Benefits of building home on mountain top

Money at hand can determine what one does at times. This is why rich people can even go as far as reclaiming land from seas to build their choice edifices.

Others go to mountain tops to develop their work of art without considering the cost of construction. Although some people may wonder what will make someone to choose no other place but mountain top to erect his residential building, those who opt for such sites have a lot of benefits they derive from building on mountain top.

A lot of benefits could accrue from the decision to build one’s house where it is not most convenient for other people to build. Of course, if no other thing, there is nothing as peaceful as living in the mountains especially one with nature.

The views are unrivaled and you are surrounded by flora and fauna everywhere you turn.

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Life can be simpler on the mountain, but if not armed with the proper tools, life can be more challenging on the mountain.

Mountain living, especially where you have ice, is synonymous with fresh air and exercise with endless hiking trails and many skiing opportunities.

Summertime in the mountains in that area is wonderful as well. Those who live in the mountains tend to live a healthier lifestyle and be healthier than those who do not. But as coastal living is not for everyone, mountain living is not for everyone either.

Any one who has ever visited the mountains of Western North Carolina, can see the appeal.Simply put, the mountains are beautiful.

 

The majestic, peaceful setting is an ideal escape from the city. Each season is distinct here, with snowy winters, springs full of life, mild summers, and colours like you have never seen in the fall.

However, this is not like the hills or mountain tops most Nigerian former leaders have cornered for habitation.

The Nigerian seat of power, the Aso Rock, is built on top of a mountain, former Presidents, Olusegun Obasanjo, Ibrahim Babangida, and a retinue of other affluent Nigerians have chosen the mountain or hill tops for residence. Building a house here allows you to customise every part of it to your tastes and needs.

It really is the best way to get all you want in a home. There are some things to consider, however, before you start building your mountain dream home.

Building in the mountains is different from building anywhere else. It is exciting, yet daunting at the same time.

Never fear, though, it is a rewarding experience and when you follow some few steps to building a mountain home, the process will not seem so overwhelming.

If the process of looking for a lot and building a house on it on your own seems overwhelming to you, you might want to look into a mountain community, especially one that is newer or just starting up.

Mountain communities will have several lots within them for sale that a house can be built on. They have model home designs and connections to architects and builders who specialise in designing and constructing mountain homes.

The community developers also can answer questions about utilities, water, sewer, internet, etc. Most mountain communities have several access roads in and out of the community, as well.

Mountain living often means limited access to highways and larger roadways. It may take you a better part of 20 to 30 minutes to get to a main road.

If you need to be able to commute, it would be advisable to take a couple of trial runs during the morning and evening rush. You will have longer to travel to get your groceries, medical needs and other day to day items we often take for granted.

This is one of the reasons mountain living is not for every Dick, Tom and Harry. You must know your economic level because most of those who live in mountains move in and out with helicopters or choppers to save themselves the burden of having to ascend and descend the top each time there is the need.

Those who live on mountain top always have stock of their daily needs because a forgotten item like milk, can end up being much more than a nuisance. You will likely need to be more organised about your errands and comings and goings.

During storms and inclement weather, roads could become slick and often impassable. You will need to be prepared to be trapped at home for a few days.

Certain careers are better suited to mountain living than others. Writers, as well as others that can be done via telecommuting, may be better suited to mountain living than lawyers and doctors and others who are needed to be at their destinations daily and promptly.

Keep in mind that building a home in the mountains will include buying a lot to build on, which makes the cost more than buying a house that is already built. You need to set a budget that includes both the lot and house construction.

You do not want to spend more than your budget will allow on land to build on and then not have enough for the house you want.

Figure out how much you want to spend before you look at lots and fall in love with something that is way too expensive for your budget. After you allot funds for the lot and house, if needed, go ahead and visit a bank to talk about loans for lot purchase and house construction. Finding out how much money you are approved for will also help you finalise your budget.

Do keep in mind that with any house construction, there will be unseen costs along the way.

