Real Estate News

The Federal Government has advocated need to fund the various road and housing projects in the South-South region outside annual budgetary provisions. Minister of State for Power, Works, and the Housing, Mr. Mustapha Shehuri, who said this during a three-day inspection tour of projects in the South-South region, yesterday, said there was a need for other sources of funding besides the ...

Governor Ibikunle Amosun of Ogun State has commissioned an ultra modern market for Livestock sellers in the state. Amosun, after the commissioning the handover ceremony of Itoko Livestock Market to Egbe Eleran Iso, in Itoko market, Abeokuta, said “our mothers must not be selling in the sun, but in a conducive environment for their trade.” The governor stated that the ...

The Enugu State Housing Development Corporation says it is on the verge of completing a world-class museum to be named after the first president of Nigeria, Nnamdi Azikiwe. The Managing Director of the corporation, Mr. Chukwuemelie Agu disclosed this on Wednesday in Enugu while speaking with journalists. Agu said that the museum that would be known as Zik Centre was ...

Babatunde Fashola, Minister of Power, Works, and Housing, has called on members of the Nigerian Institution of Estate Surveyors and Valuers to create data on unoccupied houses in the country. Fashola made the call in Abuja on Wednesday during a courtesy visit by a delegation from the Estate Surveyors and Valuers Registration Board of Nigeria, led by its Chairman, Nweke ...

Dutse, the Jigawa state capital has a population of 153,000 people according to 2006 Census, but despite the population size, the state capital is one of the cities in the country where tenants pay rents through the nose. Our reporter gathered that some of the factors contributing to the high rate of rent in Dutse, capital of Jigawa include shortage ...

The Federal Airports Authority of Nigeria (FAAN) has initiated a process to improve funding to its contractors through commercial banks. At a stakeholders’ meeting on Tuesday, The Managing Director of FAAN, Mr. Saleh Dunoma, said the scope involved working with selected financial institutions to provide liquidity to the agency’s major contractors, through direct and contingent funding. Dunoma, who was represented ...

The Federal Government announced yesterday that it was planning to raise over N800 million from the African Development Bank, the World Bank and other institutions to provide affordable mass housing accommodation for Nigerians. The Chief Executive Officer of Family Homes Funds, FHF, Femi Adewole who announced this in Abuja during the fund-raising/launching of Real Estate Developers Association of Nigeria, REDAN, ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on the federal government to impose tax on the real estate sector to generate income. The association also noted that government could generate income through taxes, levies, and fees, stressing that land-based taxes are good sources of income for the government. It argued that there about 15 different charges ...

The Lagos chapter of Nigerian Institute of Quantity Surveyors (NIQS) has urged the Federal government to involve indigenous consultants in the ongoing railway projects across the country. The Institute, which recently elected new members to carry out its activities in the next two years, queried engagement of foreigners on the railway projects. Immediate past chairman of Lagos chapter of the ...

With global focus on modern architecture, investors in Nigeria’s health sector are embracing innovative designs to ensure competitiveness, accessibility and accelerate the healing process. Globally, architectural designs for healthcare infrastructure are big issues in boosting patronage, hastening healing process as well as improving the general well being of the society. Amid business downturns, many developers in Nigeria are now embracing ...