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Fashola partners finance ministry, others to reduce housing deficit

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The Minister of Works and Housing, Mr Babatunde Fashola, says his ministry is working with ministries of finance, budget and national planning to lower interest and lending rates to reduce housing deficit in the country.

Fashola made the assertion at the third edition of Lafarge Africa Plc Quarterly webinar – Concrete Ideas.

It is a platform for deliberation on issues, policies and developments shaping Nigeria’s construction, infrastructure and housing sectors.

The theme of the webinar was: “New Solutions for Nigerian’s Urban Housing.”

The minister, who spoke as the Special Guest of Honour, said the government would ensure long term financing to reduce the housing deficit in the country.

He said housing was a commodity, which the private sector could leverage to increase their entrepreneurial skills to deliver.

“I’m happy to observe that in the last four years at least, the footprints of private sector in the real estate is increasing.

“What government can do to strengthen that space is to use its fiscal and monetary policies muscles to make it even more prolific to play by bringing down the rates – interest and lending rates.

“Government should ensure long tenure financing and these are conversations I’m having with my colleagues, the Minister of Finance, budget and national planning,” he said.

Fashola added that houses of assemblies of states and attorney generals must rise up and intervene on behalf of their residents by way of rent control.

He noted that housing must be discussed along the terms of ownership and rental.

“Where you have people asking citizens to pay three years’ rent in advance for salaries earned monthly in arrears, there is a mismatch there; housing will never be affordable and the bulk of property do not belong to the government but private citizens,” Fashola said.

He urged the attorney generals to get creative through legislation to solve the problem.

According to him, Nigeria needs to redesign its building method for those with economic power to demand and consume.

The minister debunked claims that Nigeria had a housing deficit of between 17 million and 22 million, saying the claim was unrealistic as there were empty houses all over the major urban centres.

He said the Federal Government was perfecting plans to ensure the next census would include home ownership to ascertain the country’s housing deficit figure.

He noted that housing deficit was an urban problem, and that land was a very important component in addressing housing problems in the country, yet he said the Federal Government did not control land but states.

Also speaking, Lafarge Africa Chief Executive Officer, Mr Khaled El Dokani, said the Concrete Ideals platform was for strategic discussions of critical and tropical issues in the area of construction and other sections of its value chain.

Dokani said the commitment of the Federal Government and its agencies to encourage private sector involvement in critical policy formation could not be overemphasised.

“Today’s event signals a call for all key stakeholders within the sector to work together and find lasting solutions to Nigeria’s urban housing issues,” he said.

He said the company would remain committed in providing building solutions through innovative products for economic growth and development.

Miss Amaka Nwaokolo, founder, Blue Tower House, said access to finance was vital in solving housing problem.

Nwaokolo urged the government to provide affordable finance to real estate players to solve housing issues in the country to ease the burden that would be passed to end users.

 

 

(NAN)

 

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House Of Reps Adopt Tax Reform Bills, VAT Remains 7.5%

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The House of Representatives has finally adopted the reports of its committee on finance on the Tax reforms bills after months of negotiations and three public hearing on the issue.

Several amendments were made to accommodate all concerns as the bills were approved without any dissenting voice.

Part of the amendments include the retention of value added tax (VAT)at 7.5 percent, redefinition of the inheritance tax, and distribution of value added tax.

The House also approved the proposal for the military to be exempted from personal income tax.

“All the 36 states, including the Federal Capital Territory have their representatives in the sub-committee.

“This is the first time such a report is getting hundred per cent approval by almost all members,” the Speaker of the House of Representatives Tajudeen Abbas said.

Following the consideration of the bills, the Chairman of the House of Representatives Committee on Finance James Faleke

“These bills underwent three full days of public hearings, with input from over 80 key stakeholders. Afterward, we held an eight-day retreat to debate each clause,” the Lagos lawmaker said.

“I am glad that House members recognised our thorough work and approved all our recommendations.”

