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Federal Government creating jobs through mass housing projects – Official

The South East Zonal Director, Housing, Federal Ministry of Power, Works and Housing, Mr Arthur Abara says the Federal Government is creating jobs through mass housing projects across the country.
Abara said this in Enugu on Friday at the site of the National Housing Programme Estate in Ugwuogo Nike during the media tour of ongoing Federal Government projects in the South East.

He said that this current effort was the first time since 1999 that the Federal Government was directly investing in the housing sector for workers and Nigerians at large.

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He, however, said that the ongoing efforts were not just aimed at providing affordable houses for Nigerians but a deliberate attempt to create employment for Nigerians.

“Housing is now seen as one of the key indices for employment and for engaging people. That is why we have to build in every state,” he said.

The zonal director regretted some of the challenges they had to grapple with before beginning construction in some states.

“We had the issue of getting a suitable site in Enugu State because they initially gave us a place that was so hilly and with coal underneath. So we could not build there.

“They gave us another place that had no access road. The current site was the last place they gave us and we have no other option because if we reject it we may not build at all,” he said.

Abara, however, commended the state government for showing interest in the project, adding that there were states that had not even allocated sites for the project.

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

“This project is expected to be replicated across the federation but there are states that have not given out lands.

“You build wherever is allocated to you because President Muhammadu Buhari wants to make great impact on the housing sector,” Abara said.

The Deputy Director, Public Building and Housing Department of the ministry, Mrs Tina Eneh, said that the building was for low and medium income earners.

Eneh said that the Federal Government had made commitment to make the houses affordable for the targeted income group.

She said that the facility comprised one bedroom, two bedrooms and three bedrooms apartments with a complete neighbourhood housing schools, recreation center, worship centers, clinic and shopping areas.

“We have four blocks of single rooms, six blocks of two bed rooms and 24 flats of condominium with a place for the handicapped. We are looking to complete it by the end of this year,” she said.

Eneh said that enrollees of the National Housing Fund (NHF) were qualified to benefit from the project.

“What qualifies a civil servant to be a beneficiary is to be an enrollee of the NHF. However, with the help of mortgage institutions it can be worked out even if you do not have the funds available,” Eneh said.

Also, the Controller of Housing, Enugu, Mr Godwin Emesue, said that the ministry was working out the final modalities for the distribution of the housing units.

Emesue said that there were no serious challenges in the construction of the houses, adding that members of the host community had been friendly.

A supplier at the site, Mr Ezekiel Eze said that his engagement to supply materials at the site had enabled him go back to school to complete his higher education.

Eze, who said that he dropped out of school due to financial challenges said: “I was searching for what to do to continue my education. I then applied as a supplier here and was employed.

“Right now I am back to school to complete my Higher National Diploma (HND) with the little money I get,” Eze said..

Discover The 6 Proven Ways To Investigate Titles On Any Land Before You Buy.

When it comes to buying lands, lots of people are scared and are victim of having to buy lands and properties at location where they end up regretting or ultimately losing their hard earned investment to scammers who pose as legitimate owners Which is why you need to learn about these various hot pointers which helps you most especially in investigating titles on any land that you want to purchase. Because that very land that you are about to go for could simply be a fake making you lose your hard earned money.

So here it goes…

Search At The Land Registry

In every state, the land registry is the first and most important place where you can easily conduct your search over property before getting involved. Example of such is simply the Surveyor General Office Alausa, Lagos. What this usually reveals are the important information that lets you know the situation of the location that you are looking to buy or purchase. They include The nature of the grant and the grant holder in nature of the property

Description of the property

The details of the registered transfer, sale, leases etc

Any previous or existing encumbrances on property such as mortgages, pledge

Any government acquisition

Any court judgment on the property you are interested in.

Search at the Probate Registry

This is simply to reveal whether or not probate has been granted and those that are simply involved in this case. This is so as to know if there is no WILL in place to the property that you are about to acquire.

Search At Corporate Affairs Commission [CAC]

In a situation where the past owners of the property is company incorporated under companies and allied matters Act. This will help to reveal the trustees or if the company is registered and also get to know if the its has the capacity to carry out the transaction.

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

Search At Court

To get to know if a land has been subject to court litigation which is a big problem some buyers usually find themselves in, you need to do a court search which is conducted to find out if there is any of such in place or rather if there is also an appeal filed against the judgement.

