Business
Experts Canvass Building Plans Approval Processes Review
Some real estate
development experts have demanded an overhaul of the process leading to the approval of building plans by state governments.
They said in an interview with newsmen in Lagos last Thursday that government bureaucracy in getting building plan approvals was posing a huge obstacle to bridging the nation’s housing deficit.
According to them, the process is cumbersome, too demanding and time wasting in meeting the needs of urbanisation and overall development.
Mr Makinde Ogunleye, former Chairman, Nigerian Institute of Planners (NITP), Lagos Branch, said that the property industry might not record significant growth until the process was overhauled to reflect the demands of housing in an emerging economy.
Ogunleye said that the obstacles in acquiring the approvals had greatly slowed down the pace of structural developments in the states.
He said that some developers and investors, who showed interest in the sector, had in most cases pulled out following the difficulties they encountered in the process.
Ogunleye said that the bureaucratic bottleneck had also made many developers to circumvent the laws by building without approved documents from the government.
“A good number of projects in the state are now being developed without a building plan certificate.
“The underdevelopment of this industry can be repositioned if developers are given the permit to embark on project developments as they wanted,” he said.
Also speaking, Mr Ladipo Lewis, Chairman, Nigerian Institute of Architects (NIA), Lagos Branch, also raised the issue of disparity in approvals issued by governments.
Lewis said that the classified treatment of various applications also contributed to the dismal interest of investors, especially foreign concerns in the nation’s real estate sector.
“The whole system is corrupt, what they require from Mr A is different from that of Mr B.
“The process and requirements need to be reviewed to make it more transparent and uniform to all, irrespective of the individuals’ status,” he said.
Mr Ayo Adejumo, Executive Secretary, Association of Town Planning Consultants of Nigeria (ATOPCON) said that an application was not supposed to exceed 30 days before approval.
Adejumo said that the requirements for getting the approvals have not been clearly publicised for the general public to be aware.
“Many people do not have adequate knowledge of all it entails to get a building plan approval from the state government to develop projects.
“The responsible authorities for issuing this document should come out openly and announce to the public, the stipulations, terms and conditions guiding it,” he said.
He also said that some amendments had been made to the procedures and requirements without formal notification to the public.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter