Metro
REDAN Visits Adron Homes, Commends Efforts of Real Estate to Nigeria’s GDP
- /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://pointblank.ng/wp-content/uploads/2024/07/IMG-20240722-WA0011-1000x600.jpg&description=REDAN Visits Adron Homes, Commends Efforts of Real Estate to Nigeria’s GDP', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 69
https://pointblank.ng/wp-content/uploads/2024/07/IMG-20240722-WA0011-1000x600.jpg&description=REDAN Visits Adron Homes, Commends Efforts of Real Estate to Nigeria’s GDP', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The President, Real Estate Development Association of Nigeria (REDAN), Prince Akinloye Adeoye, along with his Executive team, which consist of Dr Kunle Adeyemi, Vice President, REDAN(South/West) and Mr Jide Ogunleye, REDAN Secretary visited the Chairman and Group Managing Director of Adron Homes and Properties, Aare Adetola Emmanuel King, at the company’s headquarters in Omole Phase 1, Lagos.
During the courtesy visit, the team headed by Prince Akinloye applauded Adron Homes and Properties for its efforts in providing affordable housing schemes and praised the company for consistently bridging the gap between the masses and affordable urban development. Prince Akinloye also commended Adron Homes for transforming many individuals from tenants to landlords, emphasizing the company’s transparency, commitment, and reliability which has set a positive example for other real estate brokers in Nigeria.
He highlighted the significant contribution of the real estate sector to Nigeria’s GDP, citing statistics from the Nigeria Bureau of Statistics for Q1 of 2024. He stressed the need for the government to uphold development standards, enhance industry regulations, and eliminate unethical practices in the real estate business. According to the Nigeria Bureau of Statistics, the real estate sector contributed N11.2 trillion, representing a 5.20% share of the GDP in Q1 of 2024. Although the sector showed nominal growth compared to the previous year, its real GDP growth was lower at 0.84%. He also disclosed that 11 trillion is more than enough to prove that real estate business in Nigeria is a lucrative business that has come to stay and also implored the government to remain committed to upholding tenets of development and enhancing regulation of the industry to meet global practices and also make quackery in the business a thing of the past.
“The construction sector contributed 4.0% to the GDP, with a nominal growth of 10.24%, though it experienced a real growth rate decline of -2.14% year-on-year. Experts attribute this growth to increased government policies and investments, growing population demands for shelter, and significant contributions from the Nigerian diaspora.”
The Host, Aare Adetola Emmanuel King also commended the effort of the REDAN President and his team for their listening ears and also their constant proactive steps to ensure the industry is well regulated and all ethics of the industry is upheld. He also disclosed that Adron Homes will always be in partnership with the leadership of REDAN and will remain committed and continue to serve as an example to other real estate players on the issues of integrity and sincerity of purpose. He also disclosed that the visit will further rejig Adron’s commitment to more development of Homes and also continued partnership with the government to ensure affordable homes get more handy for all sundry.
Aare Adetola also implores the leadership of REDAN to enact more policies that will further put the business on a high pedestal which will enhance more funding, more investment through Foreign Direct Investment and also getting government support in the reduction of building materials and other household items which is currently serving as a bottleneck for the development of the business which has caused many Real estate companies to fold up, while some have started cutting corners due to high rates of materials.
“When materials are quite affordable, real estate will thrive. There would be buyers and off-takers. But with the current prices of cement, wood, nails, paints etc the prices of real estate are soaring high to the roof Government intervention and reducing tariffs on the importation of building materials will help cushion the effect and also put many back in business. Adron Homes and Properties is committed and we are here for collaboration for national development.”
Metro
Teachers’ Promotion Policy: NLC Begins Indefinite Strike in FCT, Shuts down All Govt Offices
The FCT Council of the Nigeria Labour Congress (NLC) has declared an indefinite strike across the Federal Capital Territory, directing workers in the public and private sectors to shut down schools, hospitals, government offices and other establishments.
The strike began on Wednesday, October 7, following the expiration of a seven-day ultimatum issued to the FCT Administration (FCTA) over the promotion of teachers.
The labour council said the FCTA failed to satisfactorily address its demands, particularly its call for the removal of the requirement for vacancies before teachers can be promoted.
The dispute centres on the FCTA’s position that teachers can only advance when vacancies are available. The NLC said the policy has contributed to years of career stagnation among teachers and is not applicable to the teaching profession.
In resolutions signed by its Chairman, Comrade Knabayi Adalo, the council argued that FCT teachers are not core civil servants or pool staff and should therefore not be subjected to a vacancy-based promotion system designed for pool officers.
It said teachers recruited by the FCT Universal Basic Education Board, UBEB, and FCT Secondary Education Board, SEB, were employed specifically to teach and should be promoted “as and when due.”
