Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power projects across ...

Policy inconsistencies by successive administrations, which hinder home ownership in Nigeria, have been attributed to increasing housing deficit in Nigeria, Mr. Boss Mustapha, the Secretary to the Government of the Federation (SGF), has said. But experts in the industry having reviewed the challenge of housing deficit in the country have again preferred ways Nigeria can overcome her 17 million units ...

This article is a brief but detailed analysis of real estate market in Nigeria and how it contributed to GDP based on the report of Nigeria Bureau of Statistics (NBS) report. It is unarguable that the Real Estate market offers a great potential source of growth for Nigeria’s GDP. The real estate industry has been repeatedly touted as an undoubted goldmine ...

Nigeria Real Estate Hub correspondent was in an interview with the CEO of Tromville investment, Pastor Adeyemi Adeniyi A.K.A the Bishop of real estate. He shared six challenges he encountered as a developer in the built environment. Read his interview below NREH: We heard about your tremendous contributions as an employee in Property Mart and how you delivered 6 estates ...

This topic: Why do some Lagos Landlords avoid renting their houses to Igbo tenants? created a buzz on social media most especially among the Yorubas and Igbo folks. The Yorubas seem to have a history of bad experience(s) from renting their houses to the Igbo folks while the Igbos, on the other hand, feel maltreated by this generalization. How did they come ...

Our correspondent Rianat, was in an interview with Olayinka Dosekun, the CREATIVE DIRECTOR of Studio Contra Mundum. She spoke extensively about reaching clients with an equal enthusiasm for design, international collaborations and how government should tackle housing deficit in Nigeria NREH: How long has your company been in Nigeria and what are the challenges you have encountered so far? Olayinka ...

Federal Road Safety Corps (FRSC) has said that the several road constructions and networks in Osun have helped the Corps in discharging her constitutional duties across the state. The Zonal Commanding Officer of the Federal Road Safety Corps in-charge of Zone 11, ACM Olumide Michael Olagunju‎, stated this when he paid a working visit to Aregbesola at the Governor’s office ...

Developers– The momentum for housing finance support by mortgage banks, particularly in Abuja, appears to be shifting early to medium income and luxury homes, with the completion and kick-starting of new projects in the Federal Capital Territory (FCT). Over the years, the government had been the major player in the area of housing delivery in Nigeria, by providing direct finance ...

The Managing Director of Infinity Trust Mortgage Bank (ITMB) Olabanjo Obaleye has said it was difficult for mortgage industry to make a meaningful impact without government `s firm commitment to relax the policies surrounding property rights, perfection, and transfer in terms of time and cost. He stated this during the unveiling of new logo and brand direction of the bank ...

The Cross River Government says its target is to complete the 300kilometres of road projects it has embarked upon across the state by 2019. The state Commissioner for Works, Engr. Dane Osim-Asu, disclosed this in Calabar. Osim-Asu said the roads were being constructed with a view to linking together more communities and promoting economic activities in the state. “The Ministry ...