in the country, and we have a Domestic Direct Investment model now in the commission and we working with the National Bureau of Statistics to track investments inflow into the country.‎”

“The current efforts of the NIPC in working more closely with the states is to increase the level of investment inflow into the country, and to ensure seamless collaboration and proper tracking.”

Ifeanyi Onuba

 

‘WHY GOVERNMENT SHOULD PRIORITISE HOUSING FOR LOW-INCOME EARNERS’

To improve affordability for low and modest income Nigerians, stakeholders in the built environment have urged government at all levels to make housing a top priority.

The stakeholders, who spoke at the launch of a book “Affordable”, authored by the founder of Northcourt, a real estate advisory firm, Tayo Odunsi in Lagos, said there is need for a paradigm shift through critical thinking in making housing really a right and not a privilege.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

According to them, government has never considered that housing has multiplier effect in the economy, hence its lethargy in the sector.

The current situation where housing is placed outside the first five top priority areas, they said, is appalling as it remains the most compelling index in the measuring the growth of the economy in developed countries like America and not oil.

Leading discussion on the subject at the event, which drew participations from government, regulators, mortgage bankers, developers, professionals, academicians, investors and the public, an Executive Director, Nigeria Mortgage Refinance Company (NMRC), Dr Chii Akporji said, government should be more open by showing a clarity of purpose and consistency in addressing housing as a right and not a privilege.

Dr Akporji, a lead reviewer of the book, extolled the author for bringing the issue of housing and its affordability to the fore.

According to her, government has not really stamp its feet on the issue because housing has made a mere political stunt and has not really tied it to improving the welfare of citizens.

Regretting that government has not been consistent in creating enabling environment to attract investment in housing because of policy summersault, Dr Akporji said there is need for consistent efforts to make housing investment to thrive.

She called for re-visitation of the nation’s mortgage system in order to make finance affordable to buyers.

Similarly, a developer and chief Executive officer, Nedcom Oaks, Dr Kennedy Okonkwo said there is need for a radical perspective on the part of all relevant stakeholders, especially in the area of making land available. He also wants better regulations and professional inputs in developing designs to reduce cost.

For the special adviser to Ogun state governor on housing and Managing Director of Ogun state Investment Corporation, Mr. Jide Odusolu, housing is so critical for economic development that it cannot be divorce because of its role in checking the economic indicator or determining economic growth.

He called for a partnership model that will guarantee a win-win scenario for all stakeholders based on willingness to sacrifice.

On his part, an investor and founder of Ventures Platform, Kola Aina, said real estate operators should embrace change and thinking out of the box on how to devolve their products for people uses.

He also called for more emphasis on rental, where people are to pay monthly saying the current yearly demand is not attuned to current realities and therefore not sustainable.

Contributing, the Head of Department of Estate Management, University of Lagos, and Prof. Modupe Omiran stressed the need for individuals to be empowered so as not to be seen unduly as the weakest person.

She lamented that government has not done enough to provide infrastructure, which made homeowners to be paying more than renters.

The chairman, Lagos State chapter, Nigeria Institution of Estate Surveyors and Valuers (NIESV), Rogba Orimalade said there is lack of dynamism among professionals in the real estate sector and called creative leadership among them.

Beyond that, Orimalade wants a political will on the part of government to change the situation about housing stressing that the high interest in mortgage financing is affecting investment in housing and thereby impending affordable housing.

On his part, Lagos state commissioner for Housing Prince Gbolahan Lawal, said government cannot be just an umpire in the housing sector because it plays a critical role on both supply and demand side.

He noted that all over the world government’s investment in housing has gone down, because the conventional source of funds supply is simply inadequate because of emerging infrastructural demands in the urban development.

He stressed that Lagos state government understands its limitations and possibilities in determining what stage of the social and affordable housing value chain it will retain.

This, the commissioner said can be seen through various partnerships and avenues the government has explored and is seeking to explore.