Inquiry On Communal And Family land

This is simply conducted on the principal members of the family land or community and head of the community to ensure that the land is not subject to any of such and also affirming that all the important consent of the land is obtained and verify if the title in question was neither void or voidable.

Physical Inspection

Its of utmost important that you check the land for yourself to see what it is that you are getting involved with. Should in case you cannot simply as a result of staying outside the country or in a position of not been chanced, then you need to get someone trusted that would help check out the location and give you a feedback on how good the place it.

LCCI To Renegotiate Lagos State’s Land Use Charge

The Lagos Chamber of Commerce and Industry (LCCI), is set to hold a dialogue session that will renegotiate grey areas in the new Land Use Charge Law of Lagos State.

This was disclosed in a statement signed by Mr Muda Yusuf, Director-General of LCCI on Friday in Lagos.

Yusuf said that the session, scheduled for March 9, would examine the provisions of the recently-passed law viz-a-viz its implications for residents and businesses operating in Lagos State and its environs.

“In continuance of its Public Policy Advocacy Initiative, it behoves the LCCI to provide a platform, such as this, to aggregate the views of stakeholders (both public and private) on the new Land Use Charge Law in Lagos, which has generated heated debates in the public space.

“This platform will enable stakeholders in Real Estate, Construction and other related sectors to engage the Lagos State Government on the recently-passed Law and re-negotiate its grey areas,” he said.

READ: Investors trade 403.14m shares worth N9.14bn

Yusuf added that seasoned Professionals, Leaders of Businesses in the Private Sector and top Public Sector Officials would be available to dialogue with participants at the event.

The Lagos State Government recently repealed its 2001 Land Use Charge Law, and replaced it with a new Land Use Charge Law, 2018.

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

The State House of Assembly had passed the bill on Jan. 29, while the Governor signed the bill into law on Feb. 8.

Based on this law, new rates were sent to residents and those that have received their bills claim that the land use charge was an increase of between 150 and 300 per cent over the 2017 rates.

Minister Babatunde Fashola issues ultimatum to Ekiti Housing contractors

The Minister of Power, Works and Housing, Babatunde Raji Fashola (SAN), has issued an ultimatum to contractors handling the National Housing Project in Ekiti State.

Fashola, who urged the contractors handling the 70 housing units, to deliver by June said the Federal Government was willing to begin the second phase in earnest.

He spoke on Friday in Ado Ekiti while inspecting the work progress at the NHP located on Agric Olope, off Ajilosun, Moferere Area, Ado Ekiti in company with Ekiti Controller, Mr. Saheed Gbadebori. He was represented by the Zonal Director, South West, Mr. Olusegun Dunmoye.
Fashola said, “Speed up work, we don’t have time the rains are here. If you delay for too long, rain will catch up with us. It will delay us further.

“The money is there but we have to follow the procedure. So money is not the problem; do your bit; we will do our bit, so that we can commence the second phase.”

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

The 70 housing units are comprised of 10 units of one bedroom, 40 units of two bedroom, 20 units of three bedroom flats.

The former Lagos State governor explained that the Ekiti project was one of the five ongoing sites in the Southwest, adding that the quality of work was high.

FMBN issues 2,724 mortgages worth N20.237bn – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola said that since 2015 to date, the Federal Mortgage Bank of Nigeria ( FMBN ) had issued 2,724 mortgages to Nigerians.

Fashola disclosed this while inaugurating the respective Governing Boards of the Federal Housing Authority (FHA) and FMBN on Thursday in Abuja.

The minister noted that the mortgages which were issued under the National Housing Fund (NHF) scheme were worth N20.237 billion.

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

He said the ministry was piloting a National Housing Programme and constructing houses in 33 states to ensure more Nigerians own homes.
“We are doing this to validate and test what type of housing design responds to Nigeria’s diverse cultural, climatic and religious needs, so as to ascertain what is acceptable and affordable.

“We are at different stages of construction in different states, and we have recommended these designs to FHA, without imposing them.

“Our decision is informed by the evidence of previous housing initiatives that people did not take up resulting in empty houses that still abound in almost every state of Nigeria,’’ he said.

The minister explained that the untaken houses in spite of housing deficit suggested that they were not affordable or acceptable to the people.

He urged the newly inaugurated member of the boards to reposition their brands and provide guidance for the Managing Directors and Management teams of the orgaisations.

“For the avoidance of doubt, let me state that the policy of government is to deliver affordable housing, acceptable to Nigerians.

