Housing News

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Dangote Cement Targets 35 million tons Capacity by 2020

Chairman of Dangote Cement Plc, Mr Aliko Dangote, has disclosed that the cement giant plans to increase its production capacity in Nigeria by six million tons by next year.

Mr Dangote, who is Africa’s richest man, said at a function in Lagos on Thursday that the firm was working to raise the installed capacity for cement production from the present 29 million tons to 35 million by 2020.

“In Nigeria alone, we have 29 million tons installed capacity for cement production and we will be at 35 million by 2020,” Mr Dangote said while speaking at the commissioning of the N85 million Chemical and Non-Metallic Employers Federation (CANMPEF) House.

He described Dangote Cement, which controls a larger market share in the country, as one of the most employer of labour. According to him, “Dangote Cement Plc alone provides employment to over 25,000 people across the nation.”

He said this was made possible as a result of its determination of being importer of cement into the country to an exporter of the product to other nations.

“We have contributed hugely to the nation’s successful transition from being at one time the world’s largest importer of cement to the position we are today where we not only are self-sufficient in cement, but indeed are net exporters of cement,” he said.

Mr Dangote commended CANMPEF for contributing to the development of Nigeria, saying at the event that, “I am aware that CANMPEF is Nigeria’s largest employer’s federation, with your members spread in various locations across Nigeria and fully engaged in various value-added activities that are creating wealth and employment for millions of Nigerians.”

He further applauded the organization for the successful completion of the house, noting that, “I am told that CANMPEF House was built at a cost of about N85 million and that it is a multipurpose facility that will cater for a wide range of developmental work.”

Source: businesspostng

Fashola Housing

FG Committed to Human Capital, Infrastructure Developments -Fashola

The Minister of Works and Housing, Mr Babatunde Fashola, said on Friday that the present administration was committed to human capital, economic and infrastructure developments to boost Nigeria’s global competitiveness.

Fashola made the statement while delivering a keynote address on “How Government Policy Affects Business, Society in National Development and Changing International Environment” at the Lagos Business School.

Speaking during a session on Social, Political and Economic Environment of Business, the minister advised critics of the administration to always consider the nation’s peculiarities when judging policies.

He said that systems of government in most African countries and globally which some analysts used as basis for calling for restructuring of the nation were faulty as Nigeria operated on different indices.

He explained that government’s strides for economic development had always been met by criticisms of analysts, who did not understand problems holistically.

Fashola added that even issues of nomination and portfolio of ministers elicited so much reactions and controversies that impacted on economic decisions because of some misinforming analysis.

Citing examples, Fashola said that some analysts misinformed the public while making submissions on government’s budget for education and health care, which he noted, were not domiciled in just two ministries.

He said that the budget of those sectors were also captured in other ministries, including works and housing, adding that the works ministry was constructing roads in some tertiary institutions.

According to him, education and healthcare sectors cannot function effectively without the Local Government, the third tier some analysts usually leave out while making assessments.

“I don’t think that arguments that Nigeria is spending less on health care and education is correct. 52 per cent of the spending is what you see in the budget. You cannot run a home without considering states and local governments spending.

“In Nigeria, spending is in three parts. Investments in education and health are not only domiciled in those ministries, it spreads to environment, works and housing ministries as well as other areas of needs.

“Today Federal Government is building internal roads in universities and the budget is captured in works not education.”

Fashola said that although primary education and primary healthcare were the responsibilities of local governments, yet some analysts blamed the Federal Government.

He said that 3,139 projects which employed more than 20, 0000 people and impacted about a million Nigerians were being executed under the government’s Sustainable Development Goals.

He said that human capital development was a priority of the Buhari regime, adding that, “no investments can be too much for humans”.

The minister said that global economies were changing and making solutions seem more difficult and that Nigeria was not an exception, calling for private sector investments and support for the nation’s growth.

He said the edge advanced economies had over Nigeria was that they developed their infrastructure early, adding that the present administration was now focusing on infrastructure development.

Fashola explained that the drive was massive such that road reconstruction projects were going on simultaneously in all states of the federation, adding that budgetary allocations had now risen from N18 billion in 2015 to N300 billion.

“If we mobilise resources from October to May, it would help us as we complete roads for the Nigerian economy.”

Fashola condemned criticisms of Federal Government’s borrowings, which he noted, were targeted toward the development of the nation’s over-stretched and dilapidated infrastructure.

Reeling out statistics, he argued that developed economies evolved through phases of borrowings to attain current status.

“I do not support debt for consumption but debt for productivity.”

He said that fusion of the academia was important because the academia “is where human capital is prepared”, adding that the collaboration would impact on all sectors.

Lamenting the negative effects of social media, organised crime and criminally, he said that every generation must anticipate and prepare to tackle the problems of technological evolution.

The minister offered graduates of the Lagos Business School opportunities for internship in the Federal Ministry of Works and Housing to further strengthen learning and private sector collaboration.

Source: Pulseng

Why Ahmadu Bello Called Nigeria a “Mistake”

Last series, we discussed the ethnic undertones of the 1951 general election and their consequences on Igbo-Yoruba relations. Today, we’ll discuss the 1953 self-government motion which highlighted Nigeria’s north-south fault line and almost led to the break-up of the country.

In March 1953, Anthony Enahoro of Awolowo’s Action Group party motioned for Nigeria’s federal House of Representatives to endorse the attainment of independence in 1956 as a primary objective. Azikiwe’s National Council of Nigeria and the Cameroons (NCNC) party supported the motion, but Northern members led by Ahmadu Bello opposed it. Bello suggested replacing “1956” with “as soon as practicable.” Addressing the House, he stated:

“It is true that we politicians always delight in talking loosely about the unity of Nigeria. Sixty years ago, there was no country called Nigeria. What is now Nigeria consisted of a number of large and small communities all of which were different in their outlooks and beliefs. The advent of the British and that of Western education has not materially altered the situation and the many and varied communities have not knit themselves into a composite unit.”

Bello dismissed declarations of Nigerian unity as empty rhetoric, asserting the country’s inhabitants were no more a nation in 1953 than they had been before the British arrived. He then went further, stating that “the mistake of 1914 has come to light.” In his memoirs published a decade later, Bello described his statement characterizing the 1914 amalgamation of Nigeria as a “mistake” as the “most important” political speech he ever made.

