Real Estate News

“The Cross River State government monthly allocation from the Federation Account now stands at zero as its wage bill hits N5.1 billion.In view of this, the state is looking inwards to shore up its revenue base and has threatened to revoke the land allocation for the Cross River National Park if approval for the deep seaport and super highway is ...

“With 70 per cent of Nigeria’s population living in unplanned and inhabitable slums, architects have been urged to come up with cheap and affordable housing designs to reverse the trend.”-The Guardian Nigeria has neglected parts of cities where housing and living conditions are appallingly lacking. These slums range from high density, squalid central city tenements to spontaneous squatter settlements without ...

According to Nation Accord, Governor Abdulaziz Yari Abubakar of Zamfara State, and Chairman of the Nigeria Governors’ Forum has denied having any property in Lagos state. In a statement signed by Head of media & public affairs, Nigeria Governors’ Forum Secretariat Abulrazque B. Barkindo and made available to NATIONAL ACCORD, the governor said the “report making the rounds in some ...

“In the bid to promote affordable housing in Nigeria, not more than 400 local and foreign exhibitors will feature in the 11th Abuja Housing Show, says its convener, Fesadeb Communications Ltd. Mr Festus Adebayo, Managing Director of the organisation, told the News Agency of Nigeria (NAN) in Abuja on Friday that the exhibitors would come from Nigeria and 10 foreign ...

According to The Nation, an Igbosere Magistrates’ Court has ordered the police to arrest a property developer, Felix Ezeamama, and bring him to court on a charge of unlawful property demolition. Chief Magistrate O. O. Oshin (Mrs) issued the warrant following Ezeamama’s failure to appear in court over an allegation that he masterminded the damage of twin blocks of flats ...

Vanguard reports that an Ikeja High Court was on Thursday thrown into confusion after a witness slumped and died in the court just before testifying in a land case. The deceased who was in his late 30s had come to court to testify in a land dispute before Justice O.A. Olayinka. “Before the case was called for trial, he started ...

Slums don’t just spring up because a certain group of people or a certain cabal is out to mess up the structure of an urban city, Slums are created by individuals to fix a dire situation. This article talks about “how slums are created in urban cities and why they are destroyed” Any society or urban city that is not ...

“Delta State House of Assembly has called on Governor Ifeanyi Okowa to direct the state Commissioner of Police to deploy more officers and men to Amai and  Ezhiokpor communities in Ukwuani Local Government Area of the state to curtail a raging land dispute between both communities. The House, in a motion brought under matters of urgent public importance by the ...

According to The Nation, the Director-General of Nigerian Building and Road Research Institute (NBRRI), Professor Danladi Matawal, has said using locally-sourced building materials will not only save money for the builder, but can be more environmentally-suited to a particular locality. Matawal, a professor of Civil Engineering, spoke at the 17th Lagos International Housing Fair, which held at the Lagos Airport ...

Here is what Proshare thinks about affordable housing and the slowly recovering economy Today we turn our attention to Nigeria’s housing market. The housing deficit is currently estimated at 17 million housing units, with Lagos and Abuja accounting for 15% and 10% respectively of the total deficit. In both states, several completed residential buildings remain vacant as affordable housing is ...