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Nigeria real estate opportunities still untapped — ARCON president

real estate

The President, Architects Registration Council of Nigeria, Sir Oladipupo Ajayi, says Nigeria’s real estate industry offers great opportunities yet to be explored. Ajayi said bridging the housing gap in many of the country’s urban centres could create jobs for professionals in the built environment. The ARCON president, who spoke with journalists ahead of his 66th birthday, described Nigeria as a ...

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How coronavirus will affect Nigeria’s real estate, house prices

Coronavirus

As the coronavirus continues to spread, there is fear and trepidation in the air among real estate community, especially as travel and other economic activity have slowed or stopped. Their apprehension also arose that several sectors have taken a heavy beating, except real estate. And with social distancing, house showings may slow down while pullback by buyers will take momentum ...

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FMBN backs 208 housing units in Delta

FMBN

The Federal Mortgage Bank of Nigeria (FMBN) has promised to complete the College of Education Warri Senior Staff Multi-Purpose Cooperative Society Housing Estate, Ekpan, Delta State in a record time. FMBN Managing Director, Ahmed Musa Dangiwa, stated this at the weekend while laying the foundation stone at Adijedo Ekpan. Represented by FMBN Zonal Port Harcourt Manager, Mr. Victor Okosun, Dangiwa ...

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WASH urges Taraba to expand water facilities

Taraba

The Taraba Urban Water, Sanitation and Hygiene, Media Network on Wednesday urged the state government to expand the pipelines in Gembu town to accommodate the growing population due to the planned commencement of the Mambilla power project. Chairman of the WASH media network, Alhaji Sadiq Adamu made the call at the quarterly review meeting of the network in Jalingo. Adamu ...

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FG to spend N150bn on 44 highway projects – Minister

highway projects

The federal government will spend the N150 billion Sukuk bonds being issued by the Debt Management Office (DMO) in financing 44 ongoing highway projects across the country. Minister of State for Works and Housing Engr Abubakar D. Aliyu disclosed this on Thursday at the summit on National Policy and Development in Abuja. He said due to paucity of funds, the ...

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Plan for affordable housing in the FCT

affordable housing

The discussion for affordable housing will continue to occupy the centre stage so long as available houses continue to remain unaffordable, while housing demand and deficit are constantly rising. The projection of IPA could not have been more accurate when it foretold the ultimate population of Abuja City to be 3.1 million, and the entire territory with the regional areas ...

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FG completes 2,500 housing units in 34 states

housing units

The Federal Government has completed 2,500 housing units in 34 states, the Minister of Works and Housing, Babatunde Fashola, has said. Fashola, who disclosed this at the National Policy on Development summit in Abuja, also stated that the government was currently working on 500 roads and bridges across the country. He further noted that as part of efforts to bridge ...

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Experts Task Govts On Lasting Solution To Real Estate Challenges

Coronavirus

LAGOS – Professionals in the real estate sector have urged both the federal and state governments to find lasting solutions to some of the challenges affecting the sector.  The practitioners who spoke at the just-concluded fourth edition of the Real Estate Outlook Conference themed ‘Repositioning Nigeria’s Real Estate Industry for a new decade’ outlined the challenges to include: inadequate appropriation of ...

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Landlord’s daughter arraigned for stabbing tenant

tenant

The police have arraigned a 30-year-old woman, Kudirat Balogun, before Tinubu Magistrates’ Court for allegedly stabbing a tenant living in her father’s property with a broken bottle. Balogun, who resides at Iduwo Eletu Street, Awoyaya, Ibeju Lekki, Lagos, has been charged with two counts of conspiracy and attempted murder. The prosecution counsel, ASP Ben Ekundayo, told the court that the ...

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