Justifying northern opposition to early independence, Bello argued there had been too few educated northerners at the time. Northern elites feared that if independence came as early as 1956, southerners would dominate their civil service. In their view, this would be dangerous because southerners could not be trusted to do the fair thing. Instead, they would most likely exploit northerners and divert resources to the south, leaving the north ever poorer and weaker. Bello stated:

“If the British administration had failed to give us the even development that we deserved and craved so much- and they were on the whole a very fair administration- what had we to hope from an African administration? The answer to our minds was quite simply just nothing beyond a little window dressing.”

Northern elites trusted the British “to do the right thing” more than they trusted southern Nigerians. Southerners described this as the result of British brainwashing, but northerners argued their mistrust stemmed from real-life experiences with southerners.

After northern politicians blocked the 1953 self-government motion, southern leaders accused them of being colonialist lackeys. Northern politicians were booed and insulted by southern crowds on leaving the House of Representatives’ building in Lagos. The abuse continued throughout their trip back to the north, with angry southerners awaiting them at each train stop.

Following this, northern elites favoured seceding from Nigeria and were restrained solely by practical considerations. The north was landlocked and dependent on southern coastal links to transport its goods. Northern elites worried southern leaders might block transportation of goods across their lands if the north seceded. Awolowo threatened as much, saying if Britain let the north secede “we [the west] shall declare our independence immediately and we will not allow the north to transport their groundnuts through our territory.” Groundnuts were a key northern export at the time.

Nevertheless, northern leaders declared an 8-point programme entailing de-facto secession from Nigeria, only to be dissuaded by the British who feared a domino effect. At the time, Governor-General Macpherson wrote to Thomas Lloyd, Undersecretary of State for the Colonies, warning that “if Nigeria splits, it will not be into two or three parts, but into many fragments.”

In this atmosphere, AG leaders decided on an “educational tour” of the north to promote their self-government motion. Inter-ethnic violence eventually erupted in Kano, leading to 277 casualties, including 36 deaths – 15 northerners and 21 southerners. After the Kano riots, Oliver Lyttleton, Secretary of State for the Colonies, informed London it was clear the regions could not work together in a tightly-knit federation and Nigeria needed to be decentralized.

Constitutional conferences involving Nigerian leaders were held between July 1953 and February 1954. A memo written by Lyttleton to the British cabinet during heated debate over the future status of Lagos gives us interesting insight into the thinking of Britain’s highest-ranking colonial official at the time. In the memo, Lyttleton described “Hausa-Fulanis” as “Muslims and warriors, with the dignity, courtly manners, high bearing and conservative outlook which democracy has not yet debased.”

He then described Yorubas and Igbos as people “with higher education, but lower manners and inferior fighting value, somewhat intoxicated with nationalism, though loyal to the British connection at least so long as it suits them.” Advising the British cabinet on what to do regarding Lagos, Lyttleton wrote:

“The north with their deep but already somewhat shaken trust in the British and distrust of their ‘brothers’ in the West and East fear that greater autonomy now suggested for regions will lead to the West seceding when it suits them, especially as the West incorporates Lagos, at once the commercial and political capital and only effective outlet to the sea for the trade and commerce of the North… The North now insist on Lagos being a federal area under separate administration to safeguard it from becoming a Yoruba preserve and to make sure their access to the sea remains open… We cannot let the North down. They are more than half the population, more attached to the British and more trustful of the colonial service than the other two…if my colleagues agree, I shall state that we have decided to excise Lagos from the West… to act otherwise would be to alienate our [northern] friends, probably drive them into secession, to cast aside our responsibilities and to leave a dismembered Nigeria to settle its own differences perhaps with the spear.”

Lyttleton’s memo provides evidence supporting the claims of southern leaders that the north was favoured by the British during Nigeria’s constitutional negotiations, at least in this particular case.

The 1953/54 conferences produced the Lyttleton Constitution which established a firmly federalist system in Nigeria. The House of Representatives would now have jurisdiction over certain specified issues while jurisdiction over everything else devolved to regional assemblies. Each region would have its own Premier, with his own cabinet of ministers. The north retained its 50 percent quota in the federal legislature. Each region could attain full internal self-government by 1956, if it so wished.

The years 1952 to 1954 were characterized by northern fears of southern domination in a post-British Nigeria, southern frustrations at the north slowing the march to independence, further solidification of ethnic and regional identities, and realisation federalism was the only realistic system for such a diverse country. The 1954 Lyttleton Constitution reflected a tacit admission by all the relevant actors that Nigerian unity was more aspiration than reality, a situation which persists 65 years later. Perhaps we shall stop there for today. Next series, we’ll discuss the late 1950s and the final march to independence. Till then, take care folks!

Kaduna Urban Renewal- 110years Old Church To Remain

The Kaduna State Government said on Friday that the 110-year-old church marked for demolition would remain because of its historical value.

The Director-General of the Kaduna State Urban Planning Development Agency, Ismail Dikko, confirmed this development to our correspondent.

The state chapter of the Christian Association of Nigeria had on Thursday raised the alarm over a purported quit notice issued to one of its churches in Zaria.

The Kaduna State Urban Planning Development Agency was said to have served the 110-year-old St George Anglican Church, Sabon Gari, Zaria, a seven-day quit notice, which it claimed was a directive from the State Governor Nasir el-Rufai.

However, Dikko said the church would not be demolished, while a market which was to be expanded to the space occupied by the church would be relocated to somewhere else.

He, however, said the church had yet to obtain the Certificate of Occupancy and as such should get it from the Kaduna State Geographical Information Service.

Dikko said, “The church will remain based on its historical value. Also, we noticed the church does not have certification, that is, the C of O.

“However, market is a public facility, but looking at it, the church’s history supersedes the market.

“In light of the above, the church will remain while the market will source for expansion elsewhere.”

Source: Punchng

Stay Ahead of Your Competitors With These Tips

The old adage, “If you’re not first, you’re last,” couldn’t be further from the truth when it comes to business success. Being first-to-market may have its advantages, but long-term success is not a race – it’s how you make a product or service better than that of your competitors. And “Better” can mean anything from the product or service itself to customer service, pricing, or marketing strategy.

