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14 January, 2019

Mambila Power Project : The Fictional Allegations Of Leno Adesanya  Contradict Logic

The attention of the Hon. Minister of Power, Works and Housing, Mr Babatunde Fashola SAN has been drawn to the spurious and unfounded allegations of Leno Adesanya with regards to the ongoing Mambilla Power Project.

It has therefore become necessary to debunk the lies and resist the unjustified and malicious attack on the person of the Hon. Minister, Mr Babatunde Fashola SAN and save the innocent members of the public from the rather misleading and offensive publication widely circulating in various media platforms, authored and sponsored by Mr Adesanya  in order to damage good name and  reputation of the Minister to  claim   undue  credit and attract unwarranted   attention  and  sympathy.

Nothing is more further away from the truth than the claim that the loan negotiations have stalled since 2017 because of an attempt to utilize $600 Million (equivalent of N219 Billion) from the 3,050MW hydropower project for a “pet project” not hitherto considered by the Federal Executive Council.

There is currently no budgetary provision or cash provision of $600 million or the N219 Billion in any budget of the Federal Government for the Mambila Project.

Therefore you cannot attempt to divert what does not exist.

For the avoidance of doubt, the China Exim Bank disburse money to specific projects and on conclusion of negotiations, the loan will be devoted to the construction of the Mambila Power Project, which has been on the drawing board for close to 40 years before the advent of the Buhari administration which is now working assiduously to get the project off the ground.

The latest publication of fictional claims by Mr. Leno Adesanya in a national daily and the social media is the desperate attempt by him and his political sympathisers to destabilize a project that they could not bring to fruition.

The antics of Leno Adesanya and his ilk would readily explain why the project has taken so many years without lift-off.

Since Mr. Adesanya has chosen to go to court, he would be required to prove his baseless allegation in court.

The Federal Executive Council which is the highest decision making organ of the Executive Arm of Government never awarded a contract for the project to Mr Adesanya.

The allegation with regard to stalling the Mambilla project is  untrue , baseless and a figment of Adesanya's imagination .  The events and relevant facts will show that because Mr. Fashola first presented a memo on the Mambilla Power Project to the Federal Executive Council in August 2017; which was the first ever Federal Executive Council approval given to the Mambilla project in favour of a Chinese Joint venture.

The Minister has also accompanied the President twice to China on trips that had the project as one of the headline agenda.

The Hon. Minister in June 2018 attended, alongside officials of the Ministry of Finance, a meeting of the China Exim Bank to negotiate the terms of the loan for the project further.

And only this week, after the Federal Executive Council meeting, he briefed Nigerians about the approval of contracts for surveyors to demarcate the areas for the project.

These are the first contracts to start preparatory work on the project after 40 years delay.

These actions are not consistent with delay falsely being alleged against the Minister by Mr Adesanya.

Indeed, available evidence does not support the claims of Leno Adesanya and well-meaning Nigerians will be well advised to ignore him.

We hereby state, that no amount of negative effort to distract, intimidate or threaten the Hon. Minister in the performance of his duties in line with the pledge of the present Government to the Nigerian people on the provision of adequate infrastructure in all relevant sectors of the economy will succeed.

