Category: Building & Properties

  • CBN to de-risk housing finance under ‘My Own Home’

    A scheme aimed at inspiring  the younger generation of Nigerians to key into mortgage process, immediately after  they begin work or business, has been initiated. The scheme will also give fresh hope to more Nigerians to own homes with ease.

    This is coming with the commencement of the Federal Government’s housing initiative tagged: ‘My Own Home.’

    The scheme is an offshoot of the Nigeria Housing Finance Programme (NHFP) being implemented by the Central Bank of Nigeria (CBN), with the support of World Bank’s $300 million loan, on behalf of the Federal Government.

    It is hinged on the government’s plans to introduce a public-private partnership (PPP) initiative aimed at increasing access to housing finance through mortgage guarantee insurance and microfinance scheme.

    Explaining the modus operandi of the scheme, CBN’s Head, Project Administration Team of the NHFP, Mr. Adedeji Adesemoye, said the objective of the scheme is to catalyse the growth of the housing sector through de-risking the housing finance value chain and improving access to finance.

    “We need to educate our people that owning a home with a mixture of equity and debt is not a negative thing; having a home that you will live in the next 50 years does not require you to spend all your life savings,” explained Adesemoye.

    To this end, eight micro finance banks (MFB) have been selected to mobilise housing finance for low-income earners in the formal and informal sectors of the economy. The eight MFB are expected to facilitate access to flexible housing finance for low-income earners for incremental construction or home improvement. This, Adesemoye further explained, could either be financing to buy a piece of land for building or laying foundation on an existing land and commencement of building stage by stage.

    “After every stage of building, and with a good history of repayment, the microfinance bank keeps financing the customer until the building is completed. This housing microfinance is not for the purchase of homes. This scheme is similar to our traditional sense of incremental construction. This initiative will make it possible for a homeowner to stretch his building plan in such a way that he takes different tranches of loan as he builds,” Adesemoye explained.

    To execute this task, the selected MFB will benefit from a $15 million technical assistance from the World Bank’s $300 million housing loan. LAPO Microfinance Bank is already being used as a pilot for the scheme based on its antecedent in the mortgage sector.

    Adesemoye, who spoke with The Nation Property in Lagos, disclosed that the CBN is already in partnership with the Frankfurt School of Management and AFC Consultants International, Germany for technical assistance.

    Through NHFP, government is creating the enabling environment for strengthening the nation’s housing sector by setting up sustainable framework by mortgage originators to access long-term refinancing. The new scheme is expected to scale up mortgage and housing finance awareness.

  • Lafarge trains host communities on cement; offer employment

    Lafarge trains host communities on cement; offer employment

    In its continued bid to further impact on its host communities, building solutions provider, Lafarge Africa Plc, has concluded arrangement to further empower indigenes of its operating areas.

    To this end, 15 youths from Ogun, Gombe and Cross River states have been enrolled in the maiden Cement Professional Technician Programme (CPTP). The programme involves the training of youths in the cement manufacturing process.

    The three-year all-expense-paid residential programme includes training in mechanical, electrical, instrumentation and automation technology, cement manufacturing process and entrepreneurship. The selected youths will receive practical and theoretical training at Lafarge Africa’s state-of-art centres and plants in Ashaka, Ewekoro, Mfamosing (Calabar) and Sagamu. Participants who successfully complete the training will be offered automatic employment within Lafarge Africa.

    The Communications, Public Affairs and Sustainable Development Director of Lafarge Africa, Mrs. Folashade Ambrose-Medebem, at the launch of the programme at Ewekoro, Ogun State, said the initiative will increase the local content of Lafarge’s operations in the country and also bridge the skills gap in the cement industry.

    She explained that the programme is in partnership with the National Board for Technical Education (NBTE), Industrial Training Fund (ITF) and the National Consultative Assembly (NECA); the certificate awarded after the programme is accredited by National Board for Technical Education (NBTE), and is valid for admission into any Nigerian university.

