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Jul
27
2025

LATEST PRESS

STATEMENT OF SEN. KWANKWASO THAT THE NORTH IS MARGINALIZED ON ROAD INFRASTRUCTURE DEVELOPMENT UNDER PRESIDENT TINUBU’S ADMINISTRATION, ABSOLUTELY FALSE, MISLEADING AND SELF-SERVING.
 
My attention as Honourable Minister of Works has been drawn to the unfortunate statement by His Excellency, Sen. Kwankwaso that President Bola Ahmed Tinubu, GCFR, is developing more roads in the South than in the North.
 
2. I consider this statement as a grave misleading information made intentionally to deceive our brothers and sisters in the North and to pretend that he loves the North more than any other leader from the North. I consider  Sen. Kwankwaso’s statement as statement made out of desperation and as part   of his struggle  with few others who believe that they can inherit the impeccable legacy of our dear late President  Mohammadu Buhari, GCFR and that the only way available for them  towards achieving same  is to be divisive and pretentious. Trying to be  like  our late President Buhari cannot be a job of three decades and  can not be done with deceit. I think our younger generation has such a chance and  which must be worked for through hard work, honesty, transparency and commitment to the unity of our country , a legacy that our late President Buhari, GCFR achieved in all his life on earth. May God continue to bless his legacies and give him a peaceful rest, Amen 
 
3. For the interest of all Nigerians, especially  our  dear brothers and sisters in the North, I wish to highlight  just a few key ongoing projects in each of the six Geo-Political Zones. 
 
4. The four legacy projects of President Bola Ahmed Tinubu, GCFR:
a) Lagos-Calabar Coastal Highway, which is 750 km: As of today, a total of 110 km is ongoing within Lagos State and 65 km within Cross River and Akwa Ibom States. The total ongoing is 175 km  by 6 lanes or 350 km by 3 lanes in the South.
b) The Sokoto-Badagry  Superhighway, which is 1068km: As of today, we have 258 km ongoing at Kebbi section and 120 km ongoing at Sokoto section. Total ongoing is 378 km  by 6 lanes or 756 km by 3 lanes in the North.
c) Trans Sahara road spanning through Cross River - Ebonyi - Benue - Kogi - Nasarawa - Abuja, which is 465km: 118 km  by 3 lanes or 59 km by 6 lanes is ongoing in Ebonyi State - South.
d) Akwanga - Jos - Bauchi – Gombe road, which is 439km: Project is being redesigned from flexible pavement to rigid pavement for more durable pavement as directed by Mr. President and to conform to the other legacy projects. In the four legacy projects, the North has 52% and South 48%. Within the ongoing projects as of today, the South has 409 km by 3lanes and the North has  756km by 3 lanes . The facts are there. I wonder why people don’t talk about other legacy projects of Mr. President but will always dwell on Lagos-Calabar Coastal Highway. This road has only 220 km by 3 lanes in Lagos State that is ongoing  now , crossriver and Akwaibom has 130km by 3 lanes that is ongoing whereas kebbi alone has 316 km  by 3 lanes that is ongoing. Sokoto has 240 km by 3 lanes that  is ongoing  . I think Sen.  Kwankwaso is not fair to Mr.President and the unity of our country 
 
5. The following major projects are  also ongoing in the North.
a)  Sokoto - Zamfara - Katsina - Kaduna road: This is 275 km dualized (750 km), costing about ₦824 Billion. This project is being handled by CBC, Triacta, Setraco, and Mothercat. Projects are ongoing mostly on reinforced concrete pavement. Despite the insecurity within this corridor, work is ongoing.
b) Abuja - Kaduna - Kano road: 350 km dualized  (700km) project is being  constructed on concrete pavement with a total sum of ₦764 Billion with Infiouest Nig Ltd and 30% of the contract sum already paid and work is ongoing.
c)  BUA Tax Credit  road passing through Jigawa, Katsina, and Kano States: 256 km dualized (512 km). Project redesigned and constructed on rigid pavement.
d)  156 km of Zaria - Hunkuyi road is being constructed by mothercat Nig Ltd.
e) The Kano Northern Bypass: 49 km is being constructed by CCECC.
f)  The 100.9 km dualized (201.8 km) Kano - Jigawa road is being constructed by Triacta.
g) The Bama and Dikwa roads (49+51= 100 km) by Dangote Tax Credit are ongoing in Borno State 
h) The  Borno  Ring Road: 110 km is being constructed by CCECC.
i)  The 76 km Malando road in Kebbi State is being constructed by Episolyn Nig Ltd.
j) The 250 km dualized (500 km) Benue to 9th Mile road costing $958 Million by China Harbour is ongoing.
k) The dualization of Lokoja - Okene 86km dualized (172km) by CGC is ongoing. 
l) The sections 1 and 2 of Kaduna to Katsina roads by CCECC costing about ₦150 Billion is ongoing.
 
