Real Estate News

According to Leadership, the federal government has pledged that the housing units to be built under the Federal Housing Scheme (FHS), will be allocated to all Nigerians, irrespective of their states’ of origin and economic status in society. Minister Of Power, Works and Housing, Mr Babatunde Fashola made the pledge yesterday in Maiduguri while speaking to newsmen shortly after inspecting ...

The Federal Government has concluded plans to float a mass-housing scheme for public sector workers in states in order to reduce the housing problem in the country. “Coming under a public private partnership, implementation of the scheme has reached an advanced stage. The project will be completed in the next three years.”- The Guardian Minister of State for Power, Works and ...

“In meeting with its office accommodation challenges, the authorities of the Nigerian Prisons Service (NPS), have move to build an ultra modern administrative headquarters will be sited in Okwu, Umuoma – Nekede, Owerri North Local Council of Imo State. The Assistant Comptroller General of the service in Imo State, Alloy Uchenwa, who disclosed this during a courtesy visit by a ...

The Guardian reports that after a major agreement with Kaduna Government to promote mortgage penetration and home ownership recently, the Nigerian Mortgage Refinance Company (NMRC) has again entered into another deal with estate developers. The agreement with the Real Estate Development Association of Nigeria (REDAN) is meant to boost research, advocacy and housing finance in the housing sector. The deal ...

“Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.” The Guardian The growth, experts said, would however depend on the supports from private and public investments, agricultural revolution, favourable oil prices, increase in volume of oil production and capable political leadership. This is the ...

The Federal Government says the country’s Constitution does not discriminate against women but also guarantees their rights to inherit property. The theme of the event, organised by the Office of the Senior Special Assistant to the President on Sustainable Development Goals, was “Women’s Property Rights in Africa: Key to economic empowerment’’. PM News reports The Minister of State for Foreign ...

“The Nigeria Immigration Service (NIS) has partnered the Federal Mortgage Bank on a N59.7 million social loan facility for the officers and men of the service. Making the disclosure yesterday, spokesman of the NIS, Mr. Sunday James, an Assistant Comptroller of Immigration (ACI) said the loan was part of efforts to enhance the welfare package of the workforce for improved ...

This Day reports that against the backdrop of incidents of collapsed building and other mishaps in recent times resulting from shoddy construction jobs by untrained artisans, gesellschaft für internationale zusammenarbeit (GIZ) and European Union (EU) have begun re-training of artisans in Plateau state, to adequately equipping them to deliver optimally on their jobs. Graduating the first batch of 160 trainees, ...

The Eagle Online reports that no Nigerian city was named in the top 100 Mercer’s 19th Quality of Living ranking released on Tuesday. However, Mauritius and South Africa made the top 100. While Port Louis in Mauritius was ranked 84th, Durban, Cape Town and Johannesburg, all in South Africa, came in 87th, 94th and 96th. Nigeria, out of the 231 ...

According to Business Day, Nigeria has led advocacy campaign for the promotion of women’s property rights in Africa, saying it is a panacea to achieving women economic empowerment in the continent. The Senior Special Assistant to the President on Sustainable Development Goals (SDGs), Adejoke Orelope-Adefulire, hosted Africa’s women parliamentarians at a side event at the ongoing UN Commission on the ...