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Lagos speeds up work to meet projects completion

In a bid to complete ongoing projects under its purview on schedules, Office of Works, Lagos state Ministry of Works and Infrastructure has doubled activities to ensure completion of the projects. Currently, schools, hospitals, courts and other public utilities are being rehabilitated while new ones are being constructed where necessary across the state. Against this background, the Office of Works, ...

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Lafarge in pact with Shelter Afrique to deliver low-income housing

Lafarge Africa Plc and Shelter Afrique, a Pan-African housing and development institution, on Monday signed a Memorandum of Understanding to facilitate housing development on a large scale for low income earners in the country. The agreement, whose implementation will commence with the development of identified sites in Abuja, is for an initial period of four years. The terms of the ...

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Upgraded Lagos City Mall attracts high profile tenants

As the upgrading of The City Mall, Onikan, nears completion, high profile companies are already taking tenancy at the Mall. Among the newest tenants are Genesis Cinemas, a leading Nigerian cinema brand, and Playzone, a fast growing family entertainment brand in Nigeria. Both companies recently signed a contract with Ibukun Efuntayo & Company, the property manager of The City Mall, ...

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Workers protest against failed NLC Housing Scheme, demand refund.

Apparently disappointed over inability of the leadership of Nigeria Labour Congress (NLC) to deliver houses to them, the President, Comrade Abdul Waheed Omar, was ambushed by angry workers last week in Abuja. The incident occurred at the political debate organized by the congress ahead of the delegates meeting coming up today, where elections for new executive members would be discussed. ...

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Election postponement to have adverse effect on investors – LCCI

The Lagos Chamber of Commerce and Industry has expressed concern about the negative impact of the election postponement on businesses and investors’ confidence. The LCCI, in a statement on Sunday, said investors needed to have an idea of the direction of the country’s political and economic governance in order to manage policy and political risks of investments. The President, LCCI, ...

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Developers drop property prices by 20%

A stable supply of choice homes without the commensurate demand in Nigeria’s high end property market is compelling real estate developers in this segment to drop rates by up to 20 percent. Also, operators in this segment, known for demanding rent in foreign currencies (dollars) now accept naira from prospective customers, this is according to a BusinessDay report. The developers ...

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Dry construction is the solution to mass housing – Nigerite boss

‘With Nigeria’s capital expenditure profile put at 24 per cent of recurrent expenditure in 20 14, falling price of crude oil and a high cost of funds for execution of capital projects, the construction industry in Nigeria is obviously under pressure to evolve more time and cost efficient system of construction.” This was the submission of the Managing Director of ...

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Julius Berger in land tussle with entrepreneur

Infrastructure financing

On a sunny Thursday afternoon in November 2014, Nonso Ofole, a motor sports park entrepreneur, arrived at his project site in Abuja to a great shocker – a Julius Berger-owned earth-mover was clearing the site he said is duly his. Julius Berger, is a German-owned Nigerian-based construction firm. What followed after Mr. Ofole observed the construction company allegedly trespassing his ...

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KEEPING UP WITH A LASGIDI REAL ESTATE AGENT

KEEPING UP WITH A LASGIDI REAL ESTATE AGENT

Unemployment is an epidemic in Nigeria right? Or so I have heard. I live in Lagos and I have a job, so I shouldn’t complain. Wish that were so. Don’t get me wrong, I love my chosen field, at least unlike many of my peers am actually doing what I made up my mind to do, and then am working ...

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Ogun Homeowners’ Charter hijacked by fraudsters

Certificates of Occupancy

The efforts of the Ogun State Government to reduce the problems associated with land title documentation may have been hijacked by persons interested in defrauding the residents. Residents of some parts of Ogun State have raised the alarm that they are being visited by suspected imposters who pretend to be officials of the state government, and demand for money to ...

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