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Bad Market – Episode 12

Bad Market - Episode 13

It was a cold Sunday morning, my old man was still in critical conditions at the Military Hospital in Ikoyi. Mum had not gotten up from bed, she had spent the previous day with Dad at the hospital while Timi was in his bedroom listening to Tupac Shakur‘s California hit song on his 4000 watts pro stack sound system. The ...

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FAAN seeks to control land encroachment around airports in Nigeria

land encroachment

According to Nigerian Tribune, the Federal Airports Authority of Nigeria (FAAN), is seeking partnership with various state governments in a bid to stop airports land encroachment by farmers across the nation. Speaking with journalists in Sokoto at the 15th National Council of Transportation on Tuesday, the Managing Director of FAAN, Saleh Dunoma, lamented that the high rate of encroachment into airports ...

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Osinbajo commissions multi-million dollar BUA cement factory In Edo

multi-million dollar BUA cement factory In Edo

“The Vice President, Prof. Yemi Osinbajo, Tuesday described the commissioning of the multi-million dollar BUA cement factory In Edo as a consolidation of Nigeria’s self-sufficiency in cement and a big boost to the nation’s export capacity.”- PM News Osinbajo stated this shortly before commissioning the first phase and the ground-breaking of the second phase of the three million ton-capacity ultra ...

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Minister Advocates synergy in the construction industry

construction industry

“The Minister of Water Resources, Mr Suleiman Adamu has called for synergy amongst research institutes, policy makers and professional bodies in the construction industry to tackle housing challenges in the country.”- The Tide Adamu made call while speaking with newsmen Abuja, on the sideline of the 28th Archibuilt Exhibition and Conference on building materials. The exhibition and conference is organised ...

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Another three-storey building collapse happened in Lagos

Another three-storey building collapse happened in Lagos

The Guardian reports that another three-storey building collapse happened yesterday in Ojo area of Lagos State. There were, however, no casualties as residents have already deserted the building located at No. 21 Saka Okoro Street, Ilufe Road, Alaba International Market, Ojo. It was gathered that the building caved in on Tuesday morning in a partial collapse. General Manager, Lagos State ...

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Kwara state pays out 1.5 million as land compensation

land compensation

“Kwara Harmony Holdings on Tuesday paid N1.5m out of the N3.7m million as land compensation to owners of 25 hectares of customary lands acquired by the State Government 11 years ago.”- PM News The News Agency of Nigeria (NAN) reports that the 25 hectares of land was acquired for the cultivation of grains at Ogbondoroko, in the Asa Local Government ...

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The Challenges of Living in a Slum Area

living in a slum area

Urban populations have skyrocketed globally and today represent more than half of the world’s population. In this article, we look at the challenges of living in a slum area. In some parts of the developing world, the growth of the urban population has more-than-proportionately involved rural migration to informal settlements in and around cities, known more commonly as “slums”—densely populated ...

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FMBN and FHA being repositioned to address housing problem in Nigeria

housing problem in Nigeria

“As part of efforts at achieving the objectives of the National Housing Programme (NHP) in Nigeria, the Federal Mortgage Bank of Nigeria (FMBN)and the Federal Housing Authority (FHA) are being repositioned to play their role more effectively to address the housing problem in Nigeria, Babatunde Fashola, minister, power, works and housing, says.”- Business Day  Fashola, who disclosed this at the sixth National Council ...

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Investors holding back on the Nigerian property market despite opportunities

Investors holding back on the Nigerian property market despite opportunities

Despite the huge opportunities and market potential, investors are still holding back on investment in the Nigerian property market. Analysts cited the slowdown in the economy and the significant decline in consumer purchasing power as a major concern. They believed that investment in the market, has also been impacted heavily by government’s anti-corruption fight which has been enhanced by the ...

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Federal Government and Western Atlantic to train real estate practitioners

Federal Government and Western Atlantic to train real estate practitioners

“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

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