Real Estate News

A real estate developer, Mr. Babatunde Gbadamosi, has called for the repeal of Land Use Act to allow for freehold ownership system in all states across the federation. Gbadamosi, CEO of Red Bricks Homes, told newsmen on Monday in Lagos that the repeal of the law would help attract the much-needed investment in real estate sector. He said that the ...

The Niger Delta Development Commission (NDDC) has warned contractors working for it to brace up and discharge their obligations fully as the Commission will no longer pay for jobs that are not verified and certified. The warning came from the NDDC Acting Managing Director, Gbene Dr. Joi Nunieh while inspecting projects, which included the multi-billion erosion control project in Bende ...

Emeka Odo, chairman of the State Internal Revenue Services (SIRS), told journalists on Friday that SIRS’ year-end enforcement on alleged recalcitrant tax defaulters will result in sealing off the premises of 37 institutions. The affected institutions included hospitality industries, financial institutions, and schools. The chairman said the 3,000 institutions owe the state government debt of N2.5 billion. “This exercise, which ...

A non-governmental organisation, the Physical Planning Renaissance Initiative, has asked the recently inaugurated Physical Planning and Building Control Appeals Committee set up by the Lagos State Government to speed up action on its mandate. While commending the Lagos State Government for inaugurating the committee, the PPRI said it would provide a unique opportunity for multifarious groups with interest and concern ...

LASG – Mr. Tunji Bello, the Lagos State Commissioner for Environment and Water Resources, said this on Thursday, during a Stakeholders’ Forum on Construction, Demolition and Disaster Waste (CDDW) Management in Lagos State. The forum, organised by the Lagos Waste Management Authority (LAWMA), has the theme: ”Creating Value Through Responsible Management of Construction and Demolition Waste in Lagos State.”  Represented ...

As part of efforts to contribute his quota to the development of infrastructure especially in the education sector, a philanthropist and Vice Chairman of Esan Development and Transformation Initiative, Dr. Dolly Afe Okogie, has commenced the construction of a 100-room hostel at the Ambrose Alli University (AAU), Ekpoma. Okogie, who was recently conferred with a honorary degree of Doctor of ...

Experts in the built environment have said investment in innovative construction products will curb the incidence of building collapse in the country. They noted that with the recurring cases of building collapse in the country and deadly portholes on the roads, it had become necessary to leverage innovative products that would extend the lifespan of houses and roads. At a ...

Goods worth millions of naira were, on Sunday, destroyed by fire, which wreaked havoc on over 30 shops in the Owode-Onirin Market along the Ikorodu Road, Lagos State. The fire, which started from one of the shops in the metal section of the market, spread to other shops and destroyed goods worth millions of naira. The shop owners were left ...

The Nigeria Institute of Architects (NIA) has frowned at the low life span and quality of buildings across the country, which in most cases lasts between 20 to 30 years. The new president of the institute, Sunny Echono who stated this at the weekend noted that a building that is designed and constructed with good materials should last for 100years. ...

The House of Representatives has directed the Ministry of Works and Housing to implement the National Building Code in order to regulate construction as part of efforts to curb the rising incidences of building collapse in the country. The House also directed the ministry to liaise with the Building Collapse Prevention Guild to carry out assessment of buildings prone to ...