Business
Architects Want Synergy To Curb Building Collapse
Chairman, Nigerian Insti
tute of Architects (NIA), Rivers chapter, Mr Emmanuel Dike, says professionals in the building industry must work in synergy to halt building collapse in the country.
“Professionals must come together to check quacks. We should not allow quacks to hijack the profession and continue their unwholesome activities which ensure the trend of building collapse and loss of lives.”
Dike, who was a guest lecturer, gave the advice at the Second Seminar and Building Materials Exhibition of NIA, Delta State Branch, tagged “Arch-Delta Expo 2014” on Wednesday in Asaba.
The theme of the seminar Architecture and Sustainable Development: Delta State Agenda.Participants said came at the right Time.
It aimed at drawing the attention of architects and other professionals in the building industry to challenges in the national development drive.
Dike said the architects were the “beginning and the end of any building structure” but that the situation was changing fast with “the draughtsman beginning to pose a threat to the profession.”
According to him, building collapse starts with the designs and it takes an architect to design an enduring, affordable and sustainable structure that will meet the demands of the changing world.
He held that architects were not alone in the business of sustainable development, adding that
the structural engineers and the town planners among others also have critical roles to play.
Dike challenged NIA to wake up to its responsibilities in order to protect the future of young architects in the country.
The “one-stop-shop” approval system in Rivers has helped the institute to regulate approval of building designs with the structural engineers and town planners making their contribution.
“Besides, this has also yielded over N600 million in 2013 for the Rivers Government as additional internally generated revenue and giving relevance to the profession”, Dike added.
On his part, Chairman of NIA in Delta, Mr John Arhor, explained that the exhibition was designed to promote the profession in the state and to enable members’ effect needed changes in the society.
He said architects needed to let the people know the difference between an architect and a draughtsman.
“Programmes like this will make the people know that there is someone called an architect.
“So, rather than patronise quacks, they will look for the architect who will do a design that will meet their needs.
“We talk about building collapse today because people often consult the wrong people, but if you get the right professionals, use the right materials and the jobs are supervised by the right persons, you are sure to get the best” , Arhor said.
Mr More Edwin, Acting Permanent Secretary, Delta Ministry of Housing, said there was need for the professionals to actually come together to address issues relating to building collapse.
“It is now obvious that building collapse has continued because we, don’t pay attention to rules and regulations.
“Building designs should be handled by architects because they are properly trained for that but quacks have penetrated the profession today.
“So, many of these buildings around were not designed by architects but by draughtsmen and even engineers who are not well trained on designing.
Edwin called for inputs of all the professional bodies in building industry to curb building collapse, adding that control and monitoring of projects were vital.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
-
Politics14 hours agoCHRISTIAN FORUM PASSES CONFIDENCE VOTE ON TINUBU, WIKE, OTHERS
-
Politics14 hours agoTinubu Felicitates Umahi @63, Says Works Minister Outstanding
-
Business16 hours ago$50m Steel Pipe Facility: NCDMB Lauds Brentex, Assures Industry Patronage
-
Politics14 hours agoSpeak For Yourself, Otti Tells Uzodimma Over Tinubu’s Reelection Bid
-
Politics14 hours agoVotes Will Count In 2027, INEC Assures Nigerians
-
Politics14 hours agoHow I Paved Way For Other Govs To Join APC — Eno
-
Politics14 hours agoBuhari Administration Originated Fake PFIPC, Budget Office Tells Reps
-
Niger Delta15 hours agoCommunity Elects Monarch After 55yrs Interregnum … As King-elect Preaches Unity
