A former president of the Lagos Chamber of Commerce and Industry (LCCI), John Agboola Odeyemi, has called on President Muhammadu Buhari to review the National Infrastructure Policy, towards meeting global best practices. Odeyemi, who made this call in a brief interview with The Guardian on the sideline of the just concluded Building, Construction and Mining Mart Exhibition in ...
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Western New York: State awards $3M nonprofits for housing projects
Half a dozen nonprofit groups in Western New York will receive $3 million in state funding to help create more low- and moderate-income housing units. The funds are part of an $11 million allocation announced this week by Gov. Andrew Cuomo through 61 awards to enable nonprofits and municipalities to create more than 1,000 new units of housing. Awards came ...
Read More »Ruler of Dubai approves $900 million of housing schemes
Housing projects worth $900 million (AED3.6 billion) have been approved by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Sheikh Mohammed approved the construction of new homes for around 400 citizens at a committee meeting at the Mohammed bin Rashid Housing Establishment on Sunday, state news agency WAM reported. The committee also approved the construction of new roads ...
Read More »Eko Atlantic city roads network; work in progress
The management of Eko Atlantic City says it has commenced the development of main thoroughfares and access roads in the new highbrow settlements on the edge of the Atlantic Ocean in Victoria Island, Lagos. The firm said this was in line with the promise of a congestion-free city with no on-street parking and free flow of traffic. “Eko Atlantic’s main ...
Read More »Capital market should finance infrastructural deficit – CIS
The Chartered Institute of Stockbrokers of Nigeria has joined other capital market stakeholders in calling on the government to turn to the market in its bid to fund infrastructure projects. The Acting President and Chairman of Council, CIS, Mr. Oluwaseyi Abe, said this while speaking on the recent activities of the institute. He explained that the CIS had in recent ...
Read More »Only 60,000 of 4million NHF contributors get mortgage loans —FMBN
The Federal Mortgage Bank of Nigeria has said that out of the four million registered contributors to the National Housing Fund, only 60,000 or 1.5 per cent of the total have been able to access mortgage loans. According to the bank, although the dismal number is due to many constraints to housing finance in Nigeria, the FMBN has adopted a ...
Read More »Ali Modu says he has no case to answer, citing Real estate accomplishments
Former Borno state governor, Senator Ali Modu Sheriff has denied reports that he was arrested by the Economic and Financial Crimes Commission, EFCC, saying that anybody with the proof should come forward. While a recent media reports say he was arrested over the mismanagement of N300 billion received by his administration in 8 years, particularly between 2003 and 2011. Sheriff, ...
Read More »‘Poor infrastructural mechanism is a major challenge in low cost housing’
The Vice President and Chairman REDAN south west, CEO Cross and Churchill Estates Limited, Mr. Taiwo Ogunbodede, in a chat with Nigeria real Estate hub correspondent, Elsie Godwin, pointed out the country’s poor infrastructural mechanism as one of the Major challenges facing low cost housing in Nigeria. He also reiterated that the number of housing units being built yearly in the country ...
Read More »Is it right to have religious centers in residential areas?
Noise pollution or noise disturbance according to wiki is the disturbing or excessive noise that may harm the activity or balance of human or animal life. The source of most outdoor noise worldwide is mainly caused by machines and transportation systems, motor vehicles, aircraft, and trains. However, in Nigeria, churches and Mosques are higher source of outdoor noise. The sound ...
Read More »England heading for a shortfall of 1m homes over the next decade
Property experts call for the release of land to deliver enough homes and address house price boom and bust Property experts have warned that England is heading for a shortfall of 1m homes over the next decade as the housing supply crisis intensifies. According to a report from the agent Savills, after 30 years of insufficient levels of construction across ...
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