“Without a robust and resilient innovation strategy, no company can survive,” says Phil McKinney, CEO of CableLabs. In just about every industry and just about every career, the creator of the Purple Cow enjoys the profits, the accolades, and the feeling of omniscience that comes with a success. So how do you stay ahead of your competitors and ensure that you are successful?

Stop trying to copy the business model of your rivals

You will only achieve success if you run your business on your own terms, and not fall prey to chasing after rivals in your industry. As soon as you stop following your own path and start copying your competitors, you could find yourself even further behind than when you started. You have your own unique strategies, resources, and capabilities so you need to stay true to your business model that optimizes them in the best possible way.

Stay ahead of your competitors with these tips

Make innovation your best friend

Being a small business owner means always finding novel ways to enhance your business. The companies that fail are the ones that become stagnant, relying on methods that can become outdated. Eventually, as their competition becomes more efficient, they leave these businesses behind. Don’t let that happen to you. Use the tips in this article to ensure that you remain ahead of your competitors.

Expand your offers – a market that’s already crowded has less scope for expansion. It is essential to offer something unique to your customers in order to build your own niche and minimize the existing competition.

Be the best employer

Skilled, motivated employees underpin vibrant, growing businesses. Attracting them means more than paying a competitive wage. People are often more impressed by a good working atmosphere, and benefits such as flexible working and structured career development.

Identify and solve the pain points of your customers

Ask open-ended questions to find exactly what your customers want while using your products or services. The key here is to provide solutions to the prospects and supply them what they need as opposed to selling them what you want to sell. You only need to fulfil the need, not "sell" anything. Your product or service will automatically start to sell more the moment you fill the void that your competitors are lacking.

Get the pricing correct

Perfect pricing strategy revolves around marketing psychology. Before you set your own pricing strategy, it is essential to know the competition. You must identify who is offering the best value for money. The price you set should be standard and must have a competitive advantage. A great pricing strategy does not always mean lowering the prices of existing products in order to win more customers. Every market is divided into three segments – the lower, middle and upper class. The first step is to identify the class you are targeting. Once you get an answer to that, it will be much easier to set a price that your audiences will love to pay.

 

Improve your customer service

People love businesses that provide exceptional customer service. If you delight your customers with great service, you will make loyal customers who will refer your business to their family and friends. Hire staff who have a good understanding of your products or services. Ensure that they remain patient and provide satisfying answers to every customer query. Your staff should greet customers with a pleasing smile and must show gratitude. Your customer care team should always remain courteous and respectful.

They must always be responsive to customer queries. They should have a problem-solving approach and always ask for customer feedback. Customer-centric companies are powered by dependable staff who raise the level of customer satisfaction. You can also consider offering freebies that competitors don’t.

Target new customers

Retaining your customer will help you build a loyal consumer base. However, if you want to grow your business, you’ll need to attract new customers. In this rapidly changing economy, you may wake up one day only to find that your so-called loyal consumer base is busy shopping elsewhere. There is no guarantee that they will keep coming back for more forever. A steady flow of customers will keep your business healthy.

More favourable opening hours

Whether you go 24/7 or just open Saturdays when your rivals are shut, making a customer’s life more convenient and shaping your business around their lifestyle is guaranteed to bring them through the doors, and this is a vital part of building competitive strategy.

Show your personality

There is true value that comes from turning the customer experience into a personal one. When people are able to put a face to the business, it naturally leads them to form an emotional connection that simply doesn’t happen when they walk into a big retail store. Share your business story. Discuss why you got into the business in the first place. Talk about why your service is unique. In short, reinforce the emotional side of things and you’ll see how your customers will begin to feel a real connection to your business.

Stay ahead of your competitors with these tips

Conclusion

Healthy competition is always good as it keeps pushing you to do better. Therefore, you should not shy away from competing. Nevertheless, you should arm yourself with the best of tools that can help you in staying ahead. Business is a never-ending battle that makes you learn new things each day. You must be ready to face any challenges or situations

Source: nairametrics

A Review of 13th Abuja International Housing Show – AIHS 2019

The 13th Abuja International Housing Show was the most anticipated event of the year 2019 as stakeholders from at least 15 countries converged in Nigeria’s capital city, Abuja to learn, network and exhibit latest innovations in the industry.

The 4-day event had up to 30, 000 visitors and participants seeking better opportunities to own a home, have access to affordable mortgages, meet influential stakeholders, make purchases at exhibition rates and acquire important knowledge.

This report will feature the build-up to the event, the event itself, important details, conference recommendations and a breakdown of facts and figures about the event.

Pre-event Activities

Massive publicity for the event began in January 2019, featuring television, radio, print, billboards and social media campaigns, raising awareness about the show and its core values. The impressive pre-event campaigns had a lot of people in anticipation, and this led to a very huge turnout.

Event Registration and Sponsorships

From at least 5 months to the event, participants, visitors and partners including exhibitors and speakers had commenced registration and confirmation of event sponsorship.

Opening of Venue and Construction of Exhibition Stands 21st – 22nd July

As from 21st of July 2019, the venue, International Conference Centre opened for commencement of construction and setting up of halls, exhibition stands and sit-outs. The vigorous exercise produced a very beautiful setting and lasted till 22nd – the eve of the event.

Day One (1): Opening Ceremony – 23rd July

Africa’s largest show in housing and construction – Abuja International Housing Show (AIHS) featuring conferences and exhibition was declared open on the 23rd July 2019 by the chairman of the occasion, Arc. Ibrahim Bunu, Former Minister of the Federal Capital Territory, who urged participants to seize the opportunity provided by the show to improve affordable housing delivery in Nigeria and Africa.

Top dignitaries attending the opening ceremony included the Senate President of Nigeria, Ahmed Lawan (represented); Debra Erb, MD OPIC; The Head of Service, Oyo-Ita; Suleiman Hassan, Former Minister of Environment; Festus Adebayo, MD/CEO AIHS; Kecia Rust, Executive Secretary, AUHF; Femi Adewole, MD Family Homes Funds; Andrew Chimphondah, MD/CEO Shelter Afrique; Obadiah Mailafia, Former Deputy Governor, CBN; and many more top local and international stakeholders too many to mention.

