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Lagos Trade Fair Records Low Patronage At Day Three

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Business activities were still at a slow pace at many stands on weekend as the Lagos International Trade Fair entered its third day.
Some visitors at the Tafawa Balewa Square venue at the fair, said the economic situation in the country could take its toll on this year’s event, though it was just in its second day.
They spoke with The Tide source in separate interviews at the venue.
Mr Dare Kelvin, a civil servant, said that the economic situation could affect the influx of people to buy goods at the fair.
“The economy is the cause why people don’t come in to buy; people are not happy.
“Happiness comes when one is buoyant and able to come out and do basic things for himself, and by the time this is not happening, this kind of situation is what you will find,” he said.
Mrs Komolafe Peters, an evangelist, said the level of unemployment in the country, could have an effect on the fair.
According to him, “Many Nigerians are not working, those who are working are not well paid or under paid and this cannot even meet their basic needs.
“ So, with which money will they come here with to buy things?”
A former Staff of Bank of Industry, Mrs Virginia Okoro, suggested that government should improve the economic productivity and create opportunities for its citizens.
“What I mean is that government should invest in human capital potential and create jobs for women and young people.
“They should also increase financial access for people,” she said.
Our source confirmed that some exhibitors were still setting up their stands at the venue as at yesterday, just as visitors to many stands were just window shopping.
Queues were, however, seen at one of the stands where free noodles were being offered and at another Maggi stand where they got freebies.
The Tide also learnt that only few banks have registered their presence at the Tafawa Balewa Square, the venue of the fair.
UBA, Stanbic IBTC and First Bank were among those with stands.
International companies like HAVILAH Processing Company, Canada, Japan Motors, SUNSHINE Group Limited had also registered their presence at the fair which is expected to end on November 10.

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Housing/Property

Expert Harps On Quality Building Materials

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A real estate consultant in Port Harcourt, the Rivers State capital, Dr Derefa Fiberesima, has charged builders in Nigeria to come’ up with buildings that would stand the test of time, using quality building materials.
Fiberesima gave the charge in a chat with The Tide, yesterday in Port Harcourt.
He noted that the use of quality building materials would not only ensure the integrity of the building, but that materials suitable for the tropical weather conditions in the country would also be chosen.
Fiberesima observed that the buildings put up by the colonialists were still standing strong, saying: even stronger than new buildings erected in present day Nigeria’’.
He lamented that the quality of building materials used in the present day Nigeria was not suitable for the Nigerian weather condition.
He explained that the consequences of using substandard building material were dire and charged the Lawmakers need to accelerate the passage of the enabling Act for the enforcement of the National Building Code to adequately address building collapse crises in the built industry in the nation.
Fiberesima cited the example of corrugated iron roofing sheets widely used in roofing in Nigeria as one that gets easily rusted due to a acid rain and heavy sunshine especially in Rivers State adding that the heavy noise due to rain dropping on it could also be very disturbing to occupants of the building.
He also pointed out that there were health implications when asbestos building materials are used, which he lamented was not widely known to Nigerians.
He enjoined the government to take a look at the housing policies of other climes and articulate in Nigeria’s housing policies.

 

By: Tonye Nria-Dappa

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Housing/Property

FMDQ Committed To Tackling Housing Deficit –Onadele

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The FMDQ Securities Exchange (FMDQ) Plc has said it remains committed to tackling the housing infrastructural deficit facing Nigeria through mobilisation of funds from the capital market.
Its Chief Executive Officer, Bola Onadele, disclosed this during the Capital Market Correspondents Assoctaion of Nigeria (CAMCAN) 2019 annual workshop in Lagos at the weekend.
Speaking on the theme: “Bridging the infrastructure gap in Nigeria: The Capital Market Option”, Onadele stated that infrastructure is central to the development of the economy and pointed out that FMDQ is poised to providing workable means of housing provision in the country,amongst other programmes to address infrastructural gap in Nigeria.
Onadele who was represented by Associate Executive Director, Corporate Development, FMDQ, Kaodi Ugoji, noted that the Exchange had set up a housing development project team to work directly with the office of the Vice president.
Onadele further added that the Exchange has been working with stakeholders and government to develop products that will drive the capital market and the Nigerian economy in the last four years.
“Sukuk bond has been a success no doubt but there is a need to expand sukuk bond which the Federal Government introduced. Infrastructure is one thing we need to shore up to achieve our goal as a country.
He gave assurance that the Exchange’s holding company would bring efficiency to help in the development of infrastructures.
“We will continue to innovate ways as well as blueprint to drive development in the capital market and the economy at large”, he said.

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Housing/Property

Staff Housing Loan Boss Cautions Public Servants Against Corruption

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The former Executive Secretary, Federal Government Staff Housing Loans Board, Dr Hannatu Adamu Fika, has called on public servants in the country to shun corruption and contribute to making Nigeria great.
Fika made the call in an interview with newsmen during a dinner party organise in her honour to celebrate her retirement in Abuja.
She said that challenges in life were normal but one needs to be upright in carrying out his or her responsibility as a pubic or civil servant.
“When you build a house for a public servant, you have added value to his or her life.
“I want to call on public servants to be transparent and shun corruption in the course of their work for the development of the country.
“However, I will continue to urge the staff I have worked with to continue to follow the line of doing the right thing so that we can have a corrupt free public service in Nigeria.
“Those in the Housing Loan section should not relent to touch true lives of pubic servant in the area of provision of housing.
“I have exited but am not tired; I am moving into another stage where the Centre for Leadership and Economy Development, an affiliate with UN have given me the Chair Person of their governing board.
“I am now going to concentrate on issues of women and youths development, “ she said.
However, Fika said she would continue to pray that the Federal Integrated Staff Housing Programme known as FISH grows from strength to strength.
“So that civil servants  who are hard working but their salaries cannot take then home would be able to benefit through that system so that they can have their own homes”.
Also speaking, the Permanent Secretary in charge of Niger Delta Ministry Ms Didi Walson-Jack, said Fika is intelligent, willing to advice and always on top of her subject matter.
“She has created impact in the public service through provision of housing for public servants and other wonderful things she did to help them,” she said.
Our correspondent reports that the occasion attracted some former permanent Secretaries, Heads of Civil Service of the Federation, FG Staff Housing Loans and many friends and well wishers.

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