Real Estate News

The Lagos State Government on Monday appealed to demolished property owners whose houses were affected by the on-going removal of structures on the Right of Way for road expansion projects in various areas of the State to submit the relevant documents that will ease processing and payment of compensation. The government said prompt submission will enable the present administration to ...

The managing partner of Prince Joel and Associates, Prince William-Joel has said the difficulties inherent in real estate transactions and land acquisitions in Nigeria need to be tackled appropriately. According to him, that has to be done within the right context in order to eliminate all forms of inadequacies and mishaps relating to property and land acquisitions. He said the ...

Many residents in estates within the Federal Capital Territory (FCT) have decried lack of functional social amenities. Some stakeholders told journalists of their anger and frustration. They stressed the need for relevant government agencies to intervene and ensure provision of essential infrastructure in the estates. A resident of Cajaah Estate, Nwagbara Ihueze, told the News Agency of Nigeria (NAN) that ...

To improve the nation’s economy, estate surveyors have stressed the need to ensure that viable stock of infrastructure is constantly functional and sustainable. According to them, this could only be sustained through appreciation and enthronement of facility management profession in the national lives. They called for the establishing of a positive correlation between the infrastructure and economic development. According to ...

The Federal Government may have dumped the plan to demolish about 1,400 buildings in Abeokuta for the $1.5bn Lagos-Ibadan rail project, due to what it described as huge compensation cost. Speaking to newsmen on Monday in Ibadan after meeting with officials of the China Civil Engineering Construction Company (CCECC), the Hon. Minister of Transportation, Rotimi Amaechi said the compensation cost ...

The Kogi State government has said it is hoping to attract about $350 million which it would put into developing its agriculture and infrastructure within this year. It said that it would invest $200 million in its agriculture, while $150 million would go to the upgrade of the state’s social infrastructure. The state’s Commissioner for Finance, Mr. Asiwaju Idris, made ...

Lagos State Governor, Mr. Akinwunmi Ambode, Monday disclosed that the state government would extend the reconstruction of Oshodi-Airport road to Ladipo Market, West Africa’s largest spare parts market along the Oshodi-Apapa expressway. Ambode also appointed a former Deputy Governor of the state, Femi Pedro, as the Chairman of the Governing Board of the Lagos State Sports Trust Fund (LSSTF) and ...

The federal government has said it has commenced rehabilitation of failed portions of the nation’s road at night to avoid traffic congestions that are associated with day time repair of roads. The Federal Road maintenance Agency’s Engineer in charge of the FCT, Engineer Ambrose Omame stated this at the weekend while carrying out repair works on several portions of the ...

The chairman of Badagary local government area of Lagos State Olusegun Onilude, has hailed Governor Akinwunmi Ambode and the people in the area for the successful completion of Ajara-Agelasho-poka-Erekiti road and bridge. Onilude said the people of Badagry were pleased with the governor that their long expectation has been met in collaboration with Chinese Gezuonba Group of Company Limited (CGGC) ...

Officials of the Federal Ministry of Finance and the Federal Inland Revenue Service, FIRS, involved in Voluntary Assets and Income Declaration Scheme, VAIDS, said they have been inundated with calls from Nigerians in the United Kingdom seeking to inquire about how the new UK government Unexplained Wealth Orders, UWOs would affect their property in that country. A source close to ...