Category: Property

Provision of housing is a major issue for most governments, especially in large cities. The challenges include poor regulation, sub-standard building, quality delivery to titling. OKWY IROEGBU­CHIKEZIE reports that the real estate sector is plagued by unhealthy competition among the various professionals claiming superiority. Lagos State Governor Babajide Sanwo-Olu, taking the bull by the horn, has promised to further deepen collaboration on the real estate sector in the state to bring sanity.

The Lagos Real Estate Market Place Conference and Exhibition provided Governor Babajide Sanwo­Olu a paltform to make a promise to  stakeholders and operators in the real sector: the government will bridge the housing gap in the state and address  some of the challenges faced by them.

The conference had as its theme:  Lagos: 21st Century Real Estate Investment Hub.

Upon demand, the governor also promised the Real Estate Developers Association of Nigeria (REDAN) 50 hectares of land to build mass houses.

The governor said the conference was initiated to provide a platform for players sector to discuss issues of common interest and proffer solutions to the challenges slowing down the pace of progress in the sector.

He said: “The outcome of  the maiden edition of this conference held last year attests to the desirability of this initiative as it brought to the centre stage the need for a deeper collaboration and partnership between the government and private sector stakeholders to sanitise the sector by adopting a regulatory framework that conforms with global standard and best practice.’’

He said the conference was in line with the administration’s THEMES development agenda of making Lagos a 21st Century economy, noting that his administration is committed to harnessing the huge opportunities in the state’s real estate sector.

“Achieving a 21st century real estate sector in a private sector-led economy would require creating a conducive environment through a reliable and an effective regulatory system that ensures all players conform with established standards and code of conduct,’’ he said.

Sanwo-Olu said the conference gave credence to the administration’s commitment to sanitise the built sector and reinstate investors/investees confidence in Lagos real estate, adding that it also underscores its belief in public-private sector collaboration as an effective strategy to build a real sector economy that gives no room for fraudulent and unprofessional practices.

“For Lagos State to maintain its reputation of real estate investment hub of Nigeria, this sector needs to regain and sustain investors. We will achieve this objective by strengthening the capacity of LASRERA to enforce existing regulations and respond swiftly and decisively to reported cases and incidences of fraudulent practices by illegal practitioners in the property market in the state.

“The ultimate goal of my administration is to make the real estate sector attractive to investors and provide decent and affordable shelter on a sustainable basis for all Lagosians. The reason for this annual conference and exhibition is to facilitate the process of attaining this objective by identifying and removing all the obstacles through pragmatic actions and innovative ideas.

“This edition of the conference provides yet another opportunity for us to continue the conversation and come up with new ideas and innovation which can be implemented to make the Lagos real estate sector more attractive for investment,” he said.

The Special Adviser to Lagos State Governor on Housing, Mrs. Toke Benson-Awoyinka, said the conference was to unearth the various opportunities that abound in the state real estate market.

According to her, real estate remains a very strong and powerful investment all over the world.

“Apart from the role it plays in employment generation and creation of sustainable jobs, the real estate market has the highest potential of growing the economy of any state/nation.

“As viable as this sector is economically, having the right information and understanding the operational environment by investors or investees is very key and this can be achieved through coaching and professional conferences like this.

She stressed the need for practitioners to know the government’s policies put in place and how the knowledge of these policies can assist in making informed decisions for investments.

She urged investors/investees to make LASRERA their first point of contact before investing in any property in different parts of Lagos State.

“This process of verification has been simplified through the agency’s online platform.

She said the state will remain a central location and good potential for residential and commercial investments with great network for real estate investors/investees which create wealth and also attract benefits to both parties.

“As government, we will continue to create enabling environments for the sector to thrive while also expanding other initiatives aimed at ensuring that new homes are built /constructed, delivered and people have quality, sustainable places to live.

She urged practitioners and professionals to join hands with the state government in its drive to provide world-class real estate investment solutions, construction management services and sustainable housing delivery with international standard that will sustain Lagos as the real estate Investment hub of the 21st Century in Nigeria as it has always been.

Lagos State Attorney-General and Commissioner for Justice, Mr Moyosore Onigbanjo, said the objective of the conference was to create an industry that sets the pace and corrects the things that have gone wrong.

“We all know that whatever happens in Lagos State affects the rest of the nation. We are, therefore, laying the block of first class real estate in Nigeria with international best practices, strong regulatory enforcement and vibrant consumer sector to ensure win win for everyone.