6. Major ongoing projects in the South: 
a) Completion of Lagos - Ibadan 8.5 km costing ₦33 Billion by RCC.
b)  completion of Lagos to Sagamu 12 km dualized (24 km) and  flyovers by CBC costing 
c)  completion of Oyo - Ogbomoso  to Ilorin  Road costing ₦146 Billion by JRB 
d) Repairs of Carter bridge, Third Mainland bridge, Eko bridge with total contract sum of about ₦120 Billion
e) In South East, we have:
   i.  Completion of Enugu - Onitsha road by MTN tax credit which is 107 km costing ₦202 Billion.
ii.  Completion of Enugu - Onitsha  road by CBC, which is 72 km costing ₦150 Billion. 
  iii. Enugu - Abakaliki   36 km road by reinforced global resources 
iv) 2nd Niger bridge  access road in Anambra State, 17.5 km dualized with many bridges and  flyovers - ₦175Billion by CGC            Vii ) the completion of 61km  dualized of lokpanta in Imo state to Enugu state by CGC costing 100bn 
f.) In South - South: 
i.  Completion of Eleme - Onne road project, which is 30 km with bridges and flyovers costing ₦156 Billion.
   ii. Eket bypass road of 9.7 km dualized costing ₦76 Billion 
    iii. Completion of East West Road section 2 which is ₦186 Billion by Setraco 
     iv. Nembe Brass  road costing ₦150 Billion. 
v)  completion of Lokoja to Benin road by four contractors costing about ₦167 Billion
vi) 2nd Niger bridge  access road in Delta 17 km dualized by CCECC costing ₦146 Billion.
 Vii) completion of Bodo Bonny Road in rivers state 35 km with 12 bridges by julius Berger nig plc costing 200bn 
7. I have a duty in the coming week to publish all inherited projects and new projects that are either completed or ongoing in this present administration . I can say with all sense of responsibility that President Tinubu is a fair President. He has favoured the North in road development more than the South, especially North West, where Sen. Kwankwaso comes from.  Apart from these four legacy projects, 80% of the above named ongoing projects were projects awarded by the past administration  towards the end of that administration in 2023 but never took off  effectively which President Tinubu decided to continue to fund  towards completion. If he had abandoned them, same people will complain. I have been under pressure by some stakeholders for the  construction of  their major roads like the abandoned Ibadan - Oyo by Arab contractor , Ibadan - Ife - Ilesa,  Ilesa - Akure - Benin  and Ore - Sagamu road. I have been badly accused that I am only doing projects in the North, especially North West. Third Mainland bridge is being closed  down to heavy  trucks because of  underwater  structural defects. The Carter bridge is so deformed that it needs to be removed and reconstructed. These are the real major projects in South West which I have been appealing to Mr President to give me money to do those projects because the people of South West may think that I am doing nothing about the major projects in their zone. These projects are  projects that are within major economic corridor between the South and the North and deserve attention.  Again, these bridges if allowed to further  deteriorate  will lead to serious economic consequences for the nation.  Mr president is not only fair in completion of major inherited projects/ new projects but they are all within the major economic corridor of our nation. I will publish all ongoing projects  which are above 20 billion naira  each next week .  We still have many projects within the six geopolitical zones that are not listed here . In this circumstance, I don’t know where Sen Kwankwaso got his misinformation  from.
 
