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Co-living Needs to be part of Solution to Solve Housing Crisis- Minister

Co-living Needs to be part of Solution to Solve Housing Crisis- Minister

Ireland Minister for Housing Eoghan Murphy has insisted that co-living is part of the solution to addressing supply issues.

The model provides en-suite bedrooms with shared, communal living areas and is similar to student accommodation but aimed at young, working professionals.

New figures from the CSO this week show a 23% increase in home completions in the first quarter of this year.

However, opposition politicians have been highly critical of the government’s policies.

Co-living

Minister Murphy says we need to start building the right type of homes.

“The challenge we face at the moment, as supply is increasing, is becoming more of a question of not increasing supply, which is happening now quite dramatically, but what we’re building and where,” he said.

“It becomes more of a planning issue. So as we increase supply, we have to make sure we’re building the right types of homes.

“That means student accommodation, it also means accommodation for the elderly. It also means places to rent. So what we’re doing with co-living is bringing around another option, another choice for people, if they choose to go for it.

“In the guidelines that we have published, it’s about bringing forward apartments with some co-living space as well,” he said.

Source: breakingnews.ie

Planning Guidelines ‘Allow for very Tall Buildings’ to solve Housing Crisis, says Minister

Ireland Housing Minister has said a change to planning guidelines on the height of buildings will help with the housing crisis.

Eoghan Murphy has acknowledged that thousands of new apartments are needed to tackle the issue.

Latest CSO figures show an increase in the number of home completions in the first quarter of the year.

The guidelines on height and density were amended last year.

Minister Eoghan Murphy says the measure is aimed to improve housing availability across the country.

He said: “While last year we changed the planning guidelines so people could build a lot higher and also increased the densities as well, not just in city centres and not just in Dublin but also around transport corridors too.

“What we are trying to do is, yes, allow for very tall buildings that can have many functions from retail to commercial to residential. But actually it’s about increasing the shoulder height across the city, that’s how you really achieve density.”

Source: breakingnews.ie

 

Development Bank of Nigeria MD Becomes CIBN Fellow

Managing Director of the Development Bank of Nigeria (DBN), Mr Tony Okpanachi, has become a fellow of the Chartered Institute of Bankers of Nigeria (CIBN). The event was held at the Federal Palace Hotel, Victoria Island, Lagos on Thursday, May 16, 2019.

Mr Okpanachi was given this honorary fellowship awards alongside other five distinguished bankers in recognition of their contributions to the banking industry and the nation’s economy.

The award was the first ever extraordinary Investiture of the Institute held outside the regular CIBN Investiture series.

A seasoned banker of over 29 years’ experience, Mr Okpanachi was appointed the pioneer Managing Director/CEO of Development Bank of Nigeria Plc (DBN) in January 2017. Before his appointment as MD/CEO of DBN, he was the Deputy Managing Director of Ecobank Nigeria.

Prior to that, he was the Managing Director, Ecobank Kenya and Cluster Managing Director for East Africa (comprising Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan and Ethiopia). He was also at various times Managing Director of Ecobank Malawi and Regional Coordinator for Lagos and South West of Ecobank Nigeria.

Commenting on the recognition, Mr Okpanachi said, “I am delighted to be recognized by the professional association that I have been a member of for close to three decades now.

“To me, this award is a call for more commitment to both the banking profession and the Nigerian economy at large.”

The event was graced by dignitaries such as the former Head of State, Mr Yakubu Gowon, who was the Chairman of the occasion and the Founder and Chairman, Dangote Group of Companies, Mr Aliko Dangote, who was the Special Guest of Honour.

Other guests included management of banks and other financial institutions, regulatory agencies, captains of industry, diplomats, government functionaries and other stakeholders.

Housing Authorities Must Replicate Old Lugbe Housing Scheme – NIESV Boss

The President, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr Roland Abonta, believes that 17 million housing deficit often touted by housing authorities as what the country requires to meet its housing needs might not be totally correct.

This, according to the housing expert and property business man, demonstrates a lack of housing planning in the country.

Similarly, the NIESV boss charged relevant authorities to encourage authorities on building affordable housing in the FCT, saying that the current practice of building upscale houses may not be of benefit to the National Housing plan.

“The biggest challenge in the housing sector is the issue of planning. If you plan for nothing, you also target at nothing. 

 Over the years, housing has been made a political issue such that every administration that comes into power spends some huge money that is not based on any indices at all. They do not know what they are providing for, neither do they attain the goal they set for themselves. But at the end of the day, some budget has been spent.

“So where to start is to plan for housing. Where do you start with? It is to know what you need, which brings us to the issue of proper housing survey” he said.

He said the 17 million housing deficit being bandied about may not be correct because there was no empirical figure to back up the claim.

He maintained that housing survey is necessary to determine the housing stock, and the existing housing needs in the country, adding that adequate planning will bring all other problems into proper perspective.