    Ambrose-Medebem, who represented the Lafarge Africa’s Country Chief Executive Officer, (CCEO), Mr. Michel Puchercos, noted that the Cement Professionals Training programme is a Corporate Social Responsibility (CSR) initiative hinged on the firm’s five pillars of health, safety, education, infrastructure as well as clean environment.

    Shedding more light on the programme, the Health & Safety Director, Lafarge Africa, Mr. Graeme Bride, noted that the selected youths will be trained to imbibe the culture of “Safety First” as it operates in any Lafarge facility.

  • Jubilee housing scheme: PPP to the rescue

    •Brains & Hammers bankrolls project

    Determined to continue with its housing initiative, but faced with scarce financial resources, the Lagos State Government has embraced the public-private partnership (PPP) alternative to bring the scheme to fruition.

    To this end, the state government, earlier in the week, finalised agreement with a development firm, Messers Brains & Hammers Limited, for the development of the 618 housing units at the Jubilee Estate in Iganmu. The project is designed to drive urban redevelopment in the area which will engender increased property values in the surrounding environment, thereby re-positioning the current site to one  highly sought after.

    Going by the cosmopolitan nature of Iganmu, the Jubille Housing Estate is estimated to create 3,590 direct jobs and about 7,000 indirect jobs in the area. Iganmu is dominated predominantly by the informal sector operators such as artisans, labourers, traders and food vendors.

    The estate, upon completion, will house 96 units of two-bedroom flats; 414 units of three-bedroom flats and 108 units of four-bedroom terrace houses. In addition to adequate parking facilities and excellent infrastructure, the development will include a well-equipped club house with a swimming pool, recreational areas and landscaping.

    Following the signing of the Memorandum of Understanding (MoU), the development of the estate will begin next month, with a projected duration of 60 months from the receipt of all required approvals and permits.

    The Commissioner for Housing, Mr. Gbolahan Lawal, at the signing of the  MoU with Messrs Brains and Hammers Limited in his Alausa office, Ikeja, explained that the initiative, which was mooted by the administration of Governor Akinwunmi Ambode as part of activities to celebrate the 50th anniversary of the creation of the state, will stand as a symbol of the celebration for many decades to come.

    Lawal disclosed that the housing deficit in the state stands at over three million. Therefore, he further explained, in order to bridge this gap, about 200,000 housing units must be delivered annually in the next five years. This requirement, he emphasised, cannot be delivered alone by the government; hence the need to inject private capital into housing delivery. To achieve this purpose, the state government has made land available to prospective private developers who have exhibited technical and financial capabilities for the delivery of affordable housing units.

    “The Jubilee Estate project is a PPP between the Lagos State Government, represented by the Ministry of Housing and IBILE Holdings Limited on one hand and Brains & Hammers, one of the foremost housing developers in the country on the other hand. The state stands to derive significant internally generated revenue through the taxes that will accrue from the sale of housing units and will also benefit from Land Use Charge and other statutory payments for property,” Lawal explained.

    The Chief Operating Officer of Brains & Hammers, Mr. Ibrahim Wushishi, explained that while the firm will be leveraging on the latest construction technology to deliver the project, he nonetheless expects challenges. “The potential challenges with the site are two-fold. Firstly, the terrain is challenging for construction but over the years Brains and Hammers has developed the skill and competence required to provide quality construction regardless of terrain. We are leveraging on the best available technology in the form of vibro-flotation which will be used to stabilise the soil and prepare it to take large structures safely and securely. The second challenge we envision is being able to keep up with demand for the housing units. Due to the strategic location, we have been inundated with demand. As we are only able to build a total of 618 housing units currently, we are saddled with the limited supply and very heavy demand,” he explained, adding that the firm will be working with Lafarge Africa, who are recognised as the largest producers of building materials globally, including working with some of the proprietary technology in the form of specialised and customised concrete

    He revealed that the estate will be serviced by a stand-alone sewage treatment system that will have the required capacity and functionality to meet the needs of the estate in an environmentally-friendly manner, without recourse to other facilities in the area. Similarly, there is a plan to provide an integrated power system for the estate. This encompasses dedicated electricity supply from the local power provider and on-site power generation which will be augmented by a solar-powered solution. Wushishi said this will ensure value for money for residents and ensure carbon emissions are kept to a minimum in line with the new order of climate change.

