Lagos deploys facility managers in state-owned estates

The Commissioner for Housing, Lagos State, Gbolahan Lawal, says the government has made it mandatory for facility managers to be engaged for the management of all existing and new state-owned housing estates.

Lawal made this known at a ceremony to hand over keys to 150 allottees under the Lagos State Government Rent-to-Own initiative.

He said the move became necessary to prevent housing estates across the state from degenerating into slums.

“Evidence of this abounds in many of the state government housing estates. Facility managers will ensure that the estates are well catered for and are in good, clean, hygienic and environmental friendly conditions,” he said.

The commissioner noted that the country and Lagos in particular were presently in the throes of housing deficit occasioned by the demand for decent, secure and affordable housing, which was far higher than supply.

He stated, “In a bid to solve this problem and prevent the continuous emergence of slums, the administration of Governor AkinwunmiAmbode came up with the rent-to-own policy aimed at ensuring that all Lagosians, irrespective of income, status and affiliation, have access to decent and affordable housing.

“The handing over of keys to another batch of 150 people brings the number of allottees to 650 so far. What this implies is that a total number of 3,000 people have so far benefited from the scheme if calculated at an average of five persons per family. The state currently has about 5,008 housing units in 12 different locations across the state dedicated to the rent-to-own housing policy, which enables aspiring homeowners to pay five per cent of the value of the property and spread the balance over a period of 10 years.”

He said other initiatives put in place by the state government to make housing more readily available were the Rental Housing Programme, targeted at persons with irregular sources of income, who might be more interested in rental housing, or who were not able to meet the requirement of the five per cent commitment for rent-to-own; and the Lagos Affordable Public Housing initiative.

According to him, the LAPH is a joint venture arrangement between the state government and the private investors aimed at constructing 20,000 housing units over a period of four years.

Maureen Ihua-Maduenyi

Stop patronising touts for property registration, LASG tells residents

The Lagos State Government has warned residents and property owners in the state to desist from patronising touts and third-party agents when registering their properties.

The Special Adviser to the Governor on Urban Development, Mrs.YetundeOnabule, stated that residents should register their properties by themselves at the designated land registry or engage the services of seasoned professionals.

“The Land Registry is now very conducive for all transactions, it is easy to access and displays required documents for all kinds of registration. Therefore, I enjoin you to please make the best use of it, desist from patronising touts and third parties in registering titles, and save yourselves from embarrassments and financial loss,” she said.

Onabule, at the 2018 Ministerial Press Briefing of the Lands Bureau, stated that the bureau recently discovered fraudulent activities in the process of title documents and had consequently de-registered the affected documents.

She added, “Upon discovery of fraudulent activities in the registration process of title documents without strict adherence to laid down procedures in the registry, the Registrar of Titles had de-registered some title documents and contacted the affected property owners on the development, charging them to provide all necessary evidences on the registration.

“This is in line with Section 99 of the Lagos State Lands Registration Law, 2015, which empowers the RoT to de-register title documents found to have flouted the registration procedures in the Land Registry. Some of those that have responded to the notification put forward by the RoT have failed to provide genuine evidences towards satisfying all required payments and processes for the registration.

“In interrogating them, some of the property owners claimed that they paid for the registration through third parties, whom they either met at the car park or other areas in and around the premises, or were introduced to them by a friend, who in turn does not have a good grasp of who these third party agents really are. It is indeed unfortunate that some clients have ignorantly fallen into this challenge.”

She stated that the de-registered title documents could be re-registered on the condition that all due processes and all laid down procedures were strictly adhered to, including the penalty attached to it in Section 119 of the Lagos State Lands Registration Law, 2015 for registering title documents fraudulently.

Onabule stated that the zeal by residents to obtain title documents had tremendously increased following the awareness consciously created by the current administration.

Maureen Ihua-Maduenyi

Aso unveils new estate in Abuja

ASO Savings and Loans Plc has inaugurated the Phase I of the Aso Garden Estate in Karsana, Abuja.

According to the firm, the estate, which was fully financed by Aso, comprises of 249 housing units made up of 129 units of two-bedroom apartments, 117 units of three-bedroom apartments and three units of four-bedroom duplexes.