Abonta said it will be impossible for low income earners to own their houses with the kind of housing arrangements and financing available in the country.

According to him, elsewhere in developed society there is always provision for social housing, stressing that the NIESV had in past harped on establishment of such housing scheme in the country to no avail.

He said that a responsible system or government will insist that investors in the housing would dedicate a reasonable percentage to low income people.

He accused Federal Housing Authority (FHA) of building big houses, and I am yet to know when they will do the kind of thing they did in Lugbe in those days which was called National Housing Programme, he lamented.

Abonta, making this declaration recently, said that Nigeria is breeding criminal elements with the wrong approach to housing provision.

He therefore, called on Federal government and stakeholders in the housing sector to stop playing politics with the issue of housing, and engage in proper planning towards solving the problems of housing deficit in the country.

The NIESV President spoke during the Inaugural meeting of the 2019/2020 National Council of the Nigerian Institution of Estate Surveyors and Valuers in Abuja.

He maintained that Nigeria would become a better nation the moment stakeholders stopped playing politics with housing issues. 

“If you allow me, I will call on government, and call on people of Nigeria to be honest with the issue of housing. It is not a political statement. It is a human requirement ranked as number two amongst human needs. The day we stop playing politics with it, the day we stop joking with it, then we will be a better nation.

“People do not know the ripple effects, a man who woke up in an indecent environment, brought up in an indecent environment, when he comes out the tendency is for him to get angry with nature; the criminal elements of today had a very poor background. Nigeria is breeding criminals with wrong housing provision. And the moment we stop that we will do better,” added.

Enugu Restores ESUT’s Multi-Campus Structure

The Enugu State Executive Council has voted to return the Enugu State University of Technology (ESUT) to its original multi-campus structure as established by the Chief Jim Nwobodo’s administration in 1980.

The council’s decisions followed a proposal to restructure the ESUT, so that various specialist learning centres can be established for each senatorial zone, which include science, engineering and technology at Agbani (East), education at Ihe (West), and medical sciences at Igboano (North).

The specialist centres will not only bring tertiary education closer to the grassroots, but will facilitate rapid socio-economic development of all zones in Enugu State.

The Commissioner for Information, Ogbuagu Anikwe, who made the disclosure, said three schools originally proposed for Enugu North senatorial zones, which are faculties of medical sciences, agriculture, and social sciences, would be returned to the zone, while the ESUT faculty of education would relocate to Enugu West, to be domiciled at the new University of Education, Ihe, in Awgu Local Government.

Governor Ifeanyi Ugwuanyi, who chaired the meeting, noted that although the site for Enugu North campus of ESUT was yet to be determined, the faculty of medical sciences would take advantage of the 400-bed specialist hospital currently under construction at Igboano to serve as teaching facility for medical students.

Council noted that relocating the school of medical sciences would rapidly decongest and take the pressure off the Enugu Park Lane Hospital, which has been struggling for expansion since its conversion to a teaching hospital.

The sum of N1.5 billion was approved in the 2019 state budget for construction of key facilities at Igboano Specialist Hospital/ESUT Teaching Hospital, including construction of access road, external works (fencing and landscaping) as well as the provision of water and electricity.

The state executive council, however, voted to increase the budget to N2 billion, following the decision on multi-campus structure for ESUT and additional facilities.

For Enugu West  zone, in addition to the ultramodern administrative building, which is already under construction at the university site in Ihe, council also voted to construct an access road to the university.

Source: Sunnews

Family Homes Funds to Partner Stakeholders on Housing Finance Innovation Lab

The Managing Director, Family Homes Funds (FHF), Mr. Femi Adewole, has said it would promote an alliance with relevant organisations to establish its Housing Finance Innovation Lab.

 

Disclosing this at the 2019 Real Estate Development Association of Nigeria (REDAN), Building Expo on Tuesday in Abuja, Adewole listed its partners to include universities, Primary Mortgage Banks, Nigeria Mortgage Refinance Company (NMRC), Federal Mortgage Bank of Nigeria (FMBN), REDAN and Cooperatives among others.

 

He said that the alliance would expand access to home financing for people on low income in the country. “We must find a home grown solution,’’ he said.

 

While delivering a paper entitled “Affordable Housing for Nigerians on Low Income-Social Intervention’’ Adewole said that about 90 per cent of Nigerians were excluded in home ownership. He said the FHF was focusing on two keys to drive home ownership which included `Help to Own Fund’ and `Rental Housing Fund’.

 

The FHF Boss described the Help to Own Fund as a fund which could provide payment loan to eligible buyers on concessionary terms to help enhance affordability. He said that eligible buyers were required to contribute 10 per cent of the purchase price while the completion cost (90 per cent) was funded by a conventional 50 per cent mortgage from the existing mortgage lenders and 40 per cent loan from FHF.

