Real Estate News

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday called on the Nigerian Ports Authority (NPA) to accelerate the process of giving approval to the State’s request to build two seaports in Lekki and Badagry. The Governor said the State had already deployed resources and manpower in the construction of the seaports, which, he said, were being initiated to complement the ...

The Nigerian real estate industry is about to experience massive investments from the overseas, as foreign investors have expressed their interest to pump money into the rapidly growing sector.  Some foreign investors, who are seeking new opportunities in Nigeria, said that their interests in the country’s real estate sector were reignited by the growth of the industry. They made this known at ...

President Buhari at the maiden Federal Executive Council meeting of his renewed mandate approved 15 road contracts across Nigeria, worth over N182bn, Presidency has said. According to the information on the Instagram handle of a presidential aide, Buhari Sallau, the following are the approved road contracts approved: 1. Lagos-Badagry express road to Benin Republic, at the cost of N15,297,762,234.22 2. ...

HOUSING POLICIES – The Commissioner for Housing in Lagos State, Mr. Moruf Akinderu-Fatai, says Gov. Babajide Sanwo-Olu’s housing policies are people-friendly for the benefit of different categories of people including the common man. Akinderu-Fatai made this known to newsmen in Lagos on Friday. He said that the state government was aware of the housing problem in the state as a ...

The Federal Government on Thursday restated commitment to address the housing deficit through the cooperative societies that have lands across the country. Mr. Babatunde Fashola, Minister of Works and Housing said this when the Coalition of South-South Chamber of Commerce, Industry, Mines, and Agriculture visited him in Abuja. Fashola said the Federal Government alone cannot solve housing deficit noting that ...

The Managing Director of Cosgrove Investment Limited, Mr. Umar Abdullahi, has been honoured with the award of “Real Estate Developer of the Year” by the Nigeria Institute of Architects (NIA). Cosgrove was also honoured in its corporate capacity for “excellence in smart cities development in the country”   Both honours were conferred by the Institute at its 2019 Conference and Expo ...

Some stakeholders in the telecommunications industry on Thursday said that inconsistent power supply and theft of equipment were making the telecommunications business less profitable. They made this known during a panel discussion at the Nigeria Com Conference 2019 held in Lekki, Lagos. The event had as its theme “Overcoming Power, Accessibility and Infrastructure Challenges’’. According to the operators, security lax, ...

LAGOS State government said on Thursday that it has commenced assessment of public infrastructures such as schools, hospitals, public buildings and MDAs across the state towards the formulation of a strategic and economic reinvestment plan. Infrastructure Assets Management Agency (LASIAMA) said this in a release made available by its Public Affairs Department, saying the assessment would determine the current condition ...

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari, on Wednesday approved about N182 billion for the construction and rehabilitation of various roads across the country. The Minister of State for Works and Housing, Alhaji Abubakar Aliyu, said this while briefing State House Correspondents on the outcome of the maiden FEC meeting held at the Presidential Council Chamber, ...

FLOODING – Imo Government says it is tackling flood in the state by desilting the existing drains and channeling water to appropriate rivers. Ben Ekwueme, the Commissioner for Works, made this known during an interaction with newsmen at his office in Owerri on Wednesday. Ekwueme said: “The state is working hard to achieve zero tolerance for flood. This is the ...