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Domak Shelter estate, NAPS Unveils Nigerian Youth/Students Land and Housing Investment Scheme

Published

4 years ago

April 27, 2021

Domak Shelter, a real estate and investment company in partnership with the National Association of Polytechnic Students (NAPS) has unveiled the Nigerian Youth/Students Land and Housing Investment Scheme to cater for the housing needs of polytechnic students.

Chairman, Domak Group, Mr Kingsley Azonobi at the endorsement of the project in Abuja on Tuesday, said the project was a foundation upon which students could advance the course of their future.

Azonobi said that the project would also provide a platform to secure the future of polytechnic students after their academic life.

According to him, Nigeria youths make up 70 per cent of the nation’s populace and their neglect is what account for under development and poverty that has sank deep into the foundation of this nation.

He said it was however worrisome to see that 70 per cent of the components of the populace don’t have a stake in governing machinery.

He called on stakeholders to give hope, life, value and capacity to the youths by investing in their future.

In the same vein, Mr Olalere Adetunji, President of NAPS said that the scheme would allow polytechnic students to secure their future while still an undergraduate.

Adetunji said the scheme would accommodate over 2 million polytechnic students adding that the mode of payment and registration could be done online.

He said that the scheme would also help to correct social vices among the students and as well secure their future.

According to him, considering the housing deficit in Nigeria between 1994 till now, there is 700,000 housing deficit annually which the provision of 100,000 units of housing by the government cannot meet.

Adetunji said there was however need for individuals and bodies to rise up to the need of housing provision for low income citizens which the polytechnic students fall within.

“ In 1992, the Federal Government launch an housing scheme called Home Savings Scheme, which was designed for civil servants alone.

“ After a critical research of the success and failure of the Federal Government Housing since 1992 till now, the leadership of NAPS in partnership with Domak Shelter came up with a better idea for the entire polytechnic students.

“ In the pursuit of better opportunity for the polytechnic students, the idea of creating an housing investment scheme was born which allow students to invest in real estate by buying a plot of land with a daily, weekly or monthly contributions.

“NAPS negotiate with Domak Shelter to give opportunity by allowing soft payment for studs such as a daily contribution of N350, N2,450 on weekly basis and N 9,800 on monthly basis depending on the financial strength of students,” he said.

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Foreign news

Diplomatic Community in Nigeria Joins Italian Envoy in National Day Celebration

Published

11 hours ago

June 2, 2025

The Gleamer

By Joel Ajayi

It was a vibrant evening of joy, connection, and cultural celebration as the Acting Ambassador of Italy to Nigeria, Mr. Iacopo Foti, hosted members of Nigeria’s diplomatic community in Abuja to commemorate Italy’s National Day, la Festa della Repubblica.

Held in the heart of Nigeria’s capital, the event was a memorable gathering marked by laughter, heartfelt exchanges, and a shared appreciation for the enduring ties between Italy and Nigeria.
In his address, Mr. Foti described the occasion as a time to reflect on the core values that define Italy: liberty, democracy, justice, and the enduring creativity and resilience of its people.

“It is a day to celebrate our rich history, our unparalleled cultural heritage, and our contributions to art, science, and innovation,” he said. “But beyond Italy, today we also celebrate the strong and growing bonds between the Republic of Italy and the Federal Republic of Nigeria — our economies, our cultures, and above all, our people.”

The ambassador emphasized the depth of the bilateral relationship, recalling that diplomatic ties between Italy and Nigeria were established on February 20, 1960. He noted that since the 1970s and 1980s, Nigeria has become a second home for many Italians who have contributed significantly across various sectors.

“We are proud to be part of this welcoming and vibrant society,” he said. “I have personally witnessed the dedication, entrepreneurial spirit, and warmth of the Nigerian people, as well as their hospitality toward the Italian community.”

Looking ahead, Mr. Foti expressed optimism about the future of Italy-Nigeria relations, pointing to untapped opportunities for deeper economic cooperation, technological collaboration, and cultural and academic exchange.

“Nigeria is a cultural powerhouse, a leader in Africa and globally in art, literature, and film,” he remarked. “Italy, with its deep-rooted cultural legacy, is eager to expand its engagement with Africa, and particularly with Nigeria.”

He acknowledged the growing Nigerian interest in Italian culture — from fashion and design to cinema and tourism — while noting that Italy hosts the third-largest Nigerian diaspora community globally, after the United States and the United Kingdom.

The ambassador also highlighted the countries’ cooperation on global challenges such as climate change, peace and security, migration, and human trafficking. Both nations are signatories to the Paris Agreement and active participants in global policy dialogues.

“Our relationship is built on mutual respect and understanding,” he noted. “We see this in our economic ties, cultural exchanges, love for football, and the increasing number of Nigerians who study and travel to Italy, as well as Italians drawn to Nigeria’s rich history and culture.”

He pointed out the many shared qualities between Italians and Nigerians, from strong family values and communal bonds to a vibrant fashion industry and a dynamic film sector.

“We are both historically migrant societies that have achieved success abroad while keeping close ties to our homeland,” Mr. Foti said. “We share humor, resilience, and a deep appreciation for life’s ironies.”

Addressing the issue of stereotypes, he cited renowned Nigerian author Chimamanda Ngozi Adichie, saying: “The single story creates stereotypes, and the problem with stereotypes is not that they are untrue, but that they are incomplete.”

He concluded by expressing gratitude for the support of Nigerian authorities and all who attended the celebration.

“On behalf of the Italian government and the people of Italy, I extend my sincere thanks to everyone who joined us. Your presence is a testament to the strength of our friendship and our shared future.”

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