Reporter

Lagos LGAs, BCPG Sensitize Citizens on Building Collapse

The Building Collapse Prevention Guild has revealed plans to collaborate with  all  Local Governments and Local Council Development Areas of Lagos State to create awareness against building collapse at the grassroots.

The group said enlightenment remained a key part of eradicating the menace of building collapse in Lagos State and the country at large.

The Coordinator, BCPG Badagry Cell, Mr Olajire Olaniyi, during the group’s visit to the palace of Akran of Badagry Kingdom, De Wheno Aholu Menu-Toyi 1, said the guild had commenced a campaign for zero tolerance to building collapse.

He said, “Fortunately, there has not been incidence of building collapse in Badagry, but more efforts need to be put in place to ensure no such incidence will be experienced. This can be achieved through grassroots sensitisation of the residents to use standard building materials, obey codes and conducts and always engage the services of professionals in their housing construction.

“Badagry is the next point of development because after completion of the Lagos-Badagry Expressway, lots of local and international investors will come into Badagry. It is not until a building collapses, we start shedding tears. We need to sit up and continuously push for proactive measures to ensure zero per cent building collapse.”

He said the guild would not relent in its advocacy and efforts towards attaining a zero per cent building collapse across Lagos State.

The Secretary, BCPG Lagos State, Mr Friday Chukwu, said it had become necessary for stakeholders to focus more attention on the quality of materials and workmanship.

He stated that this could also help in ending building collapse as the quality of building materials and how they were applied had huge impact on buildings.

He cautioned residents to be cautious of developers or landlords who renovate or paint distressed buildings to make them look new, without carrying out structural integrity tests.

Meanwhile, the President, Nigerian Institute of Quantity Surveyors, Mr Obafemi Onashile, has attributed increased cases of building collapse in the country to defective construction laws still in use.

He said as an anti-dote to end such incessant cases, the National Assembly should expedite action and pass the bill on ‘Construction Industry Health and Safety’ sent to the lawmakers by surveyors and subsequently assented to by the president.

Onashile spoke at the institute’s southeast zonal workshop in Owerri, with the theme, ‘Construction industry health and safety management.’

According to him, Factories Act of 1974 as amended, cannot solve the modern needs in the industry, urging President Muhammadu Buhari, to as a matter of necessity, establish Construction Industry Board which will comprise experienced professionals in the building industry to ensure decisions and implementation of related issues are carried out.

He said, “We have told President Buhari that we need to have Construction Industry Board. It will form part of the approach towards solving this problem. We have MoU with relevant ministries and departments. That is the last threshold of it. By the grace of God, that will come to pass very soon.

“The issue of building collapse is because the construction industry and laws in our country, especially, the Factories Act of 1974 – 2004 are defective. That is why we are having collapse buildings.”

Maureen Ihua-Maduenyi

Nigeria mismanaging Excess Crude Account – IMF

The Director, African Department at the IMF, Abebe Selassie , in an interview with Nigerian  journalists after presenting the regional economic outlook on the sub-Saharan Africa at the ongoing joint annual spring meetings with the World Bank in Washington DC, explained that though the country had done well with the Sovereign Wealth Funds managed by the Nigeria Sovereign Investment Authority, it decried the poor handling of the Excess Crude Account.

Selassie said, “There have been two Sovereign Wealth Funds in Nigeria. There has been the Excess Crude Account and the Nigeria Sovereign Investment Authority. The NSIA has been run transparently and based on standard best practice and it has been doing a good job.

“The concern that we have is about the ECA, because if you recall that the ECA economically was set up to save resources when oil prices are high, and to be drawn on when oil prices are low. We do not think that the ECA has been doing effectively enough job that way.

“Because you see, when oil prices fell, the economy was very hard in the last couple of years, we feel like much better job could have been done, saving enough more in the ECA when oil prices were at $100 and $120 per barrel.”

Former President Olusegun Obasanjo established the ECA in 2004 to promote savings and every dollar above the annual oil benchmark was deposited in the account. The Obasanjo government built up the ECA to $20bn at the end of its tenure in 2007.

However, successive governments since after Obasanjo have grossly abused the ECA and treated it like a slush fund that could be spent by the President and the governors whenever they wanted.

For instance, the withdrawal of about $Ibn and another $496m from the ECA by President Muhammadu Buhari without the constitutionally required legislative appropriation sparked outrage from some states and opposition political parties recently. The funds were said to have been used to intensify the fight against Boko Haram and acquire military aircraft from the United States.

