Business
Minister Calls For Sustainable Housing Policy
The Minister of
Power, Works and Housing, Mr. Babatunde Fashola, has said that for the country to effectively tackle the housing problems facing the nation, a consistent, measurable and sustainable housing policy is required.
The minister, who stated this at the just concluded 35th Annual General Meeting and Housing Symposium of Shelta Afrique, which held at Abuja, also said that this policy must be led by government.
Fashola pointed out that in the past, government had dabbled into housing initiatives, which he said did not succeed owing to their unsustainability, and suggested an urgent change of strategy based on a sustainable and well thought out initiative.
According to him, “the Federal Government would continue to prosecute overall housing policy stand which recognizes the government as active facilitator of private sector-driven”.
He cited the housing initiatives of developed countries, observing that they were targeted majorly at housing the working class people, saying that the public housing initiative of the United Kingdom was initiatives by government in 1918 and that of 2014, 648 percent of the UK’s populace were home owners adding that in Singapore, the initiative was by government in 1960 and has provided housing for 80 per cent of the population.
He said, “what is common to both model is that there was uniformity of elision, a common target to house working class people and not the elite, statandardisation of fit like doors, windows space, electrical and mechanical and also common concept of neighborhood.”
He observed that many of the Public Private Partnership (PPP), housing initiatives entred into have either stalled as a result of inadequate financial capability, land dispute or litigations, reasoning that, “this is not the road sustainability”.
The minister noted that the foremost thing to do in housing was proper planning, adding that, it was crucial to success or failure of the project.
He stated, “our plan requires us to evolve agreeable housing types, to standardise the size of our doors, windows, toilet and bathroom fitting, lighting fittings and other accessories so that our small and medium enterprises can respond to supply all the building materials, create diversification and jobs and ensure that projects are completed with a steady, supply of materials and to ensure that the designs reflect our behavioural partners”.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.