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Fashola Lists Funding, Delay of Projects Completion as Challenges to Housing Development in Nigeria

The Minister of Works and Housing, Babatude Fashola has stated that the ministry is faced with paucity of budgetary provisions to complete its projects.

The Minister who made this known during his appearance before the Senate committee on housing Wednesday said, “the major factor affecting this sector of the ministry (on the) overall issue of timely completion of projects on schedule or ahead of schedule is insufficient budgetary provision to sustain annual cash flow requirements to meet desired targets as stipulated in the planning stages of all projects,” he said.

Mr Fashola also said the ministry plans to prioritise the completion of ongoing constructions at the federal secretariats in Anambra, Bayelsa, Ekiti, Nasarawa, Osun and Zamfara.

Other projects include: Design and installation of Solar power PV Microgrid System and Energy Retrofitting of the Federal Ministry of Works and Housing Headquarters Mabushi Abuja.

He also said “there is need to meet up with outstanding international Organisations commitment to Shelter Afrique Programme of which Nigeria is a major player.”

Fashola Bemoans Poor Funding for Housing Sector

The Minister of Works and Housing, Babatunde Fashola, yesterday, decried the insufficient annual budgetary provisions to the housing sector, saying that the trend was inimical to timely completion of projects on schedule.

Fashola stated this at the National Assemblycomplex, Abuja, when he led the management team of the housing sector of the Ministry to defend the budget of the sector with the Senate Committee on Housing.

“Major factor affecting this Sector of the Ministry and over all issues of timely completion of projects on schedule or ahead of schedule is insufficient budgetary provision to sustain annual cash flow requirement to meet desired targets as stipulated in the planning stages of all projects”, he said.

On the 2020 budget proposal for the housing sector, he noted that the sum of N60, 877,799,984.00 (Sixty billion, eight hundred and seventy seven million, seven hundred and ninety nine thousand, nine hundred and eighty four naira) only was proposed for the Housing Sector of the Ministry as the total capital allocation for the fiscal year.

The Minister also noted that the sum of N118, 881,182.99 was the proposed overhead cost for the housing sector in 2020. Similarly, Fashola pointed out that the Personnel cost proposal for the Housing Sector in 2020 financial year was N4, 418,829,837.00.

Other estimates he gave on the housing budget are Public Building and Housing Development, N31,618,696,939.49; Urban and Regional Development N1,981,023,680.87, and Lands and Housing development, N1,603,995,467.48.

According to him, Engineering Services will gulp N4,019,612,974.39; Sustainable Development Goals (SDGs), Slum upgrading progammes, Construction of classroom blocks, Primary healthcare centres, constructionof Skills Acquisition Centres and motorized/ solar bore holes – N19,940,879,993.83, among others.

Source: Excluding headline (newtelegraphng)

Ikea-owned developer to open UK modular factory

BokLok, the modular housing joint venture between Ikea and construction giant Skanska is on the verge of signing a deal with a manufacturer to build its homes in the UK.

Graeme Culliton, UK MD of BoKlok, said the firm, which this summer announced its first UK development, on land owned by Bristol city council, was aiming to sign a memorandum of understanding with a UK supplier for its homes in the coming weeks.

BoKlok, which uses a timber-frame modular technology to produce schemes of up to four storeys, is aiming to grow in the UK through initially targeting sites in the Bristol region and the south coast of England. Culliton said the plan was that BoKlok’s UK homes will be built here, while UK apartments will be built in the firm’s existing facility in eastern Europe, to take advantage of a “tried and tested” supply chain.

He said: “Our houses will be manufactured here in the UK – I’m not going to reveal where because we’ve still got to sign the MOU with the supplier – they will be manufactured here in the UK, the apartment product will be manufactured in Estonia in an existing facility that has been used for the Nordics.”

Culliton said the firm hoped to sign a deal with a UK manufacturer in the next month.

BoKlok is a major home builder in Scandanavia, having built 12,000 homes in the past two decades, mainly in Sweden, after being set up by Ikea’s founder, Ingvar Kamprad, with the aim of offering homes affordable to people on an average wage. It currently develops around 1,200 homes every year, acting as developer, with homes manufactured under licence in a facility in Estonia.

Culliton said the firm, as in Sweden, would target buyers on average incomes, meaning homes will ultimately be available to purchase for around £250,000. He said the firm was currently working to sign five development deals, amounting to a pipeline of hundreds of homes.