You can get estimates on construction costs, but once the actual work gets started, there will be expenses that no one could have predicted from planning alone. Do not max out your budget before construction begins; instead, leave a little leeway for the unexpected.

Hopefully, you won’t have to use the unexpected costs fund, but if you do, it is already in the budget. Many people who decide to build a home in the mountains often only consider one factor when choosing a lot – the view.

This is a common mistake, however. Yes, you want a spectacular view and gorgeous scenery in your mountain home, but do not let that be the only factor you look for in a lot.

Mountain plans are designed for rugged landscapes, so whether you’re building on a beautiful, steep ridge that provides incredible views or your lot is just on the tougher side, there have been gathered, some homes that are up to the challenge of adapting to uneven terrain.

These designs were chosen for their ability to be built on and complement natural settings, and there is not a single style that fits the bill.

You will find a diverse mix of architecture in this collection, everything from craftsman cottages with tonnes of wood and stone detailing, to rustic log cabins, to country homes with more subdued exteriors.

All sizes are included as well, making this the place to look for your next woodland family home or highland getaway. You can even build your own lodge there.

Most of these plans are multi-level with amazing window designs to help bring the great outdoors inside, so if you love the sight of nature, your perfect home could be right here. But there are lots of other things one needs to take to mind while building on the mountains.

The home in the mountain must be a beehive of activities so that situations where one single being is left alone to start dreaming, hallucinating or imagining something that does not exit is not created.

There could also be rodents or crawlers that may also be looking for game innocently and seeing some activities may be one of the dreadful scenes that could create horror for the inhabitant. There should noise everyday and merriment to scare non-human beings from drawing close.

Once you find the perfect lot, you then have to find building plans for your dream house. Keep in mind that just as finding a mountain lot is different from other places, so are house plans for the mountains.

You cannot purchase common house plans for a mountain home. The house plans must fit your lot and mountain conditions.

Source: Maduka Nweke

Homebuilder confidence plummets to the lowest level in more than two years as ‘demand stalls’

Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders.

Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is still considered positive. The index stood at 69 in November of last year and hit a cyclical high of 74 last December.

“Builders report that they continue to see signs of consumer demand for new homes but that customers are taking a pause due to concerns over rising interest rates and home prices,” said NAHB Chairman Randy Noel, a builder from LaPlace, Louisiana.

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Of the index’s three components, current sales conditions fell 7 points to 67, sales expectations in the next six months dropped 10 points to 65, and buyer traffic registered an 8-point drop to 45. Buyer traffic had broken out of negative territory earlier this year but now appears to be back in it solidly.

Some of the nation’s largest publicly traded homebuilders, like Lennar and KB Home, lowered their expectations for sales in 2019 in recent earnings releases. There is still a shortage of homes for sale, but newly built homes come at a price premium, and as interest rates rise, new home buyers are consequently hit hardest.

 

The average rate on the popular 30-year fixed mortgage is now more than a full percentage point higher than it was a year ago. The huge home price gains seen over the last two years are now shrinking, but prices were still up a strong 5.6 percent year over year in September, according to CoreLogic.

“For the past several years, shortages of labor and lots along with rising regulatory costs have led to a slow recovery in single-family construction,” said the NAHB’s chief economist, Robert Dietz. “While home price growth accommodated increasing construction costs during this period, rising mortgage interest rates in recent months coupled with the cumulative run-up in pricing has caused housing demand to stall.”

Looking at the three-month moving averages for regional builder sentiment, the Northeast rose 2 points to 58. The Midwest fell 1 point to 57, the South declined 2 points to 68 and the West dropped 3 points to 71.

Source: Diana Oclick

Stakeholders to converge at the Construction Artisans Award Luncheon in Abuja

To showcase and encourage the vocational skills of artisans in the building and construction value chain, and celebrate their contributions to the housing sector, to ensure it becomes an engine of growth through the reduction of unemployment in Nigeria, the Construction Artisans Awards, is set to hold a stakeholders luncheon in Abuja.