8. It is unfortunate that the utterances of some of our political leaders are  just intended to deceive Nigerians and gain political favour instead of making statements that will unite the country and move her forward 
 
9. I will offer more explanation on this topic and ready to face a debate with anyone just to put the records straight.
 
10. Let me say that in the ongoing NNPCL Tax Credit roads and bridges as inherited, the North has 53% while the South has 47%  out of which South East has  only 4% and South West  only 5%.  The records are there with NNPCL . Mr. President did not complain about the unfair distribution of these inherited projects  by the past administration but has continued to fund all the projects as inherited.
 
11. To my brother  senator Kwankwaso, you owe our  president Tinubu an apology and a duty to withdraw your statement using the information I have provided herein for the benefit of Nigerians and the unity of the nation.
 
12 I request the good people of Nigeria to ignore  senator kwakwanso misleading statement and know that President Tinubu is fairly committed to developing every part of this country with fairness, equity and the fear of God
 
 
Sen. Engr. Nweze David Umahi, CON, FNSE, FNATE
Honourable Minister of Works

Jun
23
2022

FEC Approves Funds for The Revised Estimated Total Cost for The Rehabilitation of Yola-Hong-Mubi Road in Adamawa State and The Reimbursement of Funds Expended for The Construction of Federal Roads by The Yobe State Government The Federal Executive Council (FEC) presided over by President Muhammadu Buhari, GCFR, on Wednesday 22nd June 2022, approved the rehabilitation of the Yola-Hong-Mubi Road in Adamawa State, as well as the reimbursement of funds expended for the construction of Federal roads by the Yobe State Government. The council approved the revised estimated total cost for N29,826,449,000.00 thereby revising the initial contract from the original N21,841,578,000.00 to N51,668,027,000.00, and an additional period of Twenty-four (24) months for completion of the Yola – Hong – Mubi road in Adamawa State. In a similar development, Yobe State Government undertook the construction of five (5) Federal Roads: Rehabilitation/Construction of Kaliyari-Bayamari-Geidam, 109km road, Rehabilitation/Construction of Gashua-Yusufari 31km Road, Rehabilitation/Construction of Damaturu – Buni – Magza 77km Road, Rehabilitation/Construction of Nguru – Machina 57km road and Rehabilitation/Construction of Katarko Bridges (4 spans Bridge) to the tune of N20,942,211,672.25 being expenditure incurred for the rehabilitation of the five (5) projects. The Federal Executive Council, however, approved the total Sum of N18,663,843,119.39 following a thorough review and issuance of a certificate of no objection by the Bureau of Public Procurement (BPP). The Yola-Hong-Mubi Road connects Yola, the capital and administrative center of Adamawa State to Mubi town, enabling the movement of people and goods. Similarly, the roads constructed in Yobe state will go a long way to better the lives of the affected communities. The public will recall that on Wednesday 15th June 2022, the Federal Executive council had approved the award of contract for the rehabilitation of Kashimbila – Takum – Chanchanji road in Taraba state. These approvals are all aimed at facilitating the reconstruction of infrastructure in the North East areas of the country that were impacted by the Boko haram insurgency, and giving Nigerians a better lease of life. ...

