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NIOB seeks clarification from FG on Building code

building code

Lagos – Unclear with the current policy over domestication of the National Building Code, the Nigerian Institute of Building (NIOB) has called for clarification from the National Assembly. The body said further explanation from the legislators would aid the smooth implementation of the Building  Code both at the state and local government levels. Kenneth Nduka, president of the institute, made ...

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CBN expresses concern over Land Use Act

Land Use Act

Even as the Central Bank of Nigeria (CBN) has taken some steps towards boosting housing provision, Nigerians are gaining momentum. The 1978 Land Use Act, however, remains a major impediment towards achieving the target. In mid-2017, the CBN launched its Nigerian Housing Finance Programme (NHFP), popularly known as “My Own Home. The scheme, a Public-Private Partnership (PPP) arrangement, is targeted ...

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Bayelsa Students laud Governor Dickson for huge investment in infrastructure

investment

Students from Bayelsa Government owned Model Schools in the State have rated high the Governor Seriake Dickson administration over the huge investment in the education sector and public infrastructures in the state, declaring that the development has changed the narrative in the state. The students, numbering over 1,200 during a guided tour of the multi-billion naira International Cargo/passengers Airport Amassoma ...

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FMBN commences zero equity for housing loan subscribers

FMBN

The Federal Mortgage Bank of Nigeria (FMBN), has started the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF). This includes zero equity contribution for the provision of housing loans of up to N5million and 10 per cent contribution for housing loans ranging from N5million to N15million by contributors to the NHF. The revised ...

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FCTA set to remove buildings along waterways in Kubwa, Dawaki

waterways

ABUJA – In order to prevent imminent danger of flooding in the Federal Capital Territory, the FCT Administration through the Development Control Department has embarked on the comprehensive removal of buildings along waterways in Kubwa and Dawaki settlements. The exercise, according to the Director, Development Control Department, Muktar Galadima, was against the backdrop of a heightened downpour, causing a flash ...

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LASG denies approving construction of ICT Mall in Ikeja

ICT

ICT Mall – Lagos State Government on Tuesday denied association with an infrastructural firm, Master Realty International Concept Ltd, supposedly answered to be parading itself as having endorsement to build an ICT specialized shopping center straightforwardly next to the recently assembled Ikeja Bus Terminal. The State’s Commissioner for Physical Planning and Urban Development, Tpl Wasiu Anifowoshe in an announcement said ...

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Africa50 mobilises $108b to bridge infrastructural gap

Africa50

Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, an effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years operations. The infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilising private sector funding, ...

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Niger pledges to build 20 hostel rooms for 60year old school

hostel

Worried by the state of infrastructure, especially accommodation at the Nigerian Military School (NMS), Zaria, in Kaduna State, the Niger State Government has offered to build 20 rooms hostel accommodation for the 60 years old school. Governor Abubakar Sani Bello made the pledge at the school’s 60th graduation ceremony held, on Saturday, in Zaria. Governor Bello, who is an Old ...

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Building collapse: FCTA to commence massive integrity tests

FCTA

The Federal Capital Territory Administration (FCTA), through the development control department, said that it would soon embark on massive integrity tests on buildings in parts of the Federal Capital Territory (FCT) to ascertain their integrity status. Speaking during the demolition of a three-storey building, under construction at 3rd Avenue in Gwarinpa district, at the weekend, the director, department of development ...

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Citizens react to FIRS’s property valuation for company tax

FIRS

More reactions have continued to trail the decision by the Federal Inland Revenue Service (FIRS) to commence the use of the value of the property housing the offices of companies to generate figures that will be charged as Company Income Tax (CIT). Sometime in 2016, in its drive to increase tax revenue generation, the FIRS started applying the value of ...

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