 

He said, “FHF loan requires no repayment in the first five years; the borrower commences repayment on the FHF loan with a starting interest rate of 3.5 per cent per annum in the sixth year. In order to own the home outright, both loans have to be fully repaid by the end of 20 years.

 

Listing some of its potential impact and targets, he said the fund had significant enhancement of affordability for people on low income with spin effect of stimulating supply of new homes.

According to him, it complements existing home financing options like bridging the National Housing Fund, and commercial mortgages. “We expect to write about 3000 loans in 2019 (pilot stage) growing up to 25000 by 2021.

On `Rental Housing Fund’, Femi said it believed that if effectively executed, the intervention would have the most transformational effect on housing market in the medium term.

“It has the potential to unleash supply and grow the housing developer market including new technology. It will boost possibility of tax breaks and other concessions. The expert however said that real estate in the country would be doing to itself a disservice if it did not align itself with policy directives.

In a report fielded by an agency, Family Home Fund is a Social Housing Programme initiated by the Federal Government to provide inexpensive mortgages for low-income individuals and families across the country.

The high point of the expo tagged “Real Estate Development, the Bedrock for National Economic Stability’’ was the launching and hoisting of the National Real Estate Data Collation and Management Programme (NRE-DCMP) NMRC portal.

Source: Sunnews

Inadequate Financing Cause of Nigeria’s Housing Deficit – Prof Charles Inyangete

The widening housing deficit in Nigeria has been blamed on the lack of adequate financing.

A development expert, Professor Charles Inyangete pushed this opinion at a facility management forum in Abuja.

Mortgage housing finance has remained a major setback for Nigerians to own homes of their own, as most mortgage institutions only build houses that are affordable by high-income earners.

Inyangete says financing in Nigeria is very expensive going by the interest rates which are usually double digits.

He stated that one of the ways Nigeria can bridge the gap of housing deficit is constructing new, affordable houses.

One other major issue at the front burner is the need for the government to pay urgent attention to facility management.

Government has also been advised to come up with penalties for the owners of empty houses in the country.

Source. Aitonline

Zimbabwe’s President Fires Power Minister After 8 hours Power Outage

Mr. Joram Gumbo, Minister of Energy and Power Development in Zimbabwe, has been fired by President Emmerson Mnangagwa, as the South African nation goes through its worst blackout in three years.

TheCable reports that the minister had licensed over 30 companies to provide solar power to the country and that he had concluded plans to travel to Mozambique, a neighbouring country, to tie up an electricity supply deal.

But President Mnangagwa had other ideas as he relieved Gumbo of his job and replaced the embattled cabinet member with Fortune Chasi, the Deputy Minister for Transport and Infrastructural Development.

The state-owned Zimbabwe Electricity Transmission and Distribution Company (ZETDC), announced that there will be blackouts across the country for about eight hours daily.

 ZETDC cited a drop in output at its largest hydro plant and ageing coal-fired generators for the load shedding and blackouts.

 

“The power shortfall is being managed through load shedding in order to balance the power supply available and the demand,” ZETDC said in a statement.

Reuters reports that the last time Zimbabwe experienced a blackout this serious was in 2016 after a devastating drought.

 

Zimbabwe is currently producing 969 megawatts (MW) daily against peak demand of 2,100 MW, as water levels lower and coal supplies to generating plants plummet.

Zimbabwe reportedly experienced low amounts of rainfall during the 2018-2019 rainy season, a situation that negatively affected hydro dams in the country.

But Nigeria does it differently

Africa’s largest economy, Nigeria, has been experiencing longer hours of blackout since independence in 1960, with no consequences whatsoever for officials in charge.

Babatunde Raji Fashola, SAN is a Nigerian lawyer and politician who is currently the Federal Minister of Power, Works and Housing (360dopes)

Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola recently told a blackened nation that there is little the government can do to improve the electricity situation because the power sector was auctioned to private sector players in 2013.

In public discourse after another, Fashola continues to pass the buck to the Nigeria Electricity Regulatory Commission (NERC).

“There are problems without a doubt and we must deal with them. But let me remind you, all of the assets that the Ministry of Power used to control for power have been sold by the last administration before I came. And so if you don’t have power, it is not the government’s problem. Let us be honest.

“The people who are operating the power sector, generation and distribution are now privately owned companies. I am here because I am concerned. If your telephone is not working, it is not the minister of communication that you go to. Let us be very clear.

“So for those of you who want to weaponize electricity, face the businessmen who have taken it up. Let us be honest. If your bank over-charges you interest, is it the minister of finance you go to? So let’s be clear. This is now a private business by Act of parliament 2005.

“My role is regulatory, oversight and policy, but I have a problem which is the fact that I can’t see a problem and turn my back, so I’m getting involved. So the people you should be talking to about transformers is not me, the ministry doesn’t supply transformers anymore”, Fashola was quoted as saying in December of 2018.