It added that the housing project, conceived by Aso Savings and Loans Plc in partnership with Global High Property Development Limited, would raise the bar in housing project delivery not only in the Federal Capital Territory but in the country.

The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, who led dignitaries on a tour of the estate and later did the inauguration, was said to have commended the board, management and staff of Aso Savings and Loans Plc for successfully completing the project in spite of the challenging economic environment.

The Chairman of the Board of Directors, Aso Savings and Loans Plc, Alhaji Ali Magashi, noted that the delivery of the estate was a no small feat given the harsh economic realities.

Maureen Ihua-Maduenyi

 

Building collapse: Engineers want NASS to pass bill to check contractors

Structural engineers have appealed to the National Assembly (NASS) to propose and pass a bill which would check careless use of building contractors in project execution in the country.

Addressing journalists in Calabar, branch chairman of Nigerian Association of Technologists in Engineering (NATE), an affiliate of the Council of Registered Engineers in Nigeria (COREN) Bishop Ndoma Nyambi said that the major cause of building collapse was the unrestrained engagement of reckless and inexperienced building contractors.

He said the bill when passed into law would reduce the rampant presence of defective buildings and the grave consequences.

Ndoma emphasized that there was need to prevent clients such as building owners whether government or private from using contractors with inexperienced engineers.

He expressed worry that private buildings under construction are hardly supervised by building engineers which is the major reason there are loopholes for defection and other dangers.

“It is not only buildings. A lot of people are constructing drains and culverts on roads without supervision from relevant engineers.

“There is need for provisions to penalise anyone because it appears anyone can just wake up and build anything using any standard without an enforcement from government,” he said.

He said it had always been the duty of government to provide access slabs and the drains on roads supervised by government engineers.

Eyo Charles

Building collapse: Engineers want NASS to pass bill to check contractors

Structural engineers have appealed to the National Assembly (NASS) to propose and pass a bill which would check careless use of building contractors in project execution in the country.

Addressing journalists in Calabar, branch chairman of Nigerian Association of Technologists in Engineering (NATE), an affiliate of the Council of Registered Engineers in Nigeria (COREN) Bishop Ndoma Nyambi said that the major cause of building collapse was the unrestrained engagement of reckless and inexperienced building contractors.

He said the bill when passed into law would reduce the rampant presence of defective buildings and the grave consequences.

Ndoma emphasized that there was need to prevent clients such as building owners whether government or private from using contractors with inexperienced engineers.

He expressed worry that private buildings under construction are hardly supervised by building engineers which is the major reason there are loopholes for defection and other dangers.

“It is not only buildings. A lot of people are constructing drains and culverts on roads without supervision from relevant engineers.

“There is need for provisions to penalise anyone because it appears anyone can just wake up and build anything using any standard without an enforcement from government,” he said.

He said it had always been the duty of government to provide access slabs and the drains on roads supervised by government engineers.

Eyo Charles

Experts blame building fire incidents on low safety standards

Safety and fire management experts have blamed the high rate of fire incidences in domestic and commercial buildings on low safety standards and use of poor quality electrical products.

At a safety roundtable organised by power management company, Eaton, on ‘Enhancing electrical safety in buildings’, experts noted that the statistics of fire incidences in the country had become alarming, even though the numbers were under-documented.

A Senior Safety Officer with the Lagos State Fire Service, Temitayo Awosanya, said there was a need for more enlightenment on how to prevent fire in homes.

According to him, carelessness is the major cause of fire outbreak in houses and accounts for at least 75 per cent of the recorded cases.

Other causes, he noted, were the use of substandard products, lack of technical know-how, and careless handling of flammable liquids.

“Fire safety is an important topic and everyone must be enlightened. Every environment is not the same, so everyone needs the input of professionals. It is not enough to just buy fire extinguisher. Fire is a friend; but when it gets out of hand, it becomes your enemy. What you do before the fire occur is very important,” Awosanya stated.

The Principal Partner, JOJO and Partners, an electrical, mechanical and telecommunications engineering consulting firm, Mr. Tunde Olukoya, stated that safety had become a big issue in the country and that fire incidences were not being properly documented.

