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Federal Government, Firm Explore National Housing Bond to Tackle Housing Financing

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The Federal Government is collaborating with Signature Advisory Limited, a real estate company, to explore the benefits of National Housing Bond to tackle the challenges of funding in housing financing in the country.

The plan to explore the National Housing Bond was unfolded on Tuesday in Abuja when the Federal Ministry of Works and Housing (FMWH) and the Signature Advisory co-hosted the Housing Investment Forum.

The News Agency of Nigeria (NAN) reports that the objective of the forum is to explore the option of floating a national housing bond, proceeds of which will be made available to private sector housing developers across the geographical zones.

This is expected to provide the much-needed funding that has been available to developers and expand the housing infrastructure in the country thereby improving the quality of life of citizens.

In his Keynote address at the forum, the Minister of Works and Housing, Mr. Babatunde Fashola, gave credit to Signature Advisory Limited for the initiative for lashing on statements he had made on the need to improve housing financing.

”Government as an enabler could visit the redeployment of her fiscal and monetary policy tools in order to unlock the financing side of the housing sector.

“I am happy to see a few things, very rapid emergence of the private sector players in the housing supply setup in last five or so years.

“it’s something as a government we must want to multiply, you must want to improve upon in terms of its quality and reliability.

“We want this to become sustainable for the future of housings, where responsible players will do what they say they can do.

“It is important that government keeps the line of communication open and invigorated. It may be a bond it may be real estate investment trust, it may be the reform and the national housing fund itself.

“It may be fast credit scheme for housing, it may be a sukuk and it may be none of them and it may be all of them whatever it is, I hope it is innovative,” he said.

Fashola said whichever it was he hoped that it was workable, accessible and sustainable to finance not only the construction of houses but also to acquire them.

“And create the real housing economy of Nigeria, building the housing economy that influences everybody from top to bottom and creates a sustainable career path and investment part that people can plan their lives around.

“We will take all the recommendations that will come out of this meeting and seek to give life to it,” Fashola said.

On his part, Mr. Samson Davies,  Managing Director of Signature Advisory Limited, said over the years Nigeria had witnessed significant growth in its Gross Domestic Product with the service sector comprising the real estate industry contributing significantly.

He said the collaboration with the ministry would support the existing efforts of private real estate players in Nigeria and eventually open a flood gate of affordable funding for mass housing development.

Davies concluded by saying that the forum would explore modalities and feasibilities of a possible Public-Private Partnership for housing development through the National Housing Bond, proposed to be raised in the Nigerian Capital Market.

The Director-General Securities and Exchange Commission, Mr Lamido Yuguda, speaking on the role of his commission in the process said housing affordability remained a challenge.

Yuguda said to mitigate the funding gap in the housing sector, Primary Mortgage Institutions had seen the Nigerian Capital Market as a viable channel for accessing affordable long-term funding at a relatively low rate.

“Hence the need for collaboration with registered capital market operators to bridge this identified gap,” he said.

He was represented at the forum by  Mr. Temidayo Obisan, Executive Commissioner Operations, Securities and Exchange Commission.

Also speaking at the event the Director-General, Debt Management Office, Mrs. Patience Oniha, recommended that there must be improvement on existing structures and processes to increase efficiency and improve access to funding.

Oniha said this could be done when the private sector developers raised funding in their homes, supported by guarantees with proper risk management frameworks and controls in place.

Also, strict monitoring to ensure delivery and repayment of the bonds and amendment of laws to enable foreclosure and establish dedicated commercial court.

Lifestyle

Kaduna Governor Commissions Nigeria’s First 100-Building Prefabricated Housing Estate

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Kaduna, Nigeria – November 6, 2025 — In a major milestone for Nigeria’s housing sector, the Governor of Kaduna State has commissioned a 100-unit mass housing estate developed by Family Homes and executed by Karmod Nigeria, marking the first-ever large-scale prefabricated housing project in the country.

Completed in under six months, the innovative project demonstrates the power of modern prefabricated construction to deliver high-quality, affordable homes at record speed — a sharp contrast to traditional building methods that often take years.

