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FG Advocates Smart Technology for Efficient Housing

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Senator Gbenga Ashafa, the Managing Director/Chief Executive of Federal Housing Authority, FHA, has called on stakeholders in the housing sector to embrace smart technology for efficient housing delivery in Nigeria.

Ashafa said this at the Real Estate Discussions and Awards Ceremony organised by Thinkmint Nigeria, sponsored by Octo5 Holdings, Federal Housing Authority Mortgage Bank, Homework Development and Properties, Urban Shelter and Purple in Lagos.

The event, tagged “Real Estate Markets Signals in Africa: Trends and Opportunities”, brought together real estate experts, government representatives, international institutions and investors in the real estate sector.

He said that current technology is predominantly “brick and mortar” and that there is an urgent need to look to more viable alternatives to reduce costs while enhancing efficiency and minimising environmental impact.

Ashafa said the world is fast embracing “smart” technology and Africa cannot afford to be left behind.

The presence of technology will influence business and building processes as well as consumer behaviour.

He noted that Housing, though one of the basic needs of man, is, however, not only shelter.

“It also facilitates holistic development within a planned economy. Safe, efficient, secure and affordable housing leads to a better quality of life for citizens.

“Real estate investment is the pedestal for economic growth and development. It is the bedrock upon which many countries have attained a vibrant economy,” Ashafa said.

Ashafa further stressed that more than ever before, the real estate sector remains the asset of choice for investment.

A boost in growth is expected despite COVID-19 headwinds which will provide opportunities in the various subsectors.

Although he noted that the major challenge will be the third wave of COVID-19, he added that “We trust, however, that human resilience will ultimately triumph.”

He went further to encourage investors deciding to invest in Africa’s real estate market to explore the potential for local partnerships.

“It is important that investors explore the potential for local partnerships. Not only may this be required by legislation, but such a partnership could also bring local expertise to help identify and overcome difficulties in doing business in the local environment.

“Partners can also help to spot potential changes in policy, shifts in trends, allowing foreign investors with a limited local presence to make informed decisions on future real estate investments.

“Real estate markets work best when authorities take the right policy decisions, the other stakeholders/players play their role and there is good interaction between the two sides.”

In his presentation, Oumar Sylla, the Director, Regional Office for Africa, United Nations Human Settlements Programme, said that various towns in Africa faces pronounced urban planning and management capacity challenges which may also constrain COVID-19 responses.

He said the need for a new polices around local COVID-19 and urban health management communication strategies, multi-stakeholder community engagement, map and update data on vulnerable groups to ensure evidence-based support and integrated urban and local area data management systems is imperative.

“We need policies that will target informal settlements through tailored measures, provide COVID 19 tailored health care services to informal settlements, establish participatory data collection systems in informal settlements, study the gender and urban poor profiles in slums and informal settlements and design recovery and development responses, including women and girls, migrants, people with disability.

“Through participatory planning approach, design basic street layout to improve the connectivity within neighborhoods.

“Develop informal settlement regeneration and restructuration plans to be integrated into national priorities and strategies to address root causes of vulnerability,” he said.

Also speaking at the event, Imelda Usoro-Olaoye, Managing Partner of Thinkmint Nigeria, organisers of Real Estate Discussions and Awards (REDA) said that the programme is a celebration of innovation, Leadership, and Growth of the Real Estate and Property Industry.

“The award is set to honour real estate game changers, companies, products, and personalities that have made contributions to the development of the sector,” she said.

Among the awardees at the event were Lifetime Achievement Award to the growth of the Nigerian Real Estate industry, won by the Minister of Works and Housing, Babatunde Raji Fashola;

Real Estate Woman of the Year, Chief Executive Officer, Urban Shelter, Saadiya Aliyu; Special Recognition Award for the Growth & Development of Nigeria Real Estate industry, Chief Executive Officer, The Nigeria Mortgage Refinance Company (NMRC), Kehinde Ogundinmu, and Luxury Project of the year, Azuri Towers by Eko Atlantic, among others.


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MultiChoice Secures 12 Warner Bros. Discovery Channels in New Multi-Year Deal

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MultiChoice, a CANAL+ company, has retained the distribution rights to 12 Warner Bros. Discovery thematic channels following the signing of a new multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery, marking a significant expansion of their long-standing partnership.

MultiChoice Secures 12 Warner Bros. Discovery Channels in New Multi-Year Deal

MultiChoice

The new deal, which spans several regions across Africa and Europe, covers the distribution of HBO Max as well as the renewal of selected Warner Bros. Discovery thematic channels. It represents a major milestone in the companies’ international collaboration and strengthens content offerings across MultiChoice Group territories.

MultiChoice disclosed that this agreement builds on earlier partnerships concluded in Europe. “It builds on the landmark agreements concluded in France in 2024,including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France and the integration of HBO Max within select CANAL+ group offers – as well as in Poland in 2025, with the renewal of the distribution agreement for 22 thematic channels (including TVN 24 and Eurosport) and 4 free-to-air channels (including TVN).”

Under the renewed arrangement, MultiChoice Group will continue to distribute 12 Warner Bros. Discovery thematic channels across its territories, with some channels offered on an exclusive basis. CNN International and Cartoon Network will remain exclusive to South Africa while being distributed non-exclusively in other markets. Cartoon Network Porto will be exclusive in Angola and Mozambique and non-exclusive elsewhere. Other channels such as Discovery Channel, TLC, HGTV, Food Network, TNT Africa, Travel, ID and Cartoonito will be offered on a non-exclusive basis.

According to the partners, the deal reinforces CANAL+ Group’s channel portfolio on the continent. “This agreement enables CANAL+ Group to strengthen its entertainment, kids, news, and documentary channel offerings in African markets.”

The agreement is also expected to improve access for CANAL+ Group subscribers to Warner Bros. Discovery’s premium content through HBO Max and selected channels, including globally recognised series and films, further extending the studio’s international reach while consolidating MultiChoice’s content offering in key markets.

 


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Nigeria Police suspends tinted glass permit enforcement over court injunction

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Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.

Nigeria Police suspends tinted glass permit enforcement over court injunction

Tinted glass permit

The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.

An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.

Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.

The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.

IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.


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NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

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Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.

According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.

The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.

Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.

He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.

Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.

In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.

Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.


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