Home » Real Estate News

Real Estate News

The Affordable Mass Housing Provision N3trillion Pension Boost

pension boost

The Pension Reform Act 2014 has provision for house ownership. Section 89(2) of the Act provides that “Notwithstanding the provision of sub-section (1)(c) of this section, a Pension Fund Administrator may, subject to guidelines issued by the Commission, apply a percentage of the pension assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage ...

Read More »

Why cement price is highest in Kano, Lagos markets


Despite the closeness of plants to Lagos, cement prices are shooting beyond the roof in reaction to price hike by the manufacturers recently. While the producers have blamed the increase on the high exchange rate, cost of spare parts and other logistics, builders and other prospective homeowners are worried that they are not enjoying the benefit of nearness to raw ...

Read More »

Stakeholders query FG’s costly housing prices nationwide

housing prices

Amid growing public concern over housing prices introduced by the Federal Government under the National Housing Programme (NHP), private developers have picked holes in the scheme. They argued that the programme is not affordable, justifiable as it is beyond the low-income earners and may breed corruption among civil servants. They said the government should concentrate on making policy than engaging ...

Read More »

BuyLetLive is the Real Estate Company You Need!


Finding a real estate property in Nigeria is a herculean task. This is even more relatable for people in major cities across the country, where the demand far outweighs the supply. First, you have to find the time out of a cramped schedule to go inspecting. Then there are the issues of non-responsive agents whose listings are not available on ...

Read More »

Globacom to Rehabilitate Ota-Idiroko Road


Nigerian multinational telecommunications company, Globacom Limited, commonly known as Glo, will reconstruct the 64 kilometres (km) Ota-Idiroko road in 2022. The Minister of Works and Housing, Mr. Babatunde Fashola, confirmed this development in a statement issued on Wednesday. He explained that the road would be rehabilitated by the company under the federal government’s tax credit scheme, adding that the contract, ...

Read More »

Groups Propose Bill To Address Housing Deficit In Lagos

housing deficit

Heinrich Boll Stiftung, (HBS) Nigeria and Arctic Infrastructure are proposing the Mixed-Income Housing Model as a strategy to address the housing deficit in Lagos and to ensure availability of adequate and affordable housing to low and middle-income earners in the State. The organizations, through a draft bill, titled ‘A Bill for Mixed-Income Housing development in Lagos State’, want to contribute ...

Read More »

Nigeria doesn’t have 22m housing deficit –Fashola

housing deficit

The Minister of Works & Housing, Mr. Babatunde Fashola, has put a lie to the stereotype that the country has 17 million or 22 million housing deficit. According to Fashola, who debunked the claim Friday at Lafarge Africa Plc quarterly webinar-Concrete Ideas-, there is no proven record or data to support that claim. Speaking on its theme, New Solutions for ...

Read More »

Tax credit: FEC awards N309.9bn road contracts to Dangote

tax credit

The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Minister of Works and Housing, Babatunde Fashola, disclosed this while briefing State House correspondents after the Federal Executive Council meeting presided over ...

Read More »

27 Years After, FG Fulfils 3-Bedroom Pledges to Chioma Ajunwa, others

Chioma Ajunwa

President Muhammadu Buhari has approved the allocation of 22 three-bedroom houses to Chioma Ajunwa the Super Eagles squad that won the Africa Cup of Nations in Tunis, Tunisia, in 1994, in fulfilment of an earlier promise by the Federal Government. This was sequel to a memo by Minister of Works and Housing, Babatunde Raji Fashola, leading to the President approving ...

Read More »