The opening ceremony was streamed live on national television and covered by all reputable media houses in Nigeria.

The exhibition stands were also officially opened for business and guests and all categories of visitors trooped in to see for themselves.

Special Recognitions

Some notable personalities were also honoured with special recognition awards of excellence at the opening ceremony.

The awardees included Hanatu Fika, Outgoing Executive Secretary, Federal Government Staff Housing Loans Board; Town Planner Umar Shuaibu, Former Coordinator, Abuja Metropolitan Management Counci; and Debra Erb, MD of Overseas Private Investment Corporation (OPIC).

Conference: Theme and Activities

There were over 30 speakers from at least 15 countries at the event. The speakers who are drawn from reputable institutions like mortgage banks, real estate companies, housing regulatory agencies, construction companies, housing finance firms etc. and from various countries including USA, UK, South Africa, Kenya, Morocco, India, China, UAE, Ghana, Rwanda etc. spoke on the theme; ‘’Driving Sustainable Housing Finance Models in the Midst of Global Uncertainty.’’

Leading conversations on the first day were notable paper presentation and speeches from the Senate President, Head of Service, Governor of Bauchi state, Bala Mohammed (represented), Governor of Edo state, Godwin Obaseki (represented), Debra Erb of OPIC, Festus Adebayo of AIHS, Femi Adewole of Family homes Funds, Andrew Chimphondah of Shelter Afrique, Emmanuel Akinwumi of AfDB, Roland Abonta of NIESV and many more.

The well received presentations were focused on the theme and subjects around it including the role of monetary policy in housing finance and development; project finance for large scale housing – OPIC approach; closing the gap in affordable housing production: increased efficiency and cost; building a global framework for foreign investments in Nigerian housing market etc.

The CEOs Forum and three (3) panel sessions focusing on alternative investment options for housing growth and development followed.

The sessions were moderated by Hakeem Ogunniran, CEO of Eximia Realty.

Day Two (2): Conference and Exhibition – 24th July

Day Two of the event continued with the conference, CEOs Forum and panel sessions featuring top CEOS and speakers including Robert Hornsby of American Home Builders of West Africa; Ugochukwu Chime of REDAN; Mounia Tagma of Affordable Housing Institute; Kecia Rust of AUHF; Sa’Adiya Aliyu of Urban Shelter; Prof Charles Inyangete, former MD of NMRC; Ahmed Dangiwa of FMBN; Afolabi Imoukhuede, SSA to the President on Job Creation; Robert Plattner of Hydraform; Banjo Obaleye of Infinity Trust Mortgage Bank; Hakeem Ogunniran of Eximia Realty; Mr P. Bhaskar Rao of Royal Ceramics; Sam Odia of Mmillard Fuller Foundation; Prof Timothy Nubi; Jide Odusolu of Octo5 Holdings Limited; David Gardner AUHF etc.

The well received presentations were focused on the theme and subjects around it including housing construction case studies; low cost housing; harmonising Nigeria real estate sector for enhanced socio economic development; moving from luxury homes provision to affordable housing delivery; the role of housing in job creation; foreign capital for housing finance in emerging economies; data and analytics; innovations in residential housing development; democratising mortgages; mortgage consumer education and many more.

The sessions were moderated by International mortgage expert, Kunle Faleti, David Gardner and Jumoke Akinwumi.

The exhibitions were holding simultaneously.

Day Three (3): Conference and Exhibition – 25th July

Day Three of the event started with a breakfast meeting between the overseas team of African Union of Housing Finance (AUHF) led by Kecia Rust. Also at the breakfast meeting were Kehinde Ogundimu of NMRC; Niyi Akinlusi of MBAN; Hakeem Ogunniran of Eximia Realty; Festus Adebayo of AIHS; Robert Hornsby of American Home Builders of West Africa; Kunle Faleti; and a couple of other stakeholders.

The purpose of the breakfast meeting was for the AUHF to enlighten the stakeholders about their responsibilities in providing housing finance on the continent and on the need for more Nigerian presence in the South Africa based association. The session also featured elaborate conversations about ongoing collaborations, including the one between NMRC and AUHF and the need for more of such collaborations, especially with regards to data access.

Shortly after, the event continued with the conference, and panel sessions featuring top CEOS and speakers including David Gardner; Jide Odusolu; Adedeji Adesemoye of CBN; Ifeoma Okoye of Brains & Hammers; Roland Igbinoba of Proptech; Isoken Omo of Edo Development Property Authority; Joshua Egbagbe; Eucharia Alozie of Ministry of PWH; Muktar Aliyu; Prof Charles Inyangete; Bob Weinschenk of iBuild and others.

The well received presentations were focused on the theme and subjects around it including addressing housing demand in the face of growing joblessness and income inequality; addressing supply side issues; green and energy efficient housing; cooperative housing, and proptech.

The sessions were moderated by Jide Odusolu, and Robert Hornsby.

The exhibitions were holding simultaneously.

Day Four (4): Artisans Day and Nigeria Housing Awards Dinner – 26th July

26th of July was the climaxing day of the 13th Abuja International Housing Show. The day’s events commenced with the national union of Artisans who were given educational support speeches on how to improve their skills, compete with global counterparts and make the most out of their skills.

At the aside of the event was a MoU signing agreement with Family Homes Funds – a federal government social housing scheme intent on building up to 500, 000 houses for low income earners by 2023.

The exhibitions were holding simultaneously and only came to an end by 6:00 PM to mark the beginning of the Nigeria Housing Awards.

Nigeria Housing Awards 2019

Nigeria Housing Award is an annual event that celebrates the successes of firms, individuals, teams, or companies who are setting trends in innovative construction, consistency in high industry standards, market expansion and are engaged in the development of the national economy to a large extent. The NHA is a way of endorsing abilities and rewarding achievements; this event is widely regarded as the most credible and prestigious award in Nigeria’s Housing Industry. The event typically marks the end of the Abuja International Housing Show.

The Nigeria Housing Awards and Dinner was well attended by all leading stakeholders, CEOs and companies in the housing and construction sector present to celebrate each other’s successes in the past year.

