Real Estate News

Residents of Bariga Local Council Development Area (LCDA) in the eastern part of Lagos State have reaped what could be termed “bountiful dividends” of local government autonomy entrenched in the State. Governor Babajide Sanwo-Olu was in the area on Friday to inaugurate 11 road network recently completed by the council chairman, Hon. Alabi Kolade. Governor Sanwo-Olu’s intervention accelerated the completion ...

The Minister of Works and Housing, Babatunde Fashola, has disclosed that the Calabar-Itu road will be funded from the Sukuk bond later this year. Fashola, who made the disclosure at Ugep, Cross River State while on tour of federal projects in Cross River and Akwa Ibom states, said President Muhammadu Buhari was committed to providing quality infrastructure and diversifying the ...

According to the provision of section 4 (1) (e) of the FCT Act, the FCDA is charged with the responsibility of the coordination of the activities of all ministries, departments, and agencies of the Government of the Federation within the Federal Capital Territory. This provision provides the window for the requests by Federal Ministries, Agencies and Departments, including foreign organizations, ...

The Borno Government on Wednesday says it has commenced construction of 1,000 houses in Monguno to resettle persons displaced by Boko Haram insurgency. Malam Isa Gusau, the Special Adviser on Public Relations and Strategy to Gov. Babagana Zulum, said this in a statement in Maiduguri. Gusau said that Zulum had inaugurated the housing estate project on Monday as part of ...

Some stakeholders, on Wednesday, have called for the review of the operations of the National Housing Fund Scheme in order to meet with the housing challenges of civil servants.  The Nigeria News Agency reports that the scheme was established in 1992 to enable Nigerians in all sectors of the economy to own their homes. Also, Minister solicits more FG empowerment ...

Verraki Partners, a business solutions company, has called on the federal and state governments, working in partnership with private sector stakeholders to replicate the Lekki Corridor also known as ‘New Lagos’ across other parts of Nigeria. With deliberate government policies to attract private capital leading to huge construction projects and fast-developing real estate market, the Lekki Corridor is believed to ...

The foresight of the founders of the National Youth Service Corps (NYSC) scheme for establishing a platform that gives youths across the country opportunity to contribute to nation-building has been praised and commended.  The commendation was made by the Governor of Gombe state, Muhammad Inuwa Yahaya while at the Gombe State House of Assembly Complex for the unveiling of a ...

Kano state government has expressed readiness to key into the National Housing Scheme to provide an affordable home to civil servants in the state. Commissioner for housing and transport, Abdullahi Musa Lawan spoke about the scheme at the weekend when he received the management of Federal Mortgage Bank of Nigeria (FMBN) in Kano. Lawan, who reeled out the Kano state ...

The Lagos State Government, on Monday, demolished the Katangowa Market in the Abule-Egba area of the state to pave way for the development of the new Computer Village in the area. Shops, houses and worship centres around the market were also reduced to rubble after the expiration of a seven-day notice to quit. An automobile spare parts dealer, Mr. Jude ...

The Edo State Governor, Mr. Godwin Obaseki, has set up an assets management agency to oversee the maintenance of public property in the state. Obaseki, while speaking at a meeting with members of the executive committee, said the initiative was deemed necessary in the wake of increased investment in public property across the state. He said his administration would grow, develop ...