Real Estate

Amid growing public concern over housing prices introduced by the Federal Government under the National Housing Programme (NHP), private developers have picked holes in the scheme. They argued that the programme is not affordable, justifiable as it is beyond the low-income earners and may breed corruption among civil servants. They said the government should concentrate on making policy than engaging ...

Finding a real estate property in Nigeria is a herculean task. This is even more relatable for people in major cities across the country, where the demand far outweighs the supply. First, you have to find the time out of a cramped schedule to go inspecting. Then there are the issues of non-responsive agents whose listings are not available on ...

Nigerian multinational telecommunications company, Globacom Limited, commonly known as Glo, will reconstruct the 64 kilometres (km) Ota-Idiroko road in 2022. The Minister of Works and Housing, Mr. Babatunde Fashola, confirmed this development in a statement issued on Wednesday. He explained that the road would be rehabilitated by the company under the federal government’s tax credit scheme, adding that the contract, ...

Kazeem Abolore S, a renowned chief tenant in Lagos was chased out of his apartment for living in the house for 8years. According to the story he posted on Facebook, his landlord’s grand-daughter just woke up one day, came with police men to arrest he and his wife. Read his story below. This day last month, two remarkable things happened ...

The first Housing estate in Nigeria was the Bodija Housing Estate, Ibadan. The Ibadan Housing Estate was birthed in 1959 when the regional government decided to increase the number of modern houses available in the city. The Estate was built on a 400-acre of land in the area known as Bodija. At the time, the location of what is now ...

Heinrich Boll Stiftung, (HBS) Nigeria and Arctic Infrastructure are proposing the Mixed-Income Housing Model as a strategy to address the housing deficit in Lagos and to ensure availability of adequate and affordable housing to low and middle-income earners in the State. The organizations, through a draft bill, titled ‘A Bill for Mixed-Income Housing development in Lagos State’, want to contribute ...

The Minister of Works & Housing, Mr. Babatunde Fashola, has put a lie to the stereotype that the country has 17 million or 22 million housing deficit. According to Fashola, who debunked the claim Friday at Lafarge Africa Plc quarterly webinar-Concrete Ideas-, there is no proven record or data to support that claim. Speaking on its theme, New Solutions for ...

The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Minister of Works and Housing, Babatunde Fashola, disclosed this while briefing State House correspondents after the Federal Executive Council meeting presided over ...

President Muhammadu Buhari has approved the allocation of 22 three-bedroom houses to Chioma Ajunwa the Super Eagles squad that won the Africa Cup of Nations in Tunis, Tunisia, in 1994, in fulfilment of an earlier promise by the Federal Government. This was sequel to a memo by Minister of Works and Housing, Babatunde Raji Fashola, leading to the President approving ...

One of Nigeria’s first four Architecture graduates, Fola Alade, is dead. Mr. Alade died on Saturday at the age of 87, family sources in Aramoko-Ekiti said. Architectural masterpieces bearing his insignia are the 1004 Housing Estate, Victoria Island, Lagos, defunct Federal Secretariat building, Ikoyi, Lagos, and the National Stadium, Surulere, Lagos. Others are the Remembrance Arcade, Tafawa Balewa Square, Lagos, ...