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High costs of building materials, threat to Real Estate Sector: Expert

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  • Urges sustainable practices to ease burden on tenants

Stephen Olufemi Oni, Ilorin

A Real Estate expert, Olumofe Dele Oluwole, has lamented the negative impact of high costs of building materials on the real estate sector in Nigeria.

According to him, factors such as inflation, currency devaluation, import restrictions, and supply chain disruptions, among others, contribute in no small measure to escalation of costs, making the industry to be vulnerable to challenges that are translating into increased rental values and reduced affordability for many Nigerians.

He said: “The volatile inflation rate and weakening naira make it difficult for developers to import materials at reasonable prices. The global supply chain disruptions brought about by the COVID-19 pandemic have also exacerbated the situation, affecting the availability and cost of building materials in the country.

“Additionally, government policies like import tariffs and high energy costs further drive up production and transportation expenses for materials used in construction projects.”

The repercussions of these high building material costs, he said, are far-reaching as tenants are the people bearing the brunt of increased rental values because developers pass on the elevated construction costs, adding that this, in turn, makes housing less affordable for many Nigerians. Consequently , he added, all these result in aggravating the housing deficit and impacting economic growth by reducing disposable income and increasing the cost of living.

To address these challenges, Oluwole recommended several mitigating strategies, saying “adopting sustainable building practices can significantly reduce construction costs, as well as exploring alternative building materials and increasing efficiency in construction processes.

He added: “Governments can also play a crucial role by offering incentives such as tax breaks or subsidies to developers who undertake affordable housing initiatives.

“The real estate sector in Nigeria is facing a significant hurdle in the form of high building material costs. To overcome this obstacle, collective efforts involving government support, sustainable building practices, adoption of alternative materials, and increased efficiency in construction processes is necessary.

“By implementing these recommendations, the industry can mitigate the impact of escalating costs and work towards providing affordable housing solutions for all Nigerians.”

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Kwara: Ifelodun Travellers Transport System Revived

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  • As Council Signs MoU With P&A Contract Ltd

Stephen Olufemi Oni, Ilorin

The Ifelodun local Government, under the leadership of Hadji Abdulrasheed Femi Yusuf, has signed a Memorandum of Understanding (MoU) with P & A Contract Limited for the construction of a modern motor park in Amoyo, as the Council moves to revive the Ifelodun Travellers transport system and improve transportation within the Local Government.

Speaking during the MoU signing ceremony at the Council s Contact Office in Amoyo, the Chairman explained that the decision to construct the motor park was driven by the need for Ifelodun Local Government to establish its own transport identity, intended to ease people’s transportation problem.

He recalled that residents travelling to and from Ifelodun had, over the years, relied on transport facilities at Offa Garage and Maraba in Ilorin, stressing the need to create a dedicated transport hub that would serve the people of the Local Government.

“At some point in the history of Ifelodun Local Government, we had Ifelodun Travellers, which does not exist anymore. I don’t think there is anything wrong with bringing that identity back to the limelight. Now, we want to add value to that identity,” the Chairman said.

He added that the Council was also working with relevant stakeholders to bring in 10 units of Korope buses, which would commence operations as soon as possible.

“We are working with the NURTW, Kwara State Chapter, for guidance and to ensure that the operation runs smoothly,” he added.

The Supervisory Councillor for Works and Infrastructure Development, Mrs. Kolo Rebecca, explained that the proposed park would feature several amenities, including a garage, warehouse, 100-unit shopping complex, parking spaces and general toilets.

She said the facilities were designed to boost economic activities, improve the image of the Local Government and provide a more convenient transportation system for residents.

According to her, the initiative is also in line with the efforts of the Kwara State Governor, Mallam AbdulRahman AbdulRazaq, to take governance and development directly to the grassroots.

The contractor, Mallam Jimoh Toheeb Abolore, assured the Local Government of the prompt execution of the project, promising that the construction would meet the required standards and contribute positively to the image and development of Ifelodun Local Government.

