Enugu state is located in southeastern Nigeria. Enugu town, the state capital, lies at the foot of the Udi hills, surrounded by attractive stretched hills and lies at an altitude of 240 metres above sea level. Conformably, was coined out of the 2 words ‘Enu’ (top) and ‘Ugwu’ (hill) resulting to ‘top of the hill’. Enugu was founded in 1909, ...
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SOCIAL HOUSING: A Way Out of Homelessness in Nigeria
Many times thoughts of people who don’t have a place to truly call home, without fear of eviction or a level of uncertainty as to what will happen the next moment flood my busy mind. In this article I will be discussing how social housing can reduce homelessness in Nigeria In as much as our slogan in Realty Point Limited ...
Read More »A Brief Review of the Real Estate Industry in Nigeria
The real estate industry in Nigeria has come of age albeit it still struggles for a strong foothold. This article talks on how the real estate industry in Nigeria is being overlooked despite its immense potentials. Real Estate connotes an entity consisting of land and buildings on it in which resides some value of economic worth. In other words, it ...
Read More »FG approves N7.9bn for reimbursement to Kwara govt
According to Pulse, the Federal Executive Council presided over by Acting President Yemi Osinbajo on Wednesday approved N7.94billion for the reimbursement of Kwara Government to undertake the construction of the Kaiama-kishi road. The Minister of Works, Power and Housing, Mr Babatunde Fashola disclosed this while briefing State House correspondents alongside the Minister of Transportation, Rotimi Amaechi and Minister of Finance, ...
Read More »Fashola chides estate valuers over property pricing
“Is the valuation of land and properties across the country reflective of economic realities? This was the poser for estate surveyors and valuers at the inauguration of the reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola.”- The Nation “For me, I think the most important ...
Read More »Students construct diamond luxury hostel in OAU
Some students of Obafemi Awolowo University (OAU) through the Campus Alive Initiative Limited have designed and constructed a hostel facility, diamond luxury hostel, in the institution. This is the first hostel designed by students and for students. “According to the Managing Director of Campus Alive Initiative, Oyinwola Don Bababtope students over the years encounter some accommodation challenges while on campus. ...
Read More »Lagos warns residents to stay off collapsed building site
PM NEWS reports that the Lagos State Government has warned the residents to keep off all collapsed building site land until necessary scientific tests are carried out and investigations concluded to determine reasons for the building collapse. Speaking during a meeting with the five newly-posted Divisional Heads and Monitoring officers at the Lagos State Building Control Agency, the General Manager, ...
Read More »‘Policy clarity is critical to effective tax administration’- Professor Sanni
“Real estate tax figures are not in tune with reality. The government would spend less time chasing people and make more money if the tax rates are reasonable and realistic. All these charges make it expensive to transact in real estate. Prices of real estate properties are high because of all the high tax charges” – Mr Chudi Ubosi, Principal ...
Read More »Introducing Property Taxes In Nigeria
Property tax (real estate tax) is charged on immovable property—land and structures that are permanently attached to the ground such as a house, building, or land. This article introduces you to the various types of Property taxes in Nigeria. Real estate tax is the same as property tax, though the latter is commonly used. Albeit the purpose of this article is not ...
Read More »Hard times for Lagos slum dwellers caught in race for land
“Sheltering under planks on his boat moored at a waterside slum in Lagos, fisherman Thomson Pascal is trying to protect his six children from the rain flooding into what is now their new home. He is one of 30,000 residents who have been living in boats, shacks or in the open since bulldozers escorted by policemen destroyed their slum dwellings ...
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