According to him, the Rent to Own scheme introduced by the Akinwunmi Ambode administration is a modification from lessons learnt from the implementation of the mortgage scheme whereby the highest subscribers were excluded because of the requirement of a 30m percent equity contribution which most could not come up with.

On his speech, the author, Tayo Odunsi said the book launch was targeted at gathering people to share their thoughts on how to help them think differently on the issue of shelter, which is a fundamental right of individuals and the roles they should play.

BERTRAM NWANNEKANMA

BUILT ENVIRONMENT PROFESSIONALS LAMENT FG’S PREFERENCE FOR FOREIGN FIRMS 

…Call for synergy to change the odds

Professionals in the built environment in the country have been urged to work with the determination to change the odds which have for several years denied them the opportunities to execute major projects and programmes in the country, even as they lamented the Federal Government’s preference for their foreign counterparts for execution of projects.

The President, Quantity Surveyors Registration Board of Nigeria, QSRBN, Alhaji Murtala Aliyu, who spoke in Abuja at the weekend against the background of government’s discrimination against indigenous built environment professionals, lamented that, over 50 years after independence, the Nigerian state is yet to be comfortable with its local expertise.

According to Aliyu, major projects and programmes are still driven by foreign firms, while substantial part of the work is done by the local workforce, pointing out that the proceeds fly out of the country leaving the locals with little or nothing.

He therefore stated that “As professionals in the built environment, we need to review our relationships with one another and redefine our own perceptions of ourselves, and of others within the industry and beyond. It is no longer an era of pushing up one profession while pushing down another. What is becoming clear to any observing mind is that the consumer is not interested in the process but the end product.

“The consumer today, unlike before, is also not bound by national restrictions. Again, because of expanded demand in human needs, cost becomes more significant. Consumers are more conscious. We must, therefore, think together, plan together and act together. This is the only way we can survive and remain relevant to our societies and to humankind. To achieve this, we need the support of the government.”

The QSRBN boss added that, “Governments all over the world try to support their internal capabilities by providing the appropriate environment, support and patronage. The Nigerian state needs to do a lot better than it is doing so far. It must be deliberate in its engagement of its local capacity. Over 50 years after independence, the Nigerian state is yet to be comfortable with its local expertise. Major projects and programmes are still driven by foreign firms. While substantial part of the work is done by the local work force, the proceeds fly out leaving the locals with little or nothing. Our experts do creditably well outside Nigeria, which means that with the right support, they can push our development to the next level.

“In fact, considering our position in Africa today, we should be exporting expertise to other countries. The Quantity Surveying profession has done a little in this direction. In spite of the local constraints, we have practices owned and operated by Nigerians in a number of African countries,” he said.

Chris Ochayi

NHF: FMBN RETURNS N19.3BN TO RETIREES

The Federal Mortgage Bank of Nigeria says a total of N19.3bn has been returned to 201,534 beneficiaries who have retired and consequently exited the National Housing Fund scheme.

Under the scheme managed by the FMBN, a repayment is made to a contributor who has attained 60 years of age or has put in 35 years in service; or to a contributor that has obtained a loan, liquidated the loan and has attained the age of 60 years or put in 35 years in service.

In a document obtained by our correspondent, the mortgage bank stated that the NHF had also funded the origination of more than 18,085 mortgage loans, the delivery of 25,850 housing units across the country, and 11,927 FMBN Home Renovation Loans.

According to the bank, over the years, the NHF scheme has contended with periods of rejection by workers, but as of today, it has recorded a customer base of 4.6 million individual contributors and 22,290 organisations.

It added that currently, workers in 28 states complied with the NHF Act by making monthly contributions, while among the non-salaried, informal sector, a total of 21,320 workers had been registered through 1,078 cooperative societies as contributors to the fund.

The Managing Director of the FMBN, Mr. Ahmed Dangiwa, had at the 17th Lagos Housing Fair, which ended on Friday, stated that in recent years, they had introduced measures to improve service delivery and match the housing needs of its customers.

