Real Estate News

To achieve this, the NSE wants the Federal Government to create the enabling environment for private sector initiative and to engage more private sector participants in its mass housing drive. The body noted that housing delivery in developed countries fared better because they are run by the private sector. The NSE President, Mr. Kunle Mokuolu, who expressed reservations about government’s ...

A real estate investor, Lanre Howells, Managing Director, Messrs Beyond Building, has urged Nigerians to move towards a growth that could make them grow wealth exponentially by investing in real estate without necessarily owning a home. He explained that 20 people could own a stake in an estate with the profitability of the investment shared among them. According to the ...

Lagos residents have accused the Lagos State Government under Akinwunmi Ambode of hypocrisy for fixing roads around the New Afrika Shrine in Agidingbi, Ikeja area of the state, where French President, Emmanuel Macron visited two days ago. Macron is due to commission the newly-improved Alliance Francaise facility in the highbrow Ikoyi area of the state  but first visited Fela Anikulapo-Ketu’s ...

Experts in the built environment have asked the federal government to give room for private sector to actualise its infrastructural development plan. They said Nigeria needs N115 Trillion to grow at six to seven per cent yearly exceeding its population growth of over 2.7 per cent. According to Mr. Emmanuel Obe, a real estate developer, government must provide the enabling ...

Committed to the effective and efficient dispensation of justice in Enugu State, Gov. Ifeanyi Ugwuanyi’s administration has approved the award of contracts for the construction of 14 new court buildings in the judicial divisions and magisterial districts across the state. The state government also awarded contracts for the rehabilitation of the access road leading to the dump site of the ...

Despite decamping to the All Progressives Congress, [APC], former presidential aide has lost – temporarily – a big hotel to the Economic and Financial Crimes Commission (EFCC). The anti-graft agency seized the hotel, allegedly worth “between N650 million and N1 billion”, from Mr. Ima Niboro, who was former President Goodluck Jonathan’s spokesman. EFCC also seized N500million in Maitama District, Abuja. ...

A Magistrate Court sitting in Otuocha, Anambra East has sentenced two middle-aged men to three years imprisonment for vandalizing facilities belonging to the Enugu Electricity Distribution Company, EEDC. The convicts Amaechi Joe and Ejike Chigozie were jailed by Chief Magistrate, Onunkwo, after they were arraigned by the police for vandalising the Ring Main Unit (RMU) handle of an Injection Substation ...

A Real Estate Investor, Mr. Godswill Adum, has called for the review of the Land Use Act to meet the current realities of the country. Adum, who spoke with our Reporter in Abuja recently, said the current Land Use Act is not favourable to Farmers who had laboured to plant economic trees. He said the compensation aspect of the act ...

Stakeholders have canvassed the need for private sectors at states level to invest in infrastructure, without necessarily depending on the government. At a one-day International Project Finance Association (IPFA) event titled ‘Private Investment in Infrastructure: The States as Enablers’, in Lagos during the weekend. Stakeholders said when that is done, it would serve as the nation’s fundamental facilities for development. ...

A security guard, Adewale Ibrahim, was on Monday brought before an Ogudu Magistrates’ Court in Lagos State for allegedly stealing his employer’s property. The security guard named Adewale, 36, of Kujore Street in Ojota, is facing a two-count charge of burglary and stealing. The prosecutor, Sgt. Lucky Ihiehie, told the court that the accused committed the offences on June 27, ...