Nigeria’s on-line housing portal, loans and knowledge privateness, information roundup • •

Hello there,

Right now I’m discussing:

  • Nigeria’s first on-line housing portal
  • NITDA’s Crackdown on knowledge privateness abuse
  • A handful of different information

Nigeria’s first on-line housing portal

Picture by Alexander Trukhin on Unsplash

On Friday, November 12, 2021, Nigeria’s federal authorities launched an internet housing portal to start the sale of homes below the Nationwide Housing Programme.

The overall variety of homes prepared for inhabitation stands at 5000 in 34 states, together with the Federal Capital Territory, Abuja, though the projected quantity is 300,000. 

Homes listed on the portal are bungalows, condominiums, and semi-detached bungalows that price between ₦7 million ($17,067.68) and ₦16.2 million ($39,499.49) and goal low and middle-income earners. Bungalows are offered with accompanying land. 

In keeping with Nairametrics, Babatunde Fashola, Nigeria’s Minister of Housing and Works, mentioned, “That is the primary time we have now a platform that each Nigerian has entry to. This offers a chance for all Nigerians to use and guarantee a good strategy of allocation.”

Per Fashola, the portal is open to members of the general public, including that the net types allowed for extra openness, restricted human interventions, and would maintain the federal government extra accountable.

Naturally, I looked for homes on the portal, beginning with Lagos State however quickly hit a snag; no properties have been listed within the state. In keeping with Fashola, the Lagos State and Rivers State governments haven’t offered any land for the programme.

On-line utility is obligatory with a non-refundable utility payment of ₦10,000 ($24) with choices to personal outrightly, lease to personal, or apply for a mortgage.

Clicking via the appliance portal, it seems a principally on-line course of with little or no want for human intervention till the shape is submitted. After this, the choice course of turns into a bit imprecise however is alleged to be on a “first-come, first-served foundation.”

Contemplating ongoing woes with worldwide passport functions in Nigeria — a predominantly on-line course of — ought to Nigerians be cautious?

Crackdown on knowledge privateness abuse

Picture Credit score: wuestenigel Flickr by way of Compfight cc

The Nationwide Info Know-how Improvement Company (NITDA) introduced on Friday, November 12, 2021, its partnership with the Federal Competitors and Shopper Safety Fee (FCCPC) to sort out knowledge privateness abuse by cash lending operators.

Part 17(a) of the Federal Competitors and Shopper Safety Act (FCCPA) 2019 empowers the FCCPC to manage and implement each Nigerian regulation regarding competitors and the safety of shoppers.

If I used to be to create a ballot, likelihood is a number of of our Nigerian readers might need obtained a textual content message informing them {that a} named particular person had defaulted on a mortgage, with a bunch of veiled and never so delicate threats connected.

In August 2021, Soko Lending Firm, a Nigerian on-line lending platform, was slammed with a ₦10 million ($24,277) superb by the NITDA for privateness invasion.

In keeping with Hadiza Umar, Head, Company Affairs and Exterior Relations, NITDA, “The Company has obtained over 40 petitions from members of the general public on the non-public knowledge abuse of some lending firms.

“The partnership with FCCPC will result in a extra sturdy and concerted regulatory method which we consider would be certain that Nigerians get mandatory reprieve from the unlawful use of their private knowledge for cash lending operations. The partnership would entail joint investigations, enforcement and potential prosecution.”

At first look, this appears to be a traditional case of two heads is best than one, and I’m wondering if tales like these may lastly grow to be non-existent.

A rundown of the information

  1. Some Ugandan information: On Thursday, November 11, 2021, African fintech startup, Chipper Money launched its International Shares Investing product which might allow Ugandans to purchase shares in US firms for as little as $1 (Ush 3,500). This follows a number of attention-grabbing performs by the corporate in the previous few months — growth into the US, Twitter Ideas integration, and most just lately, a $150 million Collection C extension early this month. Harking back to fintechs like Chaka, Risevest, Bamboo, and Trove, that is the nation’s first fractional inventory investing platform.
  2. Extra Ugandan information: Zembo, a French startup with operations in Uganda, has introduced a $3.4 million funding from Mobility 54 Funding SAS, DOB Fairness and InfraCo Africa. Based in 2018, the corporate sells electrical bikes via a lease-to-own programme. 
  3. South African insurtech, Root on Thursday, November 11, 2021, introduced a $3 million funding with plans to develop the low-code platform into markets in Europe. Invenfin, Base Capital, Savannah Fund, P1 Ventures, Luno and FireID took half within the spherical. Based in 2016 by Louw Hopley, the startup helps companies and builders launch insurance coverage merchandise sooner with much less coding.
  4. Sudan Web woes: Sudan’s Telecommunications and Publish Regulatory Authority, on Thursday, November 11, 2021, issued an announcement saying the Web shutdown stays in power till additional discover. This started on Monday, October 25, 2021, after information of an tried coup started. Courts have ordered the restoration of Web companies twice — Tuesday, November 9, 2021, and Thursday, November 11, 2021. 

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What I’m studying/watching

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Opportunites

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Have an amazing week!


Author, Humanoid, Endlessly she/her, Lover of phrases.


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