Real Estate News

Total Group has said it will build a plastics recycling plant in Nigeria to convert waste to useful products as part of its Corporate Social Responsibility agenda. The oil major said it would set up a sustainable pilot plant to recycle 800 tons of polyethylene and polypropylene yearly from dumpsite in the country as a CSR project. The Executive General ...

Again, stakeholders comprising real estate developers, builders, engineers, estate surveyors, and town planners are mounting pressure on the National Assembly to expedite action on the outstanding housing bills before it. The housing bills are yet to be passed by the National Assembly since 20O4. They include the passage of Foreclosure Bill into law to legally resolve default issues in the ...

Dr. Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), has warned residents to stop building structures on waterways. Oke-Osanyintolu in Lagos on Friday that indiscriminate building on waterways was largely responsible for flooding in the state. “Residents should stop building structures to prevent the free flow of water. “The government will re-enforce laws against illegal structure but with ...

The Edo State Government is set to commence the demolition of illegal structures erected on government property, including public schools and waterways in Benin City and other major settlements in the state. The Commissioner of Physical Planning and Urban Development, Dr. Erimona Edorodion, announced this in a statement on Thursday. The exercise will also affect roof eave-extensions and structures erected ...

Bersama Cooperative, a real estate investment-based society has launched their investment plan for children. Bersama kid/teens is a real estate plan which focuses on a structured savings for parents and guardians of children within the age range of 0-18 years. The initiative is specifically geared towards investing in properties on behalf of the children/wards before their 18th birthday. The ownership ...

President Muhammadu Buhari says he has approved a sum of N10 billion as intervention fund for the rehabilitation of Akanu Ibiam International Airport, Enugu state. He made the announcement via his Twitter account, on Thursday. Buhari said he is optimistic that the work will be done and completed on time. He said his administration will continue to prioritise infrastructural development ...

The Federal Housing Authority (FHA) has unveiled plans for the construction of Abuja Diaspora City to be sited on 750 hectares of land in Kabuzu-Maitama II district as well as 30,000 mass housing in the nation’s capital city. FHA acting managing director/chief executive officer, Umar Gonto, disclosed this yesterday during an interactive session with the House of Representatives committee on ...

Several residents of the coastal communities in Ese Odo Local Government Area of Ondo State, including Igbotu, the hometown of the mother of state governor, Mr. Rotimi Akeredolu have been sacked from their homes following several days of downpour. Some of the communities include Igbobini, Iluagbo, Sabome, Inikorogha, Oboro, Ojuala, Ipoke and Igbekebo, the headquarters of the local government, where ...

The Minister of Works and Housing, Babatunde Fashola, on Tuesday, said the Federal Government planned to introduce a national cooperative housing scheme to provide affordable houses for Nigerians. According to him, the scheme will go a long way in addressing the huge housing deficit in Nigeria. Fashola, who spoke during the unveiling of a showroom by Karmod Nigeria in Abuja, ...

Another building has collapsed at Rademo Street, behind recreation center, Ita Elewa, Ikorodu area of Lagos as a result of Saturday’s heavy downpour. According to the Lagos State Emergency Management Agency, LASEMA, the one storey building partially caved in because of intense rainfall but said no life was lost. Investigations by LASEMA revealed that aside from the heavy downpour, the ...