News
Nigeria Loses N126.2Bn on Abandoned FG Properties in Lagos – Unilag Don
The Federal Government has again been charged to either concession or sell all its buildings that are not being utilized across the country to private investors in order to forestall further deterioration as a result of continued abandonment.
Prof. Olumide Afolarin Adenuga, professor of Building, who gave the charge in his inaugural lecture at the J.F Ade Ajayi Memorial Hall, University of Lagos, Akoka, on Wednesday, said, N126.2 billion revenue have been lost since 2006 on the Federal Government properties in Lagos State alone, because the government have refused to either sell or concession the assets.
Adenuga, a professor of building management lamented that the nation have been hemorrhaging as a result of the neglect of the buildings, warning that the huge economic benefits of these iconic structures would continue to elude the nation if the government continue to ignore the need to restore them to beneficial use for Nigerians.
The university don who said maintenance is as old as creation, said man have had to contend with managing his space and the ecosystem since he abandoned a wandering lifestyle to adopt a settled life, pointing out that maintenance was responsible for increased lifespan of structures such as the Egyptian pyramids, the Papal States in the Vatican City, The White House in the United States and the Golden Temples, and other monuments, most of which have been kept in same serviceable condition as they were at the time of their construction.
For him, it is regrettable that many of the nation’s iconic assets, which were pleasant to look at, at the time of their construction, had been allowed to degenerate due to lack of maintenance and planned repairs that could have reversed the trend and turned them into positive economic assets.
“It is a glaring fact that our buildings are in very poor and deplorable conditions of structures and decorative disrepair, abandoned and reduced more or less to refuse dumps and natural homes for rodents and vermins in spite of billions of Naira spent to build and commission them.”
Adenuga listed among such assets wasting away in Lagos State to include; the National Stadium, Surulere, the Federal Secretariat Complex, Ikoyi, The Nigerian Eternal Telecommunications (NET) building, Marina, the Defence House (formerly Independence Building), and the former NAVY Headquarters building in Marina. Other buildings according to him are: the National Arts Theatre, Iganmu, former National Assembly complex, Tafawa Balewa Square, and the Supreme Court building among others.
He said: “All these buildings are in deplorable states of structural and decorative repairs because we do not have any maintenance culture, a fact which manifests in the general apathy for maintenance coupled with ignorance on the part of occupiers of the benefits of planed preventive maintenance and care of buildings.”
According to him, the cumulative potential economic loss at the National Stadium alone, between 2004 to date, is about N52.6 billion, while the Federal Secretariat, which has been overgrown with weeds and is now home to reptiles and rodents, could have been yielded over N72 billion, if it had been converted to luxury residential apartments as proposed by Resort international Limited since 2006, while the 32-storey NET building with about 720 sq. metres of lettable space could have attracted over N1.6 billion in rent annually if well maintained and optimally utilised.
He said apart from the loss of the huge revenue which could have been ploughed back into provision of social amenities for Nigerians, the 480 units of luxury residential apartments being proposed by RIL could have contributed to reducing the shortfall in the nation’s housing stock.
“Because of their present deplorable state, these once iconic structures have become a nuisance not only to the city of Lagos and her residents, but is also a source of economic loss arising from abandonment and gross under-utilisation,” he added.
He said since it hardly feasible to construct buildings that are maintenance free, it is desirable for experts to think of building maintenance projections even at the design stage to reduce the cost of maintenance work throughout the lifespan of a building.
“All elements of buildings deteriorate at a greater or lesser rate depending on the materials used, methods of construction, environmental conditions, and the use of the building,” he said.
To reverse the trend of improper maintenance of public or private properties, Adenuga recommended a formulation and formalization of regular minimum repair programme, regular and effective inspection of all the fabrics of the buildings, including their sorroundings, as well as the comfort of the occupants to detect signs of disrepair, prompt attention to repair needs of buildings, to prevent further deterioration in order to keep the buildings in acceptable standards.
He canvassed planned preventive maintenance, which according to him are best accommodated at the design and construction stages of building development, even as he urged occupiers of buildings to be adequately educated to report, as soon as noticed, defects for prompt maintenance even as he charge them to use the property in such a way as to keep them in good tenantable conditions.