This was disclosed by the CEO, Construction Skills Training and Empowerment Project, (C-STEmp), during an interview with Housing News.

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He said ‘’the stakeholders luncheon is the coming together of those who are impacted or who work with the artisans, whose skills we want to showcase, these include the employers, predominantly the major contractors and real estate developers as well as a few individuals, client organizations like the Federal Ministries and parastatals, including manufacturers and tools and equipment producers.These are all stakeholders, who we are bringing together to properly introduce the Artisans awards, and to get their buy in’’.

He noted that without the involvement of the stakeholders, a headway might not be made for the awards. He said ‘’you have to bring them in so that they can take ownership of whatever it is that we are doing’’.

Speaking further he said the National Board for Technical Education and other major stakeholders have shown interest. He noted that education and employability goes hand in hand, and he was excited with the interest shown by the body.

He said ‘’When employers are looking at candidates to employ,they are basically looking at their competence and ability to deliver, so  you can see that here we have the education sector, government agencies as well as employers of labour coming together under one umbrella to deliver these awards’’.

Also calling for the participation of stakeholders for the luncheon, the CEO, FESADEB Media Group, Barrister Festus Adebayo said, ‘’We are using this medium to invite members of professional bodies who may not have received our invitation to be part of this stakeholders luncheon of the Construction Artisans award’’.

Mr Okwa, added that”the Construction Artisans awards is necessary, to showcase and encourage the vocational skills of artisans in the building and construction sector and to celebrate them”.

The Construction and Artisans award is supported by Npower,NBTE,CORBON,REDAN, and many other notable bodies in the Nigerian construction industry.

SOURCE:Affa Dickson Acho

Private sector partnership key to achieving housing objectives-Okon

Providing affordable housing through private sector partnership needs to be embraced, if government is to achieve its housing objectives.

Special Assistant to the President on Infrastructure Ime Okon, said this on Monday, while speaking on Channels TV ‘Business Morning’, monitored by Housing News.

She said the National Housing Program and the Family Homes Fund which was created to provide social housing for people in the low-income bracket, are some of the initiatives government has implemented to confront the housing challenge, but noted that private sector partnership is needed.

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She said, ‘’we have always emphasised the fact that this initiatives are not really sustainable if we don’t have the private sector partnering with us to achieve most of the targets we have set for ourselves in the housing sector’’.

Speaking further she said ‘’we want the private sector to partner, and we are very excited when the private sector come to us with different kinds of ideas, and we try to encourage such ideas to come forth, because the housing divide issue cannot be solve with just the government implementing her own initiatives. So more ideas from the private sector are welcome’’.

She said it is necessary to take all government initiatives, ideas and proposals to the next level, so that the ordinary man who earns as little as N30, 000, can own houses, she noted that there are a lot of houses that the private sector is building, that are out of the reach of the common man but government hopes to see the trend reversing, so it is imperative for government to partner with the private sector.

On the areas the private sector needs the government to intervene and the guarantees, she said.

‘’We can’t be the market, we are typically enablers, and we have to have policies on ground that will enable easy access to land, in order to bring down some of the cost components of the construction, so we have interrogated some of the things that the private sector has told us, and in the past we have tried to implement some of them.

what we’ve now decided to do is to have a steering committee at the top level, that will be chaired by the Minister of Power, Works and Housing, and we will have the key stakeholders to sit with us to be able to interrogate some of these ideas and find ways of engaging the state Governors’’.

She stated further that ‘’we have already engaged the State Governors on the issue of land through the National Economic Council’’.

On foreclosure laws she said ‘’the foreclosure law is very important in terms of bringing the private sector into the housing sector, because if you invest in a sector, you should have some confidence that you can recover your money, so the foreclosure law is extremely important for us.

We have forerunner states like Kaduna State and Lagos state, essentially engaging us to be able to implement the foreclosure law. So the private sector has seen the commitment of the government that is why they keep coming to partner with us’’. She added.