Those in attendance included the Vice Chairman, Hon. Nike Ajibola; Secretary to the Local Government, Dr. Kamil Akorede; DPM, Mallam Ayinde Salman; LGT, Mallam Usman Waheed; Chief of Staff to the Chairman, Chief Ademola Zubair; Head of Works, Engr. Awodi Muhammad; Land officer, Tola Kadir and other Special Assistants.

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Lawyer Demands Release of Detained Kano Blogger, Maryam Shehu

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By Hassan Agboola

A lawyer and human rights activist, Hamza Nuhu Dantani, has called for the immediate release of Kano-based blogger, Maryam Shehu, who he said has been in the custody of the Economic and Financial Crimes Commission (EFCC) for almost 30 days.

Dantani, in a statement on Monday, said the prolonged detention of Shehu was becoming difficult to reconcile with the rule of law and provisions of the 1999 Constitution, particularly her fundamental right to personal liberty.
He questioned why Shehu should remain in detention for nearly 30 days, particularly over an offence he described as ordinarily bailable.

“How on earth can a person be detained for almost 30 days and counting, particularly in relation to an offence that is ordinarily bailable, without meaningful consideration of her liberty and constitutional rights?” he asked.
Dantani said the EFCC’s powers to investigate did not give the commission the right to detain a suspect indefinitely, punish her before trial or disregard her fundamental rights.

He also criticised the alleged practice of photographing persons in EFCC custody and publishing their images online while they remain presumed innocent.
Citing Section 36(5) of the Constitution, Dantani said the law guarantees the presumption of innocence until a suspect is proven guilty by a competent court.

He warned that publicly portraying suspects as criminals before trial could amount to subjecting them to public punishment and humiliation.
“The EFCC is a law-enforcement institution. It must therefore be the first institution to demonstrate obedience to law. It cannot demand respect for law from citizens while appearing to disregard constitutional safeguards itself,” he said.

Dantani urged the commission to either charge Shehu before a competent court if it has credible evidence against her or release her immediately
.
“We call on EFCC to respect the Constitution, respect presumption of innocence and respect fundamental right to personal liberty. Investigation is not conviction. Detention is not punishment. And an allegation is not guilt,” he said.

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Cristiano Ronaldo’s Comment on Lionel Messi’s Tribute to His Dad Becomes Most-Liked Instagram Comment

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By Fabian Apechihin

Cristiano Ronaldo’s heartfelt message to Lionel Messi following the death of his father, Jorge Messi, has reportedly become the most-liked comment in Instagram history.

Jorge Messi died on August 7 in Rosario, Argentina, aged 68. Five days later, Messi paid tribute to his late father in an emotional Instagram post featuring a photo of the pair.

In the post, Messi wrote, “Te amo, pa” — meaning “I love you, Dad” — alongside a lengthy tribute reflecting on his father’s influence and the pain of losing him.

Among the many reactions from fans, celebrities and fellow footballers was a message from Ronaldo.

“Un abrazo enorme para ti y los tuyos en estos duros momentos, Leo. Mucha fuerza,” Ronaldo wrote, which translates to: “A huge hug to you and yours in these tough times, Leo. Much strength.”

Ronaldo’s comment reportedly attracted more than 6.86 million likes and over 86,000 comments, making it the most-liked comment on Instagram.

The previous record was also held by Ronaldo, whose comment on Kylian Mbappé’s announcement of his move to Real Madrid reportedly received more than five million likes.

Other football stars also expressed their condolences to Messi. Neymar Jr.’s message, translated as “Much strength for you and your family. Big hug,” reportedly received more than 1.6 million likes, while David Beckham’s comment expressing support for Messi and his family attracted more than 300,000 likes.

In his tribute, Messi described his father’s death as difficult to comprehend, saying he struggled to accept that he would no longer see or speak with him.

Messi also recalled how his father had encouraged him to play at the 2026 World Cup despite his deteriorating health. He said his father had hoped to watch him compete and had planned to travel if his condition improved.

According to Messi, he had promised his father that Argentina would reach the final so he could be there. Although Argentina reached the final, his father was unable to attend.

Reflecting on the loss, Messi said he had wanted to win the tournament and bring the trophy to his father but ultimately struggled physically during the competition.

The emotional tribute highlighted the close bond between Messi and his father and the profound impact of his loss on the football superstar.

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