Jun
21
2022

FG Commissions and Hands Over Isoko Ring Road The Federal Government has commissioned a number of road projects under its second phase of projects completion across the country   tagged “Season of Completion and Delivery of Projects” which include: the Efon -Alaaye -Erinmo –Iwaraja Road linking Ekiti and Osun States as well as Hadejia-Nguru –Gashua road linking Jigawa and Yobe States within the month of June 2022. The projects are expected to create easy transportation, ease of doing business and reduction in accident rate in the country. At the commissioning and handing over ceremony of   Isoko Ring Road II covering Aviara – Uzere in Oturu -Uzere Community, Isoko South Local Government Area of Delta State, President Muhammadu Buhari who was represented by the Minister of State for Labour and Employment, Barr. Festus Keyamo said, “Our commitment to improving the ease of doing business, create jobs and prosperity to lift people out of poverty brings us here today because the results of our investment are manifesting." President Buhari remarked, “I can confidently say that as we enter the final lap of the tenure of the Buhari administration we are also entering a season of completion and delivery of projects.” The Minister of Works and Housing, Mr. Babatunde Fashola, SAN who was represented by the Deputy Director Highways South-South Ministry of Works and Housing Engr. Peter Umoren said,” My principal message to you all is that this is the first of the second phase of projects completion and handovers our country will be witnessing as we progress further in this season of completion and impact which started in the last quarter of 2022." “In this second phase of completion Mr. President has also approved that Ministers from various states where projects have been completed should represent him to perform the handover formalities. These   projects represent major investments in road transport infrastructure, which is a commitment of the Buhari administration as a driver for economic growth and prosperity," he said. Earlier the  Permanent Secretary Federal Ministry of  Works and Housing, Mr.Bashir Nura Alkali who was represented by the Federal Controller of Works Delta State, Engr.Jimoh Olawole, said, ‘’ As part of President Muhammadu Buhari's development agenda of addressing road infrastructural development across the length and breadth of Nigeria , the Federal Government as a policy direction focused on the completion of several on-going projects to stimulate economic development, job creation and promoting local content. The focus is to link the major arterial roads to refineries, ports, tertiary institutions and high-volume commercial centres with a view to reducing travel times, vehicle maintenance costs, safety and security of commuters etc.” The Executive Governor of Delta State, Dr. Ifeanyi Okowa who was represented by the Delta State Commissioner for Works (Urban Roads and Highways), Engr. Omodon Noel remarked, " This event is important because this project underscores the need for strong collaboration between the Federal and State Government in the delivery of development projects. " He said, " At the peak of the raining season last year, a bridge on the Oleh - Uzere community, this Ring Road being commissioned today became the saving grace that provided access to the community." In his goodwill message, Comrade Ejoor Uweh representative of the President General of Uzere community expressed his gratitude by saying, "Special thanks to the President and all the people that contributed in one way or the other to facilitate the construction of the Isoko Ring Road to develop Isoko nation   to an enviable height." The Area Manager of Levant Construction Nigeria Limited, the contractors of the road project, Mr. Ghassan Fiadel said, " Federal Government has invested so much on roads, bridges and infrastructure across this country. This very road is helping a lot in helping people to transfer food, properties within the communities around." He said, “The payment is not delayed at all within the period we worked on the road. We thank the Federal Government and hope to get more jobs from the country." A former Nigerian Union of Journalists (NUJ) Secretary, Comrade Emmanuel Uzere who is an indigene of the community said, " With this road we now have the presence of Federal Government in our area. Before this project, agrarian activities in this area suffered a lot, and the road has impacted a lot on Uzere people for good." A farmer and  an artisan in the community Oghenerobor Ojo have this to say, " We are happy with this road. Before we couldn't get vehicles to convey us to Aviara from Uzere .We needed to trek for two hours but we are happy now we can move our farm produce from farm to different locations. Please , everyone should salute President Muhammadu Buhari for me. " A transporter in the locality, Aghraghra Francis expressed his joy with the project saying " My business as a transporter has improved because I no longer have issues with movement of goods and services due to impassable road." ...