“Real estate is an industry that affects all of us and it is, therefore, necessary to address the issues which agitates each and everyone of us from regulatory to end user perspective and hence the need for this event,” he said.

Onigbanjo addressed the issue of land grabbers, saying the government knows it is a burning issue for many people who acquire property.

He advised any one faced with such challenge to report to the relevant authority, noting that measures had been put in place to protect citizen’s right.

Chairman REDAN, Mr Bamidele Onalaja, appreciated Sanwo­Olu for his administration’s efforts in housing but emphasised that the government could not do it alone.

He was the one who requested from the governor 50 hectares of land for REDAN. “Government needs a Joint Venture project so that the private sector will building possesses in the real estate sector. If government brings the land, we the private sector will bring in money to develop and create affordable housing and the credit will go to the government,’’ he added.

Also Head, Group Real Estate Group Services, Stanbic IBTC, June Majoroh, the sector is not only filed with opportunities but also provides accommodation and financial security, noting that the bank is ready to partner investors on mortgage facilities.

Managing Director/CEO, Davisther Brokers Limited, Raphael Abiiba, stressed the need for investors to know their investments were safe and guaranteed.

He said there is insurance for the value chain in the sector, which investors should maximise. He said the company is ready to partner  the government in this area.

“The opportunity of insurance support in real estate should be maximised because it is protective in terms of risk transfer and can be a form of economic growth.

Member, Technical Committee (Mortgage Sector) of the Financial Systems Strategy 2020 (FSS 202), Dr Ronald Igbinoba, stressed the need for regulations to protect buyers and sellers in the real estate sector.

“Regulations help financing to work, it should protect buyers and sellers alike, and there should be a policy document that guide against informal buying, so as to address the issue of financing which is a primary problem in housing.”

Managing Partner, Olawoyin and Olawoyin,Dr Adewale Olawoyin , while noting that housing system is a good business which everyone is trying to get involved in to solve the challenge of accommodation, lamented on the challenge of regulation and finance facing the sector.

According to him, challenges facing the sector can be resolved through legislation.

Lagos State Government has delivered nine roads and a bridge in Soluyi Community, Kosofe Local Government Area. This is in line with its belief that adequate infrastructure is the key to economic development, social stability and communal harmony. ln addition to new projects, the state has completed many in various sectors, Okwy lroegbu- Chikezie reports

Soluyi Community is a settlement with a fast growing population in need of infrastructure. This prompted Governor Babajide Sanwo-Olu to complete the network of 2.840km roads, including a bridge, which will serve a population of more than 300,000, within the Soluyi-Araromi-Ifako-Gbagada communities.

Sanwo-Olu at the unveiling of the projects said the roads would also serve as an alternative route, a by-pass, for motorists from Soluyi Community to the Third Mainland Bridge and Apapa-Oworonsoki Expressway via the third axial underpass.

Also, the road will address the perennial environmental and infrastructural challenges facing the community, including flooding. Sanwo-Olu stressed that the roads would increase property values, improve the quality of life and the productivity of residents. It will also reduce maintenance cost of vehicles, and the cost of doing business and earning a livelihood in the area.

He said: “These projects exist as a testament to our administration’s resolve to continue to provide the necessary infrastructure for sustainable development, in every part of the state. ln addition, it will improve connectivity, standard of living, environmental mitigation, and so on. It will directly impact the community in terms of job creation. I am pleased to note that in delivering these projects, jobs were created for about 380 persons: including engineers, supervisors, and various cadres of artisans.”

He explained that the completion of the projects, once again, demonstrated the priority the administration accords the welfare and well-being of residents in line with “our Greater Lagos Vision, and the Traffic Management and Transportation Pillar of our THEMES Governing Agenda.”

Sanwo-Olu regretted that  the ever-increasing number of people living in Lagos, and the attendant rise in vehicular volumes and axle loads were partly responsible for  road infrastructure degradation. He pledged his administration’s commitment to continuously respond to the challenge by stepping up the construction and rehabilitation of roads and highways; and expansion of transportation network, with renewed focus on multimodal transport, he added.

Furthermore, he said the government was working to take some pressure off the roads through the  waterways and rail technology.

“This is why we are pushing ahead with determination on the Lagos Light Rail project, as well as the construction of jetties and deployment of boats and ferries across the state.

