Land in Nigeria

The Iconic leader and one-time President of South Africa the late Nelson Rohlilhahla Mandela once said “Why bother to visit Europe, you’ll find it all here.” This statement was in reference to Abuja the now famous federal capital territory of the most populous black nation in the world. The centrally located Nigeria city with a population of 979,876 was created ...

Since 1978, the major legislation regulating land acquisition within the country has been the Land Use Act of 1978 which states that all land in a State is to be held in trust by the State Governor for the benefit of all Nigerians. By law, foreigners may also acquire land wherever it is located in the country from either the ...

Ikoyi is the most affluent neighborhood of Lagos, Nigeria located on Lagos Island. It is an up-market residential island separated by a narrow waterway from Lagos Island to the west inhabited by expatriates, Nigerian military rulers or you can say it is popular with the upper class residents of Nigerian high society. It lies to the northeast of Obalende at ...

Since her grand introduction into the Lagos metropolis, Lekki has become a haven for the high and mighty. Lekki Peninsula is an area on the Lagos Island in Nigeria which contains expensive residential suburbs that throws poverty into the Atlantic Ocean. The Peninsula adjoins the commercial Victoria Island district and the residential Ikoyi area. It has got a reputation as an ...

One of Nigeria’s top real estate companies delivering affordable luxury homes, Haven Homes has completed and delivered a brand new set of home designs to its subscibers at Richmond Gate Estate situated in Lekki. Speaking on the concept behind the 2015 home designs, the company’s spokesperson Mr. Sonuga explained that the new designs were conceptualized with more sensuality and adaptation ...

To ensure a hitch-free implementation of Ikorodu master plan when it is eventually unveiled, the Lagos State Government last week held a stakeholders’ parley with the land/homeowners and residents living within one of the fastest growing suburb of the state. The rapport, it was learnt, was one of the strategies the state has chosen to wage war against illegal development ...

‘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 ...

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 ...

I call this approcah the Rent-to-Own or Lease option. The beauty about rent-to-own is that it takes care of the challenge of the tenant. The dilemma about tenancy is that you can be a tenant in a house for thirty years, paying your rent as at when due. If by the thirty-first year you lose your job and cannot pay, ...

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...