Using the management of the ECA as a basis, the IMF had ranked Nigeria second-worst performer on the Sovereign Wealth Funds user index only ahead of Qatar in the Fiscal Monitor report also released on Wednesday.

Though the IMF said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered, Selassie clarified on Friday that IMF considered the ECA and not the fund managed by the NSIA (which was put at $2.15bn as of May 2018) to arrive at Nigeria’s Sovereign Wealth Fund ranking.

The IMF also urged Nigeria to sign the Africa Continental Free Trade Area Agreement noting that when completed, the trade deal would establish a market of 1.2 billion people with a combined GDP of $2.5tn.

Recall that President Muhammadu Buhari has yet to sign the AfCTA, saying the country could not afford to go back to the days of signing agreements without understanding and planning for the consequences of such actions.

Selassie said, “From our perspective, we think that the AfCTA will help the region integrate; it’s been the dream of our leaders dating back to independence days and we think that it’s a very important initiative and beyond politics, it will have a positive impact economically.

“Like all trade agreements, like all integration measures, there can be adverse effects but these can be identified and policies are introduced to address those. We have to look at the big picture. Coming to Nigeria specifically, we think that Nigeria will also benefit as the largest economy from joining the AfCTA and being a full participant of that. In my view, looking at how dynamic Nigeria is and looking at the business people Nigeria has, the wealth of talent and entrepreneurs that it has, I don’t think you have to fear anybody else in terms of competition.”

The Managing Director of IMF, Christine Lagarde, had on Thursday called on the Federal Government to remove fuel subsidy, saying it was the right thing to do.

According to the IMF 2019 Article IV Consultation on Nigeria, phasing out implicit fuel subsidies while strengthening social safety nets to mitigate the impact on the most vulnerable will help reduce the poverty gap and free up additional fiscal space in Nigeria.

Selassie, who reiterated the same position, noted that removing subsidy was important because the lion share of the benefit of the subsidy went to the rich people.

By Dayo Oketola

Rwanda records over $2 billion Investment

Investment levels in Rwanda reached $2 billion since the beginning of this year, according to data recently released by Rwanda Development Board (RDB).

Figures by Rwanda’s Development Board (RDB) show 173 projects worth US$2 billion had been registered in the country by the beginning of 2019, boosted by major manufacturing and mining projects.

This figure is expected to increase in the coming months.

In the last few years, the country become an investor magnet because of its stable political climate and its economic growth.

Rwanda launched initiatives such as Kigali Special Economic Zone, a designated area on the outskirts of the city, which accommodates manufacturing companies. The zones have attracted international companies such as Volkswagen opening factories.

The government gives investors access to plots at a subsidized rate among other incentives.

“About 31 000 jobs were created in the economy related to those investments showing an increase in business activity,” said RDB’s Chief Investment Officer Guy Baron.

Rwanda’s economy is expected to grow by 7.8 percent in 2019 helped by farming, mining and construction.

Over two decades after the 1994 genocide, Rwandan president Paul Kagame has been hailed for the economic recovery but rights groups say he has muzzled independent media and suppressed opponents.

Africa Property New

Kenya Invites Private Land Owners for Affordable Housing Program

Kenya will partner private landowners to implement a development blueprint on affordable housing, Charles Mwaura, Principal Secretary of the State Department for Housing and Urban Development, said on Friday.

Mwaura said that individuals, who own huge tracts of land have been invited to become partners in the implementation of the mass housing programme.

“We are interested in getting private landowners into the affordable housing programme provided they will comply with the stipulated guidelines,” Mwaura said.

Mwaura added that a legislative framework had been in place to facilitate private investments in low-cost shelter.

Kenya aims to develop 500,000 housing units annually as part of the Big Four Agenda outlined by President Uhuru Kenyatta to transform the country.

Government statistics indicated that Kenya has an annual housing deficit of 200,000 units thanks to bottlenecks linked to high cost of land, archaic regulations and volatility in the real estate sector.

Mwaura said that availability of land is key to bridging housing deficit in the rapidly growing urban centres.

“Private landowners will help us develop projects that would be added to the affordable housing programme pipeline. The government will facilitate strategic partners to deliver low-cost shelter to citizens,” Mwaura said.

The state will invest in supportive infrastructure such as access roads, clean water, sewerage and power to pave way for construction of affordable shelter in major cities and towns, he said

Private landowners will be lumped together with financiers and contractors, who have already been roped in to help implement the affordable housing programme, the official said.