“You will all also recall that earlier this year, we launched our First Mile Last Mile (FMLM) intervention, to bring improved levels of organisation and coordination to our road transport system.

“We will also continue to identify, for reconstruction works, major arterial roads that have good connectivity to adjoining roads, and could therefore serve as alternative routes to other arterial roads, especially during heavy peak traffic periods.

“I want to implore the Community Development Association of this area to immediately assume ownership of and responsibility for the judicious use of these projects.

“You must care for them with devotion and dedication, and keep them clean, and the drainage free of waste, at all times”.

Earlier, in her welcome address, Special Adviser on Works & Infrastructure to the Governor  Aramide Adeyoye said the delivery of the nine projects demonstrated the unwavering commitment to energising the local economy and ensuring that no part of the state was left behind. She said the roads would reduce the burden on arterial roads that link to an integrated intermodal transport and open the economy.

She said: “For us, the driving force behind this is to ensure connectivity and reduce the burden and pressure on major arterial roads that link to an integrated intermodal transport system which in turn opens up the local economy. It should be noted that prior to the project inception, the only access in and out of Soluyi Community, Gbagada was via the ever-busy  Ayodele Okeowo Road abutting Deeper Christian Life Bible Church.

“The attendant traffic gridlock arising from higher vehicular volume during peak periods necessitated the provision of an alternative route to ameliorate the discomfort residents around the area experience while also addressing environmental challenges, particularly flooding due to inadequate drainage system.”

The  newly-constructed roads are  Ajayi Aina, lbrahim Onashokan, Paul Odulaja,Yetunde Brown, Adegbenro and Ganiyat Dawodu to the third axial under pass. Others are Ayodele Okeowo, Soluyi Road, Femi Kufo, Okun, Aderemi Akeju Yetunde Brown, Adegbenro and Ganiyat Dawodu.

Representative of Kosefe 1, in the State House of Assembly, Sanni Ganiyu Okalanwo, commending the governor for the roads, drew the attention of the governor to the  proposed bridge that would connect Opebi to Ojota. He said if carried out as planned, many houses would be demolished  causing untold hardship to  owners and possibly death, urging that the planned demolition be done with human face.

Reacting, Sanwo-Olu said the information was wrong as no house was marked for demolition since the  link bridge would be over swamp and wetland. He further promised to  ensure that the transformers procured  by the community would be energised.

Member, Governor’s Advisory Council, Olumuyiwa Sosanya, hailed the governor for the roads, pledging the readiness of residents of the nine communities to own the infrastructure and protect it.

has banned Okada’s on the road and in its place replaced it with shuttle buses donated by some residents.  We will discourage trading on the streets and other negative activities that will impair. This is in addition to a document that we have prepared to help the government deliver on the planned delivery of the whole   57 Local Governments’ and LCDA’s in the state as a smart city.

By Oluwamodupe Orimoloye

I recently initiated a low-income housing programme and drafted a proposal to Nigeria’s National Assembly. This became necessary because Nigeria, Africa’s most populous nation, faces a significant challenge in addressing the housing needs of its low-income families. With an estimated population exceeding 200 million people, the country grapples with rapid urbanisation, economic disparities, and inadequate infrastructure. 

In this proposal, which will greatly helped the country if acted upon on time, I laid bare the fact that providing affordable housing for low-income families is a multifaceted issue requiring a blend of innovative approaches, government policies, and community involvement.

I showed how cities such as Lagos and Abuja, the Federal Capital Territory, bear the weight of this challenge and how it’s not surprising to see low-income earners without adequate shelters scattered around these cities. 

With empirical evidence, I demonstrated how the demand for housing far outstrips supply, and the situation is exacerbated by the country’s rapid population growth and urban expansion.  

The World Bank says Nigeria has a housing deficit estimated at over 20 million units. This deficit is primarily felt by low-income families, who often live in informal settlements or slums with poor living conditions. The challenges faced by these low-income families when it comes to housing are legion. One major challenge is affordability.  Many Nigerians live on less than $2 a day, making it nearly impossible for them to afford decent housing. The cost of construction materials and land prices are high, and government housing subsidies are insufficient.

Availability is also a major headache for low-income families. There is a severe shortage of affordable housing units. Most new developments cater to the middle and upper classes, leaving low-income families in precarious housing situations. 