These, he said, included the creation of a loan window for housing cooperatives to integrate the informal sector and provide access to mortgage financing for non-salaried workers, constituting the majority of the national workforce.

Dangiwa, who was represented at the fair by the Zonal Coordinator, FMBN Lagos Office, Mr. Abiodun Fashina, said some of the measures were also the introduction of the ‘FMBN Home Renovation Loan’, a micro-mortgage to contributors for the improvement and expansion of existing residential properties; and the capitalisation of equity contribution and perfection fees for the NHF mortgage loans of N5m and below.

“Before the end of the next quarter, the FMBN intends to achieve full automation of the NHF contributions collection process, to ensure transparency and accountability. Each contributor will receive SMS and email alerts of monthly deductions and access historical contributions records online, real time,” he said.

Maureen Ihua-Maduenyi

LASG TO REDEVELOP 100 SLUM SETTLEMENTS

The Lagos State Government has said it plans to redevelop about 100 slum settlements across the state to make them more habitable.

The Commissioner for Physical Planning and Urban Development, Mr. Rotimi Ogunleye, who stated this at the 2018 Ministerial Press Briefing, said the Lagos State Urban Renewal Agency was working towards the regeneration and urbanisation of the state into a befitting megacity that was liveable and economically buoyant.

Ogunleye said this would also help to prevent building collapse as well as reduce urban blight in the state.

According to him, the Public Private Partnership approach, instead of direct government funding, has been adopted to achieve the slum renewal.

“The agency is shifting attention from the traditional way of tackling slum issues to a more pragmatic approach such as the introduction of tax increment financing to fund infrastructural development in slum areas. LASURA is also working with the Justice and Empowerment Initiative to make slums in the state more habitable,” he stated.

The commissioner said the state government had commenced the process with the upgrade of the Adeniji Adele Estate as a proactive measure to prevent the loss of lives.

He noted that state government had also paid N6.6m to 12 of the 30 families who were displaced due to the ongoing redevelopment of the Adeniji Adele Phase 1 Housing Estate on the Lagos Island as rent for the year 2017/2018.

“This is after the initial N18m paid as rent for the 12 families in 2014. The other 18 families opted for the choice of resettlement at LASURA’s Transit Camp within Iba Housing Estate pending the completion of the project,” he added.

Ogunleye also stated that the ministry had adopted a proactive strategy to turn identified activity centres within the state into vibrant and organised areas through the preparation of master and model city plans, adding that to date, eight had been prepared.

These, he said, were the Lekki Comprehensive Master Plan, Badagry Master Plan, Ikoyi-Victoria Island Model City Plan, Ikeja Model City Plan, Alimosho Model City Plan, Mainland Central Model City Plan, Apapa Model City Plan and Agege-Ifako Model City Plan.

The commissioner explained, “It is gratifying to announce that during the period under review 4 (four) additional Master and Model City Plans were prepared and would be ready for public use by the second quarter of this year. They are the Epe Master Plan, Ikorodu Master Plan, Oshodi-Isolo Model City Plan and the Revised Ikeja Model City Plan.

 

“It is also worthy to mention that on completion of the procurement process, the proposed Kosofe Model City Plan will be awarded in the second quarter of the year. Bearing in mind the dynamic nature of physical planning, the government is also reviewing the approval orders of various Government Residential Schemes such as Lekki Scheme I and Magodo Schemes I and II, which are at completion stages.”

Ogunleye stated that with the infrastructural development, upgrade and urban renewal of the state in the past year, the status of Lagos had improved, ranking higher as one of the foremost commercial and social hubs in sub-Saharan Africa.

“As we all are aware, there are substantial and significant projects taking place simultaneously across the state and many more lined up for the year with the intention of progressively transforming the status of the state into a smart city,” he added.

Maureen Ihua-Maduenyi

 

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