Tag Archives: economic recession

Until recently the real estate sector was entirely a male-dominated sector. Though Nigerian women are gradually giving the men a run for their money, there is still so much to be done if women are to outsmart and outnumber the men. This article tells us why women are still not investing in real estate and why more Nigerian women should ...

This article gives us seven reasons why we should live some blocks away from our workplace. In view of this era of economic recession, it is expedient we find ways by which we can reduce the resultant effect of the economic downturn on our lives. One major reason that should override every other reason the average Nigerian should live close to ...

Nigerians must use the hard lessons of the recent economic recession to build a sustainable economy based on diversification away from oil and the oil curse. This is according to The Minister of Industry, Trade and Investment, Okechukwu Enelamah, who gave this advice on Monday at a business dinner in honour of the U.S. Deputy Secretary of State, John Sullivan. ...

“IN spite of the cheering news that the country is getting out of  economic recession, the bleak outlook of the housing sector of the nation’s economy will remain a major cause for concern for real estate developers and the survival of their businesses in the country.”- Vanguard This is because developers have been churning out housing units in different parts ...

“Despite the current economic recession in the country, Nigeria remains the best place for real estate investment in Africa, Managing Director/Chief Executive Officer of Sujimoto, Sijibomi Ogundele has said. He urged global inventors to consider putting their money in Nigerian real estate sector, saying they would not regret it. Ogundele stated this, in his address, at  the IDE 10th Hotelier ...

According to Daily Post, the Real Estate Developers Association of Nigeria, REDAN, has threatened to take surveyors to court if the proposed increment in the cost of preparing survey plans for lands across the country is implemented. This was disclosed in a letter to Surveyors by Counsel to REDAN, Ebun-Olu Adegboruwa. Adegboruwa warned that such plan if implemented will result ...

Real estate development is regarded as an economic driver in any economy. In this piece, Debo Adejana – one of the foremost real estate experts in Nigeria explains how real estate development can improve the economy of any country Anywhere in the world, the business of real estate development is taken seriously; it’s painstaking, tasking, albeit it is lucrative and ...

The Guardian reports that the Nigerian economy continues to suffer one of its worst recessions in recent history. Transaction in the Lagos real estate sector have remained slow since last year culminating in a fall in Lagos house prices. According to the Nigeria Bureau of Statistics (NBS), the Gross Domestic Product (GDP) recorded negative growth in the first two quarters of ...

There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...

Eko Atlantic City has been described as the most ambitious project in Africa and Africa’s answer to Dubai. It has been predicted that Eko Atlantic will be one of the most dynamic and modern cities in Africa and probably the world. Lagos State Governor, Mr. Akinwunmi Ambode, last weekend embarked on an extensive tour of Eko Atlantic City, expressing confidence ...