Infrastructure: Even when affordable housing is available, it often lacks basic infrastructure such as clean water, sanitation, and electricity. Poor infrastructure affects the quality of life and poses health risks.

Land Tenure Issues: Insecure land tenure complicates housing development. Many low-income families live on land without legal ownership or proper documentation, making them vulnerable to eviction.

Government Initiatives

The Nigerian government has recognized the housing crisis and has implemented various initiatives to address it:

National Housing Fund (NHF): The NHF, established in 1992, is a scheme designed to provide affordable housing finance. It collects contributions from employees and employers and provides low-interest loans for housing development. However, the fund’s impact has been limited by bureaucratic inefficiencies and insufficient outreach.

Federal Housing Authority (FHA): The FHA is tasked with increasing the supply of affordable housing. It undertakes large-scale housing projects and collaborates with private developers. Yet, the scale of the problem often overwhelms the FHA’s efforts.

Public-Private Partnerships (PPP): The Nigerian government has encouraged PPPs to boost housing development. These partnerships aim to leverage private sector expertise and investment to increase housing supply. Examples include the Lagos Home Ownership Mortgage Scheme and the Abuja Housing Authority’s projects.

Innovative Housing Solutions

Given the enormity of the housing challenge, innovative solutions are crucial. Several approaches have shown promise in addressing the needs of low-income families:

Affordable Housing Models:

Modular Housing: This approach uses prefabricated units that can be assembled quickly and cost-effectively. Companies like Nigeria’s Redan Housing are exploring modular construction to provide affordable housing solutions.

Low-Cost Building Materials: Utilizing alternative building materials, such as compressed earth blocks and bamboo, can reduce construction costs. Initiatives like the “Earth Block Housing Project” aim to make housing more affordable through sustainable materials.

Community-Led Housing Initiatives:

Cooperative Housing: Community cooperatives can pool resources to build and maintain affordable housing. Projects like the “Nigerian Cooperative Housing Development” demonstrate how collective efforts can overcome financial barriers.

Self-Building: Programs that support self-building allow families to incrementally construct their homes as resources become available. This approach reduces initial costs and gives families more control over their housing conditions.

Land Tenure Reform: Secure land tenure is essential for effective housing development. Programs that offer legal documentation and support informal landowners can stabilize housing situations. The Nigerian Land Use Act of 1978 aims to address land tenure issues but requires further reform to be fully effective.

Microfinance for Housing: Microfinance institutions (MFIs) provide small loans to low-income families for housing improvements. By focusing on affordability and accessibility, MFIs help families enhance their living conditions incrementally.

Government Housing Schemes:

Social Housing Programs: Initiatives like the “National Social Housing Program” aim to provide low-cost rental and ownership options to low-income families. Effective implementation and scaling of these programs are crucial for their success.

Role of Non-Governmental Organizations (NGOs) and International Aid

NGOs and international organizations play a vital role in addressing Nigeria’s housing crisis. They provide funding, technical expertise, and advocacy to support housing projects and reforms.

NGO Initiatives: Organizations like Habitat for Humanity and the Nigerian Red Cross engage in housing development and improvement projects. Their work includes building homes, providing essential services, and advocating for policy changes.

International Aid: International agencies, such as the United Nations Development Programme (UNDP) and the World Bank, offer financial support and technical assistance. Their projects often focus on improving infrastructure and supporting innovative housing solutions.

Looking Ahead: A Collaborative Approach

Addressing Nigeria’s housing crisis requires a collaborative approach involving government, private sector, civil society, and international partners. Key strategies include:

Policy Reform: Strengthening housing policies and land tenure systems is crucial. Reforms should aim to simplify land acquisition processes, improve access to housing finance, and enhance regulatory frameworks.

Public-Private Collaboration: Expanding PPPs can increase housing supply and ensure that developments meet the needs of low-income families. Effective collaboration between the public and private sectors can lead to innovative solutions and efficient use of resources.

Community Engagement: Engaging communities in housing development ensures that projects are tailored to their needs and preferences. Community-driven approaches can enhance the sustainability and impact of housing initiatives.

Sustainability: Focusing on sustainable building practices and energy-efficient technologies can reduce long-term costs and environmental impact. Sustainable housing solutions contribute to the well-being of residents and the broader community.

