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Stakeholders bemoan Nigeria’s increasing housing shortage

housing shortage

Despite efforts to combat the country’s housing deficit, some stakeholders have said there is an increase in housing shortage, especially for people at the bottom of the pyramid. They noted that there was an acute problem of housing availability, accessibility, and affordability without corresponding actions to match the demand and called for urgent collaboration among stakeholders. The President and Chairman ...

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Communities hail NDDC for road projects in A’Ibom


Impressed by the newly constructed roads in different parts of Akwa Ibom state by the Niger Delta Development Commission (NDDC), residents of many communities and motorists in the state have expressed joy and satisfaction over the development. Speaking to newsmen in Uyo, a community leader in Ekamba Nsukara, Dr. Felicia Beulah, said that the NDDC came as a saviour to ...

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OAU moves to generate 24-hour electricity


Management of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, has said it will no longer depend on the national grid but would commence the generation of its own 24-hour electricity by the end of October. The Vice-Chancellor, Prof. Eyitope Ogunbodede, disclosed this during the commissioning of the renovated theatre block and donation of two surgical machines – Anaethesic and Sunction ...

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Nigerian govt takes over alleged Diezani property


A Lagos Division of the Federal High Court Tuesday approved the forfeiture to the Nigerian government of a plot of land in Port Harcourt, Rivers State. The land allegedly belongs to the former petroleum minister, Diezani Alison-Madueke. Chuka Obiozor, the judge, gave the decision following an application by the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the ...

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Shasha land acquisition: We followed due process – Lagos


The Lagos State Government on Tuesday said that due process was followed in the acquisition of 4.882 hectares of land in dispute, located at Bameke, Shasha, in the Alimosho Local Government Area of the state. The News Agency of Nigeria reports that the land is the subject of a suit filed by some members of the Akinlowo Olaife family of ...

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CTC: Power consumers to pay for leaving DisCos’ networks


The Competition Transition Charge (CTC) is a new rule to make prospective Eligible Customers (EC) and other consumer class, compensate the 11 electricity Distribution Companies (DisCos) for leaving their networks to buy power directly from Generation Companies (GenCos). Newsmen analysed this rule as contained in Section 28 of the Electric Power Sector Reform Act (EPSRA) 2005 and enforceable by the ...

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Edo Government Plans 369-Unit Estate in Ekpoma


Plans to increase the housing stock have received a boost in Edo State as the government moves to develop a 369-unit estate in Ekpoma, Esan West Local Government Area. The Executive Chairman, Edo Development and Property Agency (EDPA), Isoken Omo, who disclosed this in Benin City, the state capital, said the agency is spearheading the development of the project. Omo ...

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10 pipeline explosion victims die in hospital due to severe burns

fire explosion

The Lagos State Government said on Monday that 10 victims of the July 4 Ijegun pipeline explosion have died due to severe and high degree burns suffered from the inferno. The Permanent Secretary, state Ministry of Health, Dr. Titilayo Goncalves, made this known on Monday in Lagos. Goncalves said that three of the victims died at the Lagos State University ...

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Estate developer boosts sector with N3.8b The Pacific tower in Lagos

housing shortage

The latest data from Nigeria’s National Bureau of Statistics showed that the real estate service sector swung back to positive growth and expected to perform better this year. Senior officials of Global Property Partners (GPP) are also upbeat about Nigerian commercial property sector, despite some analysts’ expectation that the market will remain sluggish. They believe that the current economic climate ...

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FG to inaugurate 650 housing units in Asaba


The Federal Government’s special housing intervention programme, Family Homes Funds, is set to inaugurate an affordable housing project in Asaba, Delta State. The estate, developed by the FHF in partnership with Delta State Government, is made up of 650 housing units for low-income earners and will be inaugurated by the Vice- President, Prof Yemi Osinbajo, alongside the Managing Director of ...

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