Jun
19
2022

Roads: FG Commission's 33 Kilometre Road Section linking Jigawa - Yobe States It was celebration galore, over the weekend in Jigawa State when the Federal Government commissioned the completed phase 2 (Kirikasama-Nguru) of the Hadejia- Nguru-Gashua road linking Jigawa and Yobe States. The commissioning of the completed section took place over the weekend in Birniwa town, Birniwa local government headquarters in Jigawa State. The commissioning tagged ''Season of Completion and Delivery of Projects' was performed by President Muhammadu Buhari, represented by the Honourable Minister of Water Resources, Engr Suleiman Adamu, FNSE. In his address, the President said, “it is our commitment to improving road transport infrastructure. It is also our determination to improve the ease of doing business, create jobs, wealth and prosperity in order to lift citizens from poverty " President Buhari described the over 33 Kilometre Road, which links Hadejia-Kirikasama in Jigawa State as a very important road that connects agrarian and trading communities, which to a large extent will ease the movement of their farm produce . He said, the road became a critical component of national road network for linking communities together, pointing out that the travel time has now reduced with the completion of the road. Accordingly, the President called on all road users not to abuse the road, pointing out that forms of road abuses such as: overloading of vehicles and trucks accelerates pavement damage, also spilling of petroleum products dissolves all the road components and allows penetration of water, worst still, converting the road shoulders to permanent parking places results in quick  onset of road failure from the shoulder. The President pleaded with all road users to take responsibility and play their part in ensuring that  they avoid these unwholesome practices, and make every effort to report them when they occur and act in a lawful manner to stop them. " Now that we have this new and well-built road, we owe it as  duties to ourselves and to other road users to protect these facilities. One of those duties is to ensure that we drive in accordance with the law as stipulated in the Road Highway Code, " he said. In his remarks, the  Minister of Works and Housing, Babatunde Raji Fashola, said that the phase 2 (Kirikasama-Nguru) of the Hadeja-Nguru Federal road project was among the other projects lined up for commissioning in the second phase under the season of completion and impact which started in the last quarter of 2021 The Minister who was represented by the Zonal Director Highway (Construction & Rehabilitation) North West, Engr Wasiu Adetayo Taiwo said the projects represent major investment in road Transport infrastructure, which is a commitment of the Buhari led-administration as a driver for economic growth and prosperity. He described the projects as visible and incontrovertible Assets and as proof of what Nigeria’s resources are being invested into from a combination of earned resources and borrowings. Accordingly, Fashola listed the other roads lined up for commissioning across the geo-political zones to include: Isoko Ring Road (Section II) covering Aviara -Uzere in Delta State; Nguru-Gashua-Bayamari (section I, phase II) covering Nguru-Gashua in Yobe State; Lafia-Obi-Awe-Tunga Road in Nassarawa State, and Gombe -Numan-Yola Road (Phase II) covering Gombe- Kaltungo in Gombe- State. In a welcome address, the Permanent Secretary, Federal Ministry of Works and Housing, Bashir Nura Alkali, represented by the Federal Controller of Works in Jigawa State, Engr. Atewolora Oladele Gabriel, said the project was part of President Muhammadu Buhari’s developmental agenda of addressing road infrastructural development across the length and breadth of Nigeria He said " Federal Government has a policy direction which was focused on the completion of several on-going projects to stimulate economic development, job creation and promoting local content. The focus is to link the major arterial roads to Refineries, Ports, tertiary institutions and high volume commercial centres with a view to reducing travel times, cost of vehicle maintenance, safety and security of commuters, " Alkali disclosed that the Ministry has successfully completed several roads and maintained several bridges to ensure that road users have a rewarding road travel experience, adding that several roads and bridges are at various stages of completion. He listed among other projects: the 2nd Niger Bridge and its approaching  road, Dualization of Abuja-Kaduna-Kano, Loko-Oweto Bridge linking Nasarawa to Benue States, dualization of Enugu-Por-Harcourt Expressway, Bodo-Bonny Brigde, and Lagos-Ibadan Dualization projects. In his remark, Jigawa State Governor, Muhammadu Badaru Abubakar, expressed gratitude to the Federal Government for the numerous projects executed by the administration of President Muhamadu Buhari in Jigawa state. Governor Badaru was represented at the occasion by his deputy, Alhaji Umar Namadi . He stated that the road being commissioned today was a nightmare to the people before the intervention of the Buhari's administration, pointing out also the many other roads being constructed by the Federal Government in Jigawa State. " What do we have to say to Mr President. The many interventions by the Federal Government in Jigawa State has improved the lives of the people. Jigawa State is grateful for all the Interventions, including the Social Interventions, N Power, Trader Money etc " he said  The Governor also commended the Minister of Works and Housing, Babatunde Fashola for what he described as his commitment in making things happened for the visibility of the Buhari Administration, stating that the Interventions have improved the social lives and economic status of his people. House of Representatives Member representing Kirikasama/Birniwa/ Guri Federal Constituency, the location of the project, Hon. Dr. Abubakar Hassan Fulata , appreciated the Federal Government for the many laudable projects in Jigawa State. Dr. Fulata said " the road project being commissioned today had defied many administrations for almost four decades. The road project budget was alot of money without commensurate result. President Buhari has now completed the road within a reasonable time. We are grateful to Mr President. Jigawa State is grateful for benefiting from the Federal Government's projects" In a goodwill message, the Emir of Hadejia and Chairman Jigawa State Council of Traditional Rulers, His Royal Highness Alh. Adamu Abubakar Maje expressed delight witnessing the commissioning of the project in his Emirate The Emir who was represented by the Galadiman Hadejia, Alh. Usman Abdul'aziz, commended President Muhamadu Buhari for ensuring completion of the project which he described as critical and important to the economy of the society. He said the road was critical and has opened the Hadejia Emirate to Yobe State and by extension to Borno State, adding that other projects such as water project, tomatoes factory and siting of some higher Institutions in the stated were also commendable. "We all know the importance of roads to the economic and social existence of every community and every society. We are grateful for the infrastructural projects. Hadejia Emirate got a large share of it. We also wish and pray for more" he said. In his vote of thanks, the Project Contractor, Mothercat Limited, Fady Khoury Hanna, expressed gratitude to the Federal Government and to the Minister of Works and Housing, Babatunde Raji Fashola, for the ample opportunity given to them to handle the project. Fady appreciated Jigawa and Yobe States Government for their cooperation, hospitality and making them feel at home during the construction, assuring the Federal Government of their commitment to deliver quality work at any time in any project they undertook. Testimonies from the people of the community and road users were also full of commendation and appreciation. Mallam Ali Alaska, a transporter narrated how terrible and difficult the road was before the rehabilitation. He appreciated the Federal Government for the road project. He said that there was no doubt the contractor has done a good work and the travel time has drastically reduced.     ...

