Real Estate

Forty-three families have been rendered homeless following an inferno at an estate populated by make-shift homes popularly called ‘Batcher’ along Ada-George/Wimpey-Iwofe link road in Obio-Akpor Local Government Area of Rivers State. It was reported that a church building located within the ‘Batcher’ estate with property worth millions of Naira were also caught in the fire. Eyewitnesses said the fire started ...

The Lagos State Special Taskforce on Land Grabbers says it has commenced investigation into an alleged attempt by some land grabbers to take over some communities in the Ayobo area of the state. A statement on Saturday signed by the coordinator of the task force, Mr. Owolabi Arole, states the attention of the state’s Attorney General and Commissioner for Justice ...

As part of its continued commitment towards the development of its host community, Ogombo Ajah, Lagos State, MainOne has demonstrated its commitment to improving the standard and access to education in the state by addressing infrastructure gaps in Akinlade Primary School, Okun Mopo.  It was observed that the refurbishment covered renovation of 10 classroom blocks, installation of iron windows and ...

Delta Governor, Senator (Dr.) Ifeanyi Okowa has called on the Federal Government to re-assess all roads constructed over 20 years ago with a view to reconstructing failed ones. He made the call on Sunday while inspecting ongoing work on failed portions of Warri-Benin highway being reconstructed by the state government. The governor said that many federal roads across the country ...

Lifepage Group says it plans to build one million houses for different classes of Nigerians between now and 2041. The Managing Director, Lifepage Group, Mr. Oladipupo Clement, said it was part of efforts to bridge the country’s housing deficit. At the inauguration of the group’s ‘Million Homes’ initiative, he said the project and real estate crowdfunding platform would allow subscribers ...

Bauchi State government has signed a Memorandum of understanding (MoU) with the Friends Home Fund to build 2500 Housing Units worth 15 Billion Naira in the state. The housing units are to be constructed by Federal Ministry of Finance. This was disclosed by the State Governor Bala Mohammed shortly after signing a Memorandum of Understanding with the Friends Home Fund, ...

The Nigerian Institute of Building (NIOB) has signed a memorandum of understanding (MOU) with the Australian Institute of Building (AIB). The MOU was signed during a construction event named ‘Constructing Our World’ that held in Sydney, Australia. The institutes said the memorandum is based on efforts to improve on the methodology and technology of building construction. “It is aimed at ...

The police on Monday arraigned a security guard, Aliyu Muazu, in an Upper Area Court in Mpape, Abuja for allegedly stealing bulldozer spare parts worth N116,000 from a construction site. The police charged Muazu, 28, who lives in Panteka area of Mpape, Abuja with theft. The Prosecution Counsel, M.M. Austin told the court that the defendant was employed by the ...

Worried by the increasing housing deficit in the country, stakeholders in the sector have called for the re-evaluation of the nation’s extant laws. According to them, Nigeria’s laws, as presently constituted, hinder the growth of the housing sector. They noted that the sector had the potential for job creation, socio-economic growth, enhanced Gross Domestic Products/internally generated revenue of states and ...

Experts from across the world will join their Nigerian counterparts to seek solutions to issues challenging the real estate industry in Nigeria, the International Real Estate Federation, FIABCI Nigeria has said. The President, FIABCI Nigeria Chapter, Mr. Adeniji Adele, said the organisation was a platform for learning, networking as well as harnessing immeasurable experiences and opportunities. He stated that the ...