“Currently, we are receiving applications from partners with technical and financial capabilities to develop housing units for the low-to middle-income groups,” Mwaura said.

The affordable housing programme is expected to promote social equity, stimulate economic growth and create an estimated 350,000 direct and indirect jobs by 2022, he said.

Remove Fuel Subsidy, Use Funds To Build Hospitals, Support Education, IMF Tells Nigeria

The International Monetary Fund (IMF)  has advised the Nigeria government to remove fuel subsidy and direct the money to the provision of social amenities for the country.

Christine Lagarde, Managing Director of IMF, gave the advice during a press conference at the ongoing joint annual spring meetings with the World Bank in Washington DC.

Lagarde stated that with the low revenue the country is generating, removal of fuel subsidy would enable it to have enough funds to provide the social needs of the people.

Lagarde said: “I will give you the general principle. For various reasons and as a general principle, we believe that removing fossil fuel subsidies is the right way to go. If you look at our numbers from 2015, it is no less than about $5.2tn that is spent on fuel subsidies and the consequences thereof. And the Fiscal Affairs Department has actually identified how much would have been saved fiscally but also in terms of human lives if there had been the right price on carbon emission as of 2015. Numbers are quite staggering.

“I would add as a footnote as far as Nigeria is concerned that, with the low revenue mobilisation that exists in the country in terms of tax to GDP, Nigeria is amongst the lowest. A real effort has to be done in order to maintain a good public finance situation for the country. And in order to direct investment towards health, education, and infrastructure.

“If that was to happen, then there would be more public spending available to build hospitals, to build roads, to build schools, and to support education and health for the people.”

She added that the continuous payment of fuel subsidy could lead to a lack of social protection safety net for the people.

“Now, how this is done is the more complicated path because there has to be a social protection safety net that is in place so that the most exposed in the population do not take the brunt of the removal of subsidies principle. So that is the position we take.”

Sahara Reporters

 

Nigeria 2019 Budget Breakdown for Roads, Housing and Power

In December, 2018, President Muhammadu Buhari presented a budget proposal of N8.83 trillion for the 2019 fiscal year to the joint session of the National Assembly – a figure lower than the current fiscal year’s budget by N300 billion. In 2018, the president signed into law, a budget of N9.12 trillion, which was a 6% (N508 billion) increase from the N8.61 trillion proposed to the National Assembly in 2019.

Budget share for roads, housing and power

The Ministry of Power, Works and Housing manages Nigeria’s largest capital fund allocation, responsible for 17% of the total capital budget and 30% of capital budget directly managed by ministries. With a total capital budget of N408bn, the ministry has the capacity to make a mark in closing the infrastructure gap in Nigeria.

There is immense interest in funding a second runway for Abuja Airport, transmission lines to boost the current capacity at approximately 7,000MW, road projects such as Kano-Maiduguri Road, Abuja-Abaji Road, Obajana-Benin Road, Enugu-Port Harcourt Road, Ibadan-Ilorin Road, Ilorin-Jebba Road and Abuja-Keffi Road.

The 2019 budget for the Federal Ministry of Power, Works and Housing (PWH) is a total sum of N408.028 billion. This proposed sum represents a 5% of the overall 2019 FGN budget proposal of N8.826 trillion. The proposed sum (N408.028 billion) represents a 2.84% decrease from the actual sum allocated to the Federal Ministry of PWH in 2018 (N682.959 billion) and also represents a 2.88% decrease from the actual sum allocated to the ministry in 2017 (N553.713).

In terms of capital to recurrent allocation balance, the ministry’s trend of budgetary allocation, between 2016 and 2018, has been between 92-96% for capital expenditure and between 4-8% for recurrent expenditure. For 2019, the proposed sum is disaggregated into 92.41% and 7.59% for capital and recurrent expenditures respectively. This trend of allocation is in order considering that the constituents sectors under this ministry require huge capital investments.

The power, works and housing (PWH) sectors play vital roles in the growth and development of any economy such that getting it right in these sectors (alongside a few other sectors like education, health, agric., transport and services) almost guarantees the development of such economy.

These three sectors (PWH) represent a huge share of the infrastructural needs of Nigeria as a country and rightly so, there have been investments into these sectors by way of budgetary allocations and through Public-Private Partnerships (PPPs).