SOURCE: Affa Dickson Acho

 

 

 

AfDB Approves US$40m for Africa Infrastructure Investment Fund

The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).

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The proposal represents the Bank’s third investment with this fund manager, following a 1996 investment in SAIF and a 2010 investment in AIIF2. With this, the African Development Bank stands to have a positive additional role through this investment, given that the fundraising market continues to be very challenging, leaving an important role to be played by DFIs.

In his presentation to the Board, the Bank Group’s Director of Infrastructure and Urban Development, Amadou Oumarou, said that private equity in Africa remained a nascent sector. “The recent downturn in global commodity prices and a reorientation away from private equity in Africa by a few DFIs have lowered fundraising expectations across the board. This is negatively affecting the availability of equity capital for Africa’s infrastructure space. In this sense, the Bank would play a counter-cyclical role through this investment,” he said.

Commercial and institutional investors are likely to view the Bank’s investment as a positive demonstration effect. The Bank’s investment will also ensure the highest environmental and social standards are applied to AIIF3.

In terms of development outcomes, AIIF3 will create a quantifiable and measurable social and environmental impact by supporting energy and transport infrastructure access across Sub-Saharan Africa. The Fund will support the creation of over 1,500 jobs at the project level and enhance capacity building and skills-transfer .

AIIF is Africa-based and features five regional offices in South Africa, Nigeria, Cote d’Ivoire, and Kenya. This translates to on-the-ground knowledge and strong relationships to source infrastructure investment opportunities.

This Equity Investment is fully aligned with the Bank’s operational priorities and the High 5s, particularly ‘Industrialise Africa,’ ‘Light up and Power Africa,’ and ‘Integrate Africa’. It will sustain the development of Africa’s infrastructure market.

AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus on acquiring positions of significant influence on roads, airports, rail links, bridges, ports, logistics, power generation, utility distribution, as well as telecommunication assets. AIIF3 boasts an extensive pipeline of bankable or near-bankable infrastructure projects. Having reviewed hundreds of potential investments, AIIM has narrowed down a pipeline of circa US$ 500 million, including key projects such as Bugesera Airport, Libreville Bypass, and Kampala-Jinja Expressway.

Source:Charles Ajunwa

Federal Government social housing project ready for commissioning in Nasarawa

In its quest to tackle housing challenges in Nigeria, the Federal Government, through the Family Homes Fund is set to commission the first batch of 600 homes recently completed in Luvu, Nasarawa State.

Speaking during a tour of inspection of the project, the Senior Special Assistant to the President on Infrastructure, Imeh Okon, disclosed that she was on the tour of inspection to see the level and completion status of the project.

She said “The Federal Government has invested in the project with the private sector to provide affordable social housing to the low-income earners so we came to see the progress and see if we can bring the Vice-President to commission the houses”.

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Speaking on the affordability of the houses, she said “The initial plan we had was people that earn as low as N30, 000 monthly can be home owners, so if you have a minimum of N30, 000, you can own some of these houses”.

On her assessment of the project, she said “The buildings have been completed, and as you can see, people are already living inside, so we are just going to make most of the common areas very presentable for the people that are living in to stay and be able to enjoy the environment.

Speaking further she said “Everything is ready as far as we are concerned, there is water there is light, and you heard from what she said (One of the residents) is convenient for her, and this is the first time in her life, she owns a property herself”.

She assured Nigerians that the present administration is working to give hope to Nigerians who desire to own a home.

“The administration of President Buhari cares about the poor, and that is why this is a key concern for him to make sure that people with low-incomes can own a home, N30, 000, is not much, if you are ready to put one third of that on the table to be able to get mortgage to purchase these houses.

