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Realtor urges Nigerians to embrace untapped Rent-To-Own housing finance opportunities



Realtor urges Nigerians to embrace untapped Rent-To-Own housing finance opportunities


(Photo: L-R: Mr Michael Simire, Publisher, EnviroNews Nigeria; Deacon Jide Durojaiye, Managing Director, Legrande Properties Development Company Ltd and Mrs Okwy Iroegbu-Chikezie, Chairperson, Property and Environment Writers Association of Nigeria (PEWAN) during a tour of PEWAN members to the firm’s project sites on Thursday in Lagos.)

A Real Estate expert, Mr Jide Durojaiye, has advised Nigerians to embrace the Rent-To-Own Scheme housing finance model to meet their shelter needs.

He said that the model was largely untapped in Nigeria, and urged governments to provide enabling environment to popularise the option.

Durojaiye, Managing Director, Legrande Properties Development Company Ltd, spoke when journalists undertook a tour of the firm’s projects in Ibeju Lekki on Thursday.

He said that the model was making housing finance and home ownership easier in developed countries. and would help to bridge housing deficit.

The realtor said Nigerians were under-utilising opportunities for mortgage finance offered by the Federal Mortgage Bank (FMBN).

He said the Rent-to-Own offered opportunity for affordable mass housing.

“As I am talking to you, they (FMBN) have money and people are not using them,”he said.

He said Lagos government was partnering Legrade Properties Company Ltd in reconstructing the Jakande Estate, Ajah from two to eight storeys and building 11 estates called Alexandra Courts, Coastal City, Ibeju-Lekki.

He said the Rent-to-Own model was the most convenient way for people to own their homes, with the benefit of loans from mortgage institutions and Pension Funds.

Durojaiye explained that the partnership for the Alexandra Courts, Ibeju-Lekki was for the developer to build a New Lagos model of 22 blocks of 32 units in two phases, to be delivered from March 2024.

He said the Alexandra Courts, Costal City, Ibeju-Lekki project called ‘The New Lagos’ had all infrastructure and facilities that offered comfort and safety.

The News Agency of Nigeria (NAN) reports that ‘The New Lagos’ refers to mini cities around the new proposed airport and seaports, Lekki Free Trade Zone and Refinery.

He said the rent-to-own investments of the state government in the Alexandra Courts would unlock potential, add value, enhance urban renewal efforts and solve various challenges to provide affordable housing for residents.

He called on all levels of government and Nigerians to embrace the rent-to-own scheme to address accommodation problems and housing deficits.

Durojaiye also said Lagos State and the FMBN were in partnership with private investors on the New Lagos City to create jobs, increase Gross Domestic Product and add value to various communities.

He commended the state government for digitalising land acquisition procedures and starting rent-to-own initiative in 2021

Durojaiye said it helped to enhance the Lagos master plan, economy, investments and affordable housing for high and middle class earners.


He said Lagos State currently had over 20 mini cities targeted at bridging shelter gap and ensuring urban renewal.

The realtor listed facilities in the estate to include: Independent Power Project, Schools, Hospital, a helipad among others with moderate service charge.

He appealed to the media to help the public understand enormous opportunities provided by the FMBN for low and medium income earners to have access to affordable mass housing.

NAN reports that the journalists, drawn from the Property and Environment Writers Association of Nigeria (PEWAN), also visited Court Land Villa, Lekki, another estate jointly owned by the firm and Lagos government.

Earlier, Mrs Okwy Iroegbu-Chikezie, Chairperson, PEWAN explained the agenda setting role of the media to management and staff of Legrande Properties Development Company Ltd.


Unknown Gunmen Abduct Channelstv Reporter In Port-harcourt




Some unknown gunmen have kidnapped Joshua Rogers, the ChannelsTV reporter in Port-Harcourt, the Rivers State capital.

Politics Nigeria learnt that Rogers was picked up close to his residence at Rumuosi in Port Harcourt and to an unknown destination by the gunmen around 9pm on Thursday, April 11.

The reporter was driving his official ChannelsTV branded car when the hoodlums accosted, pointed a gun at him and took him away in the same vehicle.


Rogers was said to be returning from his official assignment in Government House after a trip to Andoni for a government event when the incident happened.

Already, the gunmen were said to have contacted his wife and demanded a N30million ransom for bis release.