Roads

The document showed that N346, 166,726,658 was budgeted for the Federal Ministry of Power Works & Housing (excluding agencies under the ministry). Out of this amount N10, 281,446,795 was allocated for recurrent expenditure while N335, 885,279,863 was allocated for capital projects.

Out of the N335.8bn allocated for capital projects N124bn has been proposed for ‘Construction/Provision of Roads’ in 2019. This amount is lower by N14.7bn compared to N138.8bn budgeted for the same purpose in 2018.

Further analysis showed that the budget for road repairs in 2019 also got a massive cut, dropping by N56bn. The sum of N103.3bn was budgeted in 2019 compared to N159.5bn proposed in 2018.

budget

The budget details showed that some road projects tagged ‘new’, which government plans to execute are: the “Design and construction of bridge across the Cross River at Uwana (Ebony State) to Nkomoro (Cross River State) at the cost of N1bn, Dualisation of Akure to Ado Ekiti Road’ at N800m, ‘Construction of Rijiya-Gusau Road’ for N270m, and the ‘Rehabilitation of Potiskum-Bajoga-Gombe Road in Yobe and Gombe states’, at the cost of N600m.”

Other new projects for 2019 are the ‘Construction of road with asphalt, culvert and drainage from Kwanar Yawurma to Garandiya in Albasu Local Government, Kano State, at the cost of N200m.

Further analysis of the budget proposal showed that about three road projects described as ‘ongoing’ got the highest capital allocation of N3bn.

READ ALSO: RECONSTRUCTION OF LAGOS IBADAN EXPRESS WAY KILLING NIGERIANS SLOWLY

They are ‘Counterpart funding for the dualization of Makurdi-Enugu Road in Benue and Enugu states; Counterpart funding for the dualization of Akwanga-Jos-Bauchi-Gombe Road in Nasarawa, Plateau, Bauchi and Gombe States’.

Other on going critical road infrastructure that will get government’s attention this year include the ‘Construction of Bodo-Bonny road with a bridge across the Opobo Channel in Rivers State,”  which will gulp N2.5bn.

The ‘Dualization of Ilorin-Jebba-Mokwa/Bokani Junction Road in Kwara and Niger states’ N2.1bn; ‘Early Works IV for the Construction of 2nd Niger Bridge in Anambra/Delta states,’ for N2bn.

The sum of N1bn was budgeted for ‘Emergency Rehabilitation/Maintenance of Third Mainland Bridge in Lagos, Part I, (Restoration of Defective Substructure Piles (Underwater) while the ‘Dualisation of Suleja-Minna Road Phase II in Niger State will cost N1bn.

The sum of N2bn was proposed for the following ongoing road projects: Abuja-Lokoja Road Section III (Abaji-Kotonkarfe); Abuja-Lokoja Road Section IV (Kotonkarfe-Lokoja); Kano-Maiduguri Road (Section I, Kano-Wudil-Shuari); Kano-Maiduguri Road (Section II, Shuari-Azare) and Kano-Maiduguri Road (Section III, Azare-Potiskum).

Others roads that will gulp N2bn in 2019 are the Kano-Maiduguri Road (Section IV, Potiskum-Damaturu); Kano-Maiduguri Road (Section V, Damaturu-Maiduguri); the ‘Dualisation of Obajana Junction to Benin Phase 2: Section 1 (Obajana Junction to Okene)’; ‘Dualisation of Obajana Junction to Benin Phase 2: Section II (Okene to Auchi)’; Dualisation of Obajana Junction to Benin Phase 2: Section III (Auchi to Ehor) and the ‘Dualisation of Obajana Junction to Benin Phase 2: Section IV( Ehor-Benin).

Housing

However, unlike in the road construction and repair proposals, government plans to pump in more money into the housing sector in 2019.

In 2019, government plans to spend N30, 969,671,325 on ‘Construction/Provision of Housing’ compared to N3, 598,363,868 voted in 2018. The money for Construction/Provision of Housing will be spent mostly under the Federal Government’s National Housing Programme nationwide, which was captured as ‘Ongoing’ project.

Meanwhile, apart from the Federal Government’s National Housing Programme nationwide on which over N30bn has been proposed for the construction of houses nationwide, there are some other schemes aimed at housing delivery in the country that have been captured in the 2019 budget.

For instance, the Federal Government Staff Housing Loans Board, an agency under the Office of the Head of the Civil Service of the Federation (OHSCF) plans to spend N100m this year on Housing Loans Scheme.

