Real Estate

Substandard imported building materials remain one of the ingredients that lead to failed structures. We take a critical look at the ban on the importation of substandard building materials and why the action taken by the Federal Government will do us a lot more good than harm. Some Nigerian tenants and property owners have in recent times experienced collapse of ...

Kwara State Governor, Alhaji Abdulfattah Ahmed, has made it known that his government is set to renovate 420 classrooms across the 16 local government areas of the state. New Telegraph reports that Ahmed disclosed this while addressing members of the All Progressives Congress (APC) at the monthly stakeholders’ meeting of the party held at the Banquet Hall, Government House, Ilorin. Although, ...

Governor Ibikunle Amosun of Ogun State, on Monday, restated his commitment to resuscitate the Gateway Hotel in Ota, Ogun. Vanguard reports that Amosun disclosed this during the Opening Ceremony of the First Shoprite Plaza situated at the Toll-Gate in Ota. According to Amosun, the resuscitation of the Gateway Hotel would complement the new Shoprite Plaza in bringing development to Sango-Ota, ...

The Minister of State for Aviation, Sen Hadi Sirika, has revealed that the Nnamdi Azikiwe International Airport (NAIA), Abuja, will be closed for six weeks in February and March 2017 for total repairs on the runway. Vanguard reports that Sirika told newsmen in Abuja on Monday that the closure was to allow Julius Berger carry out total re-construction on the ...

Vanguard reports that due to difficulties faced in the acquisition of pre-paid meters, Ikeja Electric wants the credited advance payment for metering implementation, CAPMI, scheme to be brought back to discourage estimated bills. According to Vanguard, the Chief Executive Officer, Ikeja Electric, Anthony Youdeowei, speaking when the House of Representatives Committee on Power visited the company’s Head Office at Ikeja, implored the ...

Federal Government has assured that Ajaokuta Steel Company would operate at full capacity in the second quarter of 2017. Vanguard reports that the Minister of Mines and Steel Development, Dr. Kayode Fayemi, who disclosed this when giving a scorecard of his Ministry’s performance in 2016 and projections for 2017 in Abuja, also disclosed that the government had made progress over ...

New Telegraph reports that Justice Chukwuemeka Chikeka of an Owerri High Court has granted an order of interim injunction, restraining Governor Rochas Okorocha, the Attorney General of the State and the Commissioner for Works and Housing from unlawfully demolishing the Bar centre of the Nigerian Bar Association (NBA) situated within the state judiciary complex in Owerri. The judge in a ...

The Guardian reports that the Federal Government through the office of the Head of Service (HOS) has entered into an agreement with a housing developer, Brains and Hammers to build at least 3,000 housing units in 72 hectares of land located in Bwari, Abuja. The housing units which are to be completed within 6 months is to enable the civil ...

The Guardian reports that a frontline Real Estate Operator and Managing Director and Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi has identified some structural problems affecting the government’s mass housing project and proposed measures to revamp them. In an interactive session with the media on how Propertygate has fared despite the recession, Ajayi explained that lack ...

Nigeria is pursuing international partnership with Morocco to create collaborative platform for increased deployment of solar energy technologies to enhance security and sustainable development, The Guardian reports. According to The Guardian, the Minister of Environment, Amina Mohammed who disclosed this, while giving account of one-year stewardship, said investments in the power sector is to encourage the implementation of renewable energy ...