His cameraman confirmed the incident and appealed to his abductors to set him free unconditionally.

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Sermons, Tinubu Appeals To Religious Leaders



Bola Tinubu


President Bola Tinubu has called on religious leaders to refrain from vilifying or denigrating the nation in their sermons.

Speaking during Ramadan Iftar with traditional rulers and religious leaders at the State House on Thursday in Abuja, the President emphasized the important role of religious leaders in shaping public opinion and fostering a sense of unity among citizens.

He urged the leaders to be more constructive in their criticism of those in elective positions.

President Tinubu also declared that his administration is determined to turn Nigeria’s challenges into prosperity.

He reiterated that no terrorist can defeat the collective will of Nigerians, no matter how hard they try to prey on innocent citizens.

He urged traditional and religious leaders to forge a strong bond with the government to defeat terrorism, banditry, kidnapping, and other forms of criminality in the country.

”Yesterday in Abuja, I attended the burial of the 17 soldiers killed in action at Okuama, Delta State. I saw their pregnant wives and little kids.

”The love of the nation is in your hands. Pray for our country. Educate our children. The sermons we preach to the members of our churches and mosques are important.

”Do not condemn your own nation. As a Yoruba man and as our fathers will say, ‘No matter how slippery the bottom of your child is, you must leave the beads there.’

“Leave the beads there. This is your country; do not condemn it in sermons, do not abuse the nation. Leadership is meant for change.

”Yes, this leader is bad, fine. Wait until the next election to change him, but do not condemn your country. Do not curse Nigeria. This is a beautiful land.

The President, who acknowledged the birthday wishes and goodwill extended to him on the occasion, reminded the leaders that his birthday on March 29, 2024, coincided with Good Friday.

“I have earned the honour of having my birthday fall on Good Friday, and I pray that on this Maundy Thursday, you all shall return to your homes safely. May God guide and keep you and your families in good health, and lift your spirits,” the President prayed.

Different speakers at the dinner expressed gratitude for the opportunity to come together in the spirit of Ramadan to share a meal with the President and renew the bonds of friendship that unite the nation.

Vice-President Kashim Shettima emphasized the pivotal roles of religious and traditional rulers in promoting peace and unity, urging them to continue to ‘‘build bridges that transcend ethnic and religious divides.’’


The Vice-President expressed delight that the nation’s economy is on a rebound, noting the strengthening of the naira against the dollar.

”The President means well for the nation, and he has continued to redefine the meaning and concept of modern leadership.

”For many years, fuel subsidy was an albatross. The President took a bold decision from day one, and he hit the ground running. Now the economy is turning the corner,” the Vice-President said.

Speaking on behalf of the Traditional Rulers Council of Nigeria, the Ooni of Ife, Oba Adeyeye Ogunwusi, assured the President of the unwavering support of traditional rulers and commended the government’s efforts to address the hike in food prices and the security challenges.

”You are not alone, Mr. President. The prices of food items and goods are gradually coming down. You are doing your best on security, and we cannot allow you to do it alone. We will join hands to support your vision for the betterment of our nation,” the Ooni said.

Ambassador Ahmed Nuhu Bamalli, Emir of Zazzau, speaking on behalf of the Nigerian Supreme Council for Islamic Affairs (NSCIA), highlighted the significance of Ramadan as a period of reflection, empathy, and unity.

On the security situation in the country, the Emir of Zazzau, who represented the Sultan of Sokoto and President General of NSCIA, expressed optimism that the country will return to peace and stability.

”I am happy to see representatives of Muslim and Christian communities in this room. I pray God Almighty blesses the President for him to do more to take the country to the Promised Land,” the Emir prayed.

Apostle Samson Fatokun, General Secretary of the Christian Association of Nigeria (CAN), noted that the Ramadan dinner with religious and traditional leaders, coincided with Maundy Thursday, the Thursday before Easter, observed in commemoration of Jesus Christ’s institution of the Eucharist during the Last Supper.

The General Secretary, who delivered the address of CAN President, Archbishop Daniel Okoh, commended President Tinubu for fostering a harmonious relationship between the State and the Church.

”We are encouraged that your administration has shown great determination in tackling the challenges of kidnapping and banditry and bringing to justice the perpetrators of this dastardly act.

”We shall continue to show our support to your administration so that you can execute your noble intention for the nation,” CAN General Secretary said.

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