Real Estate News

Verraki Partners, a business solutions company, has called on the federal and state governments, working in partnership with private sector stakeholders to replicate the Lekki Corridor also known as ‘New Lagos’ across other parts of Nigeria. With deliberate government policies to attract private capital leading to huge construction projects and fast-developing real estate market, the Lekki Corridor is believed to ...

The foresight of the founders of the National Youth Service Corps (NYSC) scheme for establishing a platform that gives youths across the country opportunity to contribute to nation-building has been praised and commended.  The commendation was made by the Governor of Gombe state, Muhammad Inuwa Yahaya while at the Gombe State House of Assembly Complex for the unveiling of a ...

Kano state government has expressed readiness to key into the National Housing Scheme to provide an affordable home to civil servants in the state. Commissioner for housing and transport, Abdullahi Musa Lawan spoke about the scheme at the weekend when he received the management of Federal Mortgage Bank of Nigeria (FMBN) in Kano. Lawan, who reeled out the Kano state ...

The Lagos State Government, on Monday, demolished the Katangowa Market in the Abule-Egba area of the state to pave way for the development of the new Computer Village in the area. Shops, houses and worship centres around the market were also reduced to rubble after the expiration of a seven-day notice to quit. An automobile spare parts dealer, Mr. Jude ...

The Edo State Governor, Mr. Godwin Obaseki, has set up an assets management agency to oversee the maintenance of public property in the state. Obaseki, while speaking at a meeting with members of the executive committee, said the initiative was deemed necessary in the wake of increased investment in public property across the state. He said his administration would grow, develop ...

Lagos State Government has collaborated with Architects Registration Council (ARCON) by raising a joint committee on the modality and possible implementation of Architects’ Project Registration Number in the state. This was revealed in Lagos when ARCON visited the state’s Ministry of Physical Planning and Urban Development during which the former presented various issues to the ministry on moving the state’s ...

A real estate development firm Landshop founder Prince David Omaghomi has called for the amendment of the Land Use Act to recognise ancestral ownership of land and make them bankable. At a briefing, Omaghomi said though he could not challenge the Land Use Act, he could call for its amendment on it as many cases were still pending in the ...

Chiemelie Ezeobi and Sunday Ehigiator report that while civil society and non-governmental organisations condemn the recent eviction of Tarkwa Bay residents, the taskforce and Lagos State government have cited the huge scale pipeline vandalism and crude oil theft in the island as valid reasons for the eviction The joint task force against pipeline vandalism and crude oil theft, comprising the ...

In order to reduce the housing deficits in the country, public-spirited Nigerians have called the Federal Government to create strategy of building a yearly supply of 700,000 housing units to fight the scourge of shortage of accommodation in the country. The respondents believe that unless there is a template, the shortage will continue unabated. Andrew Nevin, Chief Economist, PricewaterhouseCoopers (PwC) ...

An expert in the real estate sub-sector, Bode Adediji, has revealed that only about 30 per cent of Nigerians have access to decent living and houses in the country.  He said this is due to estate crisis following poor real estate management which he identified as a major threat to the country’s development.  He spoke as a guest lecturer at ...