5 Reasons Buhari Chose Fashola As Minister Of Power, Works and Housing

Buhari chose Fashola as minister of power, works and housing for these reasons:

1. High spirit of patriotism

The former governor of Lagos state has always showed his passion for the progress of Nigeria. He believes in the project of a prosperous Nigeria. He proved this when he steered the ship of Lagos for eight years. He had always been at the forefront of Nigeria growing and developing to become the toast of other African countries where investors will come to establish companies and industries.

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2. Fashola is a workaholic

The minister of power, works and housing is a person who never gets tired of whatever he sets his eyes to achieve. When he came in as governor of Lagos state in 2007, his hair was black. However, after eight years in which he turned Lagos into the state to beat in Nigeria, his hair had all become grey. Likewise, Fashola executed many projects that Lagosians will ever be grateful to him for. Fashola never gets tired of working to get positive results.

3. Highly innovative

Fashola is someone who brings new things on board. He used his intelligence to fashion out ways in which the internally generated revenue of Lagos state increased more than 100% while governor. He also came up with the Lagos state security trust fund, which assisted in reducing crime in the state.The restructuring of the once notorious Oshodi under bridge during his first term as governor is what a good number of Lagosians will never forget in a hurry. Oshodi used to be a haven for all forms of crime, illegal human abode and large traffic jams before Fashola cleaned up the place.

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4. A team player

The former governor of Lagos state never did things without making wide consultations and joining hands with people of like minds to bring progress to Lagos. He ensured that he implemented his predecessor’s idea for a Bus Rapid Transport System which eased the transportation problems of Lagosians.

5. Buhari’s trust in Fashola

Before the president selected Fashola as a ministerial nominee, there was a lot of talk from some quarters that Buhari might drop him due to some powerful forces within the ruling All Progressives Congress working against his nomination. However, the president had other ideas. He had so much faith in Fashola. He believed he achieved so much when he governed Lagos state. Moreover, Buhari saw Fashola as a disciplined man just like himself who was ready to work assiduously.

FMPWH Constitutes Committee to Work Out modalities For Occupation of NHP Houses

The Federal Government said on Friday that it has constituted a committee to work out modalities for the occupation of houses being built under the ongoing National Housing Programme (NHP).

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The Zonal Director, NHP, North-Central zone, Mr Valentine Nwaimo said this on Friday, during an inspection of the NHP project located in Osin Aremu, besides Asa Dam, Ilorin, Kwara.

Nwaimo in the company of some top officials of the Ministry of Power, Works and Housing noted that once the modalities were in place, the houses would be given out immediately to eligible people.

According to him, the committee comprised of estate surveyors and valuers, architects, engineers among other stakeholders expected to facilitate professional inputs for quick occupation.

With the ongoing first phase of the programme in 33 states of the federation, Nwaimo noted that there would be a second phase while the Federal Government was targeting to build 5,000 housing units in the long run.

Assessing the impact of the project and it’s contribution to the Gross Domestic Product (GDP), he stated that several lives have been impacted positively since its commencement.

“The project is for the primary purpose of providing accessible, affordable and decent housing for all Nigerians”.

He acknowledged the timely response of the state government and its readiness to donate additional land for the second phase of the NHP.

The Federal Controller and Team Leader of the project, Mr Shonibare Ibikunle said that there were 76 housing units under construction of which four units have been completed while 19 contractors were engaged.

Ibikunle who rated the completion level of the project at 60 per cent, said that it would be delivered before the end of 2018.

One of the contractors, Mr Babatunde Salle said in order to promote local content, he relied on made in Nigeria building materials and indigenous artisans at the project site.

“I have engaged 50 bricklayers, 30 carpenters, 20 iron benders and 20 suppliers, with the job, they are benefiting from the government because of its wealth and job creation.

The Zonal Director had earlier inspected the NHP project situated at Crusher Community, Lokoja, Kogi, comprising of 76 units of various housing types ranging from one, two and three bedrooms semi-detached.

The Team Leader of the Project in Kogi, Mrs Veronica Enesi, hinted that the project had attained 85 per cent completion, aside the road and water infrastructures.

She added that up to 24 units of the houses were ready to be given away once the Federal Government issues the directive to do so.

“Although we have challenges, looking at the terrains, there in a lot of erosion disruption at the site, some contractors have to construct soak away pits twice.

“When the road contract is executed and the drain is set, the erosion will be controlled,” she said.

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It was also gathered that the project was almost interrupted by the youths in the community, but the Leader, Olu of Oworo, Hiro Adoga, intervened on behalf of the state government for the project to progress.

