Real Estate News

The Lagos Branch Chairman of Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr. Offiong Ukpong has said that Surveyors and Valuers are not responsible for the huge housing deficit and high rent. He was reacting to the claim of Works, Power and Housing Minister Mr. Babatunde Fashola’s that surveyors and valuers should be blamed for those problems. Ukpong, who ...

Operators in the built and road sector of the economy yesterday condemned the control of about 90 per cent of the nation’s construction industry by a few large expatriate firms. Concerned about this, they are teaming up with the Federal Government to change the tide. A major initiative in this regard is the planned launch of a vocational education scheme ...

According to Sahara Reporters, A federal high court in Lagos has granted a Mareva injunction permitting the Nigerian government to freeze assets owned by two Nigerian businessmen Kola Aluko and Jide Omokore, and their company Atlantic Energy. The individuals are linked to former Nigerian oil minister, Diezani Alison-Madueke in a wide range shady business dealings that illegally transferred Nigerian oil ...

This is a report from CrossRiverWatch; “The station and barracks located opposite the local government council secretariat along Ranch road has been operational since 1979 and has since remained so without structural rehabilitation sources say. Pictures taken with the help of spy midgets by this reporter, as he was not allowed to use his camera, show the inhabitable conditions the ...

The Lagos State Government on Wednesday, in what is set to become a major milestone achievement in its 50 years of existence, signed a Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge, expected to bring a 14-year old dream to reality. The Bridge, which is geared towards economic growth in the State, is expected ...

Senate President, Bukola Saraki, purchased a property in Maitama, Abuja, in 1993, but failed to declare it in 2003 when he submitted his assets declaration form as a newly-sworn in governor in Kwara State, prosecutors told the Code of Conduct Tribunal on Wednesday. Following a week’s break, Mr. Saraki’s alleged false and anticipatory assets declaration trial resumed Wednesday before Justice ...

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said the plan of his administration to transform Oshodi into a world class transport interchange in the next 13 to 16 months would go a long way to depict the regeneration plan of the State, just as he said that the project would also totally remove all notorious activities associated with the ...

The federal government of Nigeria has released details of the 2016 budget to the public domain. Nigeria’s Ministry of Power, Works and Housing was allocated the sum of N456,936,811,203 for the fiscal year 2016. The ministry is under the control of Babatunde Raji Fashola. Here are some of the projects we look forwards to, as listed in the budget: 1. ...

The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola has said the Construction Companies are to re-engage 17,500 workers laid off the sector in the last three years over huge debts owed to them Fashola made this known on a television programme, Good Morning Nigeria, a Nigerian Television Authority programme in Abuja yesterday According to the Minister, “41 ...

The Association of Housing Corporations of Nigeria (AHCN) has completed its ultra modern edifice and it is due for commissioning on Thursday 26th May, 2016 at the Central Business District, Alausa, Ikeja in Lagos. The edifice which will be commissioned by the Governor of Lagos State, Governor Akinwunmi Ambode, and Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, ...