Real Estate News

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on the federal government to impose tax on the real estate sector to generate income. The association also noted that government could generate income through taxes, levies, and fees, stressing that land-based taxes are good sources of income for the government. It argued that there about 15 different charges ...

The Lagos chapter of Nigerian Institute of Quantity Surveyors (NIQS) has urged the Federal government to involve indigenous consultants in the ongoing railway projects across the country. The Institute, which recently elected new members to carry out its activities in the next two years, queried engagement of foreigners on the railway projects. Immediate past chairman of Lagos chapter of the ...

With global focus on modern architecture, investors in Nigeria’s health sector are embracing innovative designs to ensure competitiveness, accessibility and accelerate the healing process. Globally, architectural designs for healthcare infrastructure are big issues in boosting patronage, hastening healing process as well as improving the general well being of the society. Amid business downturns, many developers in Nigeria are now embracing ...

The Presidency on Monday defended the Economic and Financial Crimes Commission (EFCC), saying the anti-graft agency did not raidan apartment occupied by the two sons of Atiku Abubakar. Presidential spokesperson Garba Shehu claimed the news of the anti-corruption raid broke on Monday morning and it was spread by the main opposition Peoples Democratic Party. Mr. Shehu’s comments came hours after ...

The people of Opume community in Ogbia local government area of Bayelsa State are in joyous mood as the state government commenced the construction of a bridge abandoned since 20 years ago. The state Commissioner for Information and Orientation, Mr. Daniel Iworiso-Markson, who inspected the project on Monday, urged the people to continue to support Governor Seriake Dickson’s to deliver ...

The Director-General of Kogi State Lands and Housing Services Bureau, Hajiya Maryam Ladi Ibrahim, has said that the digitalisation of land records into the database of the Kogi State Geographic Information System (KOGIS) has helped in curbing sharp practices associated with the state’s land administration. Mrs. Ibrahim, in an interview in Lokoja, said KOGIS was established to move Kogi away ...

The Minister of State for Works, Power and Housing, Mustapha Shehuri, has said the Federal Government does not have the financial capability to fund all road projects. Shehuri stated this while inspecting the Auchi-Okenne section of the Benin-Abuja Highway, where the contractor handling the road projects attributed the slow work on the road to insufficient fund. The Project Manager of ...

A Federal High Court in Lagos orders the final forfeiture of properties linked to a former NDDC executive director The properties are forfeited to the Economic and Financial Crimes Commission (EFCC) – The report lists the affected properties and their locations This is not the best time for Tuoyo Omatsuli, a former executive director of the Niger Delta Development Commission ...

Landlords in Igbogbo-Baiyeku in Ikorodu, whose houses were demolished for road construction, have appealed to the Lagos State Government to hasten compensation. They said their houses were demolished in December 2017 to pave way for the rehabilitation and expansion of roads in the Ikorodu West and Igbogbo/Baiyeku Local Development Council Areas. They told newsmen in Ikorodu on Saturday that payment ...

The Minister of Works, Power and Housing, Babatunde Raji Fashola, has disclosed that over 50,000 Nigerians are now engaged in 77 works and 50 housing construction sites across the country, while only 277 foreigners are working in the sites. According to Fashola, the figures are contained in the “Inception Report” the Ministry of Works, Power and Housing recently commissioned to ...