Conclusion

Providing housing solutions to low-income families in Nigeria is a complex and urgent challenge. The combination of rapid urbanization, economic disparities, and inadequate infrastructure underscores the need for innovative and collaborative approaches. By leveraging government initiatives, exploring new housing models, and engaging various stakeholders, Nigeria can make significant strides in addressing its housing crisis. While the path to solving the housing deficit is fraught with challenges, concerted efforts and creative solutions offer hope for a more inclusive and equitable future for Nigeria’s low-income families.

Oluwamodupe Orimoloye is of Cotrem Homes & Mortgage Brokers Ltd. 

Industry stakeholders flooded Ologolo Lekki when Novarick Homes and Property Limited, a leading real estate companies held an open house ceremony for its premiere housing Project, Ruby 1.

The two-day event showcased the quality of work done at the estate.

CEO Novarick Homes Noah Ibrahim stated that it was important for real estate developers to support the government in finding solutions to the housing challenges in the country,

He said: “I am very happy to have everybody here witnessing this successful project. Ruby 1 was inspired by Novarick’s commitment to contribute positively to Nigeria’s real estate growth and technically to help solve the housing deficit challenge.

” With a populace of more than 200 million people, a good percentage of Nigerians are still without a roof over their head and considering the current constraints in construction, the supply still doesn’t meet the demand.

“When we started the Ruby 1 housing project, we assured our clients of unique architectural designs, quality construction and finishing and we have delivered excellently. Novarick Homes is not just a real estate company but a community where landlords are made and entrepreneurs are raised.”

Throwing more light, the company’s Head of Marketing, David Dolapo, said that Ruby 1 which comprises 1 bedroom and 2- bedroom apartments have all the social amenities to make life comfortable for every resident.

“Our one-bedroom apartment conveniently speaks to young and upwardly mobile single individuals who enjoy and desire their private spaces.

“The two-bedroom serves the purpose of aspiring couples who need more spaces in their homes as their families become larger. So, whatever your status or profile, Novarick has always got an apartment for you.”

Participants who attended the open house described Ruby 1 as an outstanding development and the best value for money invested.

The highlight of the event was the presentation of a Toyota Camry car won by one of the company’s clients.

Tayo Odutolu, one of the realtors at the event commended Novarick on the project development.

He said: “We just have to give it to Novarick Homes, they always deliver to their clients and also make it easier for us to get investors. I am impressed with the Ruby 1 project, particularly about the modern architecture and finishing of the model building. I am excited to be associated with this brand.”

Another realtor, Mrs. Hope Idokoko, expressed delight with the estate’s development.

She said: “I am impressed by the level of work that has gone into this. What makes Novarick Homes stand out is integrity, they promised and they have delivered beyond expectations. I love that Novarick is establishing its presence, not just by showcasing the work done at Ruby 1, but also by revolutionizing the real estate business by making it possible for anybody irrespective of their status to be a homeowner.”

Sterling Homes has officially launched its affordable residential housing project known as D’avalon at Bogije, Ibeju Lekki, Lagos. 

 

The launch featured a grand groundbreaking ceremony with many notable personalities, including property developers, partner realtors and investors.

 

D’avalon features 3 units of 4 bedroom terrace duplexes with BQ developed inside the renowned Beechwood Estate at Bogije, Ibeju-Lekki conceptualised to provide the highest level of comfort to residents and to make the homeownership process seamless and flexible for Nigerians.

 

CEO of Sterling Homes, Dr Kunle Adeyemi, stated that the launch of D’avalon is one of the many initiatives taken by the development company to provide affordable and comfortable housing for Nigerians and to fast-track their home ownership dreams.

 

He said: “Sterling Homes remains committed to developing the highest quality housing possible. When we introduced D’avalon we set out with the goal of contributing our quota to solving the huge housing deficit problem in Nigeria.

“With an estimated 17 million housing deficit recorded in the country, we decided to build exceptional and affordable housing units to bridge this gap. We believe in interrogating the challenges at every point in the housing value-chain and providing credible answers and solutions to meet the needs of our customers

 

“What we are doing with D’avalon is taking one step further in the right direction by introducing smart mini communities across Lagos, that we can start and complete within the shortest duration.

“We define smart as luxurious and heightened comfort using technology and every space at D’avalon has been carefully designed to achieve both while retaining its affordability.

 

“Sterling Homes  remains committed to turning dreams into reality by providing affordable homes for Nigerians, with a core focus on innovative designs that resonate with comfort and ease. We see a future where luxury blends with affordability.”