    While Lawal signed for the state government, Messrs Adebola Sheidu, chairman of Brains and Hammers and Abubakar Sheidu, company secretary, witnessed for the company.

  • NGO wants speedy approval of WASH

    The Save the Children International, a non governmental organisation, has called on the government to ensure a speedy approval of the Lagos State Water Sanitation and Hygiene (WASH) policy. This is because of its direct implications in achieving the SDG-6 targets- which is to ensure availability and sustainable management of water and sanitation for all, and the overall improvement in the health of the public, especially women and children.

    The Area Operations Manager, (Lagos & Cross River) of Save the Children International, Mr. Roy Chikwem, made this know at this year’s WED celebrations in Lagos, on Monday.

    Chikwem, whose organisation partnered the Lagos state government for the celebration, said it has become imperative to create awareness and action for the protection of the environment as there will not be a society if the environment is  destroyed.

    He explained that given that his organisation’s mandate is to ensure child protection, survival, development and participation, the NGO finds it saddening to see the damaging impact of a poor environment on the spread of childhood illness such as Malaria, Diarrhoea, Cholera, Typhoid and Pneumonia which account for large percentages of under- five deaths in Nigeria and other low-income countries.

    Chikwem noted that while the interplay of the environment in the management and control of Childhood Diarrhoea Disease (CDD) cannot be overstressed, yet, the organisation is convinced that by ensuring improved quantity and quality of water in households and promoting community wide total sanitation, CDD will be drastically reduced.

    “It is our hope that this year’s WED will reawaken our consciousness to the impact of individual, community, and government action on the environment.  For if we all take responsibility for our environment and keep it clean and safe then we will have cleaner environment, safer water, lesser disease burdens, more money for families, improved living conditions and a prosperous future for our Children,” Chikwem said.

    Through the Stop Diarrhoea Initiative (SDI) project, the organisation has continued to collaborate with the government and other key actors, to push for the development, adequate-resourcing and operationalisation of clearly articulated strategic frameworks and implementation plans that address key elements of UNICEF- WHO 7-Point Plan for the control and prevention of Diarrhoea, particularly those directly addressing the environment, at both National and State levels.

    Save the Children is an international NGO working to inspire breakthroughs in the way the world treats children globally in over 120 Countries for over 80 years. It has been working in Nigeria since 2001 with offices and programmes in Lagos, Katsina, Sokoto, Jigawa, Gombe, Bauchi, Kaduna, Kebbi, Borno, Kano, Plateau, Akwa-Ibom, and Cross River with a focus on Health and Child Survival (including Nutrition and HIV/AIDS), Education, Hunger and Livelihoods, Child Protection and Child Rights Governance.

    In 2013, the NGO berthed in Lagos state, and has been implementing projects that seek to improve Education, Maternal, Newborn and Child Health (MNCH) Care and School Health and Nutrition.

  • Lagos set to deliver ‘Right of Way’ for Alapere Road

    Lagos set to deliver ‘Right of Way’ for Alapere Road

    Determined to ease the traffic on Ibrahim Babangida Boulevard, at the Ketu/Mile 12 end of Ikorodu Road, the Lagos State Government has begun the Recovery of Conservative of Right of Way of Alapere-Agboyi-Ketu.

    The gridlock on this road usually originates at Alapere Junction and its contiguous roads.