The OHSCF also allocated N146.9m for its ongoing Federal Integrated Staff Housing (FISH) Programme. It recently commissioned 151 housing units in the first phase of the FISH estates in Kuje, FCT, expected to address the housing needs of civil servants who are unable to own houses due to the prohibitive costs of land acquisition, building or purchase.

budget

Power

The sum of N1 billion was earmarked for the expansion and reinforcement of electricity distribution networks as against the initial N72 billion proposed for this course.

Also, in the proposed budget, the Federal Ministry of Power, Works and Housing set aside the sum of N5 billion for settlement of Ministry Departments and Agencies (MDAs) electricity debts.

READ ALSO: REDAN PRESIDENT UGO CHIME REVEALS WHY 2019 EXPO WILL BE THE BEST EVER

Also, N1.4bn was set aside for settlement of outstanding power liabilities.

N1, 280,191,208 for generation of 700MW from Zungeru hydropower project consultancy services for project supervision and management.

N1, 030,014,236 for project management services, and N2, 014,000,000 for provision of infrastructures (roads, electricity and water) by special intervention program.

Source: HousingNews

Berlin

The Radical Way Berlin Plans To Solve Its Housing Crisis

BERLIN ― A sea of placards streamed across Berlin’s Alexanderplatz, a large public square under the shadow of the city’s massive TV tower, with bold messages daubed in paint and printed across placards. “The City Belongs to Us!” “My Home, Not Your Profit!” “I Don’t Want to Move!”

Thousands of people took to the streets in Germany’s capital city on Saturday to protest the rapidly rising cost of apartments in Berlin. “There were old people, young people, families, there were even homeowners … it was basically a snapshot of the entire population of Berlin,” said 77-year-old Barbara von Boroviczény, one of the activists involved in organizing the protest as part of grassroots campaign group Expropriate Deutsche Wohnen & Co.

Berlin, like many cities around the world, is in the tight grip of a housing crisis. For many years, it was seen as a cheap haven for artists and travelers. After the fall of the Berlin Wall in 1989 and Germany’s reunification, rents in the formerly divided city remained significantly lower than other major German cities, as well as many other cities across Western Europe.

Berlin

But things are changing. In the last 10 years alone, monthly rents have more than doubled. And there is no end in sight, with population growth expected to continue in the coming years: Berlin, currently home to 3.7 million people, is projected to pass the 4 million mark by 2025. But, unlike many other cities, Berlin’s politicians, residents and activists are pitching radical ideas to try to address the housing crisis, including a ban on mega-landlords and a rental freeze.

READ ALSO: OVER 200 CEO’S TO ATTEND AIHS CEO FORUM IN JULY

The push to eliminate mega-landlords is spearheaded by Expropriate Deutsche Wohnen & Co., which was set up last year to protest the power of Deutsche Wohnen, Berlin’s largest landlord. The company owns more than 100,000 apartments in the capital and has started implementing steep rent increases on some tenants.

The campaigners are calling for a law to ban any rental companies owning more than 3,000 apartments from operating in the city. Those holding more units, like Deutsche Wohnen, that want to stay in Berlin would have their excess housing units bought by the city and converted into public housing.

Von Boroviczény said the campaign received more than 15,000 signatures in support of the proposal just last weekend. Under the city rules, 20,000 signatures are needed to get to the first stage of an official referendum process. Once this has been achieved, about 170,000 signatures would be needed within a four-month window to trigger a referendum.

Big ideas to address Berlin’s housing woes aren’t just coming from activists. As the idea of scaling back the power of mega-landlords continues to be debated, the city of Berlin is buying up apartments in the hopes of selling them to local housing associations. The city government has bought more than 1,100 apartments since 2015 and is negotiating to purchase approximately 2,600 more.

And in January, local politicians from the center-left Social Democrats (the SPD), which governs Berlin in coalition with the Greens and the Left Party, proposed freezing existing rents in the city for the next five years ― a proposal known as a Mietendeckel.

Housing is “the biggest, most dominant problem in Berlin,” said Julian Zado, deputy head of the Berlin Social Democrats and one of the politicians behind the rent freeze proposal.

“Everyone is affected by it in some way. And it’s a problem that is not easily solved,” he added. Zado believes the rent freeze could help ease pressure on renters until a spate of new housing can be built in the city.