In October, the firm said it had been selected by Bristol city council to build out 200 homes on the Airport Road site in the south of the city, with 30% made available for social rent and shared ownership.

Culliton said the firm would look to expand geographically outside of its current Bristol and south-coast focus, but only when the business had proven itself.

Culliton’s comments came after BoKlok chief executive Jonas Spangenberg at Tuesday’s Bristol Housing Festival. Spangenberg said the firm was in the middle of investing heavily in its existing facility in order to bring automation and digitisation “to the next level”. He said: “In doing this we have been heavily influenced by other industries, such as the car industry, but not by the construction industry.”

Source: Housing Today

Housing sector to get N60.87 billion allocation in 2020 budget

The Federal Government is proposing the sum of N60.87 billion for capital projects in the housing sector next year. This is an increase from the N35.4 billion which was earmarked the same purpose in last year’s budget.

The Minister of Works and Housing, Babatunde Fashola disclosed this during the 2020 budget defence before the Senate Committee on Housing, chaired by Senator Sam Egwu, in Abuja.

The Details: Fashola proposed the sum of N118,881,182.99 for overheads while he earmarked N4.418,829,837.00 for personnel cost. He explained that the sum of N60.87 billion would be targeted at prioritized projects in the 2020 budget proposals.

The high priority projects include the completion of 1,155 blocks of 2,383 units of housing under the National Housing Programme in the 36 states of the Federation and the Federal Capital Territory (FCT), as well as the completion of ongoing Federal Secretariats in six states (Anambra, Bayelsa, Ekiti, Nasarawa, Osun and Zamfara).

Other projects expected to gulp money include the Design and installation of solar power PV Microgrid System and Energy Retrofitting of the Federal Ministry of Works and Housing Headquarters Mabushi Abuja.

Due to the housing deficit in Nigeria, the United Nations advised the Nigerian Government to start taxing vacant houses in the country. This advice came from a UN Special Rapporteur on the Rights to Adequate Housing, Leilana Farha who saw the need for the Nigerian Government to address housing challenges in the country by imposing vacant home tax on citizens.

What you should know: Presently, Nigeria’s housing deficit is about 22 million units, and for a country with a population of nearly 200 million people, it will require a minimum of an additional 2 million housing units per annum for 10 years.

The Nigerian government, however, estimated that the housing sector would need about $400 billion investment over the next 25-30 years to resolve this deficit. On the other hand, the World Bank said bridging the deficit would cost the country about N59.5 trillion, which further tallies with the estimation of the Federal Mortgage Bank of Nigeria which puts it at about N56 trillion.

Source: Nairametrics

Inyangete Tasks Stakeholders on Policies for First Time Home Owners

The Chairman and CEO of Innovative Risk and Investment Solutions, Prof. Charles Inyangete has called on all housing stakeholders especially the government to start looking into policies that will address the needs of aspiring first time home owners.

While speaking to Housing Development Program, the former NMRC boss said at the moment, the country cannot provide access to houses that are affordable, which has made housing such a critical issue for people.

‘’So some of the things we haven’t done very well is that we are not in a position to say we have a clear cut housing policy that looks at the first time home owners. So we need to have a policy that addresses first time home ownership such that when you come out from school and begin your career, you are able to own your own home. So we have to progressively allow people to do that. But to do that we need to also prepare the ground for it. That means we have to build houses that are suited to their needs. When we build the right kind of houses and the right kind of policies to facilitate access, things will improve,’’ he said.

He said that housing development is not just about building houses, but to build houses that can create a sustainable community going forward, and to make them affordable and available to a greater number of Nigerians.

He said; ‘’a lot has been done lately. We have liquidity facilities that can refinance mortgages. We need to now create the mortgages to enable home ownership.’’

Brekete Family Seeks FMBN Partnership on Affordable Housing Project

The Federal Mortgage Bank of Nigeria (FMBN) and Brekete Family and Human Rights Radio have agreed to work together in advancing affordable housing programs for Nigerians.

The President and Founder of Brekete Family and Human Rights Radio, Ordinary Ahmed Isa and the consultant of the communication outfit’s planned Smart City Estate paid a courtesy call to FMBN’s headquarters in Abuja on Tuesday to discuss how they can partner with the bank to deal with challenges common people are facing in accessing housing finance; challenges for people with disabilities in accessing mortgages and loans; challenges for first time entrants for mortgage plans who are required to make huge down payments they can barely afford, and the challenge of unreliable developers and primary mortgage banks whose misdeeds and unprofessional practices have left a lot of people in misery and disappointment.