The colourful event had a lot of special moments including the surprise award for the CEO of Abuja International Housing Show, Festus Adebayo by Royal Ceramics.

Before that, the CEO of Royal Ceramics himself, P. Bhaskar Rao had won CEO of Building Materials Company of the year award. The award for Best Innovation in Housing and Construction Industry 2019 went to Echostone International. Sam Ogrih won the CEO of Real Estate Company of the Year, while AFP Furniture was crowned Furniture Company of the Year. Town Planner Murktar Galadima won Town Planner of the Year. The Affordable Housing Promoter of the Year (organisation) went to Family Homes Funds, while NMRC won the Housing Market Information Data Recognition Award. A Lifetime Achievement Award was conferred on Prince Seyi Lufadeju. CEO of Government Owned Housing Agencies of the Year was Isoken Omo, CEO of States Owned Housing Agencies in Nigeria. Kunle Faleti won the Affordable Housing Advocacy Award (Diaspora), while Toye Eniola, Executive Secretary, Association of Housing Corporation of Nigeria won the Affordable Housing Leadership Award. Affordable Housing Policy Driver Recognition Award went to the distinguished Professor Charles Inyangete. Urban Shelter won Estate Developer of the Year. Hydraform international ltd won an award of promoter of affordable housing of the year (construction) 2019. Roland Igbinoba of Proptech won the Housing Data Recognition Award, while Arc. Adewumi Okupe won Affordable Housing Advocacy Promoter of the Year Award. Pan Africa award of Affordable Housing Promoter of the year went to Shelter Afrique.

Many more awardees included Cosgrove Investment Limited going away with the award of Best Residential Real Estate Developer in sustainable smart Development and customer experience initiative.

The highlight however was when Mr Rao of Royal Ceramics invited CEO of Abuja International Housing Show Festus Adebayo to the stage for a surprise award. The fulfilling night was a mix of soothing music, choreography, dining, wining and laughter.

Top 10 Recommendations from the 13th AIHS

Upon the completion of the event, participants, speakers, developers, and heads of all housing bodies at the event agreed on a number of sustainable and important interventions that will bridge the housing gap in Nigeria.

Below are selected 10 out of these resolutions that have been presented to the government and its several housing agencies for implementation.

1. Creating enabling policies around land title documentations, with government playing a larger role in assisting investors and supporting local building industries and materials.

2. Fast track the passage of foreclosure bill into law to legally resolve default issues in the sector. Also the review of land use act of 1978, Federal Government Housing Loans Board bill (FGHLB), the National Housing Fund (NHF) Scheme Act 1992, Mortgage Banks Act 1989 (subsumed in BOFIA), Federal Mortgage Bank of Nigeria (FMBN) Act 1993, The Trustee Investment Act 1962, The Nigeria Social Insurance Trust Fund (NSITF) Act 1993, The Insurance Act 2002, The Investment and Security Act 1999, The Federal Housing Authority (FHA) Act 1990, Securitization Bill amongst many others.

3. Advance the ongoing partnership between Mortgage Banking Association of Nigeria (MBAN) and the Central Bank of Nigeria (CBN) with regards to the underwriting standards which can increase housing and mortgage affordability for the masses.

4. Building the right skill ecosystem through job-driven training programs spearheaded by private sector industry participation for adoption of trainees.

5. Institutionalisation of collaborations and partnerships between large scale industry players to enhance mass housing provision and affordability.

6. Creating standard data base in African countries especially in Nigeria that can be universally accepted to collate data, identify data gaps, integrate, optimise and expand knowledge set to meet current demands.

7. The policy creation, adoption and financing of sustainable buildings that utilise green approach in construction which integrates topography into developments.

8. To set up an institution such as a National Housing Council to be the focal point for housing research, policy development and implementation, development of suitable housing economic models that fits into local contexts and monitoring of the housing sector.

9. The adoption of high impact training that supports research and data generation by major stakeholders within the industry.

10. To resolve the challenges of affordability mismatch resulting in unsold and unoccupied developed houses especially in our major cities, there is an urgent need for paradigm shift from market driven pricing system to end user driven pricing to ensure houses are provided for those who need and could afford them. (Extract from 13th AIHS communique, 2019).

Facts and Figures about 13th AIHS

Below are key facts and figures pertaining to the 13th Abuja International Housing Show 2019:

Facts
• The biggest housing and construction show in Africa
• Biggest stakeholders’ networking platform
• The biggest exhibition event for housing, construction and finance companies and brands
• The most influential event for public policies, especially in the related sectors
• The event featured a special CEOs Forum comprising of the most influential local and international leaders in the housing, construction and finance sectors
• All papers and speeches presented at the 13th AIHS are available on the AIHS website

Figures
• 1 venue (International Conference Centre, Abuja)
• 4 days event (23rd to 26th July 2019)
• 10 major conference recommendations
•12 conference sessions
• 13th year running of the show
• 15 participating countries
• 30 international speakers
• 45 panellists
• 400 exhibitors
• 40, 000 visitors and participants

EXHIBITORS AT 13TH AIHS

The exhibitors at the 13th AIHS are too numerous to mention, but some of them (in no order) includes companies from China, UAE, Turkey, Italy, India, Turkish Quality Nigeria, Royal engineered stones limited, Urban Shelter, Echostone, Brains & Hammers, Family Homes Funds, NMRC, AFP Furniture, CDK, iBuild, FMBN, MIXTA Africa, AUHF, Nigerite, Solignum, Shelter Afrique, Earthpoint Modern Shelter, IFC, Hydraform, Copen, Cosgrove, FGSHLB, Wiser estates, MBA Forex, Plusworld, OPIC, Haven Homes, AMMC, ITMB, Delta mega trend limited, Lubrizol, Rural Homes limited, APDC, Peachville platinum, SPS, Wallpaper world, windows blinds, Net construct, formul, GVE, Niger state housing corporation, weatherguard, c-stemp, elinuol, interrand, Nigeria pipes, Plascon, Post service housing development limited, skylum, Eisenkraft, Maldini granites, Picadilly paints, Wavin, Flexi clay, Kabba, Builders stop center, PGL, Big homes, FGMB, Zobis, Norton, Hared, Leisure court, Efab, Bstan group, FTS, Ponglomerape, Constrix, Naval Building and construction company limited, Cherry hill, Onduvilla, Solartime, Olat, Midel Group, AMCON, Armese, Berger paints, JEDO, Silkcoat, FISH, Alaro city, Nuel Osilama Global Investment Limited, Voda paints, ABUMET, Realtypoint, Trustbond mortgage bank, PIL, Ellington, International lift and elevator, earthpoint, Aiben, Lasercraft, New cruise, A quapipe, Fabcom, Feratto, Cutix, Shandong Jiacheng Stone, Denam, GOFA, FA’AL, Uche silver international limited, Periwinkle residences, Highbright roofing, Lannik beauty, CAP Plc, AHCN, Sweethome, Bluestar, Asba and Dantata, Countrywide, Happy home, Prime properties, Octo5, Eximia, MBA Forex, Holborn and many more.

