Business
Association Lauds New Lagos Housing Initiative
The chairman, Real Estate
Developers Association of Nigeria (REDAN), South-West Zone, Mr Taiwo Ogunbodede, on Saturday said the new Lagos State Housing Initiative would benefit ordinary citizens.
Ogunbodede, in an interview with newsmen in Lagos, expressed worry that Nigerians might not favour the method being practiced by REDAN to cushion economic recession.
“ The era of you building property, people paying out rightly has passed.
“You have a situation where people are selling property through what we call instalmental and flexible payments.
“In Nigeria today, it is possible that you buy a property without going through mortgage and pay in 36 months, pay in 48 months, you get the keys to your house,’’ he said.
According to him, even, the rental payment introduced by the Lagos State Government is a good initiative.
“It helps a whole lot for somebody who can plan; so, it is a good initiative for those who can afford it, and for those who can fit to that payment realm.
“As developers, we have put such structures in place before now, but most Nigerians, I can assure you, will still look forward to paying ahead yearly.
“People do not want to be bothered about the monthly payment, because you have to keep thinking every month,’’ he said.
Ogunbodede said that the association was planning a seminar with building regulatory agencies in November to educate both the registered and unregistered developers on best practices to avert building collapses.
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.