According to Ahmed Isah, it is against this backdrop that they decided to start the Brekete Smart City Estate which he said had up to 3600 subscribers within the first 3 weeks of announcement. This he believes was because of the trust Nigerians have come to have in them and their platform.

‘’So, we made this visit because we want to collaborate with a reliable bank like FMBN so that some of our contributors who want to access the National Housing Fund can do so. We shall also seek for funding to aid the development of our project and to use our platform to educate more Nigerians about the mortgage and housing finance packages offered by FMBN,’’ he said.

While giving them a warm welcome, the Managing Director of FMBN, Ahmed Dangiwa commended the media outfit and for their smart city estate project which he said will contribute to the reduction of housing deficit in Nigeria.

He said that they are a peoples’ bank and are willing to partner with all Nigerians to have access to their multiple home ownership packages.

He said, ‘’we offer very affordable housing mortgages as low as 6% and currently have estate projects in over 20 states in the country. We have loans for cooperatives and individuals, and have the rent to own scheme and many more. So I encourage your people to take advantage of these opportunities.’’

Dangiwa advised that the Brekete estate must take into consideration affordability and that for its members to benefit from FMBN packages, they must register and key into the NHF.

Reacting, Ahmed Isah commended FMBN and said that the bank has what it takes to solve at least 80% of Nigeria’s housing need.

‘’The outcome of today’s meeting is very encouraging. I have just been educated by the managing director and I believe that the FMBN has the capacity to deliver affordable homes Nigerians. We have established an official relationship to educate Nigerians as regards their programs and how they can take advantage of them,’’ he said.

Through the meeting, Dangiwa said they have realized that there is a gap between what they are doing and what Nigerians need to know.

‘’So there is a greater need for us to collaborate with a communication outfit like Brekete Family so that Nigerians and the world can know what we are doing to reduce housing deficit in Nigeria.

Speaking on their Rent To Own scheme, he said it was introduced because of the issues Nigerians have with accessing mortgage from primary mortgage banks, and also because of the issue of equity.

‘’We sat down as a bank and fine-tuned the best way we can help Nigerians to access affordable mortgage. As the name implies, those who key into it will gradually rent the homes till it becomes theirs. Instead of paying rent to a landlord, you have the option of paying your mortgage as a rent. The rent can be paid monthly, quarterly or annually,’’ he said.

 

Facebook Commits $1B to Help Tackle California’s Affordable Housing Crisis

The tech giant announced on Tuesday that it will commit $1 billion to address the affordable housing crisis in California and in other communities where it operates.

“Access to more affordable housing for all families is key to addressing economic inequality and restoring social mobility in California and beyond,” said Gov. Gavin Newsom.

“State government cannot solve housing affordability alone, we need others to join Facebook in stepping up – progress requires partnership with the private sector and philanthropy to change the status quo and address the cost crisis our state is facing. Public-private partnerships around excess land is an important component in moving us forward.”

The $1 billion commitment will be broken down into five parts:

  • $250 million for mixed-income housing on excess state-owned land where housing is scarce
  • $150 million to build affordable housing in the San Francisco Bay Area
  • $225 million in land that Facebook recently purchased in Menlo Park
  • $25 million to build housing for teachers and essential workers in San Mateo and Santa Clara
  • $350 million toward future commitments

Home prices in California have been on fire over much of the past decade. The average home price in California has climbed from $300,000 in January 2012 to $550,800 last month, according to Zillow. Prices are expected to edge up another 1.7 percent over the next year. Price increases have been most severe in San Francisco, where the median home value has swelled to more than $1.35 million.

Source: foxbusiness

Housing Market Upbeat In Benin City As Emotan Gardens Offers Affordable Homes

For low and middle income home seekers in Benin City, the Edo State capital, time to own their homes has come as one of Nigeria’s leading developers, Mixta Africa, has entered the city’s housing market with well finished, quality and affordable homes.

The 59 units of affordable homes, which the company has off-loaded into the market, are part of the 1,800-unit Emotan Gardens that the company is developing on 70 hectares of land in Benin City.

House prices in the estate start from N5.7 million for a cluster of 2-bedrooms and increases to N7 million, N8 million and N9 million, according to the house-type, providing the much needed affordable homes.