Each of the 100 units in the estate is designed for a lifespan exceeding 50 years with routine maintenance. The development features tarred access roads, efficient drainage systems, clean water supply, and steady electricity, ensuring a modern and comfortable living environment for residents.

According to Family Homes, the project represents a new era in Nigeria’s mass housing delivery, proving that cutting-edge technology can accelerate the provision of sustainable and cost-effective homes for Nigerians.

“With prefabricated technology, we can drastically reduce construction time while maintaining top-quality standards,” said a spokesperson for Family Homes. “This project is a clear demonstration of what’s possible when innovation meets commitment to solving Nigeria’s housing deficit.”

Reinforcing this commitment, Governor Uba Sani of Kaduna State emphasized the alignment between the initiative and the state’s broader vision for affordable housing.

“The Family Homes Funds Social Housing Project aligns with our administration’s commitment to the provision of affordable houses for Kaduna State citizens. Access to safe, affordable and secure housing is the foundation of human dignity. We have been partnering with local and international investors to frontally address our housing deficit,” he said.

Also speaking at the event, Mr. Ademola Adebise, Chairman of Family Homes Funds Limited, noted that the project embodies inclusivity and social progress.

“The Social Housing Project also reflects our shared vision of inclusive growth, where affordable housing becomes a foundation for economic participation and improved quality of life.”

Karmod Nigeria, the technical partner behind the project, utilized its extensive expertise in prefabricated technology to localize the process, employing local artisans and materials to enhance community participation and job creation.

Industry experts have described the Kaduna project as a blueprint for future housing initiatives nationwide, capable of addressing the country’s housing shortfall more efficiently and sustainably.

With this pioneering development, Kaduna State takes a leading role in introducing modern housing technologies that promise to reshape Nigeria’s urban landscape.

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Books

The Pioneer’s Burden: Building the First Private Network in a Vacuum of Power

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  • Book Title: The Making of Bourdex Telecom
  • Author: David Ogba Onuoha Bourdex
  • Publishers: Bourdex
  • Reviewer: Emeaba Emeaba
  • Pages: 127

In the history of Nigerian entrepreneurship, stories of audacity often begin with frustration. A man waits hours in a dimly lit government office to place a single overseas call, his ambitions held hostage by bureaucracy. From that moment of exasperation, an empire begins. Such is the animating pulse of The Making of Bourdex Telecom, David Ogba Onuoha Bourdex’s sweeping autobiographical account of one man’s effort to connect the disconnected and to rewrite the telecommunications map of Eastern Nigeria.

At once memoir, corporate history, and national parable, the book reconstructs the emergence of Bourdex Telecommunications Limited—the first indigenous private telecom provider in Nigeria’s South-East and South-South regions—against a backdrop of inefficiency, corruption, and infrastructural neglect. Its author, a businessman turned visionary, narrates not merely how a company was built but how a new horizon of possibility was forced open in a society long accustomed to closed doors.

Bourdex begins with a stark diagnosis of pre-deregulation Nigeria: a nation of over 120 million people served by fewer than a million telephone lines. Through a mix of statistical precision and personal recollection, he paints a portrait of communication as privilege, not right—of entire regions condemned to silence by state monopoly. His storytelling thrives in such contrasts: the entrepreneur sleeping upright in Lagos’s NET building to place an international call; the Italian businessman in Milan conducting deals with two sleek mobile phones. That juxtaposition—between deprivation and effortless connectivity—serves as the book’s moral axis.

From these moments of contrast, Bourdex constructs the founding myth of his enterprise. What began as an irritation became a revelation, then a crusade. “I saw a people left behind,” he writes, “a region cut off while others dialed into the future.” His insistence on framing technology as a means of liberation rather than profit underscores the moral ambition that threads through the book. The Making of Bourdex Telecom reads not like a manual of business success but like an ethical manifesto: to build not simply for gain, but for dignity.

As the chapters unfold, Bourdex’s narrative oscillates between vivid personal storytelling and granular technical detail. He recounts his early business dealings in the 1980s and ’90s, the bureaucratic mazes of NITEL, and the daring pursuit of a telecommunications license under General Sani Abacha’s military government. There is a cinematic quality to his recollections—the tense midnight meetings in Abuja, the coded alliances with military officers, the improbable friendships that turned policy into possibility.