First First First

PUBLIC ANNOUNCEMENT


Jul
16
2024

 


OTHER NEWS

Aug
13
2018

Welcome Address By The Permanent Secretary, Ministry Of Works And Transport, Kebbi State On The Occasion Of  The 24th National Council On Works Meeting In Birnin-Kebbi, Kebbi State

On behalf of His Excellency, the Executive Governor, Senator Abubakar Atiku Bagudu, Matawalen Gwandu and hospitable people of Kebbi State, I humbly welcome here in Birnin-Kebbi, Kebbi State, “The Land of Equity”.

2. The theme of this year’s meeting is “Ensuring Value for Money in Nigerian Highways Development”, which literally means optimal use of resources to achieve the intended outcome.

3. A limited perception of the benefit derived from the huge investment in Highway projects, believes that, the ends will not justify the means, in terms of resources invested and the intended outcome.  However, a wider perception of it shows that the benefit involved is numerous, among which are the following:-

(i) highway projects enhance free movement of people, goods and services, thereby fostering economic, cultural, agricultural and political development;
(ii) Highway projects, link various communities, regions and nations, thereby enhancing regional and international relationship;
(iii) Highway projects, promote peaceful co-existence between various communities, thereby enhancing social development.
This is to mention just a few.

4. The theme seeks for the use of technical knowledge and methods to achieve qualitative works on all Highway projects, ensuring value for money.

5. At this juncture, I would like to commend His Excellency, the Executive Governor of Kebbi State, Senator Abubakar Atiku Bagudu for hosting this important meeting for the first time in the history of the state.

6. The Honourable Minister of Power, Works and Housing, His Excellency, Babatunde Raji Fashola, SAN, also needs to be commended for approving the hosting right to Kebbi State.

7. The Organizing Committee of Federal Ministry of Power, Works and Housing will also not be left behind in the commendation for selecting a theme that encompasses all spheres of life, as no matter how small a business may be, one needs value for his investment.

8. As for the delegates, I wish you an interesting and fruitful deliberations and also call upon you to feel free and visit historic places in Kebbi State, being a home to two famous international festivals of fishing in Argungu and Uhola in Zuru.

9. Once again, I welcome you all to the 24th Meeting of National Council on Works.
GOD Bless Kebbi State
GOD bless Nigeria.

THANK YOU

Speeches

Sep
25
2016

Keynote Address Presented At The 32nd Annual Conference And General Meeting Of The African Union For Housing Finance (AUHF)

Theme: Housing and Africa’s Growth Agenda at PDTF Centre, Central Business District, Abuja, 14th -16th September, 2016. By The Honourable Minister of Power, Works & Housing; Babatunde  Raji  Fashola, SAN.