The radical plans being debated in the city are not without their critics. One barrier to banning mega-landlords is the potential expense. The policy could cost the city up to $40.5 billion (36 billion euros), according to Berlin’s government, a staggering figure for a city already plagued by debt. (Expropriate Deutsche Wohnen & Co., however, estimates the cost would be more like half that figure.)

While the Left Party supports the campaign and some from the Green party have also said they’re open to the possibility, the biggest parties in the federal parliament, Chancellor Angela Merkel’s Christian Democrats and the SPD, are opposed. Merkel addressed the issue this week, telling Germany’s parliament that it is the “wrong way” to solve the problem of rising rents.

Berlin

As for the rent freeze, some housing experts have said the Mietendeckel could discourage new construction in the city, or make developers look to sell apartments rather than rent them out.

The road to implementing these proposals may be uncertain but housing experts are applauding the path the city looks to be on. “It’s very encouraging to see a local government in a major global city really paying attention to this crisis,” said Corianne Scally, an affordable housing expert with the Urban Institute in Washington, D.C. “It’s good to see them taking a hard look at the tools that are available to them and trying to determine which ones they can best leverage to address the issue.”

There is no real counterpart in the U.S. to what Berlin is doing, said Scally. For a start, unlike in Berlin, American cities don’t have the same tradition of social housing. Berlin also has an exceptionally high proportion of residents who rent their homes or apartments (approximately 85 percent) unlike the U.S., where there is a stronger trend toward home ownership.

“I haven’t heard of any … other large cities trying to tackle this issue not only from multiple fronts, but through these particular mechanisms,” Scally said.

Despite this, some cities and states are taking proactive steps to tackle their affordable housing crises. In Oregon, lawmakers recently passed a statewide rent control law capping annual rent increases at 7 percent (plus inflation). The law also makes it harder for landlords to evict their tenants without cause after the first year.

The city of Minneapolis has passed groundbreaking reforms to its zoning laws to encourage the construction of affordable housing and promote racial equity. By allowing the construction of multi-unit buildings in areas previously zoned solely for single-family homes, officials hope they can open up the market and spread out population growth throughout the city.

Though the proposals in Berlin are certainly radical, it’s still too early to tell whether any of them will ultimately be implemented.

Berlin

The Berlin SPD is in the process of debating and drafting potential legislation for its five-year rent freeze, which it hopes to be able to finish this summer. The party has already cleared the first hurdle: having experts determine that the city is legally able to set its own housing policy.

And the proposal to break up large rental companies looks set to gain the requisite 20,000 signatures needed to trigger an official petition for a referendum in the coming months.

“A confrontation has just now been reached that had long existed in the background,” von Boroviczény said. “It didn’t happen overnight: Of course, you have to work such things out carefully.”

 

Chinese Firm Reveals Long Term Investment Plans in Nigeria’s Housing and Other Sectors

A Chinese company, Sinoria FABCOM, which is a subsidiary of one of China’s business conglomerates, Sinoma, has stated that its aim is to pursue long time investment in the housing and building industry in Nigeria and to establish an enduring partnership that would see to the overall development of the sector.

FABCOM which manufactures building items such as stone coated roofing tiles and fiber cement board has been operating in Abuja for about 7 years now. Speaking with newsmen in Abuja, the deputy managing director of FABCOM, Mr. Jackie Dai Hui said “We are investing in Nigeria and we have come to stay here for a long time to contribute to the economic development of the country, especially the housing sector, but in doing that we cannot compromise our standards.”

 Chinese

READ ALSO: NIGERIA’S HOUSING DEMAND INCREASES AGAINST SUPPLY, ECONOMIC GROWTH

He stressed that the focus of his company is to change the poor perception people have about Chinese products by making quality the watchword. He also explained that the company has since 2008, ended Nigeria’s dependency on importation of cement and some other building materials through its servicing of the leading cement companies in the country.

ABAH ADAH

Building Collapse: SON Laments N4.5bn Loss

The effect of building collapse on Nigeria economy has taken a toll on both live and property of the citizens. Aside the trauma, the devastating effects on property is better imagined than beheld.

Speaking on the menace of building collapse in the country, the Standard Organisation of Nigeria (SON), said about 3,210 persons were killed and property worth N4.5 billion destroyed in 245 incidents of building collapse in Nigeria from 2007 to 2017.

At a public sensitization forum on building collapse for North Central held in Karu Local Government Area of Nasarawa State, Head of Construction Management Department, SON, Engineer Paul Oke, warned Nigerians to be vigilant to know when their buildings are showing signs of defects.

