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Nigeria’s Real Estate Sector Grew Once In 15 Quarters –Research

real estate

The report said, “The real estate sector performance has remained lacklustre since 2016 and has recorded a positive GDP growth just once in the past 15 quarters.”  Analysis by CSL research has shown that the housing industry in Nigeria grew once since 2016. Using data from the Central Bank of Nigeria, the financial analysis firm discovered that loans granted to ...

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Gov. Bello seeks urgent rehabilitation of Lokoja-Okene-Ekiti road


Gov. Yahaya Bello of Kogi has appealed to the Federal Government to urgently rehabilitate the Lokoja-Okene-Ekiti road. Bello, who made the call while speaking with newsmen at his hometown, Okene, on Saturday, described the condition of the road as deplorable and called for the urgent intervention of the Federal Roads Maintenance Agency (FERMA). He said that his administration had intervened ...

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Flood submerges over 150 communities in Kogi – Commissioner


Mr. Sanusi Yahaya, Kogi State Commissioner for Environment and Natural Resources, said over 150 communities have been submerged following flooding in nine Local Government Areas of the State. Yahaya made the disclosure while addressing newsmen after a stakeholders’ meeting at the State Emergency Operation Centre on Saturday in Lokoja. The commissioner noted that the Centre had been activated as the ...

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Inferno renders 43 families homeless in Rivers


Forty-three families have been rendered homeless following an inferno at an estate populated by make-shift homes popularly called ‘Batcher’ along Ada-George/Wimpey-Iwofe link road in Obio-Akpor Local Government Area of Rivers State. It was reported that a church building located within the ‘Batcher’ estate with property worth millions of Naira were also caught in the fire. Eyewitnesses said the fire started ...

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LASG investigates land grabbers’ move to take over communities

land grabbers

The Lagos State Special Taskforce on Land Grabbers says it has commenced investigation into an alleged attempt by some land grabbers to take over some communities in the Ayobo area of the state. A statement on Saturday signed by the coordinator of the task force, Mr. Owolabi Arole, states the attention of the state’s Attorney General and Commissioner for Justice ...

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Firm Equips Lagos Community School


As part of its continued commitment towards the development of its host community, Ogombo Ajah, Lagos State, MainOne has demonstrated its commitment to improving the standard and access to education in the state by addressing infrastructure gaps in Akinlade Primary School, Okun Mopo.  It was observed that the refurbishment covered renovation of 10 classroom blocks, installation of iron windows and ...

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Gov Okowa urges FG to re-assess 20-year-old roads


Delta Governor, Senator (Dr.) Ifeanyi Okowa has called on the Federal Government to re-assess all roads constructed over 20 years ago with a view to reconstructing failed ones. He made the call on Sunday while inspecting ongoing work on failed portions of Warri-Benin highway being reconstructed by the state government. The governor said that many federal roads across the country ...

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Developer commences one million homes initiative


Lifepage Group says it plans to build one million houses for different classes of Nigerians between now and 2041. The Managing Director, Lifepage Group, Mr. Oladipupo Clement, said it was part of efforts to bridge the country’s housing deficit. At the inauguration of the group’s ‘Million Homes’ initiative, he said the project and real estate crowdfunding platform would allow subscribers ...

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Bauchi govt. signs MoU to build 2500 housing units

housing units

Bauchi State government has signed a Memorandum of understanding (MoU) with the Friends Home Fund to build 2500 Housing Units worth 15 Billion Naira in the state. The housing units are to be constructed by Federal Ministry of Finance. This was disclosed by the State Governor Bala Mohammed shortly after signing a Memorandum of Understanding with the Friends Home Fund, ...

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NIOB signs MOU with Australian counterparts


The Nigerian Institute of Building (NIOB) has signed a memorandum of understanding (MOU) with the Australian Institute of Building (AIB). The MOU was signed during a construction event named ‘Constructing Our World’ that held in Sydney, Australia. The institutes said the memorandum is based on efforts to improve on the methodology and technology of building construction. “It is aimed at ...

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