This is just one site, we have several across Nigeria, so even if we are starting in Nasarawa right now, we have in Ogun, we have in Delta, and we have in Kano. So what we’ve done here today, we are still going to go round those sites that are ready, to see the readiness, to also publicize it for Nigerians, to know that we have similar projects in other states. The tail end is to have it in all the 36 States, as many as we can, so it’s going to go everywhere, not just people that are close to Abuja”. She said

Also speaking during the tour of inspection, the Managing Director of Millard Fuller Foundation, the project contractor, said ‘’what you see is the first two phases of the project that is going to deliver affordable housing to Nigerians, I feel extremely privileged to be working with Family Homes Fund, with the Federal Government of Nigeria to deliver housing that is truly affordable at long last.

When we started building here we were delivering houses for as little as N1.5 million and we are still trying to bring down that price because every Nigerian deserves to have a home, that is our belief and we are really privileged to be a part of the efforts of the Federal Government to deliver these houses”.

On the Categories of houses available he said “We have studio apartments, we have one bedroom apartments and two bedroom apartments, there are one or two, three bedroom apartments but we find that most people on that level will only be able to afford about two bedrooms” he said.

The tour of inspection was led by, the Senior Special Assistant to the President on Infrastructure, Imeh Okon, officials from the Office of the Head of Service, Federal Integrated Staff Housing (FISH), and officials of the Family Homes Fund.

Family Homes Fund, an initiative of the Federal Government, is aimed at facilitating affordable housing delivery by entering into specific partnerships with supportive State Governments, developers and International partners/agencies that can provide technical support and financing for project implementation.

SOURCE: Affa Dickson Acho

Why real estate is fundamental to growing economy

Lagos, Nigeria in the next 48 hours, be hosting the ‘West Africa Property Investment summit (WAPISummit) Which is, easily, the region’s leading property investment conference. This is the summit’s second consecutive year in Lagos after its long sojourn in Accra, Ghana. Ahead of-the conference, which win be featuring more than 90 speakers and 500 delegates from over 200 companies, economists are offering insights on real estate and the economy; insisting that reforming the real estate sector is key to propelling economic growth end alleviating poverty in Nigeria.

Andrew Nevin, Partner and Chief Economist for PwC, is a respected regional and global authority on Nigeria and West Africa. Nevin will be making a presentation at WAPI on the topic, `The Global View On Geopolitics, Oil & Macro-Economics: How are these impacting investment in West African Real Estate?’ Asides his thematic commitment to this topic, Nevin will also be providing answers to a number of real estate-retalted questions, especially on wily this sector is fundamental to growing an economy.

Apparently, the Nigerian government is in denial of the fundamental role real estate can play in growing the economy and that is why, in the hoax called economic diversification programme of government, real estate is not considered a possible growth sector.

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But Nevin reasons differently. “Real estate makes up 60 percent of the world’s global assets and in developed countries, real estate buttresses the financial sector, enabling for the creation of asset-backed loans and securities’: he explains, contending that Nigeria’s real estate system cannot work without a proper land registry while banks can-not lend against a property without evidence of ownership.

“The current land titling system is onerous and excludes many people from formal ownership. Based on these facts„ real estate is one of the most critical sectors that, if reformed, will propel growth and alleviate poverty in Nigeria he posited in a release obtained by Business Day.

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Global volatility, as exemplified Trump, China and Turkey factors, are in a way impacting the local economy and, by extension, the real estate market. Foreign exchange and inflation have stabilized in Nigeria amid emerging market pressures, but crude reliance continues to leave the country vulnerable to external shocks, creating persistent uncertainty for investors in the country and affecting all sectors in the economy, including real estate.

Nevin noted that in urban areas, commercial real estate occupancy has declined as a result of low demand in an underperforming economy. Consequently, office rent has declined by 20 percent over the last 3 years in the high-end market while co-working spaces are becoming more popular, consistent with the growing number of tech start-ups and entrepreneurs

“In the premium residential market, demand has shifted to less expensive semi-detached houses and apartments. There is also persistently huge demand for affordable housing ur Nigeria’; he added, forecasting that “Nigeria’s population is set to exceed 250 million people by 2030 ( roughly 50 million households), and by 2025, our housing deficit will be approximately 20 million. We are not building enough houses for people to live in”

It is common knowledge that global of less transactions and low invest-volatility has increased oil price, which has increased oil price, which has benefitted the immediate public sector coffers, but according to Nevin, this is not a good thing as it has been argued that a lower oil price will drive economic reform but won’t $70 – $80 oil keep reform at bay.