He canvassed that occupiers of public properties should be responsible for repairs and maintenance of the properties, the avoidance of deliberate alterations, which may lead to immediate or eventual decline in the state and aesthetic value of property, the standardization of building components.
He added that property owners, both private and public, should guide against overcrowding which may result in over-use of facilities and undue pressure on sanitary facilities.
Adenuga, a product of the polytechnic system, who described the lecture as his debt to academic and scholarship, is the second professor to have given his inaugural lecture in the Department of Building and the ninth professor in the Faculty of Environmental Sciences of the University of Lagos.
Nigeria and Israel yesterday reaffirmed their commitment to deepening bilateral cooperation in research, technology and innovation as both countries pledged to expand partnerships that will drive entrepreneurship, commercialise research and accelerate economic development.
The commitment was made at the closing ceremony and innovation showcase of the I-FAIR Cohort of the Israel-Nigeria Innovation Fellowship for Aspiring Inventors and Researchers (I-FAIR) in Abuja, where the Ambassador of Israel to Nigeria, Michael Freeman, announced that funding had been secured for the fifth edition of the programme, scheduled to begin in October 2026.
Freeman described I-FAIR as a practical demonstration of the growing partnership between both countries, saying it had enabled Nigerian innovators to develop local solutions to national challenges through Israeli mentorship and expertise.
He said, “This programme has never been about bringing Israeli solutions to Nigeria. It’s been about helping brilliant Nigerian innovators develop Nigerian solutions to Nigerian challenges supported by Israeli experience, mentorship and innovation.”
The envoy noted that the initiative had brought together government, academia, investors, engineers and entrepreneurs to transform innovative ideas into businesses capable of creating jobs and stimulating economic growth.
Announcing the continuation of the programme, he said, “I am so proud to stand here today and announce that we have secured with our partners funding for I-FAIR 5 and I-FAIR 5 will be launching in October 2026.”
Freeman said the relationship between Nigeria and Israel had grown significantly over the past four and a half years through cooperation in innovation, agriculture, healthcare, education, water management and technology.
He expressed confidence that stronger collaboration between both countries would unlock greater opportunities for startups, research institutions and businesses.
According to him, “Israel brings experience and innovation, technology, agriculture, healthcare, cyber security, security and water management. Nigeria brings extraordinary talent, creativity, entrepreneurship and one of the most dynamic young populations anywhere in the world.”
He added, “I have no doubt that the best chapters of the relationship between Israel and Nigeria are still ahead of us.”
The Executive Secretary of the Tertiary Education Trust Fund, Architect Sonny Echono, also reaffirmed TETFund’s commitment to strengthening research and innovation through strategic partnerships with Israel and other stakeholders.
He said the I-FAIR programme aligned with Nigeria’s priorities in food security, agriculture, medicine, technology, clean energy and the circular economy, adding that TETFund would continue supporting initiatives that promote research commercialisation.
Echono stressed that collaboration between government, academia and industry remained critical to translating research findings into products and services.
He said, “It is this critical linkage, especially between science, engineering, technology and innovation, and the productive sector that is critical for translating R&D results and inventions into finished products for socio-economic benefits of our people.”
He disclosed that TETFund was working with partners to establish innovation facilities in about 60 tertiary institutions and had created a student innovation fund that would provide up to ₦50 million to students with commercially viable ideas.
The TETFund boss also announced plans for a National Research Fair later this year, where innovators would showcase products before policymakers, financial institutions and investors to attract funding and commercial partnerships.
Paying tribute to the outgoing Israeli ambassador, Echono described Freeman as a strong bridge between Nigeria and Israel.
He said, “Nigeria is grateful for your service. You have been a strong bridge between our two countries.”
Earlier, Head of Programmes at Innov8 Hub, Tolulope Aina, said sustainable economic development depended on building an innovation ecosystem that transforms ideas into successful businesses.
She noted that Innov8 Hub had supported more than 3,000 innovators, researchers and entrepreneurs, helping them convert research into products, startups and investment-ready ventures.
