Real Estate News

In a bid to assist the Federal Government to embark on rehabilitation of Internally Displaced Persons (IDPs), in parts of the insurgency-ravaged areas in the North East, Aliko Dangote Foundation has concluded plans to commission a multi-billion naira housing estate. Chief Executive Officer of Aliko Dangote Foundation, Mrs. Zouera Youssoufou, said the commissioning of the 200 housing units for IDPs ...

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to transfer its abandoned property in Lagos to the state government or lease them to the private sector. The President of LCCI, Mr. Babatunde Ruwase, made the plea in an interview in Lagos on Monday. Ruwase noted that several properties belonging to the Federal Government in the ...

Experts on economic matters have said that government must wake up and face the realities on ground, as it needs to invest N18 trillion yearly to meet up with infrastructure development in the country. To achieve this, they submitted that government must give room for private sector participation, allow sanctity of contracts and open up to foreign capital to develop ...

President Muhammadu Buhari says his administration has invested about $9 billion to strengthen investment on power, roads and railway. Buhari said this on Monday while declaring open the 61st meeting of the United Nations World Tourism Organization (UNWTO) Commission for Africa (CAF) holding in Abuja. Represented by Boss Mustapha, secretary of the government of the federation (SGF), the president said ...

The management of the Nigeria Customs Service (NCS), Seme Command has launched an aggressive cleanup initiative to reclaim Customs land from illegal occupants and land grabbers in Seme area of Lagos State, as well as rid the land border community of impostors and touts. According to a statement signed over the weekend by the Seme Customs Command Spokesman, Selchang Taupyen, ...

IGR – Governor Abdulfatah Ahmed of Kwara State says the internal revenue reform carried out by his administration has enhanced the capacity of the State government to meet its recurrent obligations and implement capital projects. Speaking during an interactive session with newsmen in Ilorin, Governor Ahmed said the reform which led to establishment of the Kwara State Internal Revenue Service ...

The Nigerian Army has described a false allegation made by one Mr. Victor Otomiebo that it has sold off lands meant for barracks in Warri, Delta State. A statement by the Director Army Public Relations, Brigadier General Texas Chukwu, said the allegation was made against the Nigerian Army and the person of the Chief of Army Staff (COAS), Lt. Gen. ...

Determined to address the housing shortage in Edo state, the government has concluded plans for the building of 1, 800 housing units through a joint-venture partnership between the Edo Development and Property Agency (EDPA) and MIXTA Africa, a private real estate developer. Governor Godwin Obaseki who disclosed this yesterday in Benin said that arrangements are in top gear for Vice ...

Ogun State – In its drive at revitalizing the economic activities at Agbara – Igbesa axis, Ogun State government is partnering with a private firm, China- Africa Investment for the reconstruction of the 10-kilometre Lusada-Igbesa road. The reconstruction of the single carriageway is being done through Public-Private-Partnership(PPP). The road projects come with median, street lights, drains and walkway facilities. Speaking ...

Following cases of building collapse, the Building Collapse Prevention Guild (BCPG) has restated its commitment to attain a zero per cent tolerance in Lagos State. The Chairman of Lagos State branch of BCPG, Mr. Yinka Ogunseye, made the assertion at a workshop organised by Ikoyi-Obalande BCPG Cell in Lagos State. Ogunseye said that the rate of building collapse had reduced ...