Real Estate News

Nigeria’s Deputy Senate President, Senator Ike Ekweremadu has denied reports that he owned hidden properties over which he was grilled by the Economic and Financial Crimes Commission, EFCC, on Wednesday. In a statement made available in Abuja by his Special Adviser (Media), Uche Anichukwu, he described reports credited to the EFCC as mere propaganda and concocted falsehood. The statement reads, ...

Land affects every aspect of a city and national development at large. It is believed to be the central issue in the development process. Its ownership and uses have always played an important role in shaping identities, defining power relations and understanding the political, economic and social process at work. However, there are issues associated with its acquisition, management and ...

The President of the Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kaigama, has berated the Federal Government for not taking workers’ income into consideration in the housing projects being implemented across the nation. Comrade Kaigama said previous efforts to build houses for workers had remained white elephant projects because they did not take time to plan for the workers ...

The management of UniAbuja Teaching Hospital (UATH) Gwagwalada, has keyed into the Federal Government’s policy of providing housing for its staff. The Chief Medical Director (CMD) of the hospital, Professor Bisallah Ekele, stated this at the groundbreaking ceremony of the housing estate for the senior staff association of the hospital at Wuna village in Abuja. He said the estate was ...

To make housing affordable to average Nigerians, foremost manufacturer of tiles, grouts and adhesives, West African Ceramics Ltd has called for the support of Buy Nigeria campaign. General Manager of the firm, Mr. Bhaskar Rao, made the call at the inauguration of two additional mega and ultramodern exclusive tile showrooms in Port Harcourt and Aba. Stressing the firm’s support for ...

Moves are presently being made by the Special Presidential Investigation Panel for the Recovery of Public Property to recover about N87 billion bad debts owed the Federal Mortgage Bank of Nigeria (FMBN) by developers. It was gathered that the debts arose from loans obtained by estate developers and primary mortgage institutions between 2009 and 2016. Preliminary investigations showed that some ...

The Federal Government on Thursday said that the 823 million dollars spent on 45.245 km Abuja light rail mass transit, inaugurated by President Muhammadu Buhari on July 22, was justifiable. The Minister of Information and Culture, Alhaji Lai Mohammed, who took journalists on a tour of the rail project in Abuja, said contrary to misconception by critics, the project was ...

As parts of its efforts to make tenants house owners, the Osun state chapter of the Nigerian Civil Service Union (NCSU) will on Tuesday, 7th of August, 2018 flag off affordable housing scheme. The union said the housing scheme would be available for its members and the general public at affordable rates. In a statement issued and signed by the ...

President/ chairman of Association of Professional Bodies of Nigeria (APBN), Dr. Idris Omede has decried the delays on issuance of land titles, with a call that the ease of doing business through the Economic Recovery and Growth Plan (ERGP) should address the challenges. This is even as he disclosed that genuine government action to reactivate and reinvigorate Ajaokuta steel company ...

The Nigerian Society of Engineers (NSE) has advised governments at various levels in the country to make use of qualified engineers to avoid decayed and sub-standard infrastructures. While lamenting the dearth of excellence in sustainable engineering infrastructure in the country, they wondered why some state capital development agencies would not create or allow a desk office for engineers whose primary ...