Fashola Eulogizes Colleague For Outstanding Performance The Honourable Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN, on behalf of the management and staff of the ministry has congratulated the newly appointed Minister of Environment, Surv. Suleiman Hassan Zarma, mnis, who until his appointment by Mr President, was the Minister of State II for Power, Works and Housing. Fashola eulogized the outgoing Minister of State II for his outstanding performance and display of discretion at which he carried out tasks and assignments within the shortest period he served in the Ministry. In his farewell statement, Fashola said ‘you have done very well here and we wish you very well for what you are going to do in the Ministry of Environment, we will miss you dearly, even though you are leaving us in the ministry, we will not leave you alone.’’ He added that the Minister will still be relevant to the Ministry because in building roads, power and housing projects; it will require environmental impact assessment studies, survey planning and social settlements plans. The Minister stated this at the valedictory session held in honour of Surv. Suleiman Hassan Zarma, who is now a substantive Minister to the Ministry of Environment following his pronouncement and appointment by President Muhammadu Buhari. Fashola noted Mr President’s commitment to the cleaning up of the oil spillage in Ogoni Land for the benefit of the people in that region and the country at large and therefore solicited the cooperation of the Ministry of Environment and the newly appointed Minister to achieve this huge project. Earlier, the Permanent Secretary, Works and Housing sector, Mohammed Bukar and his counterpart in the Power Sector, Engr. Louis Edozien noted that Surv. Zarma was an embodiment of managerial competence, hardwork and a model to be emulated, adding that his adaptation to work since assumption of duty is amazing and marked with outstanding achievements. There were good will messages from Directors and Top Management team, attesting and eulogizing the former Minister of State II for his brilliant contributions to the ministry and the nation at large. In his response, Zarma appreciated the Honorable Minister, Permanent Secretaries, Directors of the Ministry and other Top Management for their kind words. According to him, ‘’I have benefited so much from the wealth of experience from Mr Fashola throughout my stay at the ministry,’’ adding that the knowledge and experienced gained in the ministry will certainly assist him in his new assignment to bring about the desired impact. He also thanked the Permanent Secretaries and Directors of the ministry for their loyalty and unwavering support shown to him and prayed for God’s guidance in the discharge of duties in everyone’s various fields of endeavor. The Minister is expected to resume work at the Ministry of Environment with immediate effect.
21 December, 2018
Fashola Reiterates FG’s Commitment To Infrastructural Development The Honorable Minister of Power, Works and Housing, Babatunde Raji Fashola SAN has reiterated the commitment of President Mohammadu Buhari’s Administration to providing basic infrastructure needed for the overall development of the entire nation. Fashola disclosed this Yesterday in his Mabushi Office when he received in audience the Executive Governor of Osun State, His Excellency, Adegboyega Oyetola who paid him a courtesy call. He described Adeboyega Oyetola as a brother and friend whom he shared common ideas with, adding that they never knew that divine providence would have them in exalted positions as Governor and minister respectively While congratulating him for his emergence as the Governor of Osun State, he wished him the very best in Office as Adegboyega enunciates his various programmes to develop Osun State. He also assured him of his readiness to assist the Governor when called upon. Earlier, the Governor disclosed that the purpose of his visit was to plead for the refund on the Federal roads his state has rehabilitated on behalf of the Federal Government. He specifically solicited for the speedy completion of the Iwo –Oshogbo road, the Oshogbo-Ilogbo-Ogbomosho road and the Oshogbo-Ilesha road which are under construction but becoming impassable, stressing that the present condition of the roads has paralysed the economic activities in the state. He further requested for the rehabilitation and upgrading of Dams in the state in order to generate power. He called for the Ministry’s support in Rural Electrification and completion of the construction of Primary Health Centres within the State. The programme was attended by the Permanent Secretary, Federal Ministry of Power, Works and Housing (Works and Housing Sector),Mohammed Bukar and his counterpart in Power and Housing Sector Engr. Louis Edozie, Directors of the Ministry and it’s Agencies.
18 December, 2018
Infrastructure: Buhari Creating Wealth, Securing The Future, Building Foundation For Employment, Prosperity – Fashola * As Minister inspects the Loko  Oweto Bridge, connecting Road amidst praises from beneficiary communities * Says project is uniting people, Loko-Oweto  farming communities, Traditional Rulers, the country * Describes Infrastructure as most dependable fortress against tomorrows bad weather The Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, has described infrastructure as the foundation for national prosperity and unity saying it is the most dependable fortress against tomorrow’s bad weather, bringing people together and laying the foundation for job creation, economic growth and agricultural development among others. Fashola, who spoke at the Loko-Oweto Bridge and road project site while on the inspection of the project, said by investing in infrastructure renewal, President Buhari