These sections recall Chinua Achebe’s The Trouble with Nigeria in tone and intention: both works diagnose the systemic failures of governance but find redemption in individual initiative. Yet Bourdex’s narrative differs in form. Where Achebe offered moral critique, Bourdex offers demonstration—an anatomy of perseverance in motion. He documents the letters, negotiations, and international correspondences with Harris Canada, showing how an indigenous company emerged through sheer force of will and global collaboration.

Such passages risk overwhelming the reader with acronyms, specifications, and telecom jargon—R2 signaling, SS7 interconnection, E1 circuits—but they also lend the book an authenticity rare in corporate memoirs. What might have been opaque technicalities become, under Bourdex’s hand, instruments of drama. The machinery of communication becomes metaphor: wires and waves as extensions of faith and tenacity.

To situate The Making of Bourdex Telecom within Nigeria’s socio-political history is to confront the paradox of private enterprise under public decay. The book chronicles the twilight of NITEL’s monopoly, the hesitant dawn of deregulation, and the emergence of entrepreneurial actors who filled the void left by government paralysis. In this sense, Bourdex’s story parallels that of other indigenous pioneers—figures such as Mike Adenuga and Jim Ovia—whose ventures in telecommunications and banking transformed the national economy from the late 1990s onward.

Yet Bourdex’s tone is less triumphant than reflective. He does not romanticize deregulation; he portrays it as both opportunity and ordeal. The government’s inertia, the labyrinthine licensing process, and the outright extortion by state agencies form the darker undertones of his tale. His clash with NITEL’s leadership—recounted with controlled indignation—stands as one of the book’s most gripping sequences. When a senior official demanded an illegal payment of ₦20.8 million for interconnection rights, Bourdex’s defiant reply, “You are not God,” rang out like an act of civil disobedience. In such moments, the narrative transcends the genre of business autobiography and enters the moral theatre of national reform. The entrepreneur becomes citizen-prophet, challenging a corrupt establishment with the rhetoric of justice and self-belief. That blending of economic narrative with civic conscience is perhaps the book’s most compelling feature.

Stylistically, The Making of Bourdex Telecom occupies an intriguing space between oral history and polished memoir. The prose is direct, rhythmic, and often sermonic, reflecting its author’s background as both businessman and public speaker. Anecdotes unfold with the cadences of storytelling; sentences sometimes pulse with the energy of spoken word: “Amateurs built the Ark. Professionals built the Titanic.” The repetition of such aphorisms imbues the work with a sense of conviction, though occasionally at the expense of subtlety.

Where the book excels is in its evocation of atmosphere—the dusty highways between Aba and Lagos, the sterile corridors of power in Abuja, the crisp air of Calgary where the author first glimpsed technological modernity. These scenes transform what could have been a linear corporate chronicle into a textured work of memory.

Still, the narrative structure is not without flaws. The absence of an external editor’s restraint is occasionally felt in the pacing; digressions into technical exposition or moral reflection sometimes interrupt narrative flow. Readers accustomed to the concise storytelling of international business memoirs—Phil Knight’s Shoe Dog or Elon Musk’s authorized biography—may find the prose dense in places. Yet such density mirrors the complexity of the terrain Bourdex navigated. His sentences, like his towers, are built from layers of persistence.

Beyond its entrepreneurial chronicle, the book doubles as social history—a record of Eastern Nigeria’s encounter with modernization. The chapters on “The FUTO Boys,” a cadre of young engineers recruited from the Federal University of Technology, Owerri, offer a microcosm of the new Nigerian professional class emerging in the late 1990s: educated, idealistic, and determined to prove that technical expertise could thrive outside the state. Their improvisations—installing antennas by candlelight, building networks amid power outages—embody the collective grit that sustained Bourdex’s vision.

The narrative’s cumulative effect is generational. Through the story of one company, we glimpse a society in transition—from analogue isolation to digital awakening. The book captures that liminal moment when the sound of a dial tone became a symbol of freedom.

