Real Estate News

The Lagos State Government has sought the cooperation of the residents of Fadipe Street in Somolu Local Government Area for the smooth commencement of the reconstruction of the road in the area. Speaking during the Stakeholders’ meeting at the Conference Room of the Ministry on Wednesday, the Commissioner for Physical Planning and Urban Development, Dr. Idris Salako stated that the ...

The Federal Government (FG) has said policies and programmes were being fine-tuned to create an enabling environment for greater participation of sub-national governments and the private sector to address the over 22 million housing deficit in the country. The Permanent Secretary, Federal Ministry of Works and Housing, Mohammed Bukar gave the assurance while declaring open the technical session of the ...

Recently, the Minister of Works and Housing, Babatunde Fashola disclosed that the Federal Government is currently constructing affordable homes in 34 states of the federation. According to the Minister, this is part of the fulfilment of the model National Housing Programme, which is aimed at providing acceptable and affordable houses for Nigerians. There have been various initiatives by the Federal Government to bridge ...

Special Adviser to the Lagos State Governor on Housing, Toke Benson-Awoyinka (left); Deputy Governor, Dr. Kadri Obafemi Hamzat; State Commissioner of Housing, Moruf Akinderu- Fatai and Governor Babajide Sanwo-Olu during a one-day stakeholder’s meeting on real estate agency organised by the State’s Real Estate Transaction Department (LASRETRAD). Worried by the influx of charlatans into the real estate sector and its ...

Kaduna State Government has earmarked N3 billion for the construction official of houses for low-income earners in 2020, the Commissioner for Housing and Urban Development, Fausat Ibikunle, has said. The Commissioner made the disclosure while defending the ministry’s budget before the State House of Assembly on Monday in Kaduna. According to her, the ministry has earmarked over N9 billion for ...

The Niger Delta Development Commission (NDDC) says it will no longer pay contractors for shoddy and substandard jobs. Dr. Akwagaga Enyia, the Acting Managing Director of NDDC, gave the warning while inspecting the 15-kilometre Ajowa-Akunnu Akoko Road in Ajowa, Akoko North-West Local Government Area of Ondo State, on Monday. Reports show that the 15-kilometre virgin road being constructed by the ...

The Federal Government has reiterated its commitment to developing holistic strategies involving all tiers of government and the private sector to tackle housing challenges in the country.  Mr. Mohammed Bukar, Permanent Secretary, Federal Ministry of Works and Housing (FMWH) said this in his opening remarks at the Eighth Meeting of the National Council on Lands, Housing and Urban Development in ...

A section of Balogun market in Lagos has reportedly been gutted by fire. The market caught fire in the early hours of Tuesday, November 2019, after traders resumed their sales for the day. @LAG_FireService Can you guys please get to obalende or sura now cuz im on 3rd mainland. Can't tell the exact address of this place but its just ...

To bridge the housing deficit, some players in the sector have canvassed the need for authorities to build decent and affordable houses for the low and middle-income groups. They say, making funds available to real estate developers and mortgage institutions to develop low-cost houses for the masses can bring a change to the industry. They also said if that was ...

The FCT ministerial task team on traffic-free flow in Abuja has demolished fences of a bank and other commercial buildings in Dutsen Alhaji following the expiration of the 72 hours ultimatum issued to them by the team. Bulldozers deployed by the team pulled down parts of the perimeter fence of a commercial bank and other commercial buildings located by the ...