 

The company’s project manager, Engr Adeniyi Adebola, further explained that the estate had been conceived and designed as an instrument to create comfort for its potential owners.

In terms of payment plan, he stated that the company has structured easy and scalable payment options for clients and investors.

 

“D’avalon provides smart, affluent living experiences with innovative housing solutions and efficient service delivery. It is strategically located at Ibeju Lekki and residents and investors would enjoy a leisure experience as well the presence of tourist centres and top schools in Nigeria like the Beechwood Estate, Mayfair Estate, Greenspring School, Corona School, Omu Resort and  Lakowe Lakes amongst others. The property title is Certificate of Occupancy.

 

“This project has been structured to help Nigerians easily purchase their homes. We have structured a flexible payment package that allows subscribers to extend their payment up to 12 months by simply making a NGN 3,500,000 down payment,” Adebola explained.

Critical real estate stakeholders have highlighted the challenges facing the sector and prospects, urging the Federal Government to put up policies that would safeguard local investors.

The stakeholders met at the 7th edition of the West Africa Property Investment Summit (WAPI) in Lagos, which was held physically and virtually at the Four Points Sheraton, VI, Lagos.

The CEO of Dutum, Tope Runsewe, called on the government to assist in funding, noting that construction companies are competing with the government of China in the real estate sector of Nigeria.

He said: “Nigerian constructors are competing with the Government of China because China constructors get cheap loans from their government then come to Nigeria to tell the Nigerian government ‘just give us the roads, you don’t need to give us money.”

Runsewe added that the Federal Government often falls for the proposal from Chinese constructors at the detriment of building local capacity.

He however hoped initiatives such as the Central Bank of Nigeria’s planned N15 trillion infrastructure will help improve local capacities.

CEO of Purple, Laide Agboola, highlighted the challenges the real estate industry is facing which are “Policy regulations and implementations, construction risks, urban planning, funding and human capacity problem.”

He also stated that the Chinese should not be solely responsible for building roads in Nigeria.

According to him: “We are currently in a difficult situation. There is so much we need to do across the value chain to contribute our input to the system.

“The solutions are clear, the Nigerian government needs to be deliberate about improving local capacities and that’s why we must continue to talk and to serve as a pressure group.”

The COO of LandWey, Seun Eyitayo said the biggest challenge in the sector is with the construction workers and workforce in Nigeria.

“The best way to solve these problems is for the government to create more policies and enforce laws.

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“Construction workers need to play their part in making sure work is carried out easily and smoothly,” she said.

“The government’s support should be to encourage economic growth. Identifying key market participants and providing government guarantees as just secured contingent liabilities to government whilst the identified key market participants go out to raise private sector-led long funding at a cheaper cost or close to government funding cost should be the benchmark for supporting growth in the real estate sector with an emphasis on development and infrastructural real estate assets as well as housing.”

During the second presentation tagged “Trends In The West African Real Estate Market” Tayo Odunsi, CEO, Northcourt, stated that Senegal came first on the list of real estate investment attractiveness of West African countries with Ghana and Gambia in second and third place respectively while Nigeria is ranked 8th.

According to Femi Akintunde, Group CEO, Alpha Mead Group, the real estate sector is faced with so many challenges that must be solved with collective efforts.

He stated that the real estate space cannot be redefined if demand and supply are not on the same level.

He added that the government needs to cooperate with real estate developers so that housing will be better and accessible for civil servants.

He stressed that civil servants do not need to wait to get their pension before they get their one home.

Lagos State Government inched higher to attain her  smart city status by inaugurating a multi-storey facility at Onikan, Lagos Island. The unveiling of the massive project with 384 parking lots would end indiscriminate parking of cars and other vehicles on the  Island the government said.

The Special Adviser on Works & Infrastructure to Governor Sanwo-Olu, Aramide Adeyoye, said the construction, which began in June, 2013, was an affirmation of the administration’s desire to complete inherited projects that fits into its THEMES Agenda.

She said the completed projects would promote development across Lagos and grow the economy of the state through robust infrastructur.

She said: ” For emphasis, the scope of works for the project include but not limited to the following; five numbers car parking floors with a capacity for 384 vehicles with offices for tickets and rest rooms on each floor. The sixth floor is designated as multi-purpose mixed use consisting of a club house, two banquet rooms with sitting capacity of 1,400 guests, among other facilities.”

