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“Social Housing responsibility is solely for FHA not FMBN” – Al-Almin

The managing director of the Federal Housing Authority (FHA), Prof Mohammed Al-Almin, has said that the provision of social housing is the sole responsibility of the authority and not the Federal Mortgage Bank of Nigeria (FMBN) or Ministry of Land, Housing and Authority. Speaking yesterday in Abuja during the 2015 pre-workers’ day lecture organized by the Senior Staff Association of ...

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“Promise made, promise fulfilled”, Abule-Nla resident beneficiaries

covert rent into Mortgage

Their problems started in 1997, when the allottees noticed that six blocks of flats they occupied were cracking, with the possibility of total collapse. After series of complaints to different administrations, starting from Brigadier-General Buba Marwa, a military administrator in Lagos and former governor, Bola Ahmed Tinubu, not much was achieved. However, on July 2007, the occupants sent a Save-our-Soul ...

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“Lagos state has not been able to tackle the housing problem” – Commissioner

The Lagos State Commissioner for Housing, Bosun Jeje, said on Tuesday that the state government has not been able to tackle the housing problem in the state because of the high cost of building and non-availability of fund. He, however, added that the state government under the outgoing administration of Governor Babatunde Fashola, provided 10,000 housing units for people of ...

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Abuja office complex shortlisted for WAN commercial award

AN office complex being developed by a Lagos-based firm architectural firm, Messrs Design Genre Consultants is among the 57 entries shortlisted for the 2014 World Architecture News commercial Award (WAN) in the commercial category. WAN is regarded as the largest international Architecture awards programme as well as a major international competition that celebrates and promotes the best in international architecture ...

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Shareholders of UPDC REIT rewarded N2.33 billion

The UPDC REIT has declared a total of N0.87k distribution to unitholders for the 19 months period ended December 31, 2014. Besides, an interim distribution of N0.56k was earlier made to unitholders for the 13-month period ended June 30, 2014 while a final distribution of 0.31k was also paid to unitholders for the 19 months period ended December 31, 2014. ...

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Reasons why 4th mainland bridge design had to be altered

Lagos State Government has given the reason for altering the design of the much awaited Fourth Mainland Bridge along the Lekki Peninsula. According to the government, the redesign of the bridge component of the 23 kilometres road project became imperative because of the challenges the original design posed for it (government). The bridge itself is about four kilometres. The State Commissioner for ...

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Real Estate Realities in Nigeria

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below: Would you like to be a guest writer for Nigeria Real Estate Hub? Register here. – All credits to ...

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China State Rail Company Signs Deal Worth $5.5bn With Nigeria & Zimbabwe

According to the Financial Times, state-owned China Railway Construction Corp. (CRCC) has signed two contracts worth nearly $5.5 billion with Nigeria and Zimbabwe. The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC. Citing stock exchange filings ...

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