What Stakeholders Said about Successful 13th AIHS 2019

At the end of show, it was largely commended for setting the right tone for housing development in Nigeria and Africa and how it has cemented its place as a truly international platform for stakeholders.

For Debra Erb, the MD of OPIC who was attending for the first time, the Abuja International Housing Show has set a standard and requires more collaboration from government and private players.

‘’This show gives stakeholders a chance to gather and figure out ways to solve the affordable housing needs of people in Nigeria and Africa. The first thing to do about solving the affordable housing needs is talk to the actors, and this is what the Abuja International Housing Show is about. It is an impressive platform,’’ she said.

Also speaking on the significance of the show was Kecia Rust, the CEO of African Union for Housing Finance, AUHF.

‘’I thank the Abuja International Housing Show for this opportunity to showcase our organization and motivate for increased Nigerian participation in the network. You are doing a tremendous job for housing in Nigeria! Thank you for making the space for so many to collaborate with one another,’’ she said.

The Chief Executive and Managing Director of Shelter Afrique – the pre-eminent Pan African Housing Development Financial Institution – Andrew Chimphondah also had glowing words of praise for the 13th Abuja International Housing Show and its organisers.

‘’On behalf of the Board and Management of Shelter Afrique, we would like to thank you for including Shelter Afrique in this very auspicious Abuja International Housing Show (AIHS) to provide a key note address. We benefited from the strong networks that were created between Developers, Investors, Funders, Regulatory Authorities and all stakeholders in the Real Estate and Housing Sectors. Rest, assured that Shelter Afrique is re-energized in its quest in fulfilling its vision of providing decent and affordable housing for All Africans.

‘’We believe that with the shortage of Housing in Nigeria up from 17 million to 22 million in 2019 and the estimated shortage of Housing now up from from 51 million to 56 million. We can aspire to reduce it, because to eradicate it would require funding of US$1.4 trillion as a minimum.

‘’Let us continue as fellow housing activists to advocate through the Abuja International Housing Show for an eradication of this scourging housing deficit so that our fellow brothers and sisters can live a dignified life as a basic human right.

‘’I want to also commend the living legend, Festus Adebayo, for his selfless contribution in advocating the need to seriously address the housing crisis.

While speaking with Housing News, the retired officer who started Nigerian Army’s first housing cooperatives said that the 13th Abuja International Housing Show was phenomenal.

‘’I recall when the show started 13 years ago. It was quite small. It started with a really humble beginning. I am impressed to see the scale and the quality that it has come to be today. Of course there is room for improvement, but what we have seen today is phenomenal. It is quite clearly moving towards becoming the largest housing show that it portends to be in Africa,’’ he said.

For Anders Lindquist of Echostone, the 13th Abuja International Housing Show is the most significant highlight for their company and what they stand for.

Speaking on his impression of the show, he said; ‘’I was so moved by the reception we’ve received during our time at AIHS. I feel that EchoStone must say thank you for allowing us to share in this monumental event. Your hospitality has been instrumental in our success at the show. We’ve made far reaching connections in affordable housing, which offer the potential to bring over a million affordable homes to Africa – not to mention the massive amount of jobs that will follow.

‘’Without a doubt, the attendees of this conference have been some of the most dedicated, enthusiastic, and engaged of any that we’ve attended. Our entire company owes you a debt of gratitude for allowing us to present on two panels and participate in and outside the conference walls.

‘’Thank you for helping us to change the housing development landscape and join in this celebration of innovation. It has given our entire team a vision of our future in Africa that has inspired us all.

‘’So, again, I extend our sincerest thank you and look forward to the continued success of the AIHS conference, its participants, presenters, visitors, and yourself. I hope that it inspires us all to support and encourage one another toward successful and prosperous future for all of Africa. This is from me and the whole EchoStone team.’’

Robert Hornsby, Co-founder, American Home Builders of West Africa also commended the organisers for convening what he calls the most important platform for discussing affordable housing and associated issues in Africa.

On her part, Mounia Tagma of Affordable Housing Institute Morocco lauded the wonderful contributions of Abuja International Housing Show over the years in terms of how its bring together global stakeholders from public and private sectors to learn from each other, network and collaborate on projects that matter to them.

While speaking during the CEOs Forum of AIHS 2019, Hon. Abu-bakar Saddique Boniface, Minister of State, Ghana, said that the show is playing a critical role of tasking private sector stakeholders on their most important responsibilities.

‘’The private sector should be more positioned so that the government can always look to them for policy advice. The private sector are and should be the engine of the economy, and I appreciate how this show is representing that fact,” he said.

It wasn’t just the speakers that have good words for the show, Bhaska Roa of Royal Ceramics – one of the biggest exhibitors at this year’s show appreciates the show for offering them the opportunity to meet with industry leaders, buyers and respectable clients that has enhanced their business operations.

The impact of the Abuja International Housing Show is so much that Bhaska Rao and his Royal Ceramics team had to present a special award to the CEO of AIHS, Festus Adebayo at the closing ceremony on 26th July 2019.

The CEO of iBuild Global, Bob Weinschenk also appreciated the opportunity for stakeholders to focus on the most pressing issues in housing through AIHS.

