“The Ministry of Housing needs to work closely with the Ministry of Transportation. That’s how most major cities in the world have grown. Railway is the biggest stumbling block for Real Estate to grow in this country. If government can provide rail, you do not need to tell these Developers to Build” The above statement was made by Babafemi Awofala ...

This article on Global City Momentum Index talks about the current cycle of globalisation, urbanisation and technological advancement that has led to a shake-up of the global urban hierarchy and creating sweeping changes to the geography of commercial real estate opportunity. Cities with momentum pulse with creative energy from the minute you arrive—the palpable buzz of technological, artistic and economic ...

The Standards Organisation of Nigeria (SON) has declared war on manufacturers of substandard building materials in order to curb rising trend of building collapse across the country. The Acting Director General of the SON, Dr. Paul Angya, disclosed this in Abuja when the executive members of the Nigerian Institute of Architects (NIA) visited him. Angya promised to partner with the ...

The acting director-general of Bureau of Public Procurement, BPP, Ahmed Abdu, on Friday said Nigeria saved about N680billion from the reviews and certification of federal government contracts between 2009 and 2014. Mr. Abdu said this in Lagos at the opening ceremony of a Procurement Retreat for Chief Executives of Federal Government Parastatals and Agencies, organised by the BPP. “We sanitised ...

Bayelsa State Governor, Seriake Dickson, has inaugurated an 11-member Special Task Force on Identification and Recovery of Government Property. The panel is to recover government property illegally acquired by private individuals, communities and corporate organizations within and outside the state. The task force has two weeks to submit interim report to government. A statement by the Chief Press Secretary to ...

An Abuja-based businessman who hails from Adamawa State, Idris Tijjani, has accused Governor Mohammed Jibrilla of Adamawa State of constructing some of the most expensive roads in Nigeria. In an interview with Premium Times, Mr. Tijjani alleged that the governor is simply hiding under the road construction to steal the state’s funds. Read excerpts of the interview below: Please tell ...

A leading real estate marketing brand, Property Bank, has launched an innovative rent product tagged  “RENT ACTUATION” specially created for home seekers who cannot afford their rent at the moment. This innovation is achievable under a working agreement between Property Bank and TrustBond Mortgage Bank Plc. PropertyBank is an online real estate marketing platform with a potpourri of properties covering ...

The Lagos State Government on Sunday said it would partner with suitable entities on a Public-Private-Partnership (PPP) basis to undertake the development and delivery of a wide-range of facilities in the state. The Commissioner for Information and Strategy, Steve Ayorinde, said in a statement in Lagos that it was in continuation of the government’s commitment to urban development and expansion ...

Last Friday, court ordered the remand of the Managing Director of Lekki Gardens, Richard Nyong and one of the contractors handling the project, Odofin Taiwo Henry for 30 days, as police investigate the deadly collapse of a five-storey structure handled by the firm. The building crumbled around 3am on the 8th of March killing about 35 people. In a country ...

Lagos State Government, Thursday, commenced Structural Stability Test on existing structures in Lekki Gardens in Eti-Osa Local Government, to ascertain the strength of the buildings This came nine days after a five-storey building under construction caved in, killing 34 persons and injuring 13 others. Vanguard reports that officials of the Lagos state Material Testing Laboratory, LSMTL, were sighted conducting test on the buildings. ...