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Contractors lament lack of funds for road projects

road projects

The Minister of State for Works, Power and Housing, Mustapha Shehuri, has said the Federal Government does not have the financial capability to fund all road projects. Shehuri stated this while inspecting the Auchi-Okenne section of the Benin-Abuja Highway, where the contractor handling the road projects attributed the slow work on the road to insufficient fund. The Project Manager of ...

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Ex-NDDC director loses property worth N1.8bn to EFCC

NDDC

A Federal High Court in Lagos orders the final forfeiture of properties linked to a former NDDC executive director The properties are forfeited to the Economic and Financial Crimes Commission (EFCC) – The report lists the affected properties and their locations This is not the best time for Tuoyo Omatsuli, a former executive director of the Niger Delta Development Commission ...

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Basic Tips: How To Paint Your Room Like a Pro

Basic Tips: How To Paint Your Room Like a Pro

Deciding to paint your room can become daunting and expensive task if you don’t follow the right steps, or choose to contract it out.  I believe you should be able to do it easily with the tips I will be sharing here. Painting your room doesn’t seem like a big deal; after all, it’s something you can do yourself. In ...

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Questions Every Agent Must Ask Their New Clients

Questions Every Agent Must Ask Their New Clients

Accepting clients prematurely as an agent can be a real estate nightmare. Working with indecisive, or demanding clients is always not worth the struggle. As an agent who desires to become the best in the game, you must be able to recognize and exploit the power inherent in asking your potential clients the right questions. Let’s assume for instance that ...

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Demolition: Ikorodu Landlords seek Compensation from FG

landlords

Landlords in Igbogbo-Baiyeku in Ikorodu, whose houses were demolished for road construction, have appealed to the Lagos State Government to hasten compensation. They said their houses were demolished in December 2017 to pave way for the rehabilitation and expansion of roads in the Ikorodu West and Igbogbo/Baiyeku Local Development Council Areas. They told newsmen in Ikorodu on Saturday that payment ...

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Over 50,000 Nigerians are now engaged in 127 construction sites– Fashola

Nigerians

The Minister of Works, Power and Housing, Babatunde Raji Fashola, has disclosed that over 50,000 Nigerians are now engaged in 77 works and 50 housing construction sites across the country, while only 277 foreigners are working in the sites. According to Fashola, the figures are contained in the “Inception Report” the Ministry of Works, Power and Housing recently commissioned to ...

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NIESV tasks newly inducted associates on best practices

NIESV

The Nigerian Institution of Estate Surveyors and Valuers, (NIESV) has urged new associates inducted into practice, to internalize reputable standards and integrity in all transactions with clients. President of NIESV, Mr. Rowland Agbonta gave the charge at the 2018 induction of 260 associates who were welcomed into the profession in Lagos. He said the induction is not about individual personality ...

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Housing corporations can help reduce accommodation problems — Experts

Experts

Experts in the built environment have said that if encouraged to grow, housing corporations could help to reduce the country’s homeownership problems. They said that the housing corporations should be considered as critical part of the solutions especially for intervention in a formal rental housing tenure. The Managing Director, Family Homes Fund, Mr. Femi Adewole, stated that it had become ...

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Experts predict further dip in real estate market in 2019

Experts predict further dip in real estate market in 2019

A combination of heightened uncertainty and eroding affordability is expected to cut into demand and contribute to a weaker real estate market in 2019, and 2018 harsh economic realities made the sector to underperform in terms of yield and returns, according to industry experts. While the economy remains weak, demographic fundamentals remain strong, lack of clear policy in 2018 impacted ...

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FG plans to explore public-private partnership in road construction

FG

The Federal Government (FG) has said it is considering Public-Private Partnership (PPP) option in the funding of roads construction across the country. The minister of State for Power, Works, and Housing, Mustapha Shehuri, disclosed this on Thursday during the inspection of the dualization of Benin-Auchi-Okene end of the Lokoja-Abuja road. “Government is looking for other sources of funding for road ...

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