The NLC is also demanding that teachers who became eligible for promotion in 2025 be allowed to sit for their promotion examination before or alongside the 2026 candidates.
Another demand is the withdrawal of redeployment and demotion letters issued to directors who benefited from the Harmonised Retirement Age for Teachers Act, 2022.
The council is further calling for the immediate reinstatement of the dissolved management teams of FCT SEB and FCT UBEB.
The decision to commence the strike was taken at the council’s State Executive Council, SEC, meeting held on October 6, at the NLC FCT Secretariat.
At the meeting, the labour body rejected the FCTA’s response to its ultimatum, describing it as “neither clear, positive, nor genuine.”
According to the SEC, the response did not address the vacancy requirement, which it described as the “root cause of career stagnation”, and was also silent on what the council called the “illegal redeployment of directors.”
“The response of the FCTA is ambiguous and totally unacceptable,” the SEC said.
The council added that it “will no longer tolerate the continued dehumanisation of FCT teachers through obnoxious policies alien to the teaching profession.”
Metro
20 Prospective Corps Members Abducted in Imo Regains Freedom
The 20 prospective National Youth Service Corps (NYSC) members and one other abducted along the Owerri-Onitsha Road in Imo State have regained their freedom.
The victims were rescued from the Amakohia-Ubi forest in Owerri West Local Government Area of the state following a coordinated operation involving security agencies.
They have since been taken to the Department of State Services (DSS) Hospital in Owerri, where they are receiving medical attention and undergoing necessary medical checks.
The Director-General of the National Youth Service Corps Brigadier General Olakunle Oluseye Nafiu visited the DSS Clinic in Owerri, where he addressed the rescued victims.
He was in company of the Imo State Commissioner of Police, Director DSS and Brigade Commander 34 artillery Imo State.
Details of the operation, including whether any arrests were made or ransom was paid, have not yet been made public.
However, in a statement issued by the Force Public Relations Officer, Ani Iniedu, the police said, “Efforts are ongoing to apprehend those responsible for the abduction, as the Police and other security agencies sustain coordinated operations towards bringing all culpable persons to justice.”
The victims were abducted on October 1 while travelling from Ibadan, Oyo State, to NYSC orientation camps in Abia and Akwa Ibom states.
The two buses conveying the prospective corps members came under attack near Umunoha in the Mbaitoli Local Government Area of Imo State.
Following the abduction, security agencies launched a coordinated search-and-rescue operation to locate the victims and their abductors.
The Imo State Police Command later said its operatives had located the kidnappers’ camp through drone surveillance but were unable to immediately enter the location because it was reportedly mined with improvised explosive devices (IEDs).
The police subsequently deployed additional operational assets, including bulldozers and armoured personnel carriers, as efforts intensified to reach the victims.
The development also triggered anxiety among the victims’ families after reports that the abductors were demanding ₦50 million for each victim.
Police had earlier confirmed that 10 victims were rescued following the attack, while efforts continued to locate the remaining abductees.
The latest development brings an end to the ordeal of the 20 corps members and the other abducted victim, who have now been reunited with safety and are receiving medical attention in Owerri.
Metro
2027: Plateau Rev Denies Praying for Tinubu, Shettima’s Victory
The Regional Chairman of Church of Christ in Nations (COCIN), Barkin Ladi Local Government Area of Plateau State, Rev. Ezekiel Dachomo, has denied reports that he prayed for the re-election of President Bola Tinubu and Vice President Kashim Shettima in the 2027 presidential election.
Dachomo, who is currently in Israel on what he described as his first International Christian Advocacy Tour, said his visit was aimed at drawing the attention of world leaders to the plight of Christians in Plateau.
The cleric made the clarification in a social media post on Monday night following reports that he had prayed for the success of the All Progressives Congress (APC) presidential ticket and expressed support for the Muslim-Muslim ticket.
Dachomo said his earlier post, in which he prayed for Nigeria, had been misconstrued as an endorsement of Tinubu and Shettima ahead of the 2027 election.
According to him, there was nowhere in the post where he prayed for the President and Vice-President to win the election.
“People are trying to frame me, saying I prayed for a Muslim-Muslim ticket. But I did not, and I will never pray for a Muslim-Muslim ticket because Nigeria belongs to both Muslims and Christians,” he said.
Dachomo said his prayers were for the well-being and success of Nigeria and its citizens, irrespective of their religious affiliations.
“I pray for both Muslims and Christians in Nigeria. I pray for Nigeria to succeed. If you truly want to come to God, come with a clean heart,” he added.
The cleric further stated, “I did not pray for President Tinubu and Vice President Shettima to win in 2027. My prayers have always been for Nigeria to succeed.”
Dachomo’s clarification came amid reactions to his ongoing advocacy tour in Israel, where he is seeking international attention to security challenges and what he described as the persecution of Christians in Plateau.






