Nigeria Breaking News
Growth to Nigeria real estate depends on tech adoption, says Property experts
![UPDC summit](https://news365.ng/wp-content/uploads/2022/12/UPDC-summit1.jpg)
Critical stakeholders who participated at the 25th anniversary and summit of a Property Development and Management Company, UPDC Plc, have called for the adoption of technology in the sector, to achieve massive growth.
Exploring pathways to solving the various challenges and maximizing opportunities being created in Nigeria’s booming but volatile real estate sector in the event tagged: ‘Housing Development Imperatives for Nigeria; Prospects and Challenges,’ the experts called for creativity, innovation, and adoption of technology.
Speaking during a panel session, a renowned banker, Ann Ribu, said: “Growth and access to finance for real estate projects will increasingly depend on creativity, innovation, and adoption of technology.
Also, another real estate expert, Mr. Frank Okosun, identified the high cost of building materials, poor mortgage penetration, and problems with land administration as part of the reasons for the housing deficit in the country.
He said: “There is a significant gap between the stock we have and the quality of houses that meet international standards as well as affordable ones.
“Property ownership in Nigeria is still an elitist engagement. There should be a strategy for the big real estate firms to make homeownership affordable for lower-income earners,” he added.
Also, a renowned architect, Mr. Alan Davies, while speaking on the trends in the housing sector, noted that Nigeria’s rising young population has led to higher demand in the one room and two-room apartments.
He said: “It is unfortunate that everything comes down to cost; not just the cost of building but also of maintenance. Reducing these costs is more critical than ever.”
Earlier in his address, the chairman of UPDC, Mr. Wole Oshin, explored the recent history of the company noting that the company has experienced a turnaround; increasing efficiency and expanding its business.
He said: “UPDC has raised N16 billion in a rights issue in June 2020 and has continued to restructure after the recapitalization. Also in 2020, the facility division of the company became a separate business; UPDC facilities Management ltd. In 2021, Custodian investment ltd became the major shareholder in UPDC.
“As UPDC shifts from recapitalization to maximizing growth and opportunities, we continue to look forward, focusing on achieving profitability in the short to medium term, embarking on projects that increase profit and expand the company’s impact.
“Our real estate firm is the first real estate company to have been listed on the Nigerian Stock Exchange, and offers the most diversified portfolio of residential, commercial, retail and hospitality assets,” Mr Oshin added.
Nigeria Breaking News
Shallipopi announces break from smoking
![Shallipopi](https://news365.ng/wp-content/uploads/2024/08/Shallipopi.webp)
Nigerian singer, Crown Uzama, popularly known as Shallipopi, has announced that he is currently on “break” from smoking. The ‘Pluto Presido’ crooner announced this while sharing a video from his vocation via Snapchat recently. He advised his fellow smokers to abstain from the habit sometimes.
He said, “No be everytime you go dey smoke igbo, sometimes take a break. I am on break now. I am feeling good. Nigerian celebrities, including Tonto Dikeh, Don Jazzy, Terry G, Faze, Dr Sid and Kizz Daniel have announced quitting smoking in the past.
However, some of them later made a U-turn, with Terry G and Kizz Daniel confirming on their respective social media pages that they have returned to the habit.
Source: Dailypost
In other news – My man pays me allowance – Mercy Eke
Reality TV star Mercy Eke has revealed that she gets paid for being in a relationship. Speaking in a recent episode of the ‘Love Is A Game’, she said: “My guy [partner] pays me an allowance.
But it’s not that I mandated him to do that. I have about six domestic workers. So the allowance is just to assist me to pay my staff. Read more
Nigeria Breaking News
How I found out I was pregnant for Wizkid – Shola Ogudu
![Shola Ogudu](https://news365.ng/wp-content/uploads/2024/08/Shola-Ogudu.jpeg)
Singer, Ayodeji Balogun, AKA Wizkid’s first baby mama, Shola Ogudu has revealed that she didn’t know she was pregnant until the pregnancy was five months.
Shola made this known during an interview with former BBNaija housemate, Maria Chike’s podcast, “Mum next door.
According to the mother of one, her parents were concerned about her studies because she was in her final year in the university.
She said, “I had my baby pretty early, I was in a university, my final year. I was pregnant for four months to be honest.
“I didn’t know I was pregnant until I was 5 months gone, my parents concern was I had to finish university and I did with good grades
Source: Dailypsor
In other news – Why I fell in love with Adekunle Gold – Simi speaks out
Nigerian singer Simisola Kosoko, popularly known as Simi, has revealed why she fell in love with her husband, singer Adekunle Gold.
The mother of one revealed that she fell in love with her husband because of his graphic designing and photoshopping skills. Read more
Nigeria Breaking News
Report corrupt lawyers for disciplinary action – Oboagwina urges Nigerians
![](https://news365.ng/wp-content/uploads/2024/08/Caleb-Oboagwina.jpeg)
The convener of Easyread Legal’s Mentorship Programme, Caleb Oboagwina, has called on members of the Nigerian public to report any lawyer found engaging in corrupt practices for disciplinary action. Oboagwina made this call while speaking to newsmen at the 2nd Externs General Conference and 10th Year Anniversary of the programme on Saturday in Abuja.
Decrying reports of corruption in the legal profession, Oboagwina said corrupt lawyers are sanctioned by the Legal Practitioners Disciplinary Committee.
If you find anyone wanting, don’t be silent. Report such a person immediately for disciplinary action against him or her to serve as a deterrent to others nursing the same evil and unethical ideas.
“Don’t be afraid. Report them no matter their reputation in the profession,” he said. He tasked aspiring lawyers on hardwork and dedication to excel in the profession whenever they are eventually called to the Nigerian Bar, urging young ones to see the profession as something that would redeem the society.
“If we have lawyers who would stand up for their rights, especially when they go up in the judiciary, and shun corruption, the society would be a better place.” Also speaking, the 2nd Vice President of the Nigeria Bar Association, NBA, Clement Chukwuemeka, charged lawyers to speak to power and hold the government accountable when it fails in its responsibility of providing social amenities or infrastructural facilities to the masses.
According to him, the responsibility of lawyers is not to make money but to provide justice where the need arises, especially those who do not have anyone to speak for them.
“Judges grant bail to the high and mighty in corrupt cases after which such cases may be swept under the carpet but the poor are being sent to jail for minor cases because they have no one to speak for them,” he added. Easyread Legal’s Mentorship Programme is a platform that renders assistance to students of the Nigerian Law School engaging in Bar Part ll programme.
Source: Dailypost
In other news – Residents seek quick intervention as bridge linking Adamawa with Borno collapses
Residents of Madagali, a major town in the northern part of Adamawa State which shares borders with Goza in Borno State, have appealed for the quick response of federal authorities after a major bridge in the town collapsed.
The Madagali Bridge collapsed completely in the night of Thursday, August 15, after a heavy rain that caused an overflow of the Madagali River over which the bridge was built. Read more
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