Urban populations have skyrocketed globally and today represent more than half of the world’s population. In this article, we look at the challenges of living in a slum area. In some parts of the developing world, the growth of the urban population has more-than-proportionately involved rural migration to informal settlements in and around cities, known more commonly as “slums”—densely populated ...

“As part of efforts at achieving the objectives of the National Housing Programme (NHP) in Nigeria, the Federal Mortgage Bank of Nigeria (FMBN)and the Federal Housing Authority (FHA) are being repositioned to play their role more effectively to address the housing problem in Nigeria, Babatunde Fashola, minister, power, works and housing, says.”- Business Day  Fashola, who disclosed this at the sixth National Council ...

Despite the huge opportunities and market potential, investors are still holding back on investment in the Nigerian property market. Analysts cited the slowdown in the economy and the significant decline in consumer purchasing power as a major concern. They believed that investment in the market, has also been impacted heavily by government’s anti-corruption fight which has been enhanced by the ...

“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

“As part of efforts to stop building collapse, the Lagos State Building Control Agency (LASBCA) yesterday began the demolition of 57 distressed structures across the state.”- The Guardian The LASBCA General Manager, Lekan Shodehinde said the demolition was the first phase of the exercise, which Governor Akinwunmi Ambode had approved.He explained that government had earlier notified the owners of the ...

“Lagos State Government has advised residents living along the plains of Ogun River to be on the alert and take necessary precautions as release of water from Oyan Dam begins.”- PM News Dr. Samuel Babatunde Adejare, Commissioner for the Environment explained that the controlled water releases from the dam was a pragmatic approach of the Ogun-Oshun River Basin Development Authority ...

“Scores of women yesterday took to the streets and barricaded the Effurun roundabout axis of the East-West Road in protest over an alleged land-grabbing by military in Delta and sale of about 185.20 hectares of prime property at Uvwie, Uvwie Local Council of Delta State by the Nigerian Army.”- The Guardian The protest, which started as early as 6:00 a.m. ...

“The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring homeowners.”- Daily Post The initiative would have a tenor of 15 years to 25 years, depending on the age of the borrower, their income and desired tenor and would be available to eligible applicants with insufficient or no equity ...

A fire has reportedly wrecked the female hostel in the Jos campus of the Plateau State Polytechnic on Monday. As reported by the News Agency of Nigeria (NAN), the fire, which started around 8.30 a.m., raged on till 11.44, causing confusion among students and staff – No life was, however, lost. A security man, Yusuf Ade said, “Many students had left for lectures ...

A Chinese firm, Lifemate Furniture has held furniture exhibition in Benin, the Edo state capital.The products displayed during the exhibition ranged from bed, sofas, chairs and tables among others. The Managing Director of the company, Mr Dai Ding Ping, said the exhibition was to show case the company products and create awareness of its existence in the state. He said ...