    The project, which is a four-lane road of 18.6m width, inclusive of a carriageway, will see the development of Oluwakemi/Ajiboye Street with additional ingress into adjoining streets from Alapere to Agboyi. It is being developed to carry traffic from Alapere through Agboyi towards Ikorodu. The project is a follow up to the first phase of the Alapere layby road, which was constructed to ease traffic off the major road into Alapere.

    The Commissioner for Physical Planning and Urban Development, Mr. Wasiu Anifowoshe, in a statement by the ministry’s Chief Public Relations Officer, Mrs. Nwonah Olubukonla, said the Right of Way project began with the marking of affected illegal buildings. The statement indicated that the owners of affected structures had been engaged and notified as well as given enough opportunity to remove their wares and salvage their property before the full commencement of the removal operation.

    A statement attributed to Anifowoshe, read in part: “We run an all inclusive government and do not embark on any removal of structure without first obtaining the buy-in of the affected people and communities through the engagement of stakeholders in interactive meetings. Some weeks ago, the state government embarked on a stakeholders’ meeting with the Alapere -Agboyi-Ketu community and interestingly they embraced the idea, which led to this development.We know what it takes to put up a structure so we have planned this project and pledged minimal removal. It is all in the overriding public interest and the economic growth and development of the community and Lagos State as a whole.”

  • For the love of the environment, mankind

    For the love of the environment, mankind

    This year’s World Environment Day (WED) presented another opportunity for stakeholders and environmentalists to set new agenda for a sustainable and liveable world. At the WED celebration in Lagos, the government, civil societies and students, among others, spoke with one voice in support of the environment, MUYIWA LUCAS reports.

    Any harm done to the environment is harm done to humanity.”

    This is a saying credited to Pope Francis in the global environmental circle. It has since become a  cliche for awakening the consciousness of man on the urgent need to protect the environment believed to be more endangered with the increasing threat of climate change.

    It was, therefore, not surprising when top government functionaries, including environmentalists, non-governmental organisations, students and other stakeholders converged on the Kanu Ndubuisi Park, Alausa, Ikeja, Lagos, on Monday, to celebrate this year’s World Environment Day (WED).

    The theme was: “Connecting people to Nature.”

    The President, Waste Management Society of Nigeria (WAMASON), Professor Oladele Osibanjo, in a lecture delivered at the event, noted that since its debut in 1973, WED has become the United Nations’ standard vehicle for motivating worldwide appreciation and plan for the protection of man’s common heritage – the environment.

    “What we are celebrating today started worldwide in 1973, arising from the decision of the United Nations Conference on Human Environment, held in Stockholm, Sweden in 1972. It has been a flagship campaign for raising awareness on emerging environmental issues such as marine pollution and global warming, tsunami of electronic waste dumping in developing countries, healthy consumption, wildlife crime and other environmental crimes,” he explained, adding that it had grown to become a global platform for public outreach.

    In a similar vein, Lagos State Commissioner for the Environment Dr. Babatunde Adejare said this year’s theme impelled Nigerians and other lovers of the environment to get outdoors and into nature; appreciate its beauty and importance, and, consequently, take forward the call to protect the Earth.

    “This theme invites us as stakeholders in the environment to think about how we are part of nature and how intimately we depend on it. It challenges us to find fun and exciting ways of experiencing, cherishing and sustaining this vital relationship with nature,” he observed, adding that most importantly, stakeholders must be sincere enough to increase awareness among the public on the importance of the country’s natural endowments.

    Adejare further noted that scientific advances and growing environmental challenges, such as global warming and wetlands encroachment, are helping to understand the countless ways in which natural systems support human prosperity and well-being.

    Therefore, he contended, there is the need to improve on the environment and for mankind to start taking responsibility for his behaviour and its impact on the environment. This, he said, is why the current administration in the state stimulates the appreciation of nature through the establishment and maintenance of gardens and parks as well as beautification of loops, open spaces and roundabouts across the state.

