Business
Surveyor Urges NASS To Pass Housing Bills
The President, Nigerian Institution of Estate Surveyors and
Valuers (NIESV) Mr Emeka Eleh, on
Thursday urged the National Assembly to pass the eight bills on housing
currently before it.
Eleh told our correspondent in Lagos that the bills were
submitted to the National Assembly when the late President Umar Yar’Adua was
president of the country.
According to him, the bills are still in the National
Assembly and not even one of them has been passed.
“Let me also talk about the issue of housing laws in the
National Assembly. There are about eight of them right now from the Land Use
Bill, which was submitted by the Umar Yar’Adua’s adminisstration for review.
“We urge the National Assembly to look into these laws. you
see, developing a sector has to do more with the structural issues that impede
development in the sector.
“There are laws that need to be re-tuned. I have mentioned
the Mortgage Act. I have mentioned the Land Use Act. If people have access to
land in a way that was intended by the Act, it becomes easier.
“If people have title to the land in a way that was intended
by the Act it becomes easier; if the interest rate comes down to a level that
is manageable, it becomes easier.
“If the building materials are not expensive, it becomes
easier; we are happy with the cement production.
“We are attaining almost sufficiency in that area. But at
what cost for a bag of cement at N1,700. So these are areas government must
look at,” he said.
He said that once housing infrastructure was provided,
people would be able to live in distant places outside the city centre and
still go to work in the city.
Eleh said houses in major cities across the country were
expensive because of the high demand for accommodation at the same time and in
the same places.
“In America, people live in New Jersey and still go to work
in New York. You drive one and half hours to work and go back.
“After all, you finish work at 5 by 6.30 you are home, but
you can do that if the infrastructure is good.
“A major component of housing is infrastructural spread to
ensure that people can move from point A to point B,” he said.
Eleh said that the provision of housing infrastructure would
reduce the cost of accommodation in major cities across the country.
According to him, the cost of construction will reduce if
the government provides infrastructure on the outskirts of major cities.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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