Business
Building Stakeholder Flays Housing Situation
A stakeholder in the
housing sector and builder, Mr Chuks Nwafor has said that the housing situation in Nigeria, especially in the urban settlements can best be described as “very, very uncomfortable.
Building on this position, Nwafor who is a member of the Nigerian Institute of Builders (NIOB) pointed out that the challenge in the sector is that the rate of housing production and the rate of population growth are at variance.
According to him, while the population is growing at geometrical rate, housing provision is far below expectation, and as such, the private sector that would have filled the gap, is not producing houses that are within the reach of an average Nigerian.
“The houses obviously are grossly inadequate in all respect, including not being enough for civil servants due to the continuously growing population arising from the influx of Nigerians looking for greener pastures in some major cities like Lagos, Port Harcourt and Abuja.
“The measures currently put in place are far cry from what is expected. The major cause of the high cost of accommodation in these cities is therefore attributable to the high deficit in housing stock in these cities, like what we see in Port Harcourt and other popular cities in Nigeria”, he said.
Nwafor however urged developers to always seek for methods to bridge the gap, pointing out that the high demand in housing is very much recorded among the low income earners who are in dire need of affordable homes.
He said investment in affordable or low cost housing by both private and public housing providers will go a long way in addressing this challenge.
Corlins Walter
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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