The frequent collapses of a fragile grid

On Wednesday, May 8 and Thursday, May 9, 2019, Nigeria’s electricity grid collapsed for the umpteenth time, compounding the nation’s energy woes, subsuming an entire nation in swathes of darkness, crippling business activities and sending millions to gas stations to purchase petrol for noisy generators.

It would be the sixth time Nigeria’s power grid has collapsed in 2019.

The Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, announced this week that electricity generation stood at 2,441MW, dropping by 1,682MW from 4,129.2MW.

The system operator puts the nation’s installed generation capacity at 12,910.40MW; available capacity at 7,652.60MW; transmission wheeling capacity at 8,100MW; and the peak generation ever attained at 5,375MW.

TCN Managing Director, Usman Mohammed, says power has worsened in Nigeria because the Distribution Companies (DisCos) are turning back electricity.

“Since I became the MD of TCN, the system instability recorded in the last two days (Wednesday and Thursday) was the worst because there was no time that we had system instability where the restoration took a longer time like this.

“And the reason is – we had a high voltage caused by the fact that electricity load was being rejected by the Discos. And the load was not being picked because of weak distribution network. So that is the reason for that instability”, Mohammed said.

 

Fashola and President Buhari crunch numbers at the APC situation room during the 2019 election (Presidency)

President Muhammadu Buhari rode to power in 2015 partly on the back of a promise to improve power supply to homes and businesses.

But outages and erratic supply of power remain recurring themes across Africa’s most populous nation.

Buhari won the February 23, 2019 presidential election and would kick off a second term in office on May 29, 2019.

Source: Pulseng

FG Increases NYSC Allowance to N30,000

The allowance of members of the National Youth Service Corps (NYSC) has been increased to N30,000 by the federal government. The disclosure was made by the minister of finance, Zainab Ahmed, who however, noted that the federal government is still working out modalities before the implementation of the new allowance for corps member.

The minister made the disclosure in Abuja on Thursday, May 16, during a press conference where she added that the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments.

She said: “The other aspect that should be clear is that there is an increase for the NYSC as well because NYSC, by its Act, is designed that they earn the minimum wage.”

“So, NYSC allowance also has to increase to N30, 000. So, I cannot give you projections right now because the negotiations are not yet concluded.” Legit.ng previously reported that the former director general of the National Youth Service Corps (NYSC), Major General Suleiman Kazaure, said that the increment of allowances for corps members would be considered as soon as the minimum wage increment was approved.

Kazaure stated this in Abuja on Friday, March 29, during the swearing-in ceremony of 3,022 Batch A corps members into the FCT orientation camp.

The NYSC ex-DG said all hope was not lost as the scheme was waiting for the federal government to sign the minimum wage into law. He urged the newly sworn in corps members to conduct themselves properly while in camp and shun drug abuse. The NYSC ex-boss advised them to remain patriotic after being posted to their communities of primary assignments and ensure that impacts were made in their host communities.

Declaring the orientation camp exercise open, the minister of the FCT, Alhaji Muhammad Bello, who was represented by the director of administration and finance of the ministry, Hajiya Safiya Umar, also urged the new batch of corps members to be hard working.

Source: Legitng

AIHS to Organise 1-day Training for Exhibitors – Find Out When

The organisers of the 13th Abuja International Housing Show (AIHS) will hold a 1-day pre-show training event for managers of exhibitors’ stands at the main show which is billed for 23rd to 26th July 2019.

The organisers have a history of ensuring a seamless and professional show where every exhibitor is fully aware of how to make the most of show in terms of exhibition and sales. All companies and businesses that have registered for exhibition are to send in their representative or manager of their exhibition stand.

As an international show with many exhibitors from all over the world, every exhibitor ought to know before-hand the best strategies for performing very well at the exhibition.

The training which is on the 17th of July will also provide important instructions on how to set up an appealing stand that will suit the exhibited products in a way that can attract the right clients and customers.

The training will teach the exhibitors on how to exploit opportunities in the show that can help them make better sales than others. Some exhibitors do not perform very well because of little knowledge about how to effectively present and market their brands. The purpose of this training is to help exhibitors avoid that mistake.

Sometimes, there is a conflict of interest between exhibitors, especially neighbouring ones. This is usually because there was no prior training about how to handle their spaces and clients. This training will address such issues to avoid any rancour.

The training will also teach exhibitors on how to approach their clients and customers without pouncing or harassing them.

The training will also help exhibitors know how to identify the kind of clients that will only waste their time and how to avoid them.

The training will also help exhibitors know how to follow-up professionally on their newly established customers and clients.

All these and more will be the benefits for attending the exhibitors’ training which will take place on the 17th of July 2019.

By Ojonugwa Felix Ugboja

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