    He further said the commitment of the state to sustainable management of its environment was being demonstrated through various laudable plans and programmes such as the “Cleaner Lagos Initiative”, which encapsulates the ongoing broad reforms in the solid waste management sector; the annual Tree Planting Day through which over seven million trees of various species have been planted  to enrich the state’s biodiversity; the identification/tagging and enumeration of trees in the Lagos metropolis; the identification and protection of wetlands and the 10-year framework of programmes for sustainable consumption and production patterns, among others.

    The Permanent Secretary, Ministry of the Environment, Mr. Adeyemi Saliu, buttressed Adejare’s submissions. He explained that the Cleaner Lagos Initiative was embedded in many components. He listed some of them to include, but not limited to, residential waste collection and processing; commercial and industrial waste collection; primary, secondary and tertiary all-year-round drainage maintenance; manual and mechanised street sweeping; provision of engineered sanitary landfills; transfer loading stations and material recovery facilities among others. These efforts, he explained, have come to redefine environmental management in Lagos State.

    Saliu noted benefits inherent to include attainment of clean and hygienic state; sanitary disposal of hazardous waste; deployment of modernised equipment such as 600 brand new compactors and over 900,000 bins that will be electronically tracked; and the creation of over 30,000 direct and indirect jobs, plus the employment of 27,500 community sanitation workers to sweep inner streets in all the 377 wards of the state, in addition to the mechanised sweeping of  highways.

    An environmentalist and member of the Nigerian Conservation Foundation, Mr. Desmond Majekodunmi, said WED was “a celebration of mother nature”. He expressed happiness that children were being introduced to the need for sustainable environment.

    “If we do not take care of our environment, it will come back to haunt us,” Majekodunmi said.

     

    Reasons for WED

    Osibanjo, a professor of Analytical & Environmental Chemistry, in his lecture, disclosed that WED’s annual celebration aimed at successfully attaining carbon neutrality in the atmosphere by focusing on forest management; reduce greenhouse effects; promote bio-fuels production by planting on degraded lands; use of hydro-power to enhance electricity production; encourage the public to use solar water heaters; produce energy through solar sources; developing new drainage systems; promoting coral reefs and mangroves restoration to prevent flooding and erosion, including other ways of environmental preservation.

     

    Ecosystem

    The Ecosystem, according to the professor,  is the sum total of interacting living organisms and the non-living environment in an area e.g. forests, grasslands, rivers, coastal and deep seas water, islands, mountains, even cities. It provides mankind with vast goods and services, otherwise known as “ecological services” (e.g. Forest Ecosystem) which are rarely appreciated by mankind because no monetary values have been placed on them.

    He said values have now been assigned to the ecosystem. This explained why economists have now estimated annual values of some of these services to humans to help policy makers take them into action. It is only in recent years that economists have developed mechanisms for placing financial values on nature and natural /ecosystem services.

    Osibanjo regreted that there was no Nigerian data to deploy in the computation of the quantum of contribution from nature’s resources toward prevailing recession in the country. He blamed this on man’s connection to nature, which is being exploited  without caring to tend or nurture it in a sustainable way to enable it provide goods and services in the future.

     

    Challenges

    Osibanjo said factors affecting climate variability are a major concern for environmentalists and stakeholders as they constitute huge challenges for sustainable environment in the country. These factors include desertification, which he said is now migrating southward at about 0.5 kilometer per annum; multi-media pollution; flood disasters; erosion; poverty; climate change and global warming; environment induced social conflicts, like what is being experienced  in the Niger Delta area of the country as a result of oil spillage; devastation of the ecosystems and recently herdsmen migration from the northern parts of the country whose grazing activities are destroying farmlands in the middle belt and southern states of the country.

    Besides, are the associated risk of poor municipal solid waste management,including indiscriminate landfilling and open burning. He added that the uncontrolled emission of greenhouse gases (methane and carbon dioxide), into the atmosphere causes global warming, as well as dioxin and furan emissions.