Unarguably, the Nigerian economy is benefitting from rising oil prices which is good, because the country requires capital investment to invest in critical sectors and fund long-term structural changes. Over the last three years, Nigerians have seen government debt grow from 12 percent of GDP in 2015 to 20 percent in 2017. A further indication of high demand for government revenue is the voluntary Asset and Income Declaration Scheme (VAIDS), which was implemented to grow tax revenue.

Failure to diversify the economy is a result of bad policies and poor implementation of good policies and poor implementation of good policies. Oil prices have fluctuated since the first quarter of 2016 (over 2 years ago) and the country still has not achieved a diversified economy. There is no reason to believe that persistently low prices in the future will make this happen.

Significantly, though in a negative way, macro-developed factors have impacted the real estate sector in terms of less transactions and low investment. The sector has not seen positive growth since the start of recession in 2016. It has continued to lag behind overall growth, recording a growth rate of -3.88 percent in the second quarter 2018.This is, however an improvement from the -9.4 percent growth of the preceding quarter.

Tight monetary environment, reflected in high interest rates and currency restrictions, are huge contributors to the slow growth in the real estate sector. Heavy government borrowing has croweded out the private sector, making it difficult for investors to finance the capital-intensive projects to the real estate sector. This issue reinforces the need for the government to undertake structural reforms that will improve capital stock and business environment.

For real estate and other sectors the economy, 2019 elections raise major for concerns. The elections will revolve around the economy. There is growing frustration over slow growth, high unemployment, low liquidity and poor infrastructure. Foreign who have low confidence in the economy are also keeping close watch. Thus the election outcome will have some effect on Nigeria’s economic health in the short run.

 

Source: Chuka Uroko

Former UPDC boss launches new firm, targets 5,000 housing units

Concerned about existing deficits in the middle-income segment, the immediate past Managing Director, UACN Property Development Company, Mr. Hakeem Ogunniran has unveiled his new firm- Eximia Realty Company Limited, which plans to bridge the housing gap in the country with 5,000 units.

To kick-start the vision to build the units in the next five years, two projects in that category are set for launch at Lawton Park 64 Apartments and Maestroville 42 apartments with studios, one and two bedroom flats in Lekki area.

Speaking during the event, Ogunniran said the objective is to re-define the narrative by challenging the status quo and creating a unique and innovative platform to deliver real estate solutions in Nigeria and Africa.

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He stated that to move the industry forward, there is the need to commoditize real estate and industrialize the process of housing delivery in Nigeria. He said that firm would be tech savvy in building and in business transactions. Ogunniran said the vision of the company is ‘to become Africa’s pace setting property company by creating real value for the people, communities and investors’ while its mission is to build future dreams today through innovative, value-driven and customer focused real estate solutions.

“We have acquired lands in secured locations and we made flexibility in housing deisgns a must. Our unique offerings are targeted primarily at the mid-tier market, especially first time homebuyers. People will benefit from. The facilities and amenities include, communal lounge, 24-hour power supply, children playground, gym, Laundromat, Sewage/Water treatment plant, CCTV/Controlled Access/Security and Wifi/Hot spots.
Ogunniran noted that the firm is also a joint developer of ‘The Mews at Katampe’, Abuja, ‘Genesis Commercial Park’ in Opebi Ikeja and Joint Promoters of the new ‘Lake City’ Lekki, Lagos”.

He further said the company is into partnership and funding arrangement with Plovercrest Capital Ltd, a South Africa company to deepen operations while some non-executive directors which include, Ms Faith Tuedor-Mathew and the Executive Vice Chairman, Brentex Petroleum Services, Sanni Nuhu Abubakar, among others, have been appointed into the board of the company.