“The agencies, whose brands you will now administer are the implementing arms of government for housing delivery and housing financing.

“You must, therefore, use your positions to affect the lives of millions of people who will partake and benefit of the prosperity that a housing economy can offer,’’ he said.

In response, the FHA board Chairman, Sen. Lawal Shuaibu promised to employ collective efforts to reposition the housing sector.

Shuaibu assured that national housing policy would be effectively implemented.

Also speaking, Mr Adewale Adeeyo, FMBN board Chairman commended the laudable programmes of the ministry aimed at raising the standard of Nigerians.

Adeeyo pledged that the FMBN board would make a monumental impact through provision of affordable mortgages to Nigerians.

“FIRS SEALED OUR PREMISES ILLEGALLY,” – INFINITY TRUST MORTGAGE BANK

Infinity Trust Mortgage Bank Plc, has accused the Federal Inland Revenue Service (FIRS) of illegally sealing its premises in Garki, Abuja and thereby making it to lose investment opportunity worth several millions of Naira.

The Chief Financial Officer of the bank, Samson Abaka, said FIRS officials accompanied by armed security operatives stormed the bank premises and sealed it up without prior notice, over alleged nonpayment of tax.

Abaka alleged further that the action of the FIRS Officials scared away customers and investors who were already in the bank transacting business.

He emphasized that the bank has paid its tax up to date and wondered why a reputable government agency like the FIRS will act without consulting its tax record.

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

“We immediately went to FIRS office to salvage the situation which has already cost the company millions of Naira. We presented all our tax receipts for 2015, 2016 and 2017 which shows that the company is not in any way indebted in tax payment. The officer in charge promised to send officials to unseal the premises the next day (Friday) , but as at 9 a.m Friday, March 2, 2018, the premises is still under seal,” The chief financial officer explained.

Also, the Head Admin and Human Resources of the bank, Fumi Adetunji who corroborated the statement of the Chief Financial Officer said the FIRS supposed to have a standard procedure of enforcing compliance in line with the best practices. She insisted that the bank is not in any way owing tax, adding the action of the FIRS has put the reputation of the bank at stake.

The management of the bank therefore called on the FIRS to immediately unseal its premises.

As at the time of filling the report, staff and customers of the bank were seen outside the sealed premises looking stranded as their belongings were still inside the bank.

Documents sighted by our reporter revealed that in 2015 alone, Infinity Trust Mortgage Bank paid N40,000,000 as tax. The mortgage bank is rated from it’s recent stock exchange award as the leading mortgage bank in the country

The FIRS is yet to respond to the allegation.

We’ll Complete Federal Houses Under Construction Soon, Fashola Assures Nigerians

Katsina – Babatunde Fashola, the Minister of Works, Housing and Power on Friday said that the 78 federal government houses under construction in Katsina state had reached ’90 percent completion’ and assured speedy completion of others projects in the country.

The Minister, who disclosed this while inspecting the houses in the state, noted that the Federal Government awarded the contract of the 78 houses to 18 indigenous contractors.

According to Fashola, “30 houses were three bedrooms and another 30 houses were two bedrooms while 18 were one bedroom self continued. The project is Part 4 of the National Housing programme under construction in Katsina. Other projects will also be completed soon.”

Represented by Architect Joseph Toluwe, the officer in-charge of North West Zone Housing Project, said that 10 contractors had already completed and handed over the houses to federal government.

On his part, Engineer Busari Sikiru, the Director of Works in Charge of North West, reaffirmed that federal government had awarded contracts for the provision of houses in the 36 states of the federation, noting that federal government was committed to the provision of shelter to all the citizen of the country.

Read More: WHY YOU SHOULD EXHIBIT AT THE 12TH ABUJA INTERNATIONAL HOUSING SHOW

Earlier, the Katsina State Federal Controller of Housing, Town Planner, Ibrahim Musa, said that the federal government had given the provision of shelter high priority.

“Shelter is an important aspect of human life as it is second to food that sustained human life,” he said.

Completed Federal Houses In Katsina Handed Over To Nigerian Govt

The Federal Ministry of Works, Housing and Power says 10 out of 18 contractors handling the construction of 78 federal houses in Katsina had completed their job.

Mr Babatunde Fashola, the Minister of Works, Housing and Power stated this while inspecting the 78 houses being built under the National Housing programme on Friday in Katsina.

