Real Estate News

The Guardian reports that the All Progressives Congress (APC) has said that President Muhammadu Buhari plans to spend the $29.9 billion, he wants to borrow, on reviving the comatose economy and paying contractors, some of who are being owed for up to 10 years. The Guardian reports that APC’s National Chairman, Chief John Odigie-Oyegun, said Sunday night that the President ...

The Federal Government has placed a ban on importation of all types of vehicles into the country through the land borders. The Guardian reports that the Customs Public Relations Officers, Wale Adeniyi, confirmed this in a statement he issued yesterday, said the order takes effect January 1st, 2017. He said: “Importation of vehicles into Nigeria through the land borders have ...

Federal Government has opposed the plan by the Senate to scrap the Federal Roads Maintenance Agency (FERMA) and replace it with the Federal Roads Authority (FRA). The Guardian reports that the upper chamber of the National Assembly was wanting to repeal the Act establishing the agency having being sponsored by the chairman of its Committee on Works, Kabiru Gaya (APC ...

As part of efforts to improve road networks in Delta State, the authorities made it known that they have embarked on 71 road projects at a total cost of N32.9 billion between May 2015 and November 2016. The Guardian reports that the State’s Commissioner for Works, Mr. James Augoye who spoke in Asaba at a ministerial press briefing explained that ...

Kebbi State Governor, Abubakar Atiku Bagudu has approved the sum of N1.6b for the renovation and rehabilitation of 13 hospitals in the state. The Guardian reports that the Commissioner for Health, Alhaji Usman Umar Kambaza, while briefing newsmen yesterday at the end of the state executive meeting held in Birnin Kebbi, said the renovation and other facilities would cost government ...

UACN Property Development Company (UPDC) Plc, last week unveiled another residential project in Lagos, The Residences, which is a milestone towards reducing the huge housing deficit in Nigeria in general and Lagos in particular. According to The Guardian, The Residences, located within the former Durban Hotel, now Golden Tulip Festac Hotel, Janet Fajemigbesin Street, Off Festac Link Road, Amuwo Odofin, ...

Aframero Limited, an Nigerian provider to the building industry, has called for government’s intervention in the furniture and design sector to make it self-sufficiency in local production. The Guardian reports that the Managing Director, Aframero Limited, Mrs Yetunde Oghomienor who spoke at the company’s customers’ forum in Lagos, noted that 2016 has been an interesting year due to the cost of ...

The Guardian reports that a network of the world’s megacities committed to addressing climate change, C40 has listed Lagos among cities to benefit from the $3 billion grant to reduce greenhouse gas emissions and climate risks. According to The Guardian, the group supports cities to collaborate effectively, share knowledge and drive meaningful, measurable and sustainable action on climate change. The ...

In a bid to retain significant proportion of Nigeria’s landmass under forest, the Nigerian Conservation Foundation (NCF) has begun a new initiative known as Green Recovery Nigeria (GRN).The Guardian reports that the initiative aims to establish a forest rehabilitation scheme in 25 per cent (230,942 sq. km) of Nigeria’s total landmass (923,768 sq. km) from 2017 to 2047, while simultaneously promoting ...

Abia State Governor, Okezie Ikpeazu has officially flagged off the construction of 170 km of rural roads across the 17 Local Government Areas of the state, under the rural road programme of the government. According to New Telegraph, Ikpeazu hinted this at the flag off ceremony and commissioning of the 4.7km Owerrinta- Egbelu Mbutu road in Isiala Ngwa South council ...