Real Estate News

The Minister of Works and Housing, Mr. Babatunde Fashola, has told construction experts to embrace new technologies, to build smart cities in Nigeria. Fashola, represented by the Federal Controller of Housing in Lagos State, Mrs. Sarah Alawode, made the call at the Fifth Construction Industry Hall of Fame Lecture/Induction in Lagos on Friday. The lecture, organised by Construction and Engineering ...

The Lagos State Government (LASG) has cautioned estate developers in the state not to build without necessary approvals, saying that abiding by the State planning and building controls regulations is the right way to build. The Commissioner for physical Planning and Urban Development, Dr. Idris Salako reiterated this at a meeting in his office with the Association of Real Estate ...

After decades of suffering, deprivation and near loss of life, a councillor has given succour to a childless widow in Nsukka Local Government Area of Enugu state. Evaristus Asadu, who represents Nru ward, is building a three-room apartment for Mrs. Caroline Ngwuoke in Iheagu village, Nru Nsukka “to alleviate the suffering of the poor widow before she loses her life ...

A 55-year-old lawyer, Sim Nnamani, has claimed that he lost his primary, post-primary and law degree certificates as well as other valuables to alleged forceful eviction by his landlord. Nnamani, who lived at No. 12 Falana Street, Iyana Ejigbo, Lagos, claimed to have been forcefully evicted from the one-bedroom apartment he shared with his brother when the former landlord, Gbenga ...

President Muhammadu Buhari has dissolved Okoi Obono-Obla-led Special Presidential Investigation Panel for the Recovery of Public Property (SPIP).  Buhari, in a release issued on Tuesday by his Special Adviser on Media and Publicity, Femi Adesina, directed the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to immediately take over all outstanding investigations and other activities of the Special ...

Ms. Leilana Fartha, UN Special Rapporteur on the Rights to Adequate Housing, on Monday advised the federal government of Nigeria to impose vacant home taxes with a view to addressing housing challenges in the country. Fartha at a news conference in Abuja expressed concern over the human rights crisis presented by poor living conditions in Nigeria’s informal settlements. According to ...

Minister of Works and Housing Babatunde Raji Fashola Tuesday appeared before the House of Representatives Ad-hoc Committee on abandoned Federal Government’s Projects (Works) from 1999 till date and insisted that there was no abandoned project in the sector. A statement issued by the Deputy Director, Press at the ministry, Mr. Stephen Kilebi, quoted Fashola as calling for a stronger collaboration ...

Oyo State Government has declared war on those who are destroying some of the newly constructed model schools in the state, saying the present administration would treat them as saboteurs who maliciously damage government properties. This was stated in Ibadan, on Tuesday, September 24, 2019, by the Chairman, Oyo State Universal Basic Education Board, Dr. Nureni Aderemi Adeniran. Speaking on ...

The report said, “The real estate sector performance has remained lacklustre since 2016 and has recorded a positive GDP growth just once in the past 15 quarters.”  Analysis by CSL research has shown that the housing industry in Nigeria grew once since 2016. Using data from the Central Bank of Nigeria, the financial analysis firm discovered that loans granted to ...

Gov. Yahaya Bello of Kogi has appealed to the Federal Government to urgently rehabilitate the Lokoja-Okene-Ekiti road. Bello, who made the call while speaking with newsmen at his hometown, Okene, on Saturday, described the condition of the road as deplorable and called for the urgent intervention of the Federal Roads Maintenance Agency (FERMA). He said that his administration had intervened ...