In his address at the occasion, the immediate past Vice Chancellor of the Obafemi Awolowo University, Prof. Bamitale Omole said the company is set to change the narrative of real estate in Nigeria and Africa. Omole who is the Chairman, Board of Eximia said that the firm would also provide quality service and be people-oriented as well as deplore latest technological innovations available in the sector to satisfy customer.

He lauded the founder, who, he described as a man whose character is defined by integrity, intelligence, hard work and trustworthiness.While unveiling the company, Chairperson, the chairperson, NEPAD Business Group Nigeria/Special Guest of Honour at the event, Dr. Nike Akande observed that Small and Medium Scale Enterprises, SME’s are critical for economic growth and development of any nation. Akande expressed confidence that the company would help to bridge deficits in housing and provide jobs for many Nigerians especially, the youth.

Source: Victor Gbonegun

Reducing housing deficit is FG’s priority -Minister

Malam Suleiman Zarma, the Minister of State II for Power, Works and Housing, says the Federal Government is committed to the reduction of  the nation’s housing deficit, put at over 17 million, through its National Housing Programme (NHP).

Zarma spoke on Thursday in Abuja at the inauguration of a three-block of 12 units of two bedroom flats in Lugbe, Abuja.

The structure was built by the Staff Multi-Purpose Cooperative Society (SMCS) of the Housing Sector, Federal Ministry of Power, Works and Housing.

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The minister commended the foresight, innovative ideas and the efforts of SMCS officials for taking a giant step to address the housing needs of its members.

He said the project was in line with the core mandate of the ministry to ensure adequate, affordable and sustainable housing delivery in the country.

“The ministry’s present leadership is committed to advancing the cause of the welfare of staff.

“Talking about support, I mean providing you with some technical and logistic assistance to realise your objectives,” he said.

He urged the leadership of the society to ensure that their structures were built on lands that were properly acquired in line with laid down rules.

In his remarks, Mr Frank Ijiofor, the Chairman of SMCS said the project was executed at the cost of N86.5 million through direct labour.

He solicited Federal Government’s assistance  in the construction of roads leading to the society’s housing projects spread across FCT.

Source: NAN

Ghana launches its first Building Code regulation

The government of Ghana has launched its first Building Code aimed at regulating the activities of the country’s building and construction industry.

Speaking during the launch, Dr Mahamudu Bawumia, Ghana’s Vice President expressed delight over the production of the standard document after decades of effort in the formulation.

“Ghana has been operating without a comprehensive building code since independence. Essentially, it has been a free for all in the building and construction industry with no clearly defined standards. Ghana’s  construction environment will now be safe and meet international standards,” said Dr. Mahamudu Bawumia.

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Ghana Building Code

The Ghana Building Code GS1207 of 2018, is a 1,700 pages and 38 section comprising of requirements, recommendations, planning, management and practices that will lead to a  smooth operation  and construction of residential and non-residential buildings. Local Ghanaian training institutions will be provided with a copy that would soon be online.

The code was  formulated by a 22 member technical team including representatives from the Ministry of Works and Housing, Ministry of Trade and Industry, Institution of Engineers, Surveyors and Institute of Architects and Standards Authority and passed by the legislature.

Components of the  Building code

The building code sets regulations for areas such as; safeguarding during construction, site development and land use, energy efficiency and sustainability, fire and smoke protection measures, planning, management and practices under construction and requirements for plumbing and electrical systems among other.

Materials used in construction of schools, roads, hospitals and all public construction as per the gazetted noticed are required to use standard specific  materials in accordance to the  new Ghana building code. This will in turn create a fair and uniform cost for construction and guarantee safety from collapsing buildings.

The vice-president emphasized the need for having a building code for all countries. He described the move as a key component of the ruling government’s determination to formalize the Ghanaian economy. He further stated  that, the building code gave people value for their money against all construction related procurement.

“Building Codes are critically important in all countries. They specify the requirements needed for all aspects of building and construction,” said the vice president.

SOURCE: Construction Review

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