Land in Nigeria

In a move aimed at wooing investors towards further strengthening the economy of Lagos at a time falling oil prices are pushing some states towards insolvency, Governor Babatunde Fashola has signed an executive order slashing rates applicable to land transactions in the state. The governor’s action is a response to public outcry against difficulties associated with land transactions in Lagos, ...

Messrs Eagle Hills, the Abu Dhabi-based real estate investment and development company handling the development of Abuja Centenary City, has appointed construction giants, Julius Berger Nigeria PLC as a key collaborator and developer of the multi-billion dollar city. Centenary City is a joint venture between the Federal Government and Eagle Hills to create the city of the future in Abuja. ...

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have urged the private sector to complement the efforts of the federal government in providing housing to the teeming populace. The estate surveyors made the plea during a press conference to usher in the National Housing Summit being organized by NIESV’s Faculty of Housing in Lagos on the theme: ...

Amid growing interest of firms in the establishment of industries in the Ogun state, authorities have explained that the new drive for housing projects and infrastructure is the best option to provide conducive environment for prospective investors. It was reported recently that over 100 companies have shown readiness to locate their manufacturing outfits in the state, with 32 of this ...

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...

An indication that Nigerians are in dire need of affordable and live-able homes in any part of the country emerged last week as a total of 66,402 applicants are seeking slots in the 10,000 homes to be constructed by the Federal Government under the Mortgage Refinancing Scheme pilot project. The Federal Government launched the scheme early this year to create ...

Eager to reposition the housing industry and increase activities in the sector, the Ministry of Lands, Housing and Urban Development may soon begin the implementation of its report on Land Verification, the 10,000 houses project and housing Survey. The Minister in Charge of the ministry, Mrs. Eyakenyi Akon last week received interim report of the three ministerial committees that was ...

Convinced of the positive impacts the urban renewal scheme would have on the state and her residents on one hand, and the entire real estate industry, the Lagos State Government has expressed its determination to ensure its central Island and environs are fully regenerated. Senior officials of the government spoke at the commencement of a two high-rise residential projects within ...

Raise the topic of real estate at any gathering today and the question whether housing values are well founded routinely arises. Generally, most people feel very positive about the housing market outlook, as reflected in the results of a recently reported survey that gauges the mood of people from coast to coast. It found that respondents’ views as to the ...