Business
Surveyors Move To Curb Home Conversion …Want Owner-Occupier Policy
Members of the Nigerian Institution of estate Surveyors and Valuers (NIESV) have called on government to pursue owner-occupy housing policy to discourage conversion of homes for commercial purposes.
The body made this submission in a communiqué issued at the end of its Annual Housing Summit in Port Harcourt, the Rivers state capital, recently.
They argued that owner-occupy housing policy would also encourage neighbourhood development.
The group noted that homes conversion was a threat to housing stock as it reduces residential housing and urged government to come up with tight control measures to restrict conversion of homes to commercial purposes as is the norm in many big cities in the country.
They suggested that government should also develop statutory housing strategies that would increase the supply of homes, which they pointed out would address the menace of homelessness and overcrowding in the urban centres.
Furthermore, the estate surveyors and valuers encouraged government to fully unbundle the nation’s mortgage system in a manner that would ensure key players in the sector perform speciallised roles and urged the government to follow up on the N500 billion recapitalization of the federal Mortgage Bank of Nigeria (FMBN) observing that it would widen the nation’s housing finance manager.
Speaking from the sidelines, the second Vice Chairman, NIESV, Mr. Emma Wike, enjoined the Federal Government to employ qualified professionals in the execution of its planned 10,000 housing units in all states of the federation.
Wike also called for the appointment of estate surveyors as project managers to housing projects, stressing that the estate surveyor, “remains the most qualified professional to hand any building project in the country.
Tonye Nria-Dappa
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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