With the adoption, the House is now poised to pass the bills.

The adoption is coming after President Bola Tinubu in October 2024 asked the National Assembly to pass the tax reform bills. These bills include the NRS bill, the Nigeria tax bill, the Tax administration bill, and the joint revenue board establishment bill.

Some clauses in the bills had generated concerns in some sections of the country with many calling for their withdrawal. But President Tinubu insisted on the bills, arguing that Nigeria needs them to make progress.

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Natasha: Senate Passes Vote Of Confidence In Akpabio’s Leadership Again

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Senator Godswill Akpabio and Natasha Akpoti-Uduaghan
Senate-President-Godswill-Akpabio and Senator Natasha Akpoti-Uduaghan
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For the second time in the last few weeks, the Nigerian Senate on Thursday passed a vote of confidence in the leadership of Senate President Godswill Akpabio.

This comes after Senate Leader, Senator Opeyemi Bamidele under Orders 40 and 51, moved a motion on the recent controversy surrounding the upper chamber, underscoring the need for clarity, adherence to legislative rules and a renewed focus on governance.

Senator Natasha Akpoti-Uduaghan representing Kogi Central was suspended by the Senate following following alleged gross misconduct and and disobedient to Senate rules.

She tagged her suspension as an injustice, reporting the matter to the United Nation’s Inter-Parliamentary Union (IPU) on Tuesday.

The Senate, however, responded to her complaint to the IPU on Wednesday, telling the international body that Senator Natasha’s suspension has nothing to do with her sexual abuse allegation against Akpbaio, but for gross misconduct and disobedient to Senate rules.

Speaking on the floor of the Senate , Senator Bamidele acknowledged heightened public interest in the matter due to allegations made by a fellow senator.

However, he maintained that at no point between August 2023 and the present was the Senate informed of any sexual harassment claims, adding that the issue at hand was purely about disciplinary measures related to breaches of Senate rules.

According to him, “I want to make it clear that the matter referred to the Committee on Ethics and Privileges had nothing to do with sexual harassment. The Senate President did not preside over any case related to such allegations. What was addressed was a flagrant disregard for Senate rules and we followed due process as guided by the Constitution”.

He further defended the Senate’s authority to regulate its proceedings, including the decision to suspend a senator, stating that such actions were necessary to maintain order and uphold legislative integrity.

He refuted claims that the Senate acted beyond its constitutional rights, noting that suspension remains the only alternative to anarchy within the chamber.

“It was never an issue before us that any member of us was sexually harassed and we hold on to that point. We need to put the events of the last two weeks and concentrate. There is work before us and we have done everything possible, ensuring that the electoral reforms and others have legislative expressions.”

Regarding international reactions, he further clarifies that the Inter-Parliamentary Union (IPU) acted within its own rules, and that any statements made by the Senator in question at the IPU meeting were done in a personal capacity, not as a designated delegate representing Nigeria.

“It was never an issue before us that any senator was sexually harassed. We need to move past the events of the last two weeks and focus on our legislative responsibilities. There is critical work before us, including electoral reforms, economic recovery, and tax reform bills.

“The 7th schedule of the 1999 Constitution is clear, and we all swore by oath that we will make laws for the good of this country. We swore to that oath and ensured everyone abides by that oath”.

The Senate leader also addressed the Civil Society Organizations, noting that Nigeria is making progress but still faces significant challenges. He urged the public to be objective in their analysis and to reserve their energy for genuine cases of sexual harassment.

“We have heard you, but we need to concentrate in our work, so if we choose to be silent on this matter going forward, know that it is intentional on our part. Please be objective in your analysis and save energy for those genuine victims of sexual harassment”.

To conclude, the Senate passed a vote of confidence in the leadership of Senate President Godswill Akpabio, commending the way the matter was handled.

The Deputy Senate President, Senator Barau Jibrin, who presided over Thursday’s plenary session, noted that with the budget which has now passed demands that the legislature focus on its oversight functions.