Aina said, “Nigeria does not suffer from a shortage of brilliant minds, what we need are stronger pathways that help those ideas become products, businesses, and opportunities that improve life.”
She thanked the Embassy of Israel and TETFund for their continued support in strengthening Nigeria’s innovation ecosystem.
According to her, “Building an innovation-driven economy requires collaboration, long-term commitment and shared purpose.”
Chief Judges drawn from countries across the African continent have resolved to collaborate and support measures aimed at ensuring the success of the Africa Continental Free Trade Area (AfCFTA) through an efficient, reliable and predictable dispute resolution system.
They agreed to explore ways to harmonize disputes resolution mechanisms in the continent with a view to making it easier and faster to resolve commercial disputes.
The resolutions formed part of the decisions taken at the third Africa Chief Justices’ Alternative Dispute Resolution (ADR) Summit held in Nairobi, Kenya between June 18 and 19.
According to a statement by the Special Assistant on Media to the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, Mr. Tobi Soniyi, the African judicial leaders were of the view that commercial confidence depends largely on legal certainty.
They emphasised how structured Alternative Disputes Resolution could enhance commercial justice, protect the business environment and support the AfCFTA.
In her contribution, the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun urged called on African judiciaries to proactively prepare for emerging challenges to disputes resolution in the continent.
Justice Kekere-Ekun, who served as Co-Chair of the session on “Financial sector disputes, tax certainty and ADR: Building commercial confidence in Africa, noted that AfCFTA represents one of the most ambitious economic integration projects in modern history.
The CJN, who stressed the importance of a proactive Judiciary to the success of AfCFTA, warned that its success would depend, not only on trade protocols, tariff reductions and economic policies, but also on the strength and reliability of the institutions that support commerce.
Justice Kekere-Ekun urged her colleagues to examine how judiciaries in the continent, central banks, tax administrations and ADR institutions could work together to reduce uncertainty, prevent disputes, strengthen investor confidence and support the realization of AfCFTA’s objectives.
She envisaged the growth of intra-African trade to inevitably generate cross-border tax disputes; foreign exchange disputes; banking and payment system disputes; digital commerce disputes; enforcement of arbitral awards; recognition of foreign judgments; and disputes arising from regional supply chains.
The CJN, who said “African Judiciaries must proactively prepare for these emerging realities,” challenged African judicial leaders on the importance of disputes prevention mechanism.
She stated that modern commercial justice must move beyond the traditional focus on disputes resolution after conflicts arise.
“The most successful commercial systems are not those that generate the highest volumes of litigation but those that reduce the need for litigation,” she added.
Justice Kekere-Ekun, who stressed the importance of ADR, cautioned against seeing ADR as merely an alternative procedure.
She said ADR should rather be considered as a strategic tool for reducing transaction costs, preserving commercial relationships, enhancing investor confidence, reducing court congestion, improving ease of doing business and strengthening commercial certainty.
Sharing the Nigerian experiences, Justice Kekere-Ekun cited the recent decision by the Nigerian Supreme Court in the case of EMTS v. AFDIN Ventures Ltd. & Ors. (2026), which reaffirmed important principles of commercial certainty, including respect for arbitration agreements; recognition that consent may be inferred from conduct; judicial restraint from re-litigating arbitral disputes on the merits; and the importance of finality in arbitral awards.
According to her, the decision reinforced Nigeria’s position as an arbitration-supportive jurisdiction.
She identified timely resolution of tax disputes as an important factor in ensuring certainty and recommended Nigerian tax disputes resolution mechanism which she said “offers useful example of institutional reforms that support commercial certainty.”
Justice Kekere-Ekun recommended the Nigeria’s Tax Appeal Tribunal model, which she described as one of Nigeria’s most significant innovations.
According to Mr. Soniyi, Justice Kekere-Ekun’s message to his brother justices is clear: building an African commercial environment in which investors, businesses, regulators and citizens can transact across borders with confidence, secure in the knowledge that their rights will be protected and their obligations fairly enforced.