Final Notes from Festus Adebayo, CEO of Abuja International Housing Show

On a final note, the CEO of Abuja International Housing Show, Festus Adebayo was full of appreciation for all participants, speakers and exhibitors from all over the world who came to be part of history at this year’s epic edition of the annual housing and construction show.

Festus Adebayo said he was very pleased with how the flagship show has metamorphosed into an all professionals affair. ‘’The platform is now more for professionals who are capable of solving the housing problems in Africa. While I am happy about that, I will be the first to say that more still needs to be done in ensuring that all the points raised during the show are put on the table for the government to start acting on those recommendations immediately.’’

Speaking in retrospect, he said that he believes that the goals set for the 13th AIHS which was to reveal alternative housing finance models have been considerably achieved.

‘’We wanted stakeholders to leverage on their experience and reveal more options for financing affordable housing in Nigeria and Africa. Luckily, we had the likes of Debra Erb, Kecia Rust, Hornsby, Lindquist and many more presenting sustainable alternatives for achieving this goal. A lot of stakeholders were fulfilled by the outcome of this year’s event with regards to how to reposition the sector.’’

He also said that the political will of the government should be seen in the removal of duties on building materials in order to enhance affordability.

‘’We can’t be talking of affordable housing if there is still heavy duty for building materials when our own steels rolling mills are not even working. Even if there is monopoly in the local manufacturing of materials like cement, government needs to intervene to reduce the cost for builders,’’ he encouraged.

The CEO assured stakeholders that every point raised by them will be put into action. ‘’In the next few weeks, all resolutions will be compiled and forwarded to whoever becomes the Minister of housing, the Presidency, Senate President, Nigeria Economic Summit Group, the Governors Forum, state Commissioners, NGOs, MBAN, REDAN and all professional bodies in the industry.’’

He urged everyone to look forward to an even bigger AIHS in 2020.

Source: Housingnews

Aso Rock Cabal Shops For Osinbajo’s Replacement •Popular South West Pastor Tops List

•VP may face corruption allegation

From within Aso Rock, words got out on Friday that the powerful cabal around President Muhammadu Buhari has concluded on forcing embattled Vice President Yemi Osinbajo out of office.

Despite the fog of uncertainty surrounding the fate of Osinbajo, nothing concrete is yet be traced to the president regarding the future of his deputy with whom he had shared a warm relationship since their joint victory in 2015.

But the president’s men are said to be unrelenting in their pursuit of an agenda reportedly aimed at abruptly ending Osinbajo’s presidential sojourn.

Amidst all these, the vice president, on Friday, in Ekiti State, accused insiders whom he described as fifth columnists of working against the interest of the government.

In weeks ahead, one major battle Osinbajo may have to fight is preventing corruption tar from leeching on him as allegations of corrupt handling of government agencies under him may soon hit the airwaves.

To a devastating effect, the administration has employed the anti-corruption campaign to uproot perceived enemies within the government.

 

Apart from Walter Onnoghen who was sacked from office as the Chief Justice of Nigeria for alleged failure to declare five domiciliary accounts belonging to him in his asset declaration form, the immediate past Head of Service of the Federation, Mrs Winifred Oyo-Ita was also relieved of her position on Thursday over an alleged corruption probe.

Aftermath her open clash with the powerful Chief of Staff, Abba Kyari, at the exco chamber in the Villa over the controversial return to office of fugitive Abdulrasheed Maina of the infamous Pensiongate, many within the system were counting days for her before being sent packing.

It was also predicted that allegations of corruption would be used in getting rid of her.

Both predictions came to pass and were accurate.

Maina, a former chairman of the Presidential Task Force on Pension, who fled the country and was declared wanted by the Economic and Financial Crimes Commission (EFCC), was smuggled back into the country and into the civil service in October 2017, triggering a national outcry.

On camera, an incensed Oyo-Ita was seen wagging her fingers in the face of an equally angry Kyari. Both eventually made up before the camera.

With the sack of a former Director-General of the State Security Service (SSS), Lawal Daura, Kyari is believed to be the face of the presidency cabal, though two other powerful figures (names withheld) not in government are also said to call major shots.

 

Search for replacement

Beyond the drama of the past week within the presidency, which has seen Osinbajo in the eye of the storm regarding his continued relevance in the administration’s second term in office, Saturday Tribune was informed by a well-placed Villa source that names were already coming up as possible replacement for the vice president.

Topping the list of those being considered is said to be a popular pastor for what is deemed an appropriate replacement and balancing.

Osinbajo, aside from being a Christian, is a pastor of the Redeemed Christian Church of God (RCCG) and an ally of the denomination’s influential general overseer, Pastor Enoch Adeboye.

Although other names are reportedly being bandied as his possible replacement, the said pastor appears to fulfill all the requirements, being also a Christian, a popular pastor and equally from the south-western part of the country like the vice president.

It was further learnt that those who want to see the back of Osinbajo are considering two major exit strategies: either his forceful resignation or impeachment through the National Assembly.

A source around the vice president said his in-house traducers are already seeing him to be toast with the conviction that it may not be too difficult forcing him to resign when brought under pressure.

Osinbajo’s lack of meaningful political structure outside of Senator Bola Tinubu’s is likely emboldening those seeking to rid the presidency of him.

The vice president’s major sin for which he has reportedly not been forgiven, according to an insider source, is beyond the actions taken when the president was hospitalised in the United Kingdom.

As the acting president, Osinbajo saw to the Senate confirmation of Justice Walter Onnoghen as the nation’s substantive Chief Justice, though Buhari eventually got rid of him through a controversial suspension following an alleged failure to declare all his assets as required by the law.

Onnoghen, the first southern Christian CJN in over 28 years of northern domination, was replaced with Justice Mohammed Tanko.

Osinbajo also got the controversial erstwhile Director General of the SSS, Daura, fired following a siege to the National Assembly.

The then acting president publicly said he consulted the then ailing president before making the decisions.

Daura has been seen around the seat of power since Buhari assumed full duties.

However, the public denial of the much-despised Ruga policy of the Buhari administration by Osinbajo, following a national outcry, is said to have been the deal breaker for the presidency cabal.

The back-and-forth between the vice president’s office and the Myetti Allah over Ruga and the insistence by the former that Ruga isn’t the same as the National Livestock Transformation Plan (NLTP) against the position of the latter further mobilised national and international outcry against the policy.

