Real Estate News

The blockade of access roads in Lagos, Nigeria’s major commercial city continues unabated, as the Mile 2 axis of the Oshodi-Apapa Expressway was for a better part of Thursday, locked down. This caused total traffic gridlock on the road. Motorists were seen diverting to various routes alternative to the expressway, but the alternatives were no better, as several vehicles got ...

Residents of Fagbile Estate, Isheri Ijegun Road, a suburb of Lagos, have fled their homes as a result of a vandalised pipeline which spilled its content in the area. One of the residents disclosed on condition of anonymity, on Thursday in Lagos that she was woken up by the smell of fuel from the broken pipeline. According to her, she ...

LAGOS – One major index of social change and development today, especially in Africa, is infrastructure development as particularly epitomized by the construction of roads and bridges. No nation can boast of having achieved development if a large percentage of her roads are impassable. Infrastructure development is critical to achieving human capital development in any society. The economic impact that ...

The Real Estate Development Association of Nigeria (REDAN) has honoured its pioneer president, Dr Lateef Jakande; Federal Mortgage Bank of Nigeria (FMBN) and former board chairman of FMBN, Prof. Akin Mabogunje for their meritorious contributions towards the growth and development of the housing sector. REDAN is the umbrella body of the organised private and public sector responsible for housing development ...

Governor Nasir el-Rufai of Kaduna State, yesterday, said the state needs $95.5 billion to address infrastructure challenges for the next 30 years. Gov. Nasir-El-Rufai He spoke at the third edition of the Kaduna Investment Forum where the former President of Tanzania, Dr. Jakaya Kikwete, called on African countries to create conducive environment to entice investors to the continent. According to ...

Property worth  millions of naira in both residential and public buildings in Ilorin, Kwara state were destroyed by a late Tuesday evening rainstorm accompanied by a windstorm. Affected areas in the metropolis included Ibrahim Taiwo Road, Adewole, Alore, Oloje, Ogidi, Gaa-Akanbi, Okolowo, River Basin and Zango communities, just as the state capital had experienced power outage since Tuesday evening. It ...

Stakeholders in the real estate sector have called on federal and state governments to focus on urban regeneration and provision of infrastructure at project sites to facilitate affordable housing. This was revealed on the sideline of a workshop organised by Real Estate Development Association of Nigeria in Abuja. The director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy ...

Gov. Atiku Bagudu of Kebbi has approved the release of N412 million as compensation to property owners affected by on-going township road constructions in four major towns in the state. The governor disclosed this in a statement by his Press Secretary, Alhaji Abubakar Muazu, made available to newsmen in Birnin Kebbi on Thursday. Giving a breakdown of the amount, he ...

It was all excitement for residents of Ipaja, Aiyetoro, Peak Thomas and other sub-urban communities in Alimosho area of Lagos State, Monday, as Governor Akinwunimi Ambode opened up the areas with network of 21 roads and two bridges amounting to 27.4 kilometres in all. The development is seen impacting the lives of the residents who can now access their once ...

The leadership of National Assembly is expected to transmit the bill for the establishment of Federal Road Authority and the legislative framework for private sector participation in the development of road sector, to the Presidency for assent. The House of Representatives says its decision to adopt the Senate version of the Federal Road Authority was geared towards fast-tracking the proposed ...