Real Estate News

Ogun Government on Monday said it would spend N41. 8 billion on road construction across the three senatorial districts of the state in 2019. The state Commissioner for Works and Infrastructure, Mr. Olamilekan Adegbite, said this while defending his ministry’s 2019 budget proposal before the House Committee on Finance and Appropriation. Adegbite said the state government had also earmarked N5billion ...

Yola – Gov. Mohammed Bindow of Adamawa on Tuesday said that the state government would complement Federal Government housing programme aimed at providing affordable houses for the state workforce. Bindow gave the assurance at the Ground Breaking of 100 units National Affordable Housing Delivery Programme for Nigerian workers in Yola. Reports show that the project is being financed by the ...

Oyo State Governor, Senator Abiola Ajimobi will on Monday present Certificates of Occupancy (C of O) to the beneficiaries of the State’s Home Owners Charter programme. The State Commissioner for Lands, Housing and Survey, Mr. Isaac Omodewu said that the official presentation would hold at the Car Park of the Ministry by 12 noon, saying that applicants for the programme ...

The Senate Committee on Housing has lauded the management of the Federal Mortgage Bank of Nigeria (FMBN) for their efforts to reposition the bank as the leading mortgage institution and provider of affordable social housing in the country. The committee, led by its chairman, Sen. Barnabas Gemade, gave the commendation during their oversight visit to FMBN head office in Abuja. ...

Governor Ifeanyi Ugwuanyi of Enugu State on Monday presented a budget proposal of N109, 199 billion for the 2019 fiscal year to the State House of Assembly for consideration and passage. Presenting the 2019 budget proposal tagged: ‘‘Budget of peace, equity and prosperity’’, Gov. Ugwuanyi disclosed that the appropriation bill was 5.44% higher than the 2018 budget of N103, 563 ...

Although mortgage market and financing has continued to be a source of worry for operators in the nation’s housing delivery, investors and industry players have projected a positive future. Currently, Nigeria’s mortgage banks charge between 19 and 24 per cent. And this could go higher, depending on the risk volume, which has affected the real estate’s potential as a goldmine ...

Although, surveying is the foundation of all professions in the built environment, lack of government attention and ignorance have relegated it to the background leading to the underdevelopment of the country. Immediate Past Surveyor-General of the Federation, Prof Peter Nwilo disclosed this at the Lagos State Young Surveyors Network Twenty Eighteen Annual Conference and Workshop themed “Building The Future of ...

FAAN – A document obtained by our correspondent has revealed that there are no fewer than 150 investment opportunities in 19 of Nigeria’s airports Federal Airports Authority of Nigeria (FAAN) has categorised 20 of the nation’s airports into four with the Murtala Muhammed Airport (MMA), Lagos, Nnamdi Azikiwe International Airport (NAIA), Abuja and Port Harcourt International Airport (PHIA), Omegwa, rated ...

The Ifo Command of the Federal Road Safety Corps (FRSC) in Ogun has urged Julius Berger Nigeria Plc, to fast-track the completion of Lagos/Abeokuta expressway. Julius Berger is the company handling the construction, rehabilitation, and expansion of the road. Mr. Joshua Ibitomi, the Unit Commander of the FRSC in Ifo, made the plea on Friday in Ota, Ogun. Ibitomi said speeding ...

The federal government through the Federal Mortgage Bank of Nigeria (FMBN) in collaboration with the Nigeria Labour Congress (NLC) and other affiliated unions in Nigeria Saturday flagged off the construction of 200 housing units in Katsina State. This was even as FMBN said it has committed N1.9 billion through its Estate Development Loan (EDL) to construct 492 housing units situated ...