Running through The Making of Bourdex Telecom is a persistent theology of success. Bourdex attributes every turn in his journey to divine orchestration: friendships “placed by the Invisible Hand,” setbacks reinterpreted as “divine redirections.” Such language, while characteristic of Nigerian entrepreneurial spirituality, acquires here an almost literary force. It recasts corporate history as providential narrative, where the invisible infrastructure of grace mirrors the visible architecture of towers and transmitters.

For some readers, this piety may feel excessive; yet it provides the emotional coherence of the book. The author’s faith is not ornamental—it is constitutive. Without it, the story of Bourdex Telecom would read as mere ambition. With it, it becomes vocation.

The foreword by Abia State Governor Alex Otti and the preface by former Anambra Governor Peter Obi frame the book as both inspiration and instruction. They read Bourdex’s career as parable: the triumph of private initiative over public inertia. Yet their presence also situates the work within Nigeria’s broader discourse on nation-building. The Making of Bourdex Telecom is not only the autobiography of an entrepreneur; it is a treatise on indigenous agency—on what happens when Africans cease to wait for imported solutions and begin to engineer their own.

In this respect, the book extends its influence beyond its immediate industry. Its lessons—about courage, timing, friendship, and faith—extend to any field where innovation must contend with adversity.

Judged as a work of literature, The Making of Bourdex Telecom is direct and sincere. Its prose favors clarity over ornament, and its authenticity gives the story a compelling sense of truth. Bourdex writes not to embellish, but to bear witness—to a time, a struggle, and a conviction that technology could serve humanity. The result is a hybrid work: part documentary, part sermon, part memoir of enterprise.

As a contribution to Nigerian business literature, it deserves serious attention. Few firsthand accounts capture with such detail the messy birth of private telecommunications in the 1990s—a revolution that reshaped the country’s economic and social fabric. In its pages, we hear both the crackle of the first connected call and the larger resonance of a people finding their voice.

Bourdex’s central message endures: progress begins when frustration becomes purpose. His journey from the backrooms of NITEL to the boardrooms of international telecoms is not merely personal triumph; it is a chapter in Nigeria’s unfinished story of modernization.

In the end, The Making of Bourdex Telecom stands as more than the history of a company. It is an ode to enterprise as nation-building, and to the stubborn optimism of those who refuse to let silence define them.

See the book on Amazon: >>>>>

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♦ Dr. Emeaba, the author of “A Dictionary of Literature,” writes dime novels in the style of the Onitsha Market Literature sub-genre.

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Houston

Houston and Owerri Community Mourn the Passing of Beloved Icon, Lawrence Mike Obinna Anozie

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Houston was thrown into mourning on September 19, 2025, following the sudden passing of businessman and community advocate Lawrence Mike Obinna Anozie, who peacefully joined his ancestors. Immediate family member in Houston, Nick Anozie, confirmed his untimely death and expressed gratitude for the outpouring of love and condolences from both the Houston and Owerri communities.

Lawrence was born to Chief Alexander and Lolo Ether Anozie of Owerri in Imo State, Nigeria, and will be dearly remembered by family members, friends, and the entire Houston community.

An accomplished accountant, the late Lawrence incorporated and successfully managed three major companies: Universal Insurance Company, LLC, Universal Mortgage LLC, and Universal Financial Services. Through these enterprises, he not only built a thriving business career but also created opportunities for countless individuals to achieve financial stability. His contributions to entrepreneurship and community development will remain a lasting legacy.

According to the family, arrangements for his final funeral rites are in progress and will be announced in due course.

Lawrence will forever be remembered as a loving and compassionate man who dedicated much of his life to uplifting others. He helped countless young Nigerians and African Americans overcome economic challenges by providing mentorship, financial guidance, and career opportunities. His generosity touched the lives of many who otherwise might not have found their footing. A devout Catholic, he was unwavering in his faith and never missed Mass, drawing strength and inspiration from his church community. To those who knew him, Lawrence was not only a successful businessman but also a pillar of kindness, humility, and faith whose legacy of service and compassion will continue to inspire generations.

For more information, please contact Nick Anozie – 832-891-2213

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