Real Estate News

The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, on Thursday, stated that so far, the federal government has spent about N260 billion out of the N300 billion it budgeted for Nigeria’s road projects. Speaking at the fourth quadrennial delegates conference of the Petroleum Tanker Drivers (PTD) branch of the National Union of Petroleum and Natural Gas Workers (NUPENG) ...

The federal government on Thursday said it had committed N300 billion so far on road infrastructure as against the previous administration, which committed only N18 billion. Babatunde Fashola, the Minister of Work, Power and Housing said this during the 4th Quadrennial Delegates Conference of Petroleum Tanker Drivers (PTD) with the theme: “Road Infrastructure in Nigeria: Impacts on Petroleum Products Distribution” ...

As part of efforts to grow its market reach and sustain the current trade exchange between Nigeria and China, Longrich, a Chinese firm on Tuesday lay foundation to a $20 million factory at the Lekki Free Zone, Lagos. The factory is the first of its kind to be sited by the Chinese firm outside the shores of China. Alex Jia, ...

Officials of the Lagos State Building Control Agency, LASBCA, on Thursday demolished a two-storey building under construction in Mushin area of Lagos, Southwest Nigeria. Irked by the demolition, thugs in the area attacked government officials, who were escorted to the area by police officers, and vandalised six vehicles. The attackers broke several windscreens, side mirrors and other vehicles parts with ...

Three persons died while five sustained various degrees of injuries in an accident involving two vehicles at Alakara on the Owode-Idiroko highway, Ogun State on Tuesday. Babatunde Akinbiyi, the Public Relations Officer of the Traffic Compliance and Enforcement Corps (TRACE) confirmed the development in an interview with the News Agency of Nigeria (NAN) at Ota in Ogun on Tuesday. Mr. ...

Mr. Babatunde Fashola, the Minister of Power Works and Housing, has commended Gov Muhammad Badaru of Jigawa for commitment in completing several road projects he inherited from past administration in the state. Fashola gave the commendation after inspecting the ongoing rehabilitation of the 70-kilometer Hadejai-Kirikasamma-Nguru road in Jigawa. Reports show that the first phase, which covered 34 kilometres had been ...

The Senate has lamented the menace of rising cases of accidents on Nigerian roads. The upper chamber attributed the rate of road accidents to the recklessness and low level of literacy of the drivers. We don’t hear about the reckless drivers being charged with manslaughter, Senator Abdullahi said Worried over the rising cases of road accidents across the country, the ...

To improve affordability for low-income earners in Nigeria, stakeholders in the built environment have urged government at all levels to make housing a top priority. The stakeholders, who spoke at the launch of a book “Affordable”, authored by the founder of Northcourt, a real estate advisory firm, Tayo Odunsi in Lagos, said there is need for a paradigm shift through ...

The minister of works, power and housing, Mr. Babatunde Fashola has given contractors ultimatum to complete the federal road projects in Yakubu Dogara, the House of Representatives Speaker’s hometown. Fashola gave the ultimatum order that they should complete all the projects before ending of May 2019 while on inspection tour to Bogoro LGA of Bauchi state. He said the APC administration ...

Governor Mohammed Abdullahi Abubakar has promised not to leave abandoned projects and also support Federal Government’s mass housing scheme after his tenure as Bauchi State governor. He made the promise in Bauchi Tuesday night when he received the Minister ‎of State, Ministry of Works, Power and Housing, Mustapha Baba Shehuri, who paid him a visit. He said he will strive ...