Real Estate

The federal government will leverage on the massive infrastructure of the Nigerian Postal Service (NIPOST) spread across the country to diversify revenue streams of the Service to generating revenue into government coffers. The Minister of Communications, Adebayo Shittu made this known at a one-day stakeholders’ conference organised by NIPOST held in Lagos on Friday. The Minister said the NIPOST will ...

Enugu State Governor Ifeanyi Ugwuanyi has begun comprehensive repairs of emerging potholes on urban and intercity roads in the state. The areas undergoing maintenance in Enugu metropolis, at the moment, include Ogui Junction, Otigba Junction, Savage Crescent, G.R.A and Damija, Trans Ekulu, among other locations. The project is in keeping with its administration mandate to provide and maintain existing infrastructure. ...

A 63-year-old landlord, Adekunle Santos, has been arraigned before an Igbosere Magistrates’ Court for allegedly removing the entrance door of his tenant’s shop and taking away property valued at N994,850. Reports show that Santos on May 23 around 3.30pm allegedly broke into his tenant’s shop, Esther Demola, and removed her door, thereby exposing her goods to thugs, who allegedly carted ...

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) resulted in the execution of vital infrastructure across the country valued at over $5 billion in the last three years. President Muhammadu Buhari said on Tuesday in Beijing at the FOCAC Round Table meeting, attended by African leaders and Chinese President Xi Jinping. Highlighting specific projects under FOCAC, the ...

The Federal Government will no longer meet its December 2018 date for the completion of the Lagos-Ibadan expressway project. This was disclosed by the Federal Controller of Works in Lagos, Adedamola Kuti. The Federal Government had earlier promised to deliver the project by the end of 2018. The Minister of Information, Alhaji Lai Mohammed, was one of the government officials ...

Vice President Yemi Osinbajo has promised that the Federal Government will reconstruct the Iwo-Ibadan road from Osogbo, Osun State capital. Osinbajo said this in Iwo during the launching of a federal government empowerment programme for 30,000 petty traders in the state tagged “trader-mini” through the Bank of Industry. The Vice President, Yemi Osinbajo said the empowerment programme in which each ...

The construction and real estate sectors have picked up massively from the economic meltdown that hit the country in 2016 to become key contributors to the country’s economic recovery, an analysis of data has shown. The National Bureau of Statistics (NBS) recently released Gross Domestic Product (GDP) figures for the second quarter of 2018 indicating that for the first time ...

The Pro-Chancellor of the University of Lagos (UNILAG) Dr. Wale Babalakin (SAN) has said foreign firms lack the “emotional capital” required to develop Nigeria’s infrastructure. Dr. Babalakin said this at the 60th Anniversary/8th Fellowship Conferment Lecture and Ceremony of the Nigerian Society of Engineers (NSE) in Abuja. Delivering a lecture titled “Constraints of Implementing Infrastructure Projects through Public Private Partnership ...

The Presidency says Nigeria will sign more agreements with China in the next couple of days as the 7th Forum on China-Africa Cooperation (FOCAC) is underway in Beijing. The Special Adviser to President Muhammadu Buhari, Mr. Garba Shehu, said this on Monday during an interview with Channels Television’s Politics Today, in reaction to the pledge of the Chinese government to ...

To provide sustainable housing policy, experts are moved by the increasing rate of urban population in Africa which would be more than 80 per cent by the year 2050 and the pressure to accommodate them. The have called for urgent steps to eradicate constraints fueling a mismatch between demand and supply of homes. According to them, there was the need ...