Real Estate News

Nigerian multinational telecommunications company, Globacom Limited, commonly known as Glo, will reconstruct the 64 kilometres (km) Ota-Idiroko road in 2022. The Minister of Works and Housing, Mr. Babatunde Fashola, confirmed this development in a statement issued on Wednesday. He explained that the road would be rehabilitated by the company under the federal government’s tax credit scheme, adding that the contract, ...

Kazeem Abolore S, a renowned chief tenant in Lagos was chased out of his apartment for living in the house for 8years. According to the story he posted on Facebook, his landlord’s grand-daughter just woke up one day, came with police men to arrest he and his wife. Read his story below. This day last month, two remarkable things happened ...

Heinrich Boll Stiftung, (HBS) Nigeria and Arctic Infrastructure are proposing the Mixed-Income Housing Model as a strategy to address the housing deficit in Lagos and to ensure availability of adequate and affordable housing to low and middle-income earners in the State. The organizations, through a draft bill, titled ‘A Bill for Mixed-Income Housing development in Lagos State’, want to contribute ...

The Minister of Works & Housing, Mr. Babatunde Fashola, has put a lie to the stereotype that the country has 17 million or 22 million housing deficit. According to Fashola, who debunked the claim Friday at Lafarge Africa Plc quarterly webinar-Concrete Ideas-, there is no proven record or data to support that claim. Speaking on its theme, New Solutions for ...

The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Minister of Works and Housing, Babatunde Fashola, disclosed this while briefing State House correspondents after the Federal Executive Council meeting presided over ...

President Muhammadu Buhari has approved the allocation of 22 three-bedroom houses to Chioma Ajunwa the Super Eagles squad that won the Africa Cup of Nations in Tunis, Tunisia, in 1994, in fulfilment of an earlier promise by the Federal Government. This was sequel to a memo by Minister of Works and Housing, Babatunde Raji Fashola, leading to the President approving ...

One of Nigeria’s first four Architecture graduates, Fola Alade, is dead. Mr. Alade died on Saturday at the age of 87, family sources in Aramoko-Ekiti said. Architectural masterpieces bearing his insignia are the 1004 Housing Estate, Victoria Island, Lagos, defunct Federal Secretariat building, Ikoyi, Lagos, and the National Stadium, Surulere, Lagos. Others are the Remembrance Arcade, Tafawa Balewa Square, Lagos, ...

Abandoned federal government’s properties in Lagos have continued to rot away as housing deficit in the country gets worse by the day. Amongst them is the federal secretariat complex Ikoyi. Other government’s properties in this class include the Nigerian External Telecommunications (NET) building on Marina Street, the Defence House (formerly Independence Building) and the former Navy Headquarters building also on ...

Governor Babajide Sanwo-Olu has delivered two strategic projects aimed at saving lives and securing property in the Epe Division of Lagos State. The Governor, on Monday, commissioned a fully equipped 110-bed Maternal and Child Centre (MCC) built in the ancient town to reduce maternal mortality rate and address complications that may lead to birth defects. The four-storey Epe MCC makes ...

When in early January 2021, a petrol tanker loaded with fuel crashed at Toyota Bus Stop, on the Apapa-Oshodi Expressway, and burst into flames, damaged the airport bridge that leads to Murtala Muhammed International Airport, motorists and other road users never envisaged that it would, for months, disrupt their journeys to and from the airport and other destinations. The damage ...