Meanwhile, the community leader, George Mattaga, told Housing News that the project had economic impacts on the lives of the people in the area.

IMPERIAL HOMES MORTGAGE BANK RESTATES COMMITMENT TO EMPOWER NIGERIANS TO OWN HOMES

Imperial Homes mortgage bank one of Nigeria’s leading mortgage banks, has assured Nigerians of its commitment to providing easy and affordable mortgage solutions to address and help reduce the housing deficit in Nigeria.

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The bank expressed this commitment through a statement released from its corporate headquarters in Lagos.

With a housing demand estimated at over 17 million accelerated by an exponential increase in population, Imperial Homes Mortgage Bank – formerly GTHomes – stated that there is an urgent need to providing financial solutions to owing your own home.
“We have always focused on leveraging on international best practices to provide affordable rates and packages for our customers. Our mission to provide affordable housing scheme for all Nigerians has been the driving force behind our operations, and we have made giant strides over the last couple of years, but we definitely believe that a lot more still has to be done,” said Ben Akaneme, Managing Director, Imperial Homes Mortgage Bank Limited.

“Since we changed our name to Imperial Homes Mortgage Bank Ltd from GTHomes Ltd in 2014, we have consolidated our position as one of Nigeria leading mortgage Bank by making Home ownership easy and accessible, as well as contributing to efforts to improve the industry, so that more Nigerians can afford and have access to mortgage solutions,” he added.

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Imperial Homes Mortgage Bank Limited has an array of products, which include Imperial Homes Classic, Imperial Homes Direct, and Imperial Homes ESS offers some of the best rates in the country. They are specifically designed to make home ownership easy for Nigerians.

Why Government Should Support the Building Industry

Ayodeji Ake

Calling the attention of the government to the crawling building industry, the Managing Director of Knightstone Properties Limited, Mr. Adeniyi Adams, has said the government can score political goals not only by campaigning into offices but also investing in the building industry. Adeniyi lamented that the building industry seconds the Information Technology (IT) industry in massive labour employment, yet the government is paying little or no attention to them.

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Addressing journalists at the recent unveiling and handing over of 20 units of houses developed by Knightstone Properties Limited, he said government interventions in the building industry in terms of regulation of foreign exchange, mortgage systems and loans will sky rocket the industry. “In terms of building, government can score political goals. This industry is big and serving a good purpose. The government can support in various ways. Even If the pension fund can be used to support this industry, that will go a long way. The government really needs to support the industry”, he said.

Speaking further on mortgage system, Adeniyi said a larger percentage of the population are in the informal sector who has been disenfranchised of acquiring a land or buying a house because the mortgage system does not cater for them.

“We are not yet serious bridging the housing gap because if we are serious, we should address the issue of the mortgage system. The mortgage system is a not catering for the informal sector and that’s where we have the population of people on the street, the market people, and others into business. But because they don’t have proof of income, the mortgage system doesn’t cater for them,” he said.

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Urging the government on swift intervention in the building industry, Adeniyi stated that Nigeria has the capacity of churning out houses in low prices to curb housing deficit if only the government can assist the industry. “We should be delivering bungalows at three to four million naira if all things being equal but it’s practically impossible when everything is on the high side. We really need the government to come to our aide,” Adeniyi said.

NESG Seeks Special Intervention Fund on Mass Housing Devt

Ndubuisi Francis in Abuja

The Infrastructure Policy Commission (IPC) of Nigeria Economic Summit Group (NESG) has advocated the need for Nigeria to develop a special intervention fund that would help to subsidize the cost of mass housing development.
This is even as the group rejected the current 17 million housing deficit, adding that one of the cardinal responsibility of government is to guarantee the security and welfare of the people.

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Member of the Committee, Engr. Kashim Ali who disclosed this yesterday when he led members on a courtsey visit to Federal Mortgage Bank of Nigeria (FMBN) headquarter in Abuja noted that ‘citizens cannot be said to be secured when they lay under the bridge’.

He noted that the essence of the visit is to seek for effective collaboration with FMBN since its the foremost institution on mortgages and housing delivery in Nigeria.

According to him, “We also want you to consider the recommendations made in the last NESG summit especially the ones that concerns the urban and housing development sector”.

Ali who is the president of Council for the Registration of Engineers in Nigeria (COREN) further sought FMBN backing in enacting laws on titling, foreclosure and construction of housing projects .
He noted that such laws should be protect investors, developers and home buyers.

