Real Estate

The Nigerian Institute of Architects (NIA) has disclosed that it is working on a Nigerian Affordable Housing project for the common man. Speaking in an interview with LEADERSHIP recently, the president of NIA, Arch Adibe Njoku, who said the project will be piloted by universities, disclosed that the building project will be launched next year. According to him, the project ...

Stakeholders said Lagos state government has no justification for the increment of land use charge (LUCL) as the economy is biting hard on the masses Fitzgerald Umah, the chairman, Nigerian Institute of Architects urged the government to repeal the Land use charge law (LUCL) to help Lagosians in view of the hardship they were facing Umah said increasing the tax ...

Finally, the House of Representatives has adopted the report of its Committee on Works which seeks to establish Federal Road Authority (FRA) and the winding-down of Federal Roads Maintenance Agency (FERMA). The report was considered and adopted at the Committee of the House chaired by Deputy Speaker Lasun Yussuff, during Tuesday plenary. The report is to be transmitted to the ...

Motorists plying  Numan-Gombe Federal road have expressed concern over the slow pace of the on-going reconstruction of the road particularly from Numan-Lafiya Lamurde in Adamawa state to Cham town in Gombe state. One of the motorists, Amos Aboki, a commercial bus driver, lamented that the construction firm handling the road, “lacks the capacity, manpower and construction machines to reconstruct the ...

The Speaker of the House of Representatives, Honourable Yakubu Dogara on Tuesday stated that the Bill to amend the Federal Government Housing Loan Board to administer housing loan scheme to public sector workers would bring succour to public servants by bridging the housing deficit and increasing productivity in the public sector. Dogara stated this in Abuja while declaring open a ...

A prosecution witness, Tosin Owobo, an investigator with the Economic and Financial Crimes Commission, EFCC, on Tuesday told Justice M.B. Idris of the Federal High Court, Ikoyi, Lagos that N2.4 billion, $115 million, 12 properties and bullet-proof cars were recovered from a former Chief of Air Staff, Air Marshal Adeola Amosu (rtd.). Mr Amosu is standing trial alongside two serving ...

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa, has warned the Mortgage Bankers’ Association of Nigeria (MBAN) to stop delaying the disbursement of funds to developers. Dangiwa, who gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of ...

A Real Estate Developer, Architect Bello Moruf, has advocated the use of local materials in the built environment in order to reduce the high cost of building houses in the country. With just two bags of cement you can assemble a building. Moruf made a case for the adoption of brick building, which he said, is very cheap and less ...

Deputy Senate President, Ike Ekweremadu, has asked his teeming supporters not to panic over the property forfeiture suit filed against him by the All Progressives Congress-led government, the Special Presidential Investigation Panel for Recovery of Public Property, describing it as a kangaroo panel. Ekweremadu said the anti-graft panel is being used by the current administration to harass and intimidate the ...

Real Estate Developers Association of Nigeria (REDAN) has identified undefined and uncharted leap of faith operating environment as the cause of casualties in the estate business. The President, Rev. Ugochukwu Chime made this disclosure during his acceptance speech and investiture as the president of the 5th REDAN National Executive Council 2018-2020 in Abuja. Starting that the many casualties is impossible ...