The summit advanced the goals of the African Chief Justices Alternative Dispute Resolution Forum (ACJADRF) to harmonize jurisprudence and establish common enforcement standards across the continent.
The CJN was, on the last day of the summit, nominated by the Chief Justice of Kenya as the Vice Chairperson of the Africa Chief Justice ADR Forum with effect from August 1, 2026. The nomination was ratified by the forum.
Twenty-one former Almajiri learners and street children are set to graduate as certified technology technicians under the Almajiri-to-Tech Initiative, a programme designed to equip vulnerable children with digital and entrepreneurial skills while addressing youth unemployment, poverty and insecurity.
The pioneer graduation ceremony is scheduled to hold on July 29 in Abuja, where the graduates will demonstrate practical skills, including assembling computers and drones, before government officials, development partners, members of the diplomatic community and the media.
The initiative was founded by technology education advocate, Mr Tim Akano, in partnership with New Horizons Nigeria, an Information and Communication Technology (ICT) training organisation.
According to the organisers, the programme seeks to provide practical solutions to the growing challenge of out-of-school children by combining technology education, entrepreneurship, mentorship and character development.
The organisers said the initiative had transformed children who previously had little or no exposure to technology into technicians capable of repairing laptops, desktop computers, mobile phones, power banks, electric fans, microwave ovens and other electronic devices.
They explained that the participants also received entrepreneurship training, mentorship, transportation support, daily meals, learning materials and professional work tools during the programme.
The organisers added that religious instructors from the participants’ respective faiths regularly visited the trainees to provide moral guidance, describing character development as a critical component of the initiative.
Unlike many vocational interventions that end with the presentation of certificates, the organisers said graduates of the programme would receive start-up support, while outstanding participants would be provided with professional work tools to establish their own businesses.
They also disclosed plans to launch a business directory and customer contact platform that would enable individuals, businesses and organisations to engage the services of the graduates.
Speaking on the initiative, Akano, who is also the Managing Director and Chief Executive Officer of New Horizons System Solutions Ltd., said the programme was conceived as a practical response to the challenges of youth unemployment, insecurity, poverty and irregular migration.
“You do not end migration by building higher walls. You do not defeat insecurity by relying only on military force, and you do not end poverty by preaching patriotism.
“You solve these challenges by building hope where hopelessness exists, equipping young people with practical skills, and creating opportunities where they live,” he said.
According to him, the pilot programme has demonstrated that children who have experienced neglect and exclusion can become innovators, entrepreneurs and contributors to national development when provided with quality education and opportunities.
He said one of the trainees, Mohammed, who arrived from the Niger Republic without speaking English, had acquired sufficient language proficiency within months to communicate confidently with customers while carrying out computer and electronics repairs.
Another participant, Fatima, discovered her interest in poetry during the programme and produced a poem celebrating New Horizons Nigeria, reflecting the broader personal development fostered by the initiative.
The organisers said the programme was inspired by concerns over the growing number of out-of-school children in Nigeria, estimated at about 30 million, and the broader global challenge of millions of children without access to education.
They argued that investing in digital skills, entrepreneurship and mentorship for vulnerable children offers a sustainable approach to addressing poverty, insecurity, youth unemployment and violent extremism.
As part of efforts to sustain the programme, the foundation said it had established a fully equipped workshop known as “The Almajiri Republic Workshop” in Wuse II, Abuja.
The workshop, according to the organisers, will serve as a commercial repair centre where graduates can provide computer and electronics repair services while continuing to strengthen their technical expertise.
The foundation called on the Presidency, federal and state governments, Ministries, Departments and Agencies (MDAs), members of the National Assembly, development partners, donor agencies, corporate organisations, civil society groups, religious institutions and other stakeholders to support the expansion of the initiative across Nigeria.
It maintained that scaling up the programme could transform millions of vulnerable children into skilled professionals capable of contributing to economic growth while reducing poverty, unemployment and insecurity.
The organisers said local and international media organisations, including CNN, BBC, Al Jazeera and ARISE News, had been invited to witness the graduation ceremony and the practical demonstrations by the pioneer graduates.
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