Real Estate News

The Nation reports that the lawmaker representing Alimosho 1 in the Lagos State House of Assembly, Adebisi Yusuff, has urged Governor Akinwunmi Ambode to establish a Central Business District (CBD) in Alimosho Federal Constituency. He said building a CBD would boost economic activities and discourage residents from migrating to other commercially vast quarters. Yusuff, who spoke at the Constituency Town ...

The Minister of Power Works and Housing Babatunde Fashola has explained why there is poor power supply in the country. The Nation reports that the Minister spoke to State House reporters after the Federal Executive Council (FEC) meeting presided over by acting President Yemi Osinbajo. The FEC meeting approved the upward review of the contract for the completion of the Odogunyan ...

New Telegraph reports that a lawmaker representing Surulere I constituency, Hon. Desmond Elliot, has commended the Lagos State Governor, Akinwunmi Ambode, over the ongoing upgrade of the Eko Tourist Resort, Akodo, in Ibeju Lekki area of the state. Giving the commendation when the committee on Tourism, Arts and Culture went on an oversight of on-going projects under the supervision of ...

New Telegraph reports that the Chairman of Bisrod Furniture Nigeria Limited and evergreen tree planter, Giwa Bisi Rodipe, has appealed to both federal and state governments to invest more in tree planting for climate amelioration, wildlife habitat, aesthetic and commercial values. Rodipe, who spoke recently in Ijebu-Ode, Ogun State, at the inauguration of his state-of-the-art Bisrod Mechanical Kiln Seasoning Plant, ...

Federal Government has reiterated its commitment to up-scaling Integrated Water Resources Management (IWRM) as tools for achieving water and food security in the African continent. Vanguard reports that the Minister of Water Resources, Engr Suleiman Adamu said President Muhammadu Buhari administration had put in place some measures to achieve this, and that, they were ready for collaboration on implementing innovative ...

Vanguard reports that the Minister of Transportation, Mr Chibuike Amaechi, yesterday, said that the decision of Aliko Dangote to set up a $100 million trucks assembly plant in Lagos was out of frustration due to the country’s railway projects delay. Ameachi stated this when he received in audience a delegation of General Electric, GE and other companies in respect of ...

General Electric, a multinational company, has proposed to invest in Nigeria’s three refineries located in Port Harcourt, Warri and Kaduna. New Telegraph reports that the United State of America based company stated this  in Abuja Tuesday in a presentation to Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Baru and his team that the company’s teams ...

The speaker of the House of Representatives, Hon Yakubu Dogara, has advocated for an Infrastructure Bond for funding road infrastructure in the country. New Telegraph reports that Dogara, who made the call when he received the report of the Technical Committee for the Review of the Roads’ Funds Bills in his office, noted that it was very important to ensure ...

The Nation reports that Federal Government on Monday said it has released N72 billion as the full counterpart funding for the construction of Lagos-Ibadan modernization railway project. This was disclosed by the Minister of Transport, Rotimi Amaechi, at the second Presidential Business Forum in Abuja. He said: “For the construction of Lagos-Ibadan railway, the Minister of Finance has been kind ...

Reports show that the Lagos State government has carried out comprehensive enforcement of Traffic and Environmental Laws across the State, just as it urged motorists and residents to adopt willful compliance with the relevant laws to ensure free flow of traffic, civility and public order. The Guardian reports that the enforcement, jointly carried out by men of the Lagos State ...