was creating wealth and securing the future of Nigeria as well as building a solid foundation for employment and for prosperity. The Minister, who had earlier inspected projects in Anambra and Benue States,  told the large and excited gathering of the Loko and Oweto Communities, including Traditional Rulers, who gathered at the project site as early as 8.00 a.m. to receive him, “President Buhari has demonstrated commitment to infrastructure renewal, building roads and bridges like the Loko-Oweto Bridge, the Loko – Oweto Road, the Enugu-Otukpo Road, the Township Road in Otukpo, the Second Niger Bridge, the Federal Secretariat in Awka. That is the foundation for prosperity”. “Infrastructure built the American Nation out of the Great Depression and Recession; whether it is the Second World War or Marshal Plan in Europe; whether it is the ascent of the Chinese Empire today, the backbone is infrastructure-Road and Rail and Airports. It was after that they could host the Beijing Olympics to show off what they had built”, the Minister said. Reiterating that infrastructure is the foundation of unity, Fashola declared, “It is an unfailing foundation. It is the most dependable fortress against tomorrow’s bad weather, tomorrow’s oil prices going back and forth. Once you invest in what President Buhari is doing, that is what creates wealth, that is what secures the future; that is the foundation for wealth, for employment, for prosperity”. The Minister thanked the contractors, Messrs Reynolds Construction Company (RCC), and Federal Controllers of Works for Benue, Engr.  Celestine Shausu and Nasarawa State, Engr. Wasiu Adetayo Taiwo  as well as the Director North Central, Engr. Dayyabu Mamman for their untiring work in helping to rebuild the country adding, “Work continues here. If you hear those (politically opposed) people tell you that the country is divided tell them they divided it. If they had built this road, there would have been unity”. “This road unites two traditional rulers-the Ada Agatu (of the Agatu Community of Oweto in Benue State)  and the Mai Loko (of the Loko Community in Nasarawa State) . It is uniting farmers; so infrastructure is the basis for national unity. It brings people together, it brings prosperity, it is the foundation for jobs, it is the foundation for Agriculture, it is the foundation for industry and this is what President Buhari is committed to. Very soon and very soon this road and this bridge will connect and unite Nigerians forever irrevocably”, he said. Earlier, while welcoming the Minister to the site, the Federal Controller of Works, Nasarawa State, Engr.  Wasiu Adetayo Taiwo explained that the Loko-Oweto Bridge connects Nasarawa State at Loko with Benue State at Oweto adding that the Bridge has reached 91 per cent completion; the main bridge is 1.835 kilometre length while the smaller bridge is 220 metres bringing the total length to 2.055 km. He said the contractor has been doing a good job on the project pointing out that the Loko bound (Eastern) portion of the bridge had been completed including the parapet walls and the walkways and other accessories while the Oweto (Western) portion has just about three pier axis to be connected to round off work on it. According to him, the two smaller bridges had been completed structurally leaving only the connecting roads from Oweto and to link it to the Loko Road coming from the other side. He said the road, when completed, would reduce travel time to the South Eastern part of the country by not less than two hours adding that it would be the best road linking the South Eastern borders with people of the Northern Central and the entire Northern zone. “It will also increase agricultural produce and, as you know, the people of this area are agrarian. So it is going to be a very big achievement for the Federal Government and the Loko and Oweto people”, the Controller said adding that trade would be enhanced especially in agricultural produce as traders across the country would have reduced travel time and better travel experience connecting the communities to purchase the commodities. Other community leaders who spoke at the brief but impressive briefing of the Minister of Power, Works and Housing and his Agriculture and Rural Development counterpart, Chief Audu Ogbe, were the Traditional Ruler of Loko, Mai Loko Abubakar Ahmed Sabo, the Chairman of Oweto Community, Mrs. Achoda Comfort  Alhassan and the President, Oweto Farmers, Ada Agatu Chief Godwin Onah all of whom testified that the project has impacted positively on the two communities and commended the Buhari administration’s resolve to complete the Bridge. The contract for the construction of Loko-Oweto Bridge was awarded to R.C.C. Nigeria Limited on November 2, 2011 with an initial completion period of 48 months but take off was delayed by issues bordering on change of project alignment which affected the original design. The change in alignment/design was aimed at relocating the bridge closer to Loko-Oweto communities with the attendant economic benefits, reduce length of approach roads from 22.4 kilometres to about 6 km and its diversion from swampy terrain, reduce proximity to Guto-Bagana Bridge and increase the original bridge height necessitated by the impact of the 2012 nationwide severe flooding during the rainy season of that year which presented a new High Water Level. Aside the bridge construction, the works also include the construction of 3,850 metre-long approach road at Loko end, 3,090 metre-long approach road at Oweto end, and 550 metre-long road linking the two bridges at the Island separating the Southern and Northern bridges. The overall progress is 91per cent.
17 December, 2018
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PUBLIC ANNOUNCEMENT
5 October, 2018

