Real Estate News

PIQUED by the ceaseless cases of structural failures in Nigeria, and in apparent bid to avert the embarrassing situation, Land Survey practitioners in Nigeria, under the aegis of Nigerian Institution of Surveys(NIS), has called on policymakers at all levels of government, to commission infrastructural survey in all their facilities across the federation. This step, they argued, if taken, would avert ...

The Director of Research and Advocacy, at the Lagos Chamber of Commerce and Industry (LCCI), Vincent Nwani, has said that the fuel subsidy regime of the Federal Government has remained a rent and a drain on the nation’s economy. He stated that the continuous funding of fuel subsidy over capital projects would continue to leave a huge hole in the ...

Mrs. Aderonke Oyelami, Chairperson, Women Quantity Surveyors of Nigeria, on Wednesday attributed the incessant increase in house rent in the country to inadequate buildings. Oyelami said that rent on housing would come down if developers could engage in mass production of houses to reduce the gap between demand and supply. Nigeria, with its over 170 million population, currently faces over ...

The Federal Government has concluded plans to subject public buildings across the country to a mandatory maintenance check, Vice President Yemi Osinbanjo has said. Osinbanjo stated this on Wednesday at the closing ceremony of the Construction Artisans Awards and Job Skills Expo in Abuja. The vice president, represented by the Minister of Power, Works and Housing, Mr. Babatunde Fashola, said ...

The Construction Skills Training and Development Project (C-STEmp), has called on the Federal Government to embark on massive infrastructural projects to boost job creation in the country. Mr. Samson Opaluwah, Chairman, C-STEmp 2019 Construction Artisans Awards Technical Committee, made the call on Wednesday in Abuja, at the closing ceremony of the Artisans Award and Job Skills Expo, organised by C-STEmp. ...

Despite a subsisting order to reinstate Mr. Emmanuel Osita Okoli, placed on the International Real Estate Federation, FIABCI-Nigeria Chapter by a High Court in Nigeria, the professional body has continued to disobey the court order. The order being disobeyed by FIABCI-Nigeria Chapter is the one made by the High Court in Ikeja directing the realtor body to reverse its expulsion ...

Gov. Akinwunmi Ambode of Lagos State on Tuesday inaugurated a 1000-hectare modern satellite city in Epe-Ibeju Lekki axis, projected to create over 200,000 jobs. The governor said at the event that it would also serve as housing schemes for all the major projects coming on board within the Lekki Free Zone. Ambode said the unveiling of the project named “Alaro ...

Peoples Democratic Party (PDP) Governorship Candidate in Lagos, Mr. Jimi Agbaje at the weekend decried corruption in land matters in the state. Speaking at a town hall meeting at Ibeju-Lekki as part of his ongoing electioneering campaign, Agbaje accused the government of dispossessing landowners of their land without paying appropriate compensation. He lamented what he described as continued shortchanging of ...

President Muhammadu Buhari yesterday signed Executive Order 007 to close the road infrastructure gap in the transportation sector of the country through a Public Private Partnership (PPP) arrangement. Tagged order 007 on road infrastructure development and refurbishment investment tax credit scheme, the president signed it at the Presidential Villa, Abuja. In the first phase of the scheme, 19 road projects ...

Kaduna – More than N9.2 billion has been spent on developmental projects in Sabon Gari Local Government Area by the Kaduna State Government in the last three years, the Commissioner for Local Government, Prof. Kabiru Mato, has said. Mato said on Tuesday at Sabon Gari, Zaria, during a town hall meeting showcasing the achievements of Gov. Nasiru El-Rufa’i in the ...