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Real Estate

Jimi Agbaje promises to cancel Lekki toll gate if elected

The governorship aspirant of the Peoples Democratic Party, PDP, in Lagos State, Jimi Agbaje, has vowed to cancel the controversial Lekki-Epe toll gate, if elected into office come February 14. According to him, this is because the toll gate is untenable as it is standing on an existing road. Agbaje disclosed that the Lekki Phase 1 inner bridge would remain ...

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Fashola promises to help victim of Balogun Market fire

The Lagos State Governor, Babatunde Fashola, on Tuesday condoled with the victims of the fire outbreak at the Balogun Market on the Lagos Island, promising to rebuild the structures. Fashola, who spoke during a visit to the market, said he was happy that no life was lost in the incident. Before his arrival, governorship candidates of the All Progressives Congress, ...

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Investors and developers predict vibrant post-election real estate sector

For a number of reasons which include the persisting housing deficit estimated at 17 million units, rising urbanisation and evolving scenarios that are likely to stimulate supply, investors and developers are optimistic that the real estate sector in Nigeria will become vibrant again after the general elections slated for next month. Presently, the sector, on account of political activities and ...

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Nigerians spend over N310bn on Dubai vacation

Three-hundred-thousand Nigerians spent about N310 billion on vacation in Dubai, the United Arab Emirates (UAE), in December, 2014, more than the annual budgets of a majority of the states in Nigeria. BusinessWorld Intelligence reveals that they spent about N60 billion on flights, N9 billion on visas, N120 billion on accommodations and N110 billion on shopping. A source in The First ...

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Ondo to begin repair of 100 roads

The Ondo State Governor, Dr. Olusegun Mimiko, will today (Monday) signal the commencement of general rehabilitation of roads across the state. The Commissioner for Information, Mr. Kayode Akinmade, said in a statement on Sunday that 100 roads would be rehabilitated in the first phase of the project, which will be carried out in the three Senatorial districts of the state. ...

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BCPG explains the concept of ‘Storey Building’

The Building Collapse Prevention Guild has said it is important to understand the meaning and concept of storey building that has long been confusing to construction practitioners. The body said in a statement signed by its President, Mr. Kunle Awobodu, that understanding the use of the word ‘storey’ in building construction would help to distinguish different heights of buildings for ...

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Aregbesola blamed for poor roads in Osun

Aregbesola Commissions State-Of-The-Art Anthony Udofia School

The Chairman of the Peoples Democratic Party in Ife-North Local Government Area of Osun State, Mr. Lekan Obisakin, has berated the state government headed by Rauf Aregbesola over alleged neglect of community roads in the state. Addressing members of the PDP, who contributed a sum of N20m to grade a 49 kilometre road linking many towns in the council at ...

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Politicians sell property to raise funds for elections

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...

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Fashola cuts rates on land transactions to woo investors

Federal Government to spend N270 billion for repair of 50 bridges

In a move aimed at wooing investors towards further strengthening the economy of Lagos at a time falling oil prices are pushing some states towards insolvency, Governor Babatunde Fashola has signed an executive order slashing rates applicable to land transactions in the state. The governor’s action is a response to public outcry against difficulties associated with land transactions in Lagos, ...

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Lagos give housing and construction projects boost

Convinced of the strategic importance and potentials of building and construction sector as the third largest in terms of gross domestic product (GDP), ranking in Lagos, the state government has come up with new initiative that is geared towards boosting activities within the sector in the state. Essentially, two major areas are currently receiving attention, namely; housing and construction sector. ...

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