    Stakeholder at the event expressed concern that when industries declare billions of naira profits annually, they should be taken up on the toll the effect of their operations has taken on their host communities and environs. “How many workers or communities nearby fell sick arising from unclean air or water pollution from such industry’s activities? How realistic and effective  is their Corporate Social Responsibility (CSR) Programme? How many nature reserve parks  or nature conservation projects are the company sponsoring or supporting etc?” Osibanjo submitted.

    The Head, Sustainability and Corporate Brand, Lafarge Africa Plc, Mrs. Temitope Oguntokun, aptly captured the entire essence of the gathering with her parting shot. Drawing from the words of an environmental activist, Wendell Barry, she said: “the earth is all that we all have in common, so let us continue to protect it.”

    And as this year’s WED challenged mankind, stakeholders are unanimous that there is a need to continue to find fun and exciting ways to cherish the vital relationship of man with nature.

  • Fashola chides estate valuers, seeks valuation synced with economic realities

    Fashola chides estate valuers, seeks valuation synced with economic realities

    Is the current valuation of land and properties across the country reflective of economic realities?

    This was the poser for estate surveyors and valuers at the inauguration of the reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON)  in Abuja, last Monday, by the Minister of Power, Works and Housing, Mr. Babatunde Fashola.

    “For me, I think the most important lessons that I like to share at this inauguration is to pose the question to you whether the current land evaluation system and values are consistent with the realities of our economy. Are these values consistent with reality? Why are we not seeing rates and rents and values drop? Why are we having many houses unoccupied where people are looking for accommodation? You, as experts, must answer that question,”  Fashola again asked the professionals at the gathering.

    According to the former Lagos State governor, in a very challenging economy where cash is clearly tight, can it be said that the market value of properties are really responding appropriately?

    The minister noted that since the global economy recessed or slowed, property owners in some other climes are offering  discounts  on their properties to ensure optimum occupancy. He, therefore, wondered why the reverse was the case in Nigeria, whose economy is being greatly challenged by tight capital.

    “It has always been the argument of property owners in the country that the properties were valued higher so they could have an “impact on percentages and commissions”. But I urged you as professionals and practitioners in the domestic property market to take a cue from your counterparts and other property sellers in the United Kingdom, who, because of BREXIT, began to offer discounts on properties to the citizens,” he advised, urging the practitioners to learn from the stock market and how markets react to policies.

    The minister explained that many years ago the domestic Stock Market was immune to policies, but today Nigeria’s Stock Exchange ranks with some of the best in the world because it reflects the realities of the country’s economy in many respects.

    He said one of the areas where Nigeria’s Ease of Doing Business ranking could improve was in the area of real estate valuation, “especially how to develop a harmonised code of charges”.

    “We had this problem back at state level where we found out that we were  charging about 10 per cent gross on fees and taxes while other countries close to us were charging one and two per cent. But the truth was that the values were not real,”he said.

    He, therefore, urged the the new board of ESVARBON to ensure that the disparity between the country’s land evaluation system and the current economic realities are reconciled. Besides, the estate valuers were also advised to develop an open evaluation for different parts of the country as well as evolve means of making estate valuation simple enough and responsive to the man on the street.

    He said other countries have evolved property calculators with which it only takes indexing a property owner’s location and that of his property to have a fair value of what his asset is worth.

    “So I will like to see, therefore, that as you take up the mantle of leadership today after inauguration, these are issues that I think you should put into the front burner agenda in terms of how you regulate the practice and also  the quality of people that you admit to the practice,” Fashola urged regretting that customer is clearly not the king, even with his money, in the domestic real estate transactions.

    He nonetheless extolled the virtues of the profession, saying that they are of significant importance to the economic growth of a nation. This, he said, is because they undertake the business of how land is turned from being a dormant asset into a valuable asset; thereby putting value on land.

