ED-EL-KIBR: GWARZO URGES PILGRIMS TO PRAY FOR NIGERIA, PRESIDENT TINUBU   The Honourable Minister of State for Housing and Urban Development, Abdullahi Tijjani Gwarzo, has called on Nigerians' pilgrims in Saudi Arabia to pray for the Country and success of  President Bola Ahmad Tinubu's led administration.   The Minister made the appeal in his Ed-el-kibr sallah message to Nigerians. He congratulated all Muslim ummah on the occasion of this year's Ed-el-kibr celebration while expressed confidence that President Bola Ahmad Tinubu will do his best to deliver the promises made to Nigerians.   Gwarzo explained that President Bola Ahmed Tinubu is on the right track to take the country out of the current socio-economic hurdles in the country, adding that so many positive policies were initiated to better the lives of the citizens.   He disclosed that the administration has initiated programmes which have direct impact on the society such as Social Housing Fund Scheme, Conditional Cash Transfer, Food Outreach programme of the First Lady and among others all with a view to improving the quality of lives of citizens.   Minister Gwarzo who expressed concern over the state of security challenges facing the nation, assured Nigerians that President Tinubu will continue to do his best to secure the country from all forms of insecurity threats, saying that currently the security situation in the country has greatly improved.   He urged Nigerians to imbibe the spirit of peace, kindness and have confidence in the Tinubu's administration adding that the country needs pervert prayers and sacrifice to overcome the challenges thwarting the progress of the nation.   To this end, the Minister  appealed to the Muslim communities in the country to reflect on the sacrifice they made during this Ed-el-kibr sallah period for the development of our country while prayed Almighty God for safer return of our pilgrims from this year's Hajj in Saudi Arabia.   ...

Minister Gwarzo Highlights Achievements   The Minister of State for Housing and Urban Development, Abdullahi Tijjani Gwarzo has congratulated the President and Commander - in - Chief of the Nigerian Armed Forces, His Excellency President Bola Ahmad Tinubu GCFR on the occasion of commemoration of this year's  Democracy Day.   Abdullahi Tijjani Gwarzo, also congratulated Nigerians as the champions of democracy for commemoration of Nigeria's freest and widely acclaimed election held on June 12, 1993 and having uninterrupted democracy for good 25 years, adding that, it's a great milestone for the development of democratic system.   He explained that the APC-controlled administration under President Tinubu's able leadership has recorded landmark achievements that should be acknowledged and celebrated by all patriotic and progressive-minded Nigerians.   According to him such achievements include the flagging-off of the construction of 3,112 Housing units in Karsana and Abuja,the launching of the  construction of 250 Renewed Hope Estate at Katsina, Yobe, Gombe and Sokoto and 500 Renewed Hope Cities in Kano and allocation of 8,925 houses.   The Minister further stated that the planned construction of 100 housing units in all the 774 LGAs in the country under the National Housing Fund for vulnerable and underprivileged persons, the flagg-off of the construction of the Lagos to Calabar coastal road and the approved design of Sokoto to Badagry highway are another added credits to the President.   Other feats achieved by the administration in the last one year, including  improvement of the security situation in the country and the bold and patriotic steps taken to revamp the nation's economy.   He called on Nigerians to come together and work assiduously  to build a nation which our next generation will be proud of adding that what President Tinubu needs from all Nigerians is unflinching support and cooperation to take the country to greater heights.   ...

Dangiwa Harps on Innovative Housing Finance to Tackle Africa’s Affordability Crisis The Hon. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has called on African Ministers of Housing to embrace innovative housing finance solutions to address Africa’s growing housing affordability crisis affecting the 80 percent of African population. This he said is important given macroeconomic challenges and rising inflationary trends which have impacted incomes and raised the bar on housing affordability.  The Hon. Minister made this call while delivering his opening remarks at the Ministerial Roundtable themed “Innovative Financing for Housing Affordability” on the seconda day of the 43rd Shelter Afrique Development (ShafDB) holding at the Marriott Hotel, in Kigali, Rwanda. The event brought together Ministers, delegates and private sector stakeholders to explore new approaches to alleviate the continent’s housing challenges. Dangiwa highlighted Africa’s housing deficit and the housing affordability crisis affecting over 80% of Africa's population, driven by low incomes, challenging macroeconomic conditions, and escalating living costs. He underscored the critical need for affordable housing solutions targeting low and medium-income households, who are most affected by these economic pressures. “These factors make it increasingly difficult for our citizens to afford decent and quality housing. With each passing year, the affordability bar keeps getting higher. Many households that could afford housing a year ago can no longer do so because of rising cost of building material costs and static incomes. am worried about this because I believe that for us to make impact, we must find ways to design, build and facilitate delivery of affordable houses targeting the 80% of the low and medium-income percentile of our population,” he noted.  Drawing on his experience as the former Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), the Chair 42nd AGM Bureau shared successful initiatives implemented in Nigeria. These initiatives include utilizing government funds to lower housing costs, engaging sub-national governments to provide land free of charge, and creating expandable housing units that can grow with homeowners' needs and financial capacity. Additionally, he highlighted the role of public-private partnerships (PPP) in facilitating collaborations with reputable developers to build affordable homes, incorporating cross-subsidy models to offer some units at subsidized rates. Furthermore, he highlighted efforts in collaboration with the Ministry of Finance to establish a N1 trillion Naira concessional financing window for developers and leveraging pension funds to provide single-digit mortgage loans were presented as key strategies. Hon. Dangiwa stressed the necessity of shifting traditional financing models towards more innovative solutions tailored to Africa's unique contexts. These include empowering low-income families with manageable loans for home improvements, unlocking capital markets to inject liquidity into the housing sector, and expanding access to credit, savings, and insurance through digital financial services, especially in underserved communities. He also acknowledged the potential of private sector-led solutions such as the Shelter Afrique Housing Solutions Fund. This initiative aims to stimulate housing demand and scale supply by providing long-term home loans to eligible buyers, in partnership with participating lending institutions and developers. “For us to move forward and move the needle, we  must have a shift in thinking and approach. We must develop a multi-dimensional strategy to solving it,” he added. Hon. Dangiwa called on all stakeholders, including governments, financial institutions, developers, community organizations, and international partners, to collaborate and share best practices. He emphasized the importance of robust policy frameworks, effective regulatory environments, and transparent governance to create a housing finance ecosystem that leaves no one behind. As the roundtable discussions continue, Hon. Dangiwa urged participants to think boldly and act decisively. He expressed optimism that innovative financing strategies, coupled with collaborative efforts, could transform the future of housing in Africa, ensuring hope, opportunity, and prosperity for all. The event featured presentations from the private sector, discussions by several Ministers of Housing who all harped on the importance of long term financing, low interest mortgage loans to ensure delivery of affordable housing to tackle Africa’s housing challenges.  Kigali, Rwanda – June 12, 2024: ...