Real Estate News

The long wait has finally come to an end as President Muhammadu Buhari today assigned his newly-appointed ministers offices. The ministers took turns in groups of four to take their oath at the presidential villa. The immediate past Governor of Lagos state, Babatunde Fashola, has been assigned the Minister of Power, Works and Housing while the immediate past Governor of ...

Experts in urban management have called for the need for all African countries to empower the local government, if their aspirations for sustainable urban development, would be realized in no distant time. They spoke in Lagos last week during the launch of the Africities 2015 to be held this month in Johannesburg, South Africa. A Non-Government Organisation, the United Cities ...

The Federal Government has pledged to grow the housing sector and harness its potential for sustainable national development. The president said his administration remains committed to sustaining key lands, housing and urban development policies, such as the Housing Policy, National Urban Development Policy, National Integrated Infrastructure Master Plan, Vision 20:2020, National Building Code, and the ongoing Medium Term Successor Plan ...

Experts in the construction industry are calling for special financing products to professionals as part of its efforts to facilitate the process of economic development. They recommended that World Bank through the Central Bank of Nigeria (CBN) and other banks should design and strengthen financial products that will foster collaboration between professionals and can lead to the formation of consortiums, adding that ...

Lagos State Governor, Akinwunmi Ambode, yesterday embarked on an inspection tour of Apapa, Ladipo road networks. View pictures below: Lagos State Governor, Mr. Akinwunmi Ambode (middle) with Commissioner for Information & Strategy, Mr. Steve Ayorinde (left); Sector Commander, Federal Road Safety Corps, Lagos, Mr. Hyginus Omeje; Commissioner for Works & Infrastructure, Engr. Ganiyu Johnson; Secretary to the State Government, Mr. ...

Property worth multi-million naira was destroyed as fire razed down Sarafoam Factory at Kirikiri area of Apapa, Lagos, Southwest Nigeria. The fire started around 1.30pm Tuesday while as at 5.00pm, it has not been put off as fire servicemen and officials of the Lagos State Emergency Management Agency, LASEMA battled to put out the fire. Fire service official, LASEMA, the police ...

Disturbed by the incidences of collapsed buildings in Lagos metropolis with the seeming hopelessness of stemming the tide, builders took a critical look at the past efforts by the officials in addressing the menace. However, stakeholders in the built environment, who commented on the matter, were of the view that government, as a matter of urgency, should be more proactive ...

Managing Director, Oladele Construction Company Limited Isiaka Oladele said lack of funding and enabling environment are the major factors hindering the delivery of affordable housing in Nigeria. Oladele who stated this in an interview with Daily Trust blamed the government for not creating the necessary environment for building and construction industry to strive like in other developed countries in the ...

As part of efforts to enhance learning, performance and living standard in Nigerian universities, the Federal Mortgage Bank of Nigeria, (FMBN) has disclosed that it would soon conclude all necessary arrangements to launch a housing scheme for university lecturers in the country by January 2016. The Managing Director of the Bank, Mr. Gimba Ya’u Kumo, in an interview with Daily ...

Zerbeced Group with 30 hectares of land along Abuja industrial park is set to develop 3,000 low and middle income housing units. The planned development by the Nigeria-based Turkish experts in the construction industry is in line with the United Nations report and collaboration with the Nigerian government to provide housing for all as proposed in vision 2020. To help ...