Real Estate News

In furtherance of creating a better environment in Lagos, the Lagos State Government commences the Oshodi-Isolo Model City Plan. The Guardian reports that the proposed new plan promoted by the State’s Ministry of Physical Planning and Urban Development through an urban and regional planning firm, Vistaplan consulting would involve the evaluation of the level of performance in the area of infrastructural ...

The Gombe Water Project is currently being stalled by lack of funds. This is based on a statement by the Manager of Gombe State Water Board, Isa Muhammad, who revealed in a report by The Guardian that prolonged maintenance at the treatment plant has put the state capital in an acute water scarcity.  Muhammed said the Board would soon establish a ...

The Guardian reports that the Minister of Finance, Kemi Adeosun, has announced plans by the Buhari administration to launch a new housing finance initiative. The Federal Government is planning a mortgage system that will catalyse the development of the mortgage market in Nigeria with the provision of single digit interest rate mortgages and longer repayment periods such as 20 years. ...

With the state of the nation’s economy today, experts are of the opinion that the real estate industry and construction industry can drive growth in the economy through its links to other manufacturing sectors like the transport infrastructure. According to The Guardian, a new report released by the European Commission suggested that every job created in construction results in two ...

More residents of Kwoi in Jaba Local Government Area of Kaduna State have fled, following earth tremors that hit the community last Sunday. The earth tremors which continued into Tuesday, had seen concerned residents relocating their loved ones to safer grounds. The exodus, however, reached a climax yesterday, as several vehicles moved non-indigenes and their properties away. The people’s fear ...

For allegedly stabbing his tenant to death over space to dispose used water, Gbade Metibemu is to be remanded at the Ikoyi Prisons, pending legal advice from the Director of Public Prosecution (DPP). Metibemu, 34, was presented to face trial on a charge of murder before Magistrate Mrs K.A. Ariyo of an Ebute Meta Chief Magistrates’ Court, Lagos, on Thursday, ...

No fewer than five persons were seriously injured in an accident involving a container truck and commercial bus, which occurred on Gbagada-Oworonshoki expressway, Lagos State yesterday. The Commissioner of Police, Lagos State command, Fatai Owoseni, who was on his way for an official assignment had to stop to assist emergency workers in rescuing the injured. Owoseni also ensured that the road ...

An early morning fire yesterday razed a building at No. 5, Aborishade Close, Lawanson area of Lagos State and burnt an octogenarian, Mr. Godwin Oyia, to death. The incident, sources say was caused by an electric device used for boiling water popularly called ‘boiling ring’, which was left unattended to, in the deceased’s room. Emergency workers drawn from the state ...

The noose is tightening around operators of event centres in Lagos State. Government is currently taking inventory of all such businesses for the purposes of ascertaining their relevance in the physical development plan. A task force has already been set up this month with a mandate to identify any inappropriately located event centre, which presupposes that they were not duly ...

No fewer than seven nursing mothers and their new born babies, yesterday, escaped death, as flood ravaged the maternity ward of the hospital they were admitted in, in Abeokuta, Ogun State. The victims were admitted at Christ Apostolic Church Maternity Home, Isale-Ake, in the town, and had gone to bed when flood from a downpour, Monday evening, took over their ...