Real Estate News

Mr Festus Adebayo, the Managing Director, FESADED Communications Ltd, has advised the Federal Government to develop the required “political will’’ to address housing deficit in the country. Adebayo gave the advice in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said having the political will would enable the government to foster a vibrant private ...

Notwithstanding the uncertainties in the direction of the Nigerian economy, fresh investments are still taking place in the real estate sector through which investors have shown uncommon confidence in the country. The size of the Nigerian market is a frequently cited reason for the investor-interest and confidence, but in spite of the huge opportunity in the residential segment of the ...

In order to tackle Nigeria’s housing deficit which has been estimated at 17 million units, the Federal Government has inaugurated a 12-man ministerial committee to develop a blue print for affordable housing in the country. According to a statement signed by the Director, Public Affairs, Mr. Adedeji Ajibade, on behalf of Mr. George Ossi, the Permanent Secretary, Federal Ministry of ...

The Synagogue Church Of All Nations has protested the verdict of a Lagos coroner who called for its prosecution alongside the Building contractor over the death of 116 persons in a collapsed six-storey building on its premises. The Synagogue Church Of All Nations has described as unreasonable, the verdict of a Lagos coroner, Magistrate Oyetade Komolafe, who called for its ...

The National Pension Commission, PENCOM, has called on States and local government areas in the South-East region to expedite action towards full implementation of the Contributory Pension Scheme, CPS. The Director General of PENCOM, Mrs. Chinelo Anohu-Amazu, who gave the charge on Thursday in Enugu at a sensitization workshop held for the people of South-East, expressed concern over the low ...

There are issues going on around that you probably haven’t heard about just because you haven’t or didn’t have to pass that path in life. Our journey might be rough but not necessarily on same path. Now I am beginning to sound inspirational but that’s not the point. Today, I am considering why landlords have issues with spinsters and bachelors. ...

Kano State government has explained why the newly constructed mega cities are yet to be allotted to people almost two months after completion of the multi-billion naira housing estates. Currently the Kano multi-billion naira mega cities are nothing short of empty. The housing projects which were said to have been executed to decongest Kano cities and provide shelter for residents ...

Stakeholders have called for the implementation of appropriate policies and strategies to provide affordable housing to Nigerians. They spoke at the ninth edition of the Abuja Housing Show in Abuja. The event has kicked off with the theme, “Delivery of Affordable Housing: Financing, Building Technology and Land issues in Nigeria.” Stakeholders drummed support for affordable housing delivery to Nigerians. The ...

A Federal High court in Lagos has ordered that four companies associated with former Enugu State governor, Chimaroke Nnamani, be forfeited to the Federal Government. The four companies – Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited and Renaissance University Teaching Hospital – were convicted by a judge of the Lagos court, Mohammed Yinusa, on Tuesday after pleading ...

Weiler GMBH, a German construction outfit and BTG Group, one of Nigeria’s real estate development companies, have concluded arrangement to use precast concrete building technology to increase the nation’s huge housing shortage. Briefing the media at the innovative housing solution dialogue recently in Abuja, the management of BTG Group, led by Dr. Ijeoma Arodiogbu, said the outfit has concluded partnership ...