Business

Housing Sector Reform: Expert Urges Political Will

Published

10 years ago

July 13, 2015

L-R: Former Minister of Industry, Chief Onikepo Akande; Chairman, Splash FM, Chief Adebayo Akande, Chairman of the occasion, Chief Kola Daisi, at a lecture titled: Slaying of the Supreme Command Sine Qua Non for Nigeria’s Development and Progress, at the University of Ibadan last Wednesday

The Managing Director, FESADED Communications Ltd, Mr. Festus Adebayo has advised the Federal Government to develop the required “political will’’ to address housing deficit in the country.
Adebayo gave the advice in an interview with newsmen yesterday in Abuja.
He said having the political will would enable the government to foster a vibrant private sector for sustainable mass housing development.
He added that “let there be a political will to reform the housing sector; we are calling on the new government of President Muhammadu Buhari to help us to look into the sector and sort things out.’’
The managing director said that the government should put into consideration ideas that would solve the long tenure of loan and equity payment.
He, however, noted that the Federal Mortgage Bank of Nigeria (FMBN) had an understanding with Nigerian Mortgage Refinance Company (NMRC) to address the housing problems in the country.
According to him, the NMRC is in a Public Private Partnership (PPP) arrangement between the Federal Government and the private sector to bridge the funding cost of residential mortgages.
“NMRC promotes availability and affordability of good housing to working Nigerians by providing mortgage lending with increased access to liquidity and longer terms fund in the mortgage market,’’ he added.
He said FESADED Communications Ltd was to promote local content initiatives and self sufficiency in providing affordable housing in Nigeria.
He added that the organisation introduced the Abuja Housing Show and Award to provide platform for both local and foreign players in the real estate industry to showcase their products and services.
Adebayo explained that the show was also aimed at raising awareness among developers, manufacturers of building materials and housing stakeholders on the housing needs of the country.
He said that “the annual show is an opportunity for stakeholders to meet key international players in housing and construction sector.
“Bringing these set of people together would enable them exchange ideas to make the buying public to be aware of houses that are available.’’
The 2015 Housing Show and Award, organised in Abuja by the FESADEB Communication Ltd, had “Delivery of Affordable Housing: Financing Building Technology and Land Issues in Nigeria’’ as its theme.

Business

NPA Assures On Staff Welfare

Published

2 days ago

June 27, 2025

The Tide

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure and equipment modernization drive with the development of the welfare of its personnel.

Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the clearing of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.

A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying, “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.

The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.

“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”

Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.

“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.

Speaking on behalf of the joint maritime labour unions, the President of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”

Nkpemenyie Mcdominic, Lagos

Business

ANLCA Chieftain Emerges FELCBA’s VP

Published

2 days ago

June 27, 2025

The Tide

National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).

The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.

Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.

Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.

The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.

The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.

The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.

Nkpemenyie Mcdominic, Lagos

Business

NSC, Police Boost Partnership On Port Enforcement

Published

2 days ago

June 27, 2025

The Tide

In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).

The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.

Executive Secretary/Chief Executive Officer of NSC, Dr. Pius Akutah, made this known during a visit to the Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.

The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.

Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.

He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.

“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.

Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.

The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.

“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.

Chinedu Wosu