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Real Estate Challenges: BSTAN GROUP President Solicits Government Support

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JOEL AJAYI

To mitigate the burden of housing Nigerians, the Government at all levels has been urged to provide support for the real estate in the country a request if granted would go a long way in solving real estate challenges in the country.

The President of BSTAN Group a real estate firm, Dr. Becky Olubukola made the plea while addressing pressmen in her Abuja office saying  that the real estate business has the potential to grow the Nigerian economy.

Also, Dr. Olubukola admonished government to develop better ways of helping Nigerians, particularly real estate firms to provide affordable housing to its citizen

She stated that, the housing deficit is at 22 million now, and was at 17 million six years ago.

It will be recalled that, before now, Dr.  Olubukola has been canvassed with other stakeholders in the industry to implore the Nigerian Government to concentrate on the real estate sector.

According to her, Nigeria as a Nation must do better to cater to its citizens.

“The government must aggressively engage the private sector in resolving Nigeria’s housing and property ownership issues.

“A policy framework in terms of supportive regulations and increased access to financing would provide the real estate sector with much-needed stability and development. The government can concentrate on providing geographic incentives like tax breaks, grants, and major reductions to incentivize property developers to build in semi-urban and fewer luxury locales, making it simpler for Nigerians to buy houses.”

BSTAN CEO added that: “2020 was an unusual year in the history of mankind, everyone around the world dashed into the year with bags of dreams and wishful thinking.

“What seemed like a prosperous year quickly turned into a year of global disaster, and everyone was fighting and struggling to stay alive.

“There was a standstill for months during the lockdown and staggering businesses were quick to collapse, people lost their jobs, a lot of people got evicted from their homes, life comes at us fast.”

It’s also on record that even before the pandemic year, HRH (DR.) Olubukola has been advocating for quality and affordable housing for the over 14 million homeless Nigerians. She saw the future when she implored the Government to invest in the real estate sector, as it can boost Nigeria’s GDP by 30 to 35 percent.

Speaking on the issue of lack of employment and insecurity in the countr Dr. Becky stated that an investment in the real estate sector is an investment in security, youth empowerment, job security, and health care. Most people fall sick from living in an unhealthy environment. That explains the quality of IDPs’ health.

“It is tough to claim that shelter is not a basic human necessity. Everyone in our society should have the right to decent, affordable homes. The explanation is simple: without a secure home, all else crumbles. Housing, along with food and clothes, is usually recognized as one of the most basic human necessities. It is also a major indicator of a person’s level of life and, in some cases, of a person’s place or standing in society.

According to Dr. Becky, it is the first and most essential of all rights. According to her, housing is now a right because of the importance attached to its provision, as well as the fact that housing, in all its ramifications, is more than just shelter because it encompasses all social services and utilities that contribute to making a community or neighborhood a livable environment.

“The Abuja real estate sector is volatile, and the Government isn’t making things easy. If Nigeria must solve the 22 million housing deficit. The government must partner with Stakeholders such as BSTAN Group to power our housing sector and boost our GDP by 35 percent.”

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NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow

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By Dayo Israel, National Youth Leader, APC

As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.

Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.

Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.

But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.

As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.

Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.

Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.

Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.

As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.

Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.

Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.

As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.

We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”

To President Tinubu: Thank you for daring to dream big and backing it with action.

To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.

And to every Nigerian youth: Apply. Graduate. Conquer.

Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.

The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.

Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).

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