Plans are underway to allow pension contributors access 25 per cent of savings in their respective Retirement Savings Accounts (RSAs) for mortgage finance. The new arrangement is to enable the federal government close over N16 trillion housing deficit in the country. Vice President Yemi Osinbajo had in November 2018 hinted that Nigeria’s present housing deficit stood at a staggering 20 ...

The tragedy that befell residents of Itafaji area of Lagos Island, where a building collapsed, leading to the death of school children and some adults, with several others injured and hospitalized, has gotten worse. In the wake of the tragedy, the government has directed the Lagos State Building Control Agency (LASBCA), to commence the process of identifying defective buildings in ...

Totowu residents in Ogun state have cried out over total darkness, insecurity in the area It was gathered that the community has been in total darkness since 2014 A resident of the area, Afisi Eniafe, said armed robbers take advantage of darkness in the community to unleash terror on the residents After years of living in darkness and insecurity, residents ...

Residents of Igbo-Ilogbo, Ayobo, Alimosho Local Government Area (LGA) of Lagos, have cried to the authorities, particularly the police and the Lagos State government, to rescue them from the hands of hoodlums and miscreants threatening their lives. It was gathered that residents woke up yesterday (Thursday) morning to a rude shock as hoodlums numbering over 100 allegedly stormed the area ...

The Federal Capital Territory Administration (FCTA), on Thursday, warned developers in the territory to desist from arbitrary change of land-use or face prosecution and demolition. Director, FCT Department of Development Control (DDC), Muktar Galadima, gave this warning while addressing newsmen during the inspection of a property the department had earlier sealed off. The property, Crystal Oasis Limited, a beverage factory ...

A Lebanese engineer, who was kidnapped in Kano state on Tuesday, has been found dead. The late expatriate, a construction engineer, was abducted by unknown gunmen while inspecting an underpass bridge at Dangi roundabout, Zoo road in Kano. While his driver was killed on the spot, he was whisked to an unidentified location. The deceased was an official of Triacta ...

The Nigerian Society of Engineers has urged Nigerians to engage the services of qualified building engineers. The group made this call following the recent building collapse that happened on Lagos Island The society said employing the services of good engineers is necessary for investments and the protection of lives Wales Lagunju, the chief examination officer of Nigerian Society of Engineers ...

Mr. Kunle Awobodu, the National President, Building Collapse Prevention Guild (BCPG), says there are over one thousand buildings in Lagos Island that are unfit for human habitation. Awobodu made the disclosure in an interview on Thursday in Lagos. He said that BCPG had brought such distressed buildings to the notice of the Lagos State Building Control Agency (LASBCA) for demolition. ...

The Lagos State Government has commenced the demolition of marked buildings on Freeman Street at the Ita Faji area of Lagos Island. This follows the collapse of a three-storey building on Massey Street in the same area on Wednesday, killing school children and some other occupants of the building, while many others were left injured. During an assessment tour of ...

Recent statistics have shown that the Nigerian real estate sector has been suffering setbacks. Out of the ₦15 trillion worth of credit facilities (bank loans) that were given to the private sector in Q4 2018, real estate only got ₦622 billion. This represents just 4% of the total loans/credit. A quick analysis of the 2018 selected banking sector indicators’ report, ...