Reacting , the managing director of FMBN, Arch Musa Ahmed Dangiwa recalled that the bank participated actively in the last economic summit as one of the discussants on housing and opportunities in low cost housing.
He added, “We are happy to receive your indication of interest to partner with us towards enhancing affordable housing which is one of your key focus”.

Dangiwa maintained that FMBN has improved the turnaround time on access to loan saying that the bank has reduced the ease of doing business to enable people access loans as quickly as possible.

Lagos Govt reduces Land Use Charge

•No more penalty for late payment
•Payment can be made by installments

The Lagos State Government has announced the reduction in the Land Use Charge.

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Reports say the reduction was part of the conclusions reached at the meeting of the Lagos State Executive Council chaired by Governor Akinwunmi Ambode on Thursday (today).
The state government had jacked up the charges payable by 400% as enabled by the Land Use Charge Law of 2018.

Sequel to the reduction, therefore, the government has done the following:

• Cut commercial charges by 50 percent

• Reduced charges for owner-occupier with third party — including industries and manufacturing concerns by 25 percent

• Waived penalty for late payments across board
• Given tax credits for LUC charges already paid

• Introduced Installment Payment System

Stakeholders had criticised the increment of the LUC, insisting that it was capable of affecting business and the general financial wellbeing of Lagos residents.

Such stakeholders included the Organised Private Sector, Nigeria Bar Association, real estate investors & developers, landlord & resident associations, community development associations, Civil Society Organisations, Lagos Chamber of Commerce and Industries, Nigeria Institute of Estate Surveyors & Valuers and several other professional groups.

Now, commercial property owners will be granted 50 percent discount. This means a commercial property valued at N20m which was earlier billed N91,200 will now pay N45,600 per annum.

Property occupied by owner and third party and property used for industrial and manufacturing purposes will now enjoy 25 percent discount. This means that a N20m property expected to pay N30,720 will now pay N23,040 per annum.

Owner-occupied property will enjoy 15 percent discount. So, for a N20m property, this used to be N9,120. Now, it is N7,752 per annum.

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Meanwhile, the penalty regime for late payment of LUC has been waived completely. Therefore, LUC payers who have received their bills will no longer be penalised for late payment of bills issued in 2018, thereby providing additional relief to LUC payers.

Other rates and reliefs, apart from the ones stated above, will remain unchanged and will be implemented as stipulated by the Law.
These include 40 percent general relief, 10 percent for 70 years and above, 10 percent for properties owned by persons living with disability and 10 percent for properties that are 25 years old and so on and so forth.

Owners of Property across all categories will now be allowed to make payments by installments, to reduce the burden of taxation on citizens.

The sitting resolved that it shall forward to the Lagos State House of Assembly for review and passage the following regulations:

a) The Regulation for review of applicable rates and regime of reliefs on Categories of Properties pursuant to LUC Law.

b) The Regulation for a framework for self-assessment.

Kenya, Ghana To Partner Visionscape On Waste Management, Electricity Generation

Waste management company, Visionscape and the government of Ghana have signed an agreement on waste management and electricity generation, while a similar arrangement is already being worked out with Kenya.

According to reports, Visionscape and authorities of Ghana and Kenya have had series of meetings in Lagos and Dubai.

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It was gathered that the Ghanaian delegation said they were impressed by the global pedigree of Visionscape and they would like the company to provide an end to end solution in the management of their waste. The Ghanaian team, it was further gathered were impressed with the new compactors and other facilities Visionscape was bringing into Lagos for its operation.


It was further gathered that a presentation was made on behalf Visionscape by a company identified as GIL Capital to the Governor of Nairobi City County in Kenya.

A source said the Governor, Mike Mbuvi Sonko, had written a letter to Visionscape inviting the organisation to make a detailed presentation on the prospective waste management approach that could assist his County to have a one-stop shop management solution.

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The presentation it is expected would include how to generate electricity from a garbage dumpsite.

Visionscape Group, an environmental utility group of companies already has operations in Dubai, the United Kingdom, Belgium and Lagos, Nigeria.

Kebbi Commences Payment Of N274m Compensation To Land Owners

Kebbi State Government has commenced the payment of N274 million compensation to land owners affected by the ongoing construction of township road in Gwadangaji, Birnin Kebbi Local Government Area.

Alhaji Abubakar Suleiman, the Acting Permanent Secretary, Ministry of Lands and Housing, who supervised the payment in Birnin Kebbi, reiterated the commitment of the state government to promote socio-economic well-being of the citizenry.

“We are committed to the execution of projects that will promote the socio-economic well-being of our people.”

He said that the construction of the roads in Gwadangaji town was aimed at promoting the socio-economic activities of people of the area and the state in general.