“In as much as we see safety as important, our disposition is such that we do not pay attention to the consequences. Accidents can happen anytime but it has been all talks and no action. We have to work the talk,” he said.

The Director of Safety Training and Education, Lagos State Safety Commission, Mr. Adebyi Adeyinka, said the commission had discovered that facilities were getting burnt frequently because most electricians were not well trained, adding that lack of skills was leading to wrong use of equipment.

“Most connections and products used are also substandard but fire incidences related to electricity have reduced since we started training electricians. We also continuously conduct safety audits of building,” he said.

According to the International Sales Manager, Fire Systems, Eaton, Andy Souten, builders spend more money on the aesthetics of a building to the detriment of the electrical installations.

He stated that there was a need for the government to enforce more regulations on fire safety.

The Managing Director, Nigerian Electricity Management Service Agency, Mr. Peter Ewesor, said the government had always put rules and regulations on electrifying buildings in place but that compliance had been low.

“We need to follow best practices which include checking on installations every five to 10 years to ensure they are working optimally,” he said.

Eaton’s Marketing Director for Africa, Sumaya Abdool, said the topic of fire safety had become critical to the company and to the lives of everyone.

“We believe in leaving a greener future for the generation coming through our products, which are safe, efficient and reliable solutions,” she added.

The Regional Manager, Eaton West Africa, Charles Iyo, said incidences of electrical fire were a growing concern everywhere in the world and one of the major causes of injuries, loss of property and even death.

“As stakeholders, it’s important that we begin to take more than a cursory look at fire safety measures right from the planning to the completion stage,” he said.

Maureen Ihua-Maduenyi

 

Subscribers get rent-to-own houses in Lagos

About 650 subscribers have benefited from Lagos State’s Rent-to-Own housing scheme introduced by the Akinwunmi Ambode administration.

The Rent-to – own scheme, which was adopted from the State’s Home Ownership mortgage scheme, requires only a 5 per cent deposit and 30 percent equity contribution from the allotees, while the balance is spread over a 10-years period.

The State Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this figure at the hand -over ceremony of keys to 150 allotees, said the policy was targeted to all Lagosians to have access to decent and affordable housing.

According to him, the new batch of allotees has brought to 650 total housing units allotted so far in the scheme. He enjoined the allotees, who are given keys to one bedroom apartment at Oba Adegboruwa Estate, in Ikorodu to ensure proper maintenance of their apartment.

Lawal stressing that the state has now made it mandatory for facility managers to manage new and existing estates in Lagos to prevent degeneration of the estates and to keep it environmentally friendly.

Earlier, the General Manager of Lagos State Mortgage Board, Mr. Dehinde Tunwashe, said the allocation of the housing units was carried out in a fair and just manner.He urged the allottees to ensure prompt payment of their monthly rent to encourage the state government to provide more houses.

Tunwashe said it is mandatory to pay insurance premium on the policies put in place by the state government to safeguard their property against any form of disaster.

He further urged the allottees to cooperate with the facility managers and ensure that the facilities in the estates are put to good use.

Bertram Nwannekanma

ABUJA OVERTAKES LAGOS IN FOREIGN CAPITAL INFLOWS

*UK, US, S’Africa and Ghana top list of countries of origin

The Federal Capital Territory, Abuja has become the leading recipient of foreign capital inflows, commencing from the fourth quarter (Q4) of 2017.

In the first quarter (Q1) 2018, the nation’s capital also overtook with an inflow of $3.54 billion, the National Bureau of Statistics (NBS), has revealed in its ‘Capital Importation (Q1)’ report, which has just been released.

This indicates an increase of 32.24 per cent from the figure recorded in the previous quarter, when it reported $2.68 billion.

At the same time, capital importation to Lagos increased marginally by 4.59 per cent from $2.55 billion in the last quarter to $2.67 billion in Q1, 2018, while Capital Importation to Akwa Ibom was $43.62 million, which is a decline of 65.05 per cent from the figure reported last quarter ($124.85 million).