The delivered 59 homes comprise 38 units of 2-bedroom bungalows and 21 units of 3-bedroom bungalows. The company expects additional 68 units to be delivered by the end of 2019, while the entire project is expected to be completed by 2021

Presently, the company is perfecting plans to award contracts for the construction of the first phase of infrastructure for the growing community including power, water and roads.

“We are delighted with the progress made on the Emotan Gardens development. In collaboration with Edo Development and Property Agency ( EDPA), we are delivering, within our initial timeline, a range of high-quality affordable homes,” said Deji Alli, Mixta Africa’s CEO.

“We are experiencing excellent levels of interest for the properties with over 76 units sold till date,” he said further.

An 1800-unit estate sitting on 70 hectares of land in Upper Sokponba axis of Benin City and providing a range of housing options to subscribers, Emotan Gardens is deemed a revolution in Edo State’s housing sector.

Read also: Hope rises for informal sector as FG plans to initiate cooperative housing scheme

It is an affordable housing estate being developed by the state government through the Edo Development and Property Agency (EDPA) and Mixta Africa. The Memorandum of Understanding (MOU) for the estate development was signed between the state government and Mixta Africa in May 2018 and work kicked off in June last year.

Upon completion, the project will include a commercial area with opportunities for a shopping mall, schools and a hospital in addition to the residential component. The project also offers land sale to retail customers on plots of land measuring 450 square metres or 900 square metres.

The raw materials used in the construction and finishing of the buildings were sourced within the state to encourage local job creation. The materials, which include tiles, doors, glass, and other such materials, are sourced from companies operating in Utesi, an industrial cluster in the state.

Emotan Gardens is part of the many housing projects EDPA has set out to do in the state since it was revamped. Since then, the state government has been on an aggressive drive for urban renewal with infrastructure projects ongoing across the state. These efforts are tapping into all sectors including infrastructural renewal, manufacturing, ICT development and educational reforms.

Source: Businessdayng

Ogun govt. issues 24-hr ultimatum to occupants of dilapidated buildings

The Ogun government on Saturday sealed off two dilapidated buildings in Abeokuta and ordered occupants of the houses to move out within 24 hours.

The Permanent Secretary, Ministry of Urban and Physical Planning, Mr Nafiu Adebiyi, told newsmen during an inspection tour that 526 other houses built on waterways, canal and erosion channels had been marked for demolition across the state.

Adebiyi said at the scene that the order became necessary to prevent loss of lives and another possible disaster that could arise from the partially collapsed buildings.

The two buildings were located along Nepa road in Isabo area of the state capital.

“As a responsible government, we cannot continue to watch and allow the buildings to collapse totally while people still reside in them,” he said.

Adebiyi said that the government was only waiting for response from National Emergency Management Agency (NEMA) which had promised to provide alternative shelters for the affected victims before demolition could be effected.

“Demolition of houses is not what can be done in a hurry, no matter how illegal such structure are.

” In as much as human beings live in such houses, we must follow the rules in carrying out such demolitions,” he said.

He affirmed that the government’s intention was to ensure that nobody was negatively affected as a result of preventable natural disaster which was predicted by the National Meteorological Agency (NIMET) earlier in the year.

” It is not easy to dislocate people from their comfort zone. That is why we are approaching the process with human face.

“Moreso, many houses affected were not illegally located because as at the time most of them were built, those places were not close to water banks.

“It is the challenge of climate change that made the water levels to begin to rise, with resultant erosion.

“We are being careful so that we don’t solve a problem by creating another one, ” he said.

Source: PM News

Lagos Organises Summit On Housing To tackle Fraud In The Sector

The Lagos state ministry of housing has has put together a stakeholders’ forum to tackle the menace of illicit practices and fraud in the housing sector.

In a statement, Toke Benson-Awosika, special adviser to the governor of Lagos on housing, said it has become necessary to bring sanity to the housing industry and iron out the best way to protect members of the public from being defrauded of their hard-earned money by “unprofessional agents and property developers”.

She explained that the demand for proper housing, which has continued to exceed available supply stock, gives room for unhindered community of fraud in the industry.

She added that the government has enacted laws on housing in order to check the spread of “unscrupulous elements” and improve investors’ confidence in the real estate business.

Babajide Sanwo-Olu, governor of the state, is expected to attend the symposium, which would take place on October 29, at Eko Hotel & Suites, Victoria Island, Lagos.

Source: Thecableng

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