Tag Archives: private investors

To address its eight million units housing deficit, the Lagos State government has expressed readiness to partner with interested and capable investors in the real estate sector. Commissioner for Housing, Mr. Moruf Akinderu-Fatai, said this in his Ikeja office while reviewing the activities of the ministry. He described the housing deficit in the state as quite huge, particularly in the ...

Some operators in the housing and construction industry have congratulated President Muhammadu Buhari on his re-election, tasking him to approach the issue of housing, especially mass housing, with all seriousness. The experts told the newsmen in Lagos that the president had not done much in tackling the nation’s housing shortfall which stood at 17 million in spite of his remarkable ...

Contractors, who were awarded the development of the Lagos Homs Housing Scheme, Iponri, have kicked against the manner in which the Lagos State Government terminated their contracts and forcefully took over the project. Contracts for the construction of 132 apartments in 11 blocks were awarded to the contractors on March 10, 2014, with a completion period of 52 weeks. It ...

The Ministry of Mines and Steel Development says private investors have expressed their readiness to commit about 3.32 billion dollars to fund some projects in the mining sector. Abubakar Bwari, the Minister of State made this known at the 3rd Nigeria Mining Week on Tuesday in Abuja. The three-day event is being organised by the Miners Association of Nigeria in ...

A real estate investor, Lanre Howells, Managing Director, Messrs Beyond Building, has urged Nigerians to move towards a growth that could make them grow wealth exponentially by investing in real estate without necessarily owning a home. He explained that 20 people could own a stake in an estate with the profitability of the investment shared among them. According to the ...

The Federal Government may have dumped the plan to demolish about 1,400 buildings in Abeokuta for the $1.5bn Lagos-Ibadan rail project, due to what it described as huge compensation cost. Speaking to newsmen on Monday in Ibadan after meeting with officials of the China Civil Engineering Construction Company (CCECC), the Hon. Minister of Transportation, Rotimi Amaechi said the compensation cost ...

The Rivers State Govt. on Friday restated its desire to hand over the development of housing estates in some parts of the new city currently undergoing construction to private investors. Chief Ferdinand Alabraba, the Chairman, Greater Port Harcourt City Development Authority (GPHCDA) reassured on government’s intention at the signing and hand-over ceremony of Olive Crest Estate site to Afriprops. He said ...

The House of Representatives, Tuesday, resolved to probe the administration of former President, Dr. Goodluck Jonathan, on the sale of power assets. The House, in a resolution on the motion entitled Alleged Non-transparent and Fraudulent Sale of Power Assets by the Bureau of Public Enterprises, BPE, by Jonathan’s administration, bemoaned what it called lack of openness in the processes leading ...