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Tag Archives: stakeholders

Real estate properties will continue to rise in Nigeria – Experts

real estate

Amidst the lip service being paid by the government on provision of affordable houses, stakeholders have argued that property prices in real estate may continue to escalate due to rising cost of construction materials. This might be worsened by the Land Use Charge (LUC) law made by Lagos State government, which other states may in no distant time start to ...

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Pencom declares FG has invested 2.89% pension in real estate


About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

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Osun Govt. assures residents of adequate security of lives and property

Osun State Government

The State Government of Osun has assured the people of the state of adequate security of their lives and properties. Commissioner for Information and Strategy in the state, Adelani Baderinwa said the government will not relent on its efforts to providing maximum security and ensure peace and harmony in the state. Baderinwa attributed the peaceful atmosphere of the state to ...

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Stakeholders urge FG to focus on Urban regeneration to facilitate affordable housing


Stakeholders in the real estate sector have called on federal and state governments to focus on urban regeneration and provision of infrastructure at project sites to facilitate affordable housing. This was revealed on the sideline of a workshop organised by Real Estate Development Association of Nigeria in Abuja. The director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy ...

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Stakeholders at public hearing demands total reversal of LUCL


Stakeholders said Lagos state government has no justification for the increment of land use charge (LUCL) as the economy is biting hard on the masses Fitzgerald Umah, the chairman, Nigerian Institute of Architects urged the government to repeal the Land use charge law (LUCL) to help Lagosians in view of the hardship they were facing Umah said increasing the tax ...

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Stakeholders express optimism over real estate growth in 2018

growth in real estate

Despite the poor performance of the real estate industry and the lull in the property market in recent times, stakeholders are optimistic about a positive growth this year. The Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics, Dr. Yemi Kale, said although the real estate industry, which contributed 6.79 per cent to real Gross Domestic Product, ...

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Contractor announces completion of Apapa Marine bridge

Contractor announces Apapa Marine bridge has been completed

The contractors handling the rehabilitation works on the Apapa Marine Beach Bridge yesterday disclosed that works on the bridge have been completed and the bridge ready for use. The project contractors and the supervising engineers for the contract disclosed this to Independent. Mr Ghassan Kaadi of Buildwell Plants and Equipment Industries Limited, the project contractor, told our correspondent that rehabilitation ...

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SON, stakeholders begin review of cement standard


Four-years after the Federal government approved new cement standard for the producers, the Technical Committee set by the Governing Board of the Standard Organization of Nigeria (SON) is again reviewing the quality of the products. The grade-strengths of cement production existing in Nigeria have been NlS 444-1, which was adopted as composition and conformity criteria for common cement in the ...

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NIESV sets goals to enhance standard of practice

NIESV sets goals to enhance standard of practice

According to The Guardian, members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have resolved to dialogue with stakeholders to resolve their differences. The members made the resolution at its 47th national conference at the Imo International Convention Centre (IICC), Owerri, the state capital. The NIESV’s President, Dr. Bolarinde Patunola-Ajayi, urged the members to deliberate with a view ...

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