In contrast, Ogun, Bauchi, and Kano States witnessed strong growth in foreign capital inflow in the first quarter, each recording respective growth rates of 182.06 per cent, 370.59 per cent, and 154.84 per cent on a quarter-on-quarter basis.

The NBS also revealed in its just-released ‘Nigerian Capital Importation (Q1 2018)’ report that the total value of capital imported into the country in the first three months (first quarter) of 2018 stood at $6,303.63 million, representing a 594 per cent increase (year- on–year) from $908.3 million in Q1 2017.

According to the agency, the first quarter in 2018 saw a continuous growth in total capital importation into the country, the fourth consecutive quarterly increase since the second quarter (Q2) 2017.

A breakdown of the Nigerian capital importation by country of origin showed that the United Kingdom (UK) kept its leading role in capital investment in Nigeria in the first quarter of 2018, with $2.25 billion capital invested in the country.

This inflow accounted for 35.73 per cent of the total of capital inflow in Q1,2018, it was also a 39.89 per cent increase from the previous quarter and a growth of 644.55 per cent over the corresponding period of last year.

As well as the existence of a historical relationship between the UK and Nigeria, London (its capital) is also a principal financial centre, which explains the high value of foreign capital from the UK.

Since 2010, the UK has accounted for the highest value of capital importation in all but two quarters (both in the second half of 2015).

Similarly, the second most significant value of capital importation came from the United States, accounting for $1.26 billion in the first quarter of 2018 or 19.99 per cent of the total quarterly capital importation.

The US has also been one of the most important investors in Nigeria, usually either the largest or second largest investor country. The next two largest investors in the first quarter of 2018 were South Africa and Ghana, which recorded $493.22 million and $380.14 million capital inflow into Nigeria in the first quarter respectively.

These two countries’ capital investment accounted for 7.82 per cent and 6.03 per cent of the total quarterly capital importation in Q1 2018.

Capital Importation from South Africa increased by 79.29 per cent from the previous quarter and by 673.19 per cent relative to the first quarter in 2017.

The first quarter in 2018 was the first time since 2013 that Ghana made a significant capital investment in Nigeria, which made Ghana the fourth largest Capital Importation source country for Nigeria in the first quarter of 2018.

According to the NBS, the increase in capital inflow in Q1, 2018 was driven mainly by Portfolio Investment, which grew from $3,477.53 million in the previous quarter to $4,565.09 million, accounting for 72.42  per cent of the total capital importation during the quarter.

Capital importation is divided into three main investment types: foreign direct investment (FDI), portfolio investment and Other investments, each comprising various sub-categories. Since 2017 Q2, portfolio investment has been expanding faster than the other two categories, remaining the largest component of capital imported in Q1, 2018 at 35 percent of total capital imported.

Foreign direct investment and other investment accounted for 3.91 percent and 23.67 percent of total Capital Importation into Nigeria in the quarter under review.

Capital inflow in the form of Shares in the first quarter increased by 3.05 percent from $3.68 billion reported in Q4, 2017 to $3.79 billion in Q1, 2018. This component has recorded a steady rise since the first quarter of 2017, with Q1, 2018 being the fifth quarter of its consecutive rise. The percentage share of Shares investments to total Capital Imported however, decreased from 68.37 percent in the previous quarter to 60.17 percent in the first quarter of 2018.

In the Q1 2018, banking remained the leading sector for foreign capital Inflow which attracted the most considerable amount of capital investment. During the first quarter, $1.18 billion overseas investment flowed to the Banking sector, which accounted for 18.7 percent of the total Capital Importation.

Financing exceeded production, servicing and telecoms sectors to become the second leading sector to receive capital investment, attracting $485.41 million during the quarter. This was followed by the Servicing sector with $328.15 million, Production sector with $144.09 million and Agriculture with $130.90 million.

Ndubuisi Francis

 

 

12th ABUJA INTERNATIONAL HOUSING SHOW TO WITNESS NEW INNOVATIONS

The Coordinator 12th Abuja Housing Show, Festus Adebayo says this year’s edition will witness new innovations in the areas of different platforms that have been added to the largest housing show on the Continent.