    “This is why the Ministry of Power, Works, and Housing employs a number of Estate Valuers, considering that whether we are building new roads and there is a need to acquire Right-of-Way, or sometimes have to pay compensations, estate valuers are needed to value the land and properties involved.

    “For instance, some estate valuers have been incorporated into the Power sector for the development of the Mambila Hydro Power Dam. This is in the area of assessing the land that is needed and ultimately quantifying same for compensation to be paid. Others have also been employed for new Transmission Company of Nigeria (TCN) where the Ministry has to acquire Right-of-Way for its transmission lines.

    “All of those ,who are involved in one form of enterprise or the other must first of all appreciate the value of land as a major capital formation asset; whether it is for small businesses, large corporations, markets or motor parks. I can’t really think of a business that one wants to undertake where land is not a critical part whether it is just to own a small office or a small kiosk where you can sell very basic things, even to roast corn,” Fashola explained.

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  • NIESV seeks Office of Valuer-General

    Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch Chiarman, Mr. Samuel Ukpong, has called for the establishment of the Office of Valuer-General in the 36 states.

    Ukpong made the call during a press conference at NIESV’s secretariat in Lagos to announce the upcoming Institution’s week.

    He said that the appointment/establishment of the Office of Valuer-General in all the States was important for the proper assessment, valuation and documentation of all the landed property in the country.

    According to him, estate valuers/surveyors are land economists, who are professionally trained for proper analyses on lands, budgets and other related matters.

    He stated that a lot of land in the country were dead property, while there were professional estate valuers and surveyors who could add value to such lands.

    “With the establishment of the Office of the Valuer-General, the issue of false declaration of assets, embezzlement of funds and stealing will properly be addressed.

    “All the landed property in the country has an economic value, which can be developed through the help of the Valuer-General,’’ he said.

    The NIESV boss added that it was the duty of the Valuer-General to do proper assessment of lands to ensure that citizens give true declaration of their assets.

    Ukpong stressed that estate valuers/ surveyors were professionally learned to interpret figures and issues relating to budgets in particular and the economy in general.

    The NIESV official noted that the dwindling economy of the country was as a result of the fact that relevant professionals were not always consulted in decision-making.

    “We are concerned about the economic situation of the country and how to improve it.

    “It is time the government appoints Estate Valuers and Surveyors as ministers and commissioners, for effective promotion of growth and development in the country,’’ he added.

  • Osinbajo, others for mining summit

    The International Conference Centre, Abuja will on May 13 open its doors to the National Mining Summit (ConMin) West Africa.

    In a statement, Emma Hooper, the Business Manager Afrocet Montgomery , the organisers, said Acting President Yemi Osinbajo is expected to inaugurate the three-day event, designed to boost networking and opportunities for stakeholders in the subsector.

    The main objective of the summit, he added, is to ‘’advance mining not just in Nigeria but across the West Africa region’’and that it would a forum for organisations to exhibit their products and services.  Also expected are ministers from Ghana, South Africa, Kenya and Niger.

    He said the summit was being sponsored by Dangote Cement, Total Nigeria, Africa Finance Corporation, Stanbic Bank, among others. The organisers are partnering Deloitte Consulting and have the nod of the Ministry of Solid Minerals Development to hold the event aimed at boosting the subsector’s development in the sub-region. On the merit of the summit, Hooper said: “The exhibition will provide a networking opportunity for participants with various networking sessions and opportunities for stakeholders to engage with relevant counterparts.’’

    He said on June 14, there would be a conference entitled: Sustainability of the construction industry in Nigeria to be hosted by the Federation of Construction Industry (FOCI). Those billed to speak are Chief Executive Officer (CEO), Ghana Minerals Commission,Dr Toni Aubynn; Director Country Office, African Development Bank (AfDB), Mr Ebrima Faal, and Director, United Nations Industrial Development Bank Organisation (UNIDO), Mr Jean Bakole.