APC CONVENTION SATURDAY, 6TH OCTORBER, 2018

This is to inform FCT Residents, Visitors and Motorists that due to the National Convention of the All Progressives Congress, APC slated for Saturday, 6th October 2018 at the Eagle Square, Abuja, an unusual influx of human and vehicular traffic will be experienced within the city with the attendant traffic congestion in and around the venue of the convention.

To this effect all vehicular movement through Shehu Shagari Way from the early hours of Saturday, 6th October, 2018 to Sunday, 7th October  will be diverted at Ralph Sodeinde Street by Bullet Building to link Central Business District. Motorists will also be diverted at Kur Mohammed Street and Constitution Avenue at Bayelsa House to Central Business District.

Traffic on Ahmadu Bello Way will equally be diverted at Ralph Sodeinde Street by Finance Junction to Central Business District. Motorists will also be diverted at Kur Mohammed Street or Constitution Avenue by Benue Building to link Central Business District.

The Federal Capital Territory Administration have mobilized Officers of the Police, FRSC, FCT Directorate of Road Traffic Service and other relevant Traffic Enforcement Agencies to various flash points to ensure seamless traffic flow.

Parking has been made available at the National Stadium for ALL Delegates coming from outside Abuja from where they will be conveyed to the venue by dedicated Buses.

In the same vein, ALL Delegates from within the FCT should converge at the Old Parade Ground  from where they will be conveyed to the venue.

Please note that parking around the Eagle Square and its environs will not be tolerated as offending vehicles will be removed.

The understanding of the public is hereby solicited

Secretary, Transportation Secretariat
Federal Capital Territory

OTHER NEWS
15 January, 2019

Hon. Mustapha Shehuri Warns Contractors Against Delay in Project Delivery

The Minister of State for Power, Works and Housing, Hon. Mustapha Baba Shehuri has warned the contractor handling rehabilitation works on Yola - Hong - Mubi road against delay in the delivery of the project.

2. Hon. Baba Shehuri gave the warning on Saturday, while on an inspection tour of Federal Government's ongoing road projects in Adamawa State.
He expressed dismay over the slow pace of work by the contractor, Messrs AG Vision (Nigeria) Limited. Baba Shehuri described the road as a vital artery to the socio-economic development of area, the entire State and beyond, hence the need for urgency in its delivery.

3. The contract, which commenced in May, 2017 with a 24 - month completion period, is presently at a dismal 15.10% completion, which the Minister described as unacceptable. 

4. According to the Contractor, the major cause for the delay is insecurity  occasioned by activities of Boko Haram Insurgents in the area and inadequate funding. Hon. Baba Shehuri, who did not hide his displeasure with the Contractor, agreed that though the project was facing some security and funding challenges, he reminded him of the Federal Government's commitment to ensuring security of lives and properties, while the Ministry is making frantic efforts to ensure that  certificates are being paid. 

5. The Minister urged the Contractor to expedite action on the project by improving on its capacities, stressing that the project is already running out of time. While also commending the communities along the corridor and road users alike for their cooperation and understanding, he reiterated the resolve of the President Muhammadu Buhari's Administration towards the provision of critical infrastructure.

6. In his briefing on the project earlier, the Federal Controller of Works, Adamawa State, Engr. Salihu Abubakar revealed that the  contract sum is N21.8 billion, the Contractor fully mobilised to site in 2017 and presently has a total of N6.3 billion unpaid certificates.

7. In the same vein, Hon. Baba Shehuri has summoned the Contractor handling the rehabilitation of Mararrabar Mubi - Michika - Madagali road, Messrs Rhas (Nigeria) Limited to his Office for apathy to work. The Minister, who was visibly livid with anger, expressed his dissatisfaction with the Contractor for abandoning the project despite being fully mobilised. He added that  based on the tempo of work on the site, the fate of this all - important project is already jeopardised.

8. The Minister also used the opportunity to express misgivings over claims by the Contractor that the project was initially delayed due to non - availability of working drawings.

9. According to the Federal Controller, the 90 - kilometre road with 3 bridges, which were distroyed by Boko Haram Insurgents in 2014, has a completion period of 18 months, which had already elapsed and the project at a mere 1.7% completion.

10. However, the case of the Contractor handling the rehabilitation of Cham - Numan road project in Gombe and Adamawa States is different, as the Minister was highly impressed with the level of  work achieved thus far.  Eventhough the Minister  applauded the pace of project, he still urged for increased tempo, while assuring the prompt release of funds to meet the project's timeline.

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Speeches
26 September, 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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Photo News
30 December, 2018

FASHOLA DELIVERS KEYNOTE ADDRESS AT THE ETOMI LEADERSHIP CONFERENCE 2018

Hon Minister of Power Works Housing and Keynote Speaker Mr Babatunde Fashola SAN right Principal Partner GEPLAW Mr George Etomi midle shortly after the Etomi Leadership Conference 2018 with the theme If Not Us Who If Not Now When at the Grand Junction Room Landmark Towers Water Corporation Rd Victoria Island Lagos on Friday 28th December 2018

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Power News
Photo News
18 December, 2018

FASHOLA RECEIVES GOVERNOR STATE OF OSUN MR ISIAKA GBOYEGA OYETOLA ON COURTESY VISIT IN ABUJA

Hon Minister of Power Works Housing Mr Babatunde Fashola SAN right Permanent Secretary Power Engr Louis Edozien left and Governor State of Osun Mr Isiaka Gboyega Oyetola middle in a group photograph shortly after a meeting on State of Osun s infrastructural development at the Ministry of Power Works and Housing Headquarters Mabushi Abuja on Monday 17th December 2018

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