Tag Archives: construction

According to the Commissioner for Reconstruction, Rehabilitation and Resettlement; Dr. Babagana Umara Zulum, about N30 billion is needed to complete the ongoing rebuilding of residential houses and public structures destroyed by insurgents in Bama Local Government Area of Borno State. Vanguard reports that, the Commissioner revealed this in an interview in Bama Monday, soon after inspecting ongoing reconstruction work with Governor ...

According to Philly.com, one in four retail real estate deals in Philadelphia area is a restaurant, and this is driven by demand, a younger clientele, and a challenged retail landscape. Philly.com reports that, one in four retail real estate transactions these days is for a spot to eat and drink. From trendy, chef-driven venues in Center City to outposts of ...

Governor Akinwunmi Ambode , the governor of Lagos State  made it known yesterday that through the construction of 114 roads which his administration, in collaboration with local councils across the state, embarked upon early this year, over 55,000 direct and indirect jobs were created. Ambode who was represented by the Commissioner for Agriculture, Mr. Toyin Suarau at the official commissioning ...

The Gombe Water Project is currently being stalled by lack of funds. This is based on a statement by the Manager of Gombe State Water Board, Isa Muhammad, who revealed in a report by The Guardian that prolonged maintenance at the treatment plant has put the state capital in an acute water scarcity.  Muhammed said the Board would soon establish a ...

The Guardian reports that the Minister of Finance, Kemi Adeosun, has announced plans by the Buhari administration to launch a new housing finance initiative. The Federal Government is planning a mortgage system that will catalyse the development of the mortgage market in Nigeria with the provision of single digit interest rate mortgages and longer repayment periods such as 20 years. ...

Nigeria’s construction industry has been near standstill for the past few months due to the triple combination of the inability of the Federal Government to roll out its economic policies, huge debt owed contractors and the advent of the rainy season. The industry which contributes about 70 percent of the country’s gross domestic product, GDP, is having serious multiplier effects on ...

Defects liability period is a common feature of construction contracts. The defects liability period is the period of time within which the contractor is contractually obliged to return to the construction site to repair defects which have appeared in the contractor’s works. In addition, a certificate of practical completion is usually issued by the architect upon completion of the building ...

Nigeria is at the forefront of West African countries in major infrastructure construction projects in 2014, according to data from a recently released Deloitte African Construction Trends report. The report states that Nigeria spent $36.4 billion in major infrastructure construction projects for the year under review. Investment has been on the rise following the rebasing of the country’s gross domestic ...

The Head of the Department of Building, University of Lagos, Prof. Godwin Idoro, has described as multi-dimensional the problems plaguing the housing sector in the country. Idoro, who spoke at the 10th Annual Project Management Lecture organised by the department, said the problem of housing and infrastructure in country affected the low-income earners most. He said, “The situation in Nigeria ...

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. ...