Also the Deputy Speaker of the State Assembly Wasiu Sanni Eshinloku, who stood in for the Speaker, Mudasiru Obasa, thanked the governor for the landmark project and noted it’s positive impact on the economy and the improvement of not only commerce but the quality of lives on the lsland.

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Also, the Chairman of Yoruba Tennis Club, Chief Jide Damazio, said the project would ease traffic jam on the axis that had been excruciating, noting the number of events and business places.

He asked the governor to ensure that towing vehicles were provided  and further advised that traffic enforcement officials should be made to do their jobs to discourage  illegal and indiscriminate parking.

Governor Babajide Sanwo-Olu commended the Deputy Governor, Dr  Obafemi Hamzat, who he said as Commissioner for Works and infrastructure, ensured that  a dump site and   liability was turned  to asset that everybody was celebrating.

“We promised that our administration will be inclusive and work on fast tracking projects that will improve the lives of the people and alleviate the quality of lives and property. This is promise fulfilled,” he stated.

He  urged Lagosians to own the project and support it by holding their events there and not on the streets, thereby inconveniencing others.

He reiterated that the building could  sit  over 1,400 people and built in such a way that traffic would not dovetail into the streets.

 

The Emeritus Professor of Engineering, H. Milton Stewart School of Industrial and Systems Engineering, Georgia Institute of Technology, United States, Augustine Esogbue, has advised engineers to prioritise mentorship and knowledge sharing.

He  emphasised the teaching of system and industrial engineering to solve societal problems.

Esogbue said its education would promote knowledge in developing multi-purpose machines and systems that will not only solve problems but also help manage resources.

He stated this at a lecture entitled, ‘The engineering of societal systems: A guided tour of decades of some pioneering and transformative research contributions’ organised by the Nigerian Academy of Engineering (NAE) in Lagos.

He stressed that optimum operation of machines and systems engenders development.

Esogbue, a former Director of Intelligent Systems and Controls Laboratory at the institute, said: “There should be teaching of system science in theory and application. At every point in time, you must monitor and maintain systems designed to solve problems. Irrespective of predictions, Nigeria is going to survive but we don’t just want it to survive, we want it to excel.

“Engineering still has a lot to do to transform the country. Engineers, in addition to building hardware, must look for ways to complement them with the software aspect, which is more like policies and the use of machines to do things so that life can be better, more comfortable and the environment will be more beneficial.”

He urged practitioners to share experiences through webinars and other means to engender transfer of knowledge and capacity development.

He said experienced engineers should mentor the younger ones, adding that emphasis should be on  career in Science, Technology, Engineering and Mathematics (STEM).

Esogbue, a fellow of NAE, plans to fund scholarships for select doctoral engineering students for the next five years.

“We need to train engineers who are culturally sensitive to their environment, able to build machines and elevate the quality of life. The field of work now feels like the field of play through mechanisation of labour and engineering,” he said.

He canvassed the need for partnership among engineers.

NAE President, Alex Ogedegbe said the virtual lecture was organised to project excellence in engineering as well as serve celebrate engineers.

Ogedegbe said to encourage knowledge sharing, the NAE has mandated its new fellows to present a paper to the academy.

The forum also featured a presentation a plaque to Esogbue for his contributions to engineering.

The Nigerian Institution of Environmental Engineers (NIEE) plans to hold its public lecture and fellowship conferment in Imo State on Saturday.

In a statement, the National Chairman, Olalekan Ajani, said the theme is “Sustainable engineering, indigenous content and economic development: Purpose and objectives”.

During the event, an engineer, Chief Emmanuel Iwuanyanwu, would be conferred with the Fellowship of the institution, he said.

He stated: “The conferment of fellowship of Nigerian Institution of Environmental Engineers is aimed at professional capacity development of its members, bringing together practising environmental engineers for technological, social and economic cooperation.”

The national president said the NIEE recognised Iwuanyanwu’s professionalism, patriotism, and position as the only benefactor of the much-needed problem solving and nationwide project viz: Indigenous Content Innovative Challenge and Essay Competition. NIEE, Imo State Chapter, Dr. Ngozi Nwogwu, would host the event.

The guest speaker will be Hilary Owamah, an Associate Professor of Civil and Environmental Engineering, and Deputy Director, Directorate of Intensive and Part-Time Programmes, Delta State University, Abraka.