The Coordinator of the Show stated this in an interview with Housing TV in his office.

The 12th Abuja International Housing Show is expected to hold July 16th – 19th 2018 at the International Conference Centre, Abuja.

Adebayo listed some of the unique innovations of the 12th Abuja Housing Show to include introduction of CEO’s Forum, women in housing sector initiative, international real estate investment forum and the segment for youth in real estate development.

According to him “CEO’s forum is unique in the sense that the leaders in the real estate, banking, building materials and technology will be meeting together to address the issue of affordable housing finance holistically.”

He added that “we will be launching women in housing sector initiative. The show will also feature youth in real estate development. As you know, there are a lot of youths who are doing very well in the real estate and there are some youths who have not discovered opportunities in the sector, the idea is to teach them and to catch them young, give them education on mortgage among others.”

The Coordinator said this year’s edition will feature 30 Speakers and 350 exhibitors from not less than 10 Countries.

Adebayo said “the Abuja Housing Show has increased its scope with many professional bodies who have joined as partners to promote the platform-the Abuja Housing Show which have become the most credible and highest networking point for those looking for opportunities and sales for their products and services.”

He listed the new collaborators to include the African Association of Interior Designers, Real Estate Developers Association of Nigeria,Nigerian Institution of Estate Surveyors and Valuers, Council of Registered Engineers of Nigeria, Mortgage Bankers Association of Nigeria, Federal Ministry of Power, Works and Housing, Nigeria Institute of Building, Association of Housing Corporation of Nigeria, Housing Development Advocacy Network, Shelter Afrique, Kenya and the Abuja Metropolitan Management Council.

Adebayo said the show will also feature an International Investment Forum for those who are seeking for international investors who are interested in investing in the real estate sector in Nigeria.

TO REGISTER AS EXHIBITOR CLICK HERE

TO REGISTER AS PARTICIPANT CLICK HERE 

INTERNATIONAL EXHIBITOR/VISITOR DOWNLOAD PDF FORM HERE 

The Guest Speakers for the housing finance section of the 12th Abuja Housing Show are drawn from the World Bank, African Union of Housing Finance, Central Bank of Nigeria, Shelter Afrique Kenya, Federal Mortgage Bank of Nigeria, Nigeria Mortgage Refinance Company, UN Habitat, OPIC Investment USA among others.

Adeleke Samuel, Housing News

ALL SET FOR 2018 ABUJA INTERNATIONAL HOUSING SHOW

All is now set for the 12th Abuja International Housing Show expected to hold July 16th – 19th 2018 at the International Conference Centre, Abuja.

The Coordinator of the Show, Festus Adebayo stated this in an interview with Housing TV in his office.

The Show will have has its theme- Driving Growth and Sustainability in Nigeria Housing and Mortgage Markets-improving structures and policies for impact.

Adebayo “all is set to host the world. The Abuja Housing Show is ready, Abuja is ready, Nigeria is ready, and professionals are ready.”

He added that” the exhibitors are ready to give discount on every purchase made at the show.”

The Coordinator said the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will declare the show open and will be supported by the Minister of Power, Works and Housing, Babatunde Raji Fashola, Minister of FCT, Mohammed Musa Bello, Minister of Finance, Kemi Adeosun, Minister of State for Environment, Ibrahim Usman Jibril, Minister of State for Solid Minerals, former President of Nigerian Society of Engineers, Engr. Dr.  Emeka Eze (OFR) as well as many State Governors.

In a recent interview, the Chairman of the All Progressives Congress (APC), Chief John Oyegun described the Abuja Housing Show as the largest housing, construction stakeholders’ event in sub-Sahara Africa.

The Housing Show that has now taken international dimension is being organized by Housing Development Programme on AIT with the collaboration of Mortgage Banking Association of Nigeria, African Union of Housing Finance, Nigeria Housing Finance Programme, Real Estate Developers Association of Nigeria, National Assembly Committee on Housing and Africa Association of Design Architects.

The Show will witness over 350 exhibitors with over 15,000 participants.

You can register for the largest housing show on the continent at www.aihs2018.com

Adeleke Samuel, Housing News

 

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