Protocols

I am delighted to address you on the occasion of this 2016 Annual Conference and General Meeting of the African Union for Housing Finance (AUHF) holding in Abuja, Nigeria. The political will and momentum of the present administration in her housing sector agenda are further invigorated by this conference taking place few months after the June 2016 National Housing Summit. You will recall that the outcome of the recent National Housing Summit identified Housing Finance as one of the major pillars necessary for realizing Affordable housing delivery in Nigeria apart from others like Land, Concessions/incentives, Off-taker Strategy and General Skills Acquisition. It is indeed, heartwarming and reassuring to note that AUHF is an association of Mortgage Banks, Building Societies, Housing Corporations and other organizations involved in mobilizing funds for housing on the African continent. Also that the goals of AUHF includes promoting and facilitating housing finance and unlocking its multiplier effects on National economies, hence leading to Africa’s economic growth. I understand that the Conference attracts stakeholders from across the African Continent, all with the purpose of advancing investment in affordable housing.

2. Let me begin by thanking the Nigerian Mortgage Refinance Company (NMRC) and other partners for hosting this important conference. The hosting of AUHF 2016 conference in Nigeria could not have come at a more auspicious time than now that Nigeria needs aggressive unleashing of new housing finance investments and opportunities. I will also like to thank all the stakeholders and experts from Africa and around the world for coming together to proffer solutions to the age long challenge of providing housing finance for Africans, especially Nigerians that are facing harsh economic challenges.

3. Housing, we know is critical to every human development and fundamental right of every citizen. Therefore, Housing is central to this Administration’s policy thrust. However, housing a population of over 180 million is an arduous task that cannot be left for Federal Government alone, especially now that the Government’s revenue and the economy is  under pressure.  The fund to support the construction and mortgages for the end-users is a big challenge for the government. The production cost versus the selling price of the present housing stock is beyond the reach of majority of Nigerians.  Demand for affordable housing has grown over the years as a result of population explosion, rural-urban drift and search for higher quality of life. This demand has rapidly overwhelmed the supply capacity of existing Government resources. Many years of inadequate investment and poor maintenance culture have left Nigeria with a significant housing deficit which is slowing down the country’s development and economic growth and will clearly require close collaboration from stakeholders like the AUHF. The above demanding task is the mandate of my Ministry, Federal Ministry of Power, Works and Housing. Therefore, all stakeholders especially the Private sector and AUHF must play major role in this process of creating innovative housing finance in Nigeria.

4. Every Nigerian’s dream is to have a roof over their head! Hence, for an average Nigerian "owning a house" is a mark of economic success and security.  Housing is also believed to be a long term investment that protects that investment against high inflation and the unpredictable economic down turn. Therefore, provision of housing is a major tool to reduce corruption. Why is it so difficult for the average Nigerian to realize this dream? Lack of Housing Finance in the public and corporate institutions and double digit housing loans are the major culprits while others include land for housing, population explosion, high cost of building materials, inflation that brings about unemployment and decreased purchasing power of the low and medium income earners.

5. The major housing Finance trends and developments in the Nigerian market can be summarized by tracing the historical tendency of the influence of the financial sector in the housing industry. In 1956, a Secondary Mortgage Institution called Nigerian Building Society (NBS) assumed the role of the main conduit for housing finance delivery. NBS was a British and Nigeria partnership arrangement. Nigeria’s housing finance development can be classified under major political periods, namely pre-independence (1914-1960), post-independence (1960-1979) and a second and subsequent civilian administrations (1979 to date). However, the mortgage institutions decree No. 53 of 1989 led to the establishment of the following; Primary Mortgage Institutions (PMI) as mortgage savings for on-lending property development and mortgage creation. And, the Secondary mortgage institution, the Federal Mortgage Bank of Nigeria (FMBN), to function as the Apex mortgage institution for regulation.  While the National Housing Policy of 1991 was a bold step by the Federal Government of Nigeria to address the challenge of lack of finance for housing development and mortgage.  The National Housing Fund (Act. No. 3) of 1992 is a collating reservoir of long term funds in terms of monthly contributions from workers in the public and private sectors. Unfortunately, most Nigerians see mortgage loans from Government as part of their share of the "national cake" leading to high default rates. This has forced the Government to encourage prospective home owners to approach commercial banks who regrettably have high interest rates.  Thus, the Government who is supposed to be a major player in the provision of homes is now seemingly not on the frontline. The Government established the Nigerian Mortgage Refinancing Company (NMRC) to help in reducing the cost of mortgage loan by improving market efficiency.

