Real Estate News

Edo Government has threatened to sanction owners of illegal structures under the Electricity High Tension Transmission Line across the state. Oye Erimona, the state’s Commissioner for Physical Planning and Urban Development, gave the warning in a statement on Saturday in Benin. He said such owners should immediately remove the illegal structures, saying “actions of the defaulters amount to an act ...

Enugu State Housing Development Corporation (ESHDC) said it is poised to compete favourably with its contemporaries in the private sector of the Real Estate Sector, with a view to providing affordable housing to the public. General Manager of the Corporation, Mr. Chukwuemelie Agu, disclosed this while commissioning an office outlet at the Departure Lounge of the Akanu Ibiam International Airport, ...

Residents of Mallam Village Community in Ebute Metta in Lagos State on Friday appealed to the Lagos State Government to provide them with a modern healthcare center, a primary school and housing. They made the appeal when Blue Baby Support Initiative (BBSI), a non-governmental organisation (NGO), distributed foodstuffs and other items to no fewer than 500 less privileged in the ...

Jada town – The minister of Power, Works and Housing, Babatunde Raji Fashola yesterday, flagged-off the 112km dilapidated Jada town road, which leads to former Vice President Atiku Abubakar’s hometown, at the cost of N22.7bn. While speaking at the occasion, the minister said the contract is in line with the present administration’s commitment to addressing infrastructural deficit in the country. ...

The Nigerian Council of Registered Insurance Brokers has urged the Federal Government to incorporate appropriate insurance policies into its housing projects. The President of the council, Mr. Shola Tinubu, who recalled that the Federal Government recently announced that N197bn was spent on the construction of 26,002 houses and the renovation of 13,953 homes across the country, stressed the need to ...

The Federal Road Safety Corps (FRSC) in Ogun on Thursday announced a temporary traffic diversion on the Lagos-Ibadan Expressway from Sunday, August 26. Clement Oladele, the FRSC Sector Commander in Ogun, said that the diversion was sequel to the ongoing construction of pedestrian bridge around Ibafo Bus Stop. Oladele said: “The diversion will enable the construction company building the pedestrian ...

Fresh facts have emerged that the built environment is still battling to contend with over N2billion losses recorded during two years of Nigeria’s economic recession. Findings indicated that the losses emerged from underpriced and vacant properties mostly within Abuja, Lagos and Port Harcourt. It was also revealed that the real estate sector is yet to recover from the loss compared ...

The Third Mainland Bridge, longest bridges in Nigeria and one of the top three in Africa that connects Lagos Island to the mainland areas will be temporarily closed from 12 midnight today till Sunday, August 26th, 2018. This is to enable test assessments on the level of the bridge, which is one of the most strategic and economic linking Lagos ...

The Federal Government, through the Nigerian Shippers Council (NSC), has disclosed plans to establish Truck Transit Park (TTP) in Ogbulafor Enugu State, at an estimated cost of $8.5million. The Executive Secretary, NSC, Hassan Bello, while receiving the Outline Business Case (OBC) at the Infrastructure Concessioning Regulatory Commission (ICRC), in Abuja, disclosed that the Public-Private Partnership (PPP) project would create over ...

Ibadan Electricity Distribution Company (IBEDC) said it has invested over N15.5 billion in major capital projects for the upgrading of infrastructural facilities in the last six months. The company’s Managing Director, John Donnachie, who said this at the weekend, added that the investment covered supply of 10,000 Distribution Transformer (DT) meters at N4bn. The meters, according to him, would greatly ...