Building Collapse

READ ALSO: THE UNTOLD STORY OF LAGOS BUILDING COLLAPSE

Recently, about 37 people were rescued alive while eight were recovered dead in building housing school children that collapsed in Lagos Island going by the statement of Ibrahim Farinloye of the National Emergency Management Agency (NEMA) said in a statement.

In chaotic scenes, panicked parents, local residents and shocked onlookers rushed to the area as police, firemen and medics staged a massive rescue operation. A young man helping rescue efforts who gave his name only as Derin said “at least 10 children” were trapped inside but “thought to be alive”.

Oke said: “From 2007 and 2017, two hundred and forty-five buildings collapsed. It led to the death of 3,210 persons due to the substandard materials used in building houses across the nation.” Oke suggested jail or death sentence for owners of collapsed building and consultants to serve as deterrent to others.

SON Director-General Osita Abaloma, represented by Charles Owabara, said: “Over 175 buildings collapsed from 1971 to 2016, the cause of persistent of building collapse was due to the structural failures (24.9 per cent), substandard materials (13.2 per cent ) and poor workmanship (12.2 per cent), faulty design (8.8 per cent) use of quacks (7.3 per cent) and inappropriate foundation (6.8 per cent) respectively.”

Sunng
Nigeria

Nigeria’s Housing Demand Increases against Supply, Economic Growth

Although the economic growth of Nigeria is not growing, the population of the citizens cum visitors do not wait either as both are surging despite sluggish economic growth. The United Nations (UN), last year noted that Nigeria’s population stands at a 180 million with an annual growth rate of 3 per cent as of 2015 and an urban population growth rate of 5 per cent. 

Data from the World Bank and the National Bureau of Statistics also stated that there is a 17 million housing deficit in Nigeria even though, the figure has trended for longer period. Globally, 1.6 billion people live in sub standard housing according to UN statistics. In Nigeria, over 100 million of its 180 million citizens live in substandard housing.

Yemi Adelakun, one of the high fly executives for Nigeria Integrated Social Housing(NISH) commented that the available houses built do not meet to the needs and affordability of the people hence making bridging the housing deficit difficult. This deficit has not helped affordability in any way.

READ ALSO: PETROLEUM MARKETERS TO BUILD 10,000 GAS PLANTS ACROSS NATION

Nigeria

It was ascertained that about 3,000 to 6,000 affordable housing are under construction in Nigeria with 1,400 houses in Nassarawa state alone. Mr. Adeyemi Dipeolu, the Special Adviser to the President on Economic said that with hope of Nigerians accessing the housing units under the affordability index, the the Ministry of Power, Works and Housing has managed to complete more than 2,000 houses in 72 units across Nigeria. This, no matter how fanciful it looks, the fact remains that housing deficits keep increasing with government being handicapped on how to handle it. This is worsened with many of the standing houses collapsing and reducing the already short- in- supply houses.

In regards to high mortgage, Mr. Dipeolu said that it would be a challenge for Nigerians to access homes with the high mortgage rates. “ The government is working to ensure that there are cheap mortgage  available for Nigerians.”

Senior Special Assistant to the President on Infrastructure, Imeh Okon also confirmed a report saying that government would issue US $275m yearly for a five year period. The projects, despite being powered by the FHF will also according to her, involve private sector participation.

Okon confirmed that under FHF, Nigerians earning even US $83 can afford a home which covers the government’s main aim of providing social and affordable homes. The latest report on Nigerians searching to buy or rent apartments that meet their needs by Reuters indicated that the number of the potential housing buyers and tenants was surging by the day, in spite of the sluggish growth of the nation’s economy.

Nigeria

According to the latest news sourced from the online medium, such Nigerians searching for their dream home to buy or rent are turning to the internet in droves, leading to a surge in the number of property-focused technology firms. The growing number of ‘home searchers’ or the emergence of the “proptech” companies is attributed  to the country’s rapid population growth, faster broadband speed and cheaper smartphones that have also benefited other sectors from retail to gambling in the last few years.

With about 180 million population, the country has the highest number of internet users in Africa, with approximately 107 million internet data subscribers, representing an increase of about 85 percent over 5 years. The news indicated that Nigeria’s rapidly growing proptech companies typically adopted a subscription model, charging property agents a listing fee and property developers a commission on completed transactions.

Source: SunNg

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