Real Estate

For years, successive governments had paid lip service to developing the Lagos University (LASU), Ojo to facilitate the institution’s expansion. Unfortunately most of the land that could have been used for this purpose had been encroached on illegally which had hindered its development. The institution is currently in talk with the illegal occupants with the aim of getting them to ...

Lagos – If the latest rapprochement between Nigerian developers, Homework Development and Property Limited and some foreign investors is anything to go by, the nation’s construction industry will soon receive a significant boost. The lift int he nation’s construction industry, INDEPENDENT learnt, may either be in enhanced direct foreign investment or through third party. This came to the fore recently ...

Fuel marketers and other private business owners under the aegis of Committee of Directors, Ibru Port Complex, at the weekend, flagged off the palliative repairs from Sunrise to Coconut section of the Apapa-Oshodi Expressway, after waiting endlessly for the intervention of the federal government and the Lagos State government. These stakeholders have also raised the alarm that the Apapa bridges ...

A pressure group, Centre for Anti-Corruption and Open Leadership (CACOL), has blamed the poor state of governance at all levels in the country for the worsening living condition of Nigerians and deplorable state of infrastructures. Executive Chairman of CACOL, Debo Adeniran, stated this in a parley with newsmen in Lagos, accusing the government of adopting anti-people foreign policies which had ...

The Anambra State Elders Council has asked the Federal Government to urgently refund the over N43billion debt confirmed as due to Anambra State for its expenditure on federal roads and bridges. The Council made the demand in a 9-point communiqué issued at the end of its meeting at the Governor’s Lodge, Amawbia and presented by the Chairman of the State ...

The Niger Delta Power Holding Company (NDPHC) has flagged off construction of a 330 kilovolt (KV) transmission substation worth N5.49 billion in Lafia, the Nasarawa state capital. The Managing Director of NDPHC, Chiedu Ugbo at the site yesterday said the project which will be completed this year will add about 300 megawatts (MW) of electricity capacity to the state. He ...

Uyo residents, Akwa Ibom State capital have praised the efforts of Governor Udom Emmanuel in undertaking to build new roads within the metropolis to address flooding and ease the movement of people and goods. The people expressed their appreciation shortly after the commissioner for works in the state, Mr Ephraim Inyang-Eyen led his team of engineers and journalists to inspect ...

From ₦1 million five years ago, price of a plot of land in Ibeju-Lekki, Lagos has soared to ₦6 million, representing 500 per cent increase, correspondent has learnt. It was also gathered that the land’s price per plot might soar to ₦8 million before the end of the year due to increased demand by investors and home seekers, who are ...

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme, ...

Lagos –  Mr Kenneth Nduka, the President of Nigerian Institute of Building (NIOB), on Monday identified costly building materials as a factor constraining housing development in the country. Nduka made the observation while speaking with the News Agency of Nigeria (NAN) in Lagos. “There is the need for the Federal Government to encourage production of building materials by placing restrictions ...