6. From the inception of Government initiative in organized housing finance system to date, only a meager sum have so far been injected to the system. This accounts for less than 0.5% of the Gross Domestic Product (GDP) as compared to other climes (like United Kingdom, South Africa etc) due to the inability of financial systems in providing low cost finance that meets the need of low and medium income earners. Therefore, the Secondary Mortgage institution (FMBN) should be strengthened by ensuring full compliance with the National Housing Funds (NHF) Act by affected stakeholders, like the Central Bank, commercial banks, insurance companies, Mutual and Trust Fund administrators.  However, I am happy to note that with the greater participation of the private sector in housing and embracing the new initiatives of this Administration, the journey to sustainable housing delivery is on course.

7. Ladies and Gentlemen, it may interest you to note that the current Administration has taken cognizance of the housing sector as an important area requiring priority attention for reinvigoration and revitalization. This accounts for the appreciable budgetary allocation to the sector in the current annual estimate. This vision is increasingly being energized by the Federal Ministry of Power, Works and Housing. Only recently, the Ministry organized a National Housing Summit, where stakeholders met and examined the numerous constraints militating against the provision of affordable housing in Nigeria and proffered a clear, sustainable and strategic blueprint to mitigate same. Identified as a critical factor in the provision of affordable housing was lack of access to construction finance by developers including high risk in current mortgage finance structure which does not support the buying-off of houses to enable developers recoup their investments on time. The Summit resolved that there was need for necessary machinery to be put in place to promote appropriate construction finance schemes. AUHF members are hereby challenged in this regard. In the summit also, various definitions of affordable housing were adduced. However, the consensus from these definitions revealed that there is no one-size-fit all definition for Affordable Housing. The indices that should be used for defining Affordable Housing would include Segregation, Stratification, Classes of people and their income bracket, not more than one-third net household income of the target group and equity contribution of end-users.

8. I am happy to note that despite the challenges that housing delivery has encountered in the country over the years, the renewed vigor and policy re-orientation of this Administration have set the agenda for Housing revolution. In this regard, the Ministry has produced six (6) designs of one bedroom, two-bedroom, three-bedroom flats, bungalows and condominiums that will represent the Nigerian House which responds to our cultural diversity. Another key area of achievement is the pursuit and promotion of local content and standardization of building components such as doors, windows, tiles, roof boards and other accessories to be produced by local manufacturers as part of our support for local industries SMEs and in pursuit of diversification and job creation. Effort is already being made to embrace and deploy modern technology to mass production of housing in all the States of the Federation and FCT using the Traditional procurement platform and the Contractor Finance Initiative model, to reduce the housing deficit.

9. To make the Housing Sector attractive, viable and stimulate growth, the present Administration plans to de-risk lending to approved Housing Developers. This will entail the government providing guarantees and other credit enhancement to developers. Government therefore plans to issue promissory notes to reduce Developers financing requirements. Government recognizes that provision of leverage and guarantees are critical in attracting private sector funds into the industry thereby creating thousands of affordable houses each year as well as generate considerable employment and commercial activities. These are some of the far reaching contribution of the Finance Minister during the Housing Summit.

10. Ladies and Gentlemen, I wish to state here that much discussion has been held on the housing deficit. There is therefore need to change the story to begin to discuss the housing opportunities. Regardless of issues facing the sector, real estate projects are increasingly being launched and completed in Nigeria. With the present Administration’s many incentives, new investors are expected in the market to continue to deliver positive results.

11. It is on this note that I call on all stakeholders, especially members of the African Union for Housing Finance here present to join hands with the Federal Government towards the realization of its objectives in providing affordable housing to the people. As agent of change, members are enjoined to borrow a leaf from Nigeria and influence their respect home governments to domesticate or localize their housing options to reflect the peculiarities and expectations of the people as well as provide the private sector the needed impetus to invest in the sector.

12. Finally, I wish to state that though the challenges to the sector are real and obvious, we are convinced that with the renewed commitment of this Administration, coupled with strengthened collaborations with all stakeholders in the industry, the desired revolution in the housing sector will be achieved in not too distant future.

13. I wish you all very engaging and thoughtful deliberations and thank you for listening.

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