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Real Estate

Reposition FMBN, FHA for efficiency, Reps tell FG

FMBN

Although the Federal Government has been mouthing interests in its efforts to increase housing delivery in the country, actions linked to the central government has not shown any seriousness in the side of government. An estate developer, Mr. Chidi Ifeneme, who has practiced real estate in the US for 15 years said that no budgetary allocation to the sector would make ...

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Ikpeazu commissions erosion remediation projects

The Abia State Governor, Dr. Okezie Ikpeazu, has commissioned a gully erosion reclamation work and the 2.5km asphalted road and culvert at Umuogele Umuakwu Nsulu in Isialangwa North Local Government Area (LGA) of the state. Gov. Ikpeazu who arrived the community with his entourage after navigating through narrow graded roads leading to the community, directed the state Ministry of Works ...

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Residents use canoes as flood takes over Lagos community

residents

Residents of Isheri North Government Reserved Area, also known as the Isheri North Residential Scheme, Lagos State, are currently lamenting the flooding of the area, located along the Lagos-Ibadan Expressway. The residents appealed to the state government to come to their aid, stating that since the flooding started in late August, many residents had been forced to leave their homes, ...

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Total to build plastics recycling plant in Nigeria

Total group

Total Group has said it will build a plastics recycling plant in Nigeria to convert waste to useful products as part of its Corporate Social Responsibility agenda. The oil major said it would set up a sustainable pilot plant to recycle 800 tons of polyethylene and polypropylene yearly from dumpsite in the country as a CSR project. The Executive General ...

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Stakeholders mount fresh pressure over housing sector bills

stakeholders

Again, stakeholders comprising real estate developers, builders, engineers, estate surveyors, and town planners are mounting pressure on the National Assembly to expedite action on the outstanding housing bills before it. The housing bills are yet to be passed by the National Assembly since 20O4. They include the passage of Foreclosure Bill into law to legally resolve default issues in the ...

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LASEMA warns against obstructing waterways

LASEMA

Dr. Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), has warned residents to stop building structures on waterways. Oke-Osanyintolu in Lagos on Friday that indiscriminate building on waterways was largely responsible for flooding in the state. “Residents should stop building structures to prevent the free flow of water. “The government will re-enforce laws against illegal structure but with ...

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Edo Govt To Demolish Illegal Structures

illegal structures

The Edo State Government is set to commence the demolition of illegal structures erected on government property, including public schools and waterways in Benin City and other major settlements in the state. The Commissioner of Physical Planning and Urban Development, Dr. Erimona Edorodion, announced this in a statement on Thursday. The exercise will also affect roof eave-extensions and structures erected ...

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Real estate firm launches investment plan for kids

real estate

Bersama Cooperative, a real estate investment-based society has launched their investment plan for children. Bersama kid/teens is a real estate plan which focuses on a structured savings for parents and guardians of children within the age range of 0-18 years. The initiative is specifically geared towards investing in properties on behalf of the children/wards before their 18th birthday. The ownership ...

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Buhari approves N10bn for upgrade of Enugu airport

Buhari

President Muhammadu Buhari says he has approved a sum of N10 billion as intervention fund for the rehabilitation of Akanu Ibiam International Airport, Enugu state. He made the announcement via his Twitter account, on Thursday. Buhari said he is optimistic that the work will be done and completed on time. He said his administration will continue to prioritise infrastructural development ...

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Road closure at Yaba level crossing postponed — LASTMA

road closure

The Lagos State Traffic Management Authority has said that the planned road closure at Yaba level crossing had been postponed. The LASTMA’s spokesman, Mr. Olumide Filade made this known in a Public Notice in Lagos on Wednesday night. The authority in a travel advisory had earlier on Wednesday announced the road closure at the railway level crossing in Yaba following ...

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