Buhari’s administration later succumbed to the global condemnation and scrapped the idea, which was aimed at having strictly Fulani settlements in local governments across the country.

The cabal, according to information available to Saturday Tribune, is holding Osinbajo responsible for the unnatural death of the Ruga agenda, believed to have been packaged by the administration to favour the Fulani stock of the president.

Despite the decision by nearly all northern governors to buy into NLTP as against Ruga and with Osinbajo being actively involved, the party is reportedly considered over for him in the current power project, hence the resolve, according to available information, to kick him out.

A political associate of Osinbajo told Saturday Tribune he didn’t see any big deal in the alleged raw deal coming the way of the number two man.

When asked if he had discussed the current realities with the vice president, he said he could only volunteer an opinion when asked.

Osinbajo has been variously accused of sidelining many of his associates while only relating closely with those who are of the Redeemed church.

A senior lawyer had told Saturday Tribune of efforts he made to see the vice president for a serious national issue only to realise that none of the appointments given him materialised.

There is also a perception that the chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler’s recent query from the Villa was part of the assault against the camp of the vice president, considering their long-running friendship.

Osinbajo’s name has featured frequently and prominently in the 2023 presidential permutations and many commentators, pressure and political groups from the North have said 2023 should not be an exit point for the zone.

The vice president is yet to make any comment about running for president.

Source: tribuneonlineng

Fannie Mae: Cheap Mortgage Rates Will Push 2019 Refinancings to Three-Year High

Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high.

The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018. Fannie Mae a month ago projected the average fixed rate would be 3.7% in the fourth quarter and annual refinancing volume would be $638 billion.

“The decline in our mortgage rate forecast since last month led us to revise upward our forecasts of refinance originations in both 2019 and 2020,” Fannie Mae said in a statement. “With rates declining almost an entire percent and a half from the peak last November, fewer homeowners have mortgages at rates lower than current market levels, meaning homeowners are less likely to feel `locked-in’ to their current mortgage.”

The overall view of the economy was pessimistic, even though the U.S. trade war with China hadn’t worsened in the last month.

“Businesses enjoyed at least a temporary respite from further escalation of U.S.-China and other trade disputes, but the month brought both confusion in the U.K. regarding the government’s Brexit plan and renewed evidence that the U.S. manufacturing sector is not immune to the global manufacturing slowdown,” the forecast said. “Perhaps more ominous, the month also brought signs that the resilience of consumer spending may be starting to wear thin, with weak growth in employment and a sharp turn downward in consumer sentiment.”

Fannie Mae lowered its outlook for existing home sales, though not by much. Resales of homes probably will total 5.324 million this year, a drop of 0.3% from 2018. A month ago, the forecast projected a 0.1% decline.

New-home sales got a small upward adjustment. Builders probably will sell 666,000 single-family homes in 2019, a gain of 7.9% from last year. Last month, Fannie Mae said it was expecting 659,000 sales.

“The lack of existing home inventory is supportive of new construction. We continue to expect single-family housing starts to move modestly upward through the remainder of the year, even as builders continue to face labor and land constraints,” the forecast said.

Ag-HoS Yemi-Esan Receives Hand Over Note From Oyo-Ita

The acting Head of the Civil Service of the Federation (HoCSF), Dr Folashade Yemi-Esan, yesterday resumes duty after receiving a 153-page handover note from Mrs Winifred Ekanem Oyo-Ita, who was asked to proceed on an indefinite leave.

A statement on Wednesday night in Abuja, signed by the Director, Information, Office of the Secretary to the Government of the Federation (OSGF), Mr. Willie Bassey, said the removal of Mrs Oyo-Ita was to allow for the conclusion of the investigation being carried out by the Economic and Financial Crimes Commission (EFCC).

Daily Trust reports that Mrs Yemi-Esan and Mrs Oyo-Ita met briefly in the morning yesterday before the final handing over later in the evening.

The Director, Information, Office of the Head of Civil Service of the Federation (OHoCSF), Mrs Olawunmi Ogunmosunle, in a statement yesterday, said the new HoCSF finally took over at 6.40pm.

According to the statement, “Dr Yemi-Esan in her remarks acknowledged the hard work and dedication to duty of the outgoing Mrs Oyo-Ita and promised to build on her achievements.

“There is no reinventing the wheel. I will only build on the sound foundation and structure which she has left behind because government is a continuum.” Earlier in her handing over speech, Mrs Oyo-Ita said her almost four years as the HoS was eventful.

Source: dailytrust

AfDB Approves $500,000 Grant for clean Energy in Nigeria

The African Development Bank (AfDB) has approved 500,000 dollars grant to support the development of clean energy in Nigeria.

The grant was approved under the AfDB’s Sustainable Energy Fund for Africa (SEFA).

SEFA is a multi-donor facility established to unlock private sector investments in small to medium-sized clean energy projects in Africa

Wale Shonibare, the bank’s Acting Vice President for Power, Energy, Climate Change and Green Growth said the grant would also support launch of the Nigeria Energy Access Fund (NEAF).

NEAF is a new private equity fund developed by `All On’, a Nigerian impact investment firm financed by Shell.

Shonibare pointed out that NEAF would make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors.

“NEAF will be a first-of-its-kind facility to provide eligible projects and businesses with equity solutions that are currently unavailable in the market.

“Nigeria requires bespoke and innovative market-based solutions to provide its off-grid population, estimated at 100 million, access to sustainable sources of energy.

“The SEFA grant will be instrumental in the constitution of NEAF, and ultimately, the mobilisation of much-needed private sector investment for clean energy.

“The grant will support specific work streams to set NEAF in motion and enhance its engagement with private and public sector investors.

“Once operational, NEAF is expected to complement the bank’s wide range of sustainable energy initiatives currently being implemented in Nigeria,’’ Shonibare said.

He added that SEFA’s support to NEAF was aligned with the New Deal on Energy for Africa and the bank’s priorities, especially ‘Light Up and Power Africa.

The project, which conforms with AfDB’s Energy Sector Strategy, is expected to boost Nigerian government’s power sector recovery plans.

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