Read More: WHY YOU SHOULD EXHIBIT AT THE 12TH ABUJA INTERNATIONAL HOUSING SHOW

Fashola said that the jobs being handled by the other eight contractors had reached 90 per cent completion.

He said that out of the 78 houses, 30 houses were three-bedroom apartments, 30 were two-bedroom while 18 were a bed-room apartment.

Fashola, who was represented by Joseph Toluwe in-charge of North West Zone Housing Project, said that the completed houses had been handed over to the government.

Earlier, the Director of Works in-charge of North West, Busari Sikiru, said that similar houses were being built in the 36 states of the federation.

Sikuru said that the Federal Government was committed to the provision of shelter for all citizens.

The Federal Controller of Housing, Town Planning in Katsina State, Ibrahim Musa, said that shelter was an important aspect of human life as it was second to food.

The controller said that only two out of the 78 houses were yet to be painted.

The 12th Abuja International Housing Show CEO’s FORUM – Connecting Leaders in Mortgage Banking & Housing Finance

The Real Estate CEO’s Forum is a peer advisory group offering Mortgage Bankers & Housing Finance Professionals – who are CEOs, Founders, and/or business owners – the opportunity to process challenges facing their respective organizations. It is a collaborative and supportive environment for leaders in Nigeria’s Mortgage Banks.

As the CEO of an organization, you’re constantly making decisions that affect both your bank and your community. It’s an enviable position to be in, and it requires many skills, much experience, and a lot of perspective – and no one knows that better than other people in your position. It is for this reason that the organizers of Abuja International Housing Show are offering Real Estate Industry CEO’s the opportunity to benefit from the skills, experience, and perspective of their peers by registering and attending West Africa’s largest housing Expo holding on July 16 at the International Conference Centre, Abuja.

READ MORE: THE 12TH ABUJA INTERNATIONAL HOUSING SHOW

The Forum will provide participating CEO’s an environment that uniquely leverages the Abuja International Housing Show Network to gain essential knowledge and foster a supportive community – with the goal of facilitating growth and lasting success of member institutions and organizations.

In a time of unprecedented change and opportunity, Mortgage Bank CEOs in particular are eager for a competitive advantage. The challenges facing a CEO are unique and best understood by, and shared with, other CEOs. The Abujahousingshow CEO’s Forum leverages the collective experience and knowledge of fellow business leaders from across the country Network to share and develop tactics, strategies, and solutions specific to member organizations and the Real Estate Industry.

Agenda topics include
• Profitability strategies
• New products and opportunities
• People issues
• Lending and credit risk
• Improving sales and service
• Asset-liability and investment issues
• Technology
• Compensation
• Cost control
• And many more…

Securing of space is on first come first basis.

TO REGISTER FOR CEO FORUM (CLICK HERE)

More Nigerians getting poorer under Buhari govt – IMF

The International Monetary Fund has said more Nigerians have gotten poorer under the President Muhammadu Buhari government despite the country’s slow recovery from recession.

In a report released yesterday, the IMF said Nigeria needs urgent economic reforms. It identified risks to growth, including additional delays to implementing policies and reforms ahead of the 2019 elections, security tensions, and oil prices, a fall in which could see capital flows reversed.

Read More: WHY YOU SHOULD EXHIBIT AT THE 12TH ABUJA INTERNATIONAL HOUSING SHOW

The IMF however said that though the outlook for growth had improved, it still remained challenging.

The Central Bank of Nigeria frequently injects hundreds of millions of dollars into the foreign exchange market to keep its own rates stable.

The IMF further singled out the central bank, saying it should discontinue direct interventions in the economy.

The IMF further repeated its call for Nigeria to simplify its complex foreign exchange system which has left large gaps between official rates and various windows that certain groups can use to get other rates.


“Moving towards a unified exchange rate should be pursued as soon as possible. The IMF does not support the exchange measures that have given rise to the exchange restrictions and multiple currency practices,” the report stated.

“Comprehensive and coherent” economic policies “remain urgent and must not be delayed by approaching elections and recovering oil prices,” it stated in its annual Article IV review of Nigeria’s economy.

“Further delays in policy action, including because of pre-election pressures, can only make the inevitable adjustment more difficult and costlier.

“Higher oil prices would support a recovery in 2018 but a ‘muddle-through’ outlook is projected for the medium term under current policies, with fiscal dominance and structural constraints leading to continuing falls in real GDP per capita,” the report added.

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