Real Estate News

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) resulted in the execution of vital infrastructure across the country valued at over $5 billion in the last three years. President Muhammadu Buhari said on Tuesday in Beijing at the FOCAC Round Table meeting, attended by African leaders and Chinese President Xi Jinping. Highlighting specific projects under FOCAC, the ...

The Federal Government will no longer meet its December 2018 date for the completion of the Lagos-Ibadan expressway project. This was disclosed by the Federal Controller of Works in Lagos, Adedamola Kuti. The Federal Government had earlier promised to deliver the project by the end of 2018. The Minister of Information, Alhaji Lai Mohammed, was one of the government officials ...

Vice President Yemi Osinbajo has promised that the Federal Government will reconstruct the Iwo-Ibadan road from Osogbo, Osun State capital. Osinbajo said this in Iwo during the launching of a federal government empowerment programme for 30,000 petty traders in the state tagged “trader-mini” through the Bank of Industry. The Vice President, Yemi Osinbajo said the empowerment programme in which each ...

The construction and real estate sectors have picked up massively from the economic meltdown that hit the country in 2016 to become key contributors to the country’s economic recovery, an analysis of data has shown. The National Bureau of Statistics (NBS) recently released Gross Domestic Product (GDP) figures for the second quarter of 2018 indicating that for the first time ...

The Pro-Chancellor of the University of Lagos (UNILAG) Dr. Wale Babalakin (SAN) has said foreign firms lack the “emotional capital” required to develop Nigeria’s infrastructure. Dr. Babalakin said this at the 60th Anniversary/8th Fellowship Conferment Lecture and Ceremony of the Nigerian Society of Engineers (NSE) in Abuja. Delivering a lecture titled “Constraints of Implementing Infrastructure Projects through Public Private Partnership ...

The Presidency says Nigeria will sign more agreements with China in the next couple of days as the 7th Forum on China-Africa Cooperation (FOCAC) is underway in Beijing. The Special Adviser to President Muhammadu Buhari, Mr. Garba Shehu, said this on Monday during an interview with Channels Television’s Politics Today, in reaction to the pledge of the Chinese government to ...

To provide sustainable housing policy, experts are moved by the increasing rate of urban population in Africa which would be more than 80 per cent by the year 2050 and the pressure to accommodate them. The have called for urgent steps to eradicate constraints fueling a mismatch between demand and supply of homes. According to them, there was the need ...

Alani Bankole, the father of former Speaker of House of Representatives, Dimeji, has petitioned the Inspector-General of Police, Ibrahim Idris, accusing the Ogun State Governor, Ibikunle Amosun, and Attorney-General of the state, Olumide Ayeni, of flouting a court order on a land dispute involving him and the governor. But the governor in a swift reaction on Sunday through Mr. Ayeni ...

Mr. Abraham Gbileeka, the General Manager of Benue Urban Development Board, says the board has marked no fewer than 300 buildings that contravene law for demolition in Makurdi. He said in an interview on Saturday in Makurdi that most of the affected structures were built on water channels. “It’s true that people are building on water channels and it is ...

ROAD CRASHES: Some contractors are in the habit of indiscriminately abandoning broken down heavy-duty equipment such as earthmovers and caterpillars, concrete mixers, as well as, boulders around sites of ongoing or completed projects. These items obstruct traffic, as well as, endanger lives of road users. First-time users or even regular users of such roads are at grave risk of road ...