The guests of honour are Anambra State Governor, Dr Willie Obiano; and his Enugu State counterpart, Ifeanyi Ugwuanyi.

The Special Guest of Honour is the Minister of Environment, Dr. Muhammad Abubakar; the Keynote Speaker is Minister of State, Environment, Chief Sharon Ikeazor; and the Chief Host is Imo State Governor Hope Uzodinma.

 

Lagos State Governor Babajide Sanwo-Olu has named the newly- completed 480 housing units of LagosHOMS at Ibeshe in Ikorodu after Chief Babatunde Benson (SAN), who passed on at 89, this year. Okwy Iroegbu-Chikezie reports.

Chief Babatunde Olusola Benson, former General Secretary and President, Nigerian Bar Association (NBA), who hailed from the aristocrat Ikorodu family, died on June 24, 2021, two weeks to his 89th birthday.

But, Governor Babajide Sanwo-Olu has not forgotten him. Inaugurating the 480 homes in Ibeshe in Ikorodu recently, he recounted the virtues of the late patriarch. He listed the impact of good and decent homes on the welfare of residents of Lagos.

He said decent shelter enhances citizens’ quality of life and promotes their well-being.

The governor said decent housing is a priority for his administration, adding that the inauguration was in fulfilment of electoral promises, describing the estate as a modern residential estate dedicated to the well-being of the people

He said his government had in the past two and half years adopted measures to bridge the huge housing deficit compounded by increased population due to influx of people to the state.

“In order to cope with this trend, the state government regards it as a duty to keep on building more homes to take care of the increasing housing needs of  its residents.

“About five weeks ago, we commissioned an estate of 100 homes constructed through joint venture  in Lekki. Today, we are here, again, to release another set of 480 homes delivered through direct budgetary allocation.

“In utilising these two strategies of partnership with the private sector and budgetary allocation, we have been able to deliver 13 major housing schemes all over the state.

“We are still counting because we are still at work in a number of housing construction sites all over the state.

“Apart from the one being commissioned, three schemes are virtually ready and awaiting commissioning at Sangotedo, Odo-Onosa Ayandelu, and Agbowa,” he said.

Sanwo-Olu assured that his administration would mark its third anniversary with 7,000 homes, adding that the government is also embarking on partnership with private sector to meet more housing needs.

He said the private sector involvement in housing development was important for robust housing delivery policy while listing projects achieved through the partnerships.

The governor said the foundation for the construction of phase two of the Ibeshe Housing Scheme, which was being laid would yield a total of 192 two-bedroom flats with good infrastructure.

Sanwo-Olu, who also performed the ground breaking of LagosHOMS Ibeshe Phase 11, said his administration had created 17,000 direct and 18,000 indirect jobs in the construction value chain.

The Commissioner for Housing, Mr. Moruf Akinderu-Fatai, who described Sanwo-Olu, as a housing development award winner, said the governor is passionate about making shelter available to all.

“With more decent homes, the family ecosystem is better preserved, living standards are improved and the beauty of the environment is enhanced,” he said.

He reeled out the achievements of the governor and commitment of ministry officials while calling for support of state residents.

Earlier, Managing Director/CEO,  Lagos State Development & Property Corporation ( LSDPC), Ayodeji Joseph, whose agency built the estate, stated that it is the sixth in the series of the LagosHoms built by the LSDPC. The project consists of 40 blocks (480 units) of 1, 2 & 3-bedroom flats. He said his agency is set to provide luxury living for Lagosians. He said: The newly inaugurated estate located opposite Nichemtex factory, Ibeshe Road, Igbogbo – Baiyeku LCDA, sits on15 hectares and consists of 40 blocks of one, two, and three bedrooms apartments”.

He said the unveiling of the estate was an attempt to reduce decent  housing shortage in the state and to provide conducive environment for families and sound communal living.

The LSDPC chief said prior to this time, they had handed over Anthony Enahoro Housing Estate, Ogba, Lagoshoms Shitta, Surulere, Lagoshoms Suco Road, Oko Oba, Lagoshoms Akerele/Randle, Surulere and  Lagoshoms Amuwo Odofin.

Chairman, House Committee on Housing, Mr. Rasheed Makinde said the governor took over moribund housing projects and completed them, assuring of the State Assembly’s support.