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Suleiman urged the people to continue to support the state government in its efforts to deliver dividends of democracy.

He also enjoined the people to ensure the maintenance of projects executed for their benefit.

He commended the district head of the area, Alhaji Umar Ahmad, and people in his domain for their support and cooperation in ensuring the success of the exercise.

In his remarks, Ahmad commended the state government for fulfilling its campaign promises of improving the well-being of the people.

 

“We also commend the state government for adequately and promptly compensating our people whose lands and houses were affected by the road construction in the area,” he said.

Affordable Housing: Mortgage Bank, Stakeholders Partner To Remove Bottlenecks

The Federal Mortgage Bank of Nigeria (FMBN) says it is partnering with key stakeholders in the housing sector to reduce bottlenecks that hindered affordable housing in Nigeria.

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The FMBN Managing Director, Mr Ahmed Dangiwa made this assertion on Wednesday when a delegation of the Nigerian Economic Summit Group (NESG)’s Infrastructure Policy Commission (IPC) visited him in Abuja.

Dangiwa listed the key stakeholders as the Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of Nigeria (REDAN).

Dangiwa noted that in order to tackle the challenges in the sector squarely, the FMBN introduced a tripartite meeting with the stakeholders monthly, aimed at resolving issues challenging easy access to affordable housing.

The FMBN boss noted that the bank would also not relent in its push at the National Assembly for the repeal of the bill establishing the FMBN and the National Housing Fund (NHF)

“A bill to repeal the NHF and FMBN acts is presently at the National Assembly, it will strengthen access to mortgages if achieved,” he added.
He further said that the bank was also collaborating with Trade Union Congress (TUCc) and Nigeria Labour Congress (NLC) on production of housing development models to enhance mass housing.

 

Dangiwa also urged the National Assembly to enact law to address misconducts in the mortgage system.

Earlier, Mr Kashim Ali, President, Council for Regulation of Engineering in Nigerian (COREN) and a member of the (NESG) IPC steering committee said that the visit was to seek for collaboration to achieve some objectives.

Ali noted some of the areas to look into with the bank as housing and urban reform, enactment of foreclosure law, security and welfare of contributors as well as land titling issues.

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He called for effective collaboration with the bank for construction finance of low cost housing to enhance affordable housing.

FMBN explain reasons for unoccupied houses in 10 states

THE Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, on Wednesday, said the issue of affordability is the major reason why estates built by the FMBN in 10 states remained unoccupied.

Dangiwa, who expressed worry over the development said, despite efforts to construct homes at the cheaper rate, the houses still remained inaccessible.

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He stated this at a meeting with 9-member
the delegation, led by the President of the National Economic Summit Group (NESG), Engr. Kashim Ali, to the FMBN headquarters, in Abuja.

To this end, he disclosed plans to partner with the state governments to fix the infrastructural aspect of the projects in order to reduce the entire cost.

He also said efforts are ongoing to commence implementation of the rent-to-own initiative.

While noting that the bank is the last resort for the common man, he said it will partner with the Nigerian Labour Congress (NLC) to design cheap homes, reduce housing cost to ensure
affordability.

“In order to assist homeowners, we realize that that factor of affordability mentioned has been a stumbling block. We currently have estates in more than 10 states that have not been
occupied.

“They are being built at a cheaper rate. But despite that, people cannot access the mortgage. We are looking at two ways to address it. This housing development project for Nigerian workers, we
are trying to encourage the state governments to do the infrastructure for us to reduce the housing cost.

“Second is the rent-to-own initiative. We have finished the paper, it’s just to implement it. We are discussing with the state governments to key into it”

In his remarks, the NESG President said the Federal Government has the constitutional mandate to provide shelter for the people before
proceeding to security and food.

He blamed stakeholders in the sector for relying on the statistics of 17 million housing deficits rather than providing more reliable data to enable proper planning and development.

Ali advised the FMBN MD to help address issues relating to affordability, land title and foreclosure.

He emphasized need to include house developers in the annual National Council on Housing as well as financiers in order to factor their inputs while designing housing policies.

In another development, the FMBN boss warned Mortgage Bankers’ Association of Nigeria ( MBAN) to refrain from delaying disbursement to developers.
He said disbursements should be made once such has been received.

Dangiwa gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of Nigeria (REDAN).

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He warned that appropriate sanctions will be taken against any defaulting members.

In the same vein, he urged members of MBAN to minimize the Turn Around Time (TAT) even as he charged REDAN to come up with affordable housing models and avoid unilateral changing of building designs, specifications and scope.

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