He reiterated that the matter is now before the courts, and as such, the Senate should allow the legal system to take its course.

 

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Prisoners on Death Row Rise by 98 in Six Months, NCoS Acting CG Reveals

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Acting Controller-General of NCoS), Mr. Sylvester Nwakuche and Senate Leader, Senator Michael Opeyemi Bamidele
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*****Seeks strategic collaboration with police, DSS, EFCC

The Nigerian Correctional Service (NCoS) has revealed that the number of prisoners on death row had risen from 3,590 in September 2024 to 3,688 in March 2025, representing a 2.73 percent increase or 98 prisoners within six months.

The NCoS also sought strategic collaboration with the Nigeria Police, Department of State Services (DSS); Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC) to speed up the wheel of justice in the country.

The Acting Controller-General of NCoS), Mr. Sylvester Nwakuche revealed the figure yesterday while the Senate Committee on Interior chaired by Senator Adams Oshiomhole was screening him for the position of substantive controller-general.

Nwakuche was accompanied by his Principal Staff Officer, Mr. Godwin Okosun; Deputy Controller of Corrections of NCoS, Mr. Babatunde Ogundare; Acting Controller-General of NCoS, Mr. Sylvester Nwakuche; and Assistant Controller General of NCoS, Mr. Ahmed Adagiri, among others, to the screening exercise yesterday.

Responding to questions at the screening with facts and figures yesterday, Nwakuche disclosed that no fewer than 3688 inmates are currently on death row in the country compared to 3,590 recorded in September 2024.

He explained the major challenges facing the correctional service in the country, revealing that the majority of inmates “are currently awaiting trials. That is our major headache we are trying to address on a daily basis.

The acting comptroller-general said: “Inmates on death row are now 3688 from 3,590 in September 2024. State governors are part of our challenges. They refuse to execute inmates on the death row; neither do they commute their death sentence to life imprisonment.

“If they commute death sentences to life imprisonment, it is easier for us to distribute them to rural correctional facilities which are not as congested as those in urban correctional facilities.

“This is because the issue of congestion is a major urban phenomenon. Our correctional facilities in urban centres are more congested than those in rural areas. If we commute them to life sentencing, we will be able to distribute them equitably,” the acting comptroller-general.

The acting comptroller-general pledged to collaborate with other security agencies more strategically to ensure that the issues of awaiting trials are permanently resolved so that the prison can be decongested.

He further emphasised collaboration and synergy specifically with the Nigeria Police, EFCC, DSS and ICPC, among others, to decisively address the challenge of awaiting trials in all the correctional facilities nationwide.

“This is very important for any establishment to forge ahead. An establishment like correctional centres cannot do anything without collaboration. We are the one at the recipient of the products of all the prosecuting agencies,” the acting comptroller-general.

According to him, the Nigeria Police, EFCC, DSS, Nigeria Custom Service, Nigeria Immigration Service and ICPC will bring all these products to our doorpost. They expect to turn around and push them into society and be law-abiding citizens. If we must meet this expectation, we need to collaborate more meaningfully.

He lamented that the dispensation of justice system “is very slow. When I met with the Inspector-General of Police, I said some of your inmates are in our facilities. They have stayed up to five or six years. Some of them are not needed to be in our facilities any longer.

“If they have been sentenced, some of them will not spend up to two to three years in prisons. But they have stayed in our facilities for six years. For me, such persons should be discharged and acquitted. That is one area we must collaborate to decongest our facilities..

“I also met the Director-General of DSS on the need for collaboration. I met the Attorney-General of the Federation for the same reason. Some of the inmates are waiting for the advice of the Director of Public Prosecution. If we do not reach out to these agencies, our people will continue to be in prisons unnecessarily.”

In his remarks, Chairman, Senate Committee on Interior, Senator Adams Oshiomhole said the committee would submit its report based on the performance of the Acting Controller-General of the Nigerian Correctional Service (NCoS).

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