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Definition of African Middle Class: a Ghanaian Perspective

Definition of African Middle Class

A recent BBC Africa Debate saw a number of Ghanaian entrepreneurs, leaders and members of the public discuss the definition of the middle class in the country. How do you define an African Middle Class? According to the African Development Bank (AfDB), 46% of Ghanaians are now classified as middle class compared to a continent-wide average of 34.3%. The debate, ...

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Kogi govt ejects illegal occupants from post-flood housing estate

Kogi govt ejects illegal occupants from post-flood housing estate

The Kogi State Government, on Wednesday, ejected people it described as illegal occupants of the post-flood housing estate in Lokoja, while it also seal off the premises. You would recall that Victims of the Kogi flood disaster had lamented on their inability to secure accommodation at the Post Flood Housing estate The Deputy Governor, Mr. Yomi Awoniyi, said the decision ...

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FMBN to start rent-to-own housing schemes

Federal Mortgage Bank of Nigeria

The Federal Mortgage Bank of Nigeria (FMBN) said  it would commence “ Rent-to-Own ” scheme to ease the housing challenges in the country. Mr Gimba Ya’u Kumo, the Managing Director of the bank, told newsmen in Abuja that the “Rent to Own’’ scheme was mainly for Nigerians who could not afford mortgages. “For Nigerians that cannot afford mortgages, the way ...

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MD, FHA decries sanitary and living conditions at IDP camps

MD, FHA decries sanitary conditions at IDP camps

The Managing Director of Federal Housing Authority (FHA), Prof. Mohammed Al-Amin, has decried the sanitary and living conditions in Internally Displaced Persons (IDPs) camps in Maiduguri. He described the conditions at the camps in the Borno State capital as deplorable and unhealthy. Al-Amin, who slept in one of the camps as part of activities marking the just-commemorated World Habitat Day, ...

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Melbourne is Most Livable City in the World!

Most Livable City in the World

Melbourne, Australia, is the most livable city in the world, at least based on a complex formula devised by the Economist Magazine. Melbourne? What is Nigeria ranked?   Melbourne beat out Vienna and perennial winner Vancouver, primarily based on its infrastructure. The city also attracted top marks for health care and education. Eight of the top 10 cities are in ...

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House of Reps mandates its Committee on FCT to investigate Land Swap Policy

Reps to investigate ex-minister over Abuja Land Swap Policy

With a view to ascertaining alleged infringements in the Land swap policy, House of Representatives yesterday ordered an investigation into implementation of the Policy initiated by former Minister of Federal Capital Territory, FCT, Bala Mohammed. The policy, a land-based financing of infrastructure development, involves the granting of land to competent real estate developers, who will in turn provide infrastructure such ...

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Ogun establishes 300 ‘tertiary control points’ for surveyors

Ogun state shopping malls

The Ogun State Government has established 300 tertiary control points to boost survey across the State in an effort to upgrade and re-equip the Department of Survey in the State Bureau of Lands and Survey. The Head of Survey Department of the Bureau, Olatunde Onososen, made this known on Wednesday at Oke-Ilewo, Abeokuta. He said Ogun State Government had procured ...

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TPG Raises $2 Billion in Real Estate Fund

TPG Raises $2 Billion in Real-Estate Fund

Private-equity giant TPG has closed its first high-risk real estate fund, raising more than $2 billion in commitments at a time when big investors’ appetite for real-estate risk is increasing. TPG, a relatively new player in real-estate investment, began fundraising for the dedicated real-estate fund it just closed in the first half of 2014, with a goal of $1.5 billion ...

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Ogun partners Lafarge on housing development

Ogun partners Lafarge on housing development

Recognising the rising housing deficit in Nigeria, coupled with serious overstretching impacts on inadequate housing facilities, the Ogun state government is to partner Lafarge Africa Plc, on advanced construction technology to speed up development in the housing sector in the State. The huge housing gap and challenges inherent in the Nigeria’s housing sector, according to official declaration, has prompted government ...

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Town planners charged to uphold ethics

Town planners vow to uphold ethics

The Nigerian Institute of Town Planners, Lagos Chapter, has reiterated the need for its members and others in the built environment to strictly uphold the ethics of their professions. The relevance of adhering to the code of ethics and its effect on the society was the main topic of discussion at the chapter’s 32nd Annual General Meeting with the theme, ...

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