Real Estate News

The Acting Chief Executive Officer (CEO) of Ikeja Electric (IE), Mr. Anthony Youdeowei, said that investments for electricity infrastructure upgrade by IE have hit N11 billion since its take over as the core investor three years ago. He made this known at a media round-table for energy editors in Lagos. New Telegraph reports that he maintained that the N11 billion ...

The Chairman of Nigerian Society of Engineers (NSE), Apapa Branch, Ombugadu Garba has reasserted the commitment of the society to upholding high standards of engineering practice in Nigeria. According to The Guardian, he stated this during a visit to Lotus Plastics Limited, in Agbara, Ogun State. Garba who led a team of engineers to the company said the visit was one ...

The Guardian reports that to ensure prudence, transparency and accountability of funds, the Fiscal Responsibility Commission (FRC) has canvassed for progressive funding of projects in annual budgets. According to The Guardian, FRC’s Head of Finance and Accounts of the commission, Mr. Sampson Eletuo made this remark, when he led an eight-member delegation to inspect uncompleted and abandoned projects in Anambra ...

Kano state government has commenced a Systemic Land Title Registration (SLTR) process, as part of efforts towards creating an alternative means to the cumbersome process of the sporadic approach required for the collection of traditional Certificate of Occupancy in the state. The Guardian reports that the process anchored by Growth and Empowerment in State (GEMS3) and funded by the Department for ...

As part of inputs to the on-going review of the outdated 1992 Environmental Impact Assessment Act (EIA), environmentalists have canvassed for the inclusion of EIA reports as pre-condition for project loans. According to The Guardian, they are seeking the Central Bank of Nigeria (CBN) involvement in its enforcement and implementation by the financial institutions. The experts also want EIA to be ...

Operatives in the Nigerian Mortgage sector have called on the federal authorities to further create an enabling environment for mortgage banking through the provision of an intervention fund. The Guardian reports that the Mortgage Banking Association of Nigeria (MBAN) is also seeking the review of the stringent regulatory condition, which to some extent has prevented mortgage finance inclusion such as robust operational guidelines ...

The Minister of Environment, Amina Mohammed has denounced the devastating impacts of oil spills on environment, health and livelihoods of the people in rural and urban communities. The Guardian reports that Mohammed, who spoke at 10th anniversary of National Oil Spill Detection and Response Agency (NOSDRA), regretted the growing level of oil spill incidents caused by the activities of illegal ...

The Nigerian Society of Engineers (NSE), has made it known that the abandonment of Ajaokuta Steel Complex and Delta Steel Company had been a major setback to attaining technological advancement of the nation. Vanguard reports that the President of NSE, Mr Otis Anyaeji, said this at the African Engineering Conference on Energy, UNESCO African Engineering Week and NSE’s Annual General ...

Vanguard reports that the Delta State House of Assembly has urged the state governor, Dr Ifeanyi Okowa, to direct the Director-General of the state Traffic Management Agency, DESTMA, to urgently liaise with the Federal Road Safety Corps, FRSC, and all other relevant agencies to clear all broken down vehicles and trucks from the highways in the state, to check the ...

The Nation reports that the Abia State Agency for Community and Social Development Project [CSDP] has given out a total of N104.2 million to 35 communities from across the 17 local government areas of the state for different community-based developmental projects. According to The Nation, the projects, which range from markets, roads, VIP toilets, electricity, health centres, among others, are ...