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Federal Government determined to revitalise housing and urban development sector

Federal Government determined to revitalise housing and urban development sector

According to PM News, the Federal Government says it is determined to revitalise the land, housing and urban development sector for socio-economic development. Alhaji Mohammed Bukar made this known on Wednesday at the sixth meeting of the National Council on Lands, Housing and Urban Development, Abuja. Bukar noted that the Federal Government demonstrated its determination on the sector through the ...

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Property consultant wants banks to revamp mortgage market

Expert wants banks to revamp mortgage market

“In a bid to proffer solutions to the nation’s housing deficit, a property consultant, Mr Afolabi Solesi, has advised commercial banks to assist in revamping the nation’s mortgage market for efficiency.”- The News Solesi, a former Chairman, Nigeria Institution of Surveyors (NIS), Lagos Chapter, gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday in ...

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Dangote to establish world-class university in Abuja

Dangote to establish world-class university in Abuja

“The President and founder of Dangote Foundation, Aliko Dangote, has set aside N200 billion to establish a world-class university in Abuja.”- Premium Times PREMIUM TIMES learnt that the proposal has since been delivered to the National Universities Commission, NUC. A former Executive Secretary of the NUC, Julius Okojie, who is the chairman of the technical team for the establishment of ...

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Kano state to grant land and tax incentives to investors

Kano state to grant land and tax incentives to investors

Gov. Abdullahi Ganduje of Kano State on Wednesday says the state is ready to grant land and tax incentives to investors, to revolutionise agriculture and promote investments in various sectors. Ganduje said this at the 2017 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos with the theme “African Business: Penetrating through Institution Building’’. The governor spoke at ...

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Valuer blames banks for low real estate investments

real estate investments

The Tide reports that an Estate Surveyor and Valuer, Hannibal Adodo, has blamed commercial banks in Nigeria for low real estate investments, as compared to other developed countries of the world. He also indicted  commercial banks for their failure to assist people who do investment in the real estate sector. Adodo, who made the remarks while interacting with newsmen at ...

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Governments urged to give tax incentives to increase housing supply

increasing housing supply

“Governments at federal and state levels have been urged to give tax incentives, such as a holiday, for cooperative societies investing in real estate to enable them increase housing supply and ultimately drag down house prices for buyers, especially the low income earners.”- Business Day Meckson Innocent Okoro, an estate surveyor and valuer, who made this call recently, also urged ...

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Givers Embassy to provide one million affordable houses for Nigerians

one million affordable houses for Nigerians

The Nation reports that a religious organisation, Givers Embassy, said it has concluded arrangements to provide one million affordable houses for Nigerians every year. The church, which is the first no-tithe, no-offering church in Nigeria, unveiled the housing plan to journalists, explaining that the initiative was not just “an appeal to build affordable houses for our people, it is a ...

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Real estate investors cautious with investing in Abuja

real estate investors

“Real estate investors have become very cautious with investment in Abuja, Nigeria’s federal capital territory, despite the compelling investment opportunity which the market in that small but very vibrant city offers. With a rapidly growing population of over three million, Abuja is a very strong market comprising A and B level consumers which underpins the residents’ potential buying power.”- Business ...

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Ambode decries lack of standards in real estate agency in Nigeria

real estate agency in Nigeria

According to The Guardian, Lagos State Governor Akinwunmi Ambode has decried lack of standards in real estate agency in Nigeria. He said Nigerians had been defrauded to the tune of several billions of naira as a result of the activities of dubious and unqualified agents. Ambode, who spoke yesterday at the first edition of 2017 yearly stakeholders’ forum organised by ...

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Ajimobi launches Homeowners Charter policy

Homeowners Charter policy

Daily Post reports that Governor Abiola Ajimobi of Oyo State has launched the Homeowners Charter policy designed to enable home owners in the state regularize land documents. Ajimobi during the official flag off ceremony of the Enumeration and Assessment of properties in the State at the Housing Corporation Ibadan on Saturday informed that the initiative was one of the measures ...

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