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Tag Archives: Economy

Road projects across the country will boost the economy – FG

Road projects

The Minister of State for Power, Works and Housing, Alhaji Suleiman Hassan, has said that on-going road projects across the country by the Federal Government will boost agriculture and enhance the economy. Hassan said this in an interview with newsmen in Gombe yesterday. He said that the Federal Government was committed to improving roads, rail lines and waterways to enhance ...

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Osinbajo says that repositioning of Africa’s economy will attract investors

repositioning of Africa’s economy

“Vice President Yemi Osinbajo has called for a repositioning of Africa’s economy such that investors will be attracted because investment depends on the perceived advantages.”- Y Naija Osinbajo made this call while interacting with a committee of African Ambassadors to Indonesia led by the dean of the group, Ms Alice Mageza of Zimbabwe, on the sideline of his two-day working visit to Jakarta. The Ambassadors include ...

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‘Building and Construction sector can help stimulate the economy’

‘Building and Construction sector can help stimulate the economy’

“Building and Construction sector can help stimulate the economy and generate employment on a massive scale, the surveyors have said. “- Daily Trust The Quantity Surveyors Registration Board of Nigeria, QSRBN, stated this  at the 7th Building and Construction Economic Roundtable, BCERT7, held recently in Abuja. The round table was organized to generate ideas from stakeholders in the industry and ...

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Research shows Nigeria performing poorly in Africa investment

Research shows Nigeria performing poorly in Africa investment

“A new research released by Quantum Global Research Lab has shown that Nigeria requires extra effort to regain position as a leading investment destination in Africa. The research, which measured the Africa Investment Index (AII), to guide investors on the countries that are most attractive for investment in the short and medium term, rated Botswana, Morocco, Egypt, and South Africa ...

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Forward steps with affordable housing

Tackling housing challenge in Lagos

Here is what Proshare thinks about affordable housing and the slowly recovering economy Today we turn our attention to Nigeria’s housing market. The housing deficit is currently estimated at 17 million housing units, with Lagos and Abuja accounting for 15% and 10% respectively of the total deficit. In both states, several completed residential buildings remain vacant as affordable housing is ...

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Recession: Real estate stakeholders want sector reenergized

Recession: Real estate stakeholders want sector reenergized

Daily Trust reports that as the federal government  released the Economic Recovery and Growth Plan (ERGP) which unveils a road map for the country’s economic recovery growth and sustainable development, real estate experts have called on the government to look in the direction of the real estate sector to further improve the economy. The government said the core vision of ...

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Real Estate can pull Nigeria out of recession- Patunola- Ajayi

New land survey fees begin in Lagos, threaten homeownership

According to This Day, The president of Nigeria Institution of Estate Surveyors & Valuers (NIESV), Dr. Bolarinde Patunola- Ajayi has called on the Federal Government to diversify and embrace the real estate sector to combat recession. He said the nation has not succeeded in unlocking the wealth in the sector noting that it is the only robust solution to grow ...

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Delivering value in facility management in Nigeria

Samuel Ukpong on facility management

“1004 Estates Limited is a wholly indigenous real estate firm that was established by a group of investors to acquire 1004 Estates in Victoria Island, Lagos from the Federal government of Nigeria. The Managing Partner of the organisation, ESV Samuel Ukpong is a seasoned and unassuming professional who is focused on delivering value in the industry with emphasis on living, ...

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Utomi to offer insights on economy as Fine & Country gathers real estate investors

Fine and country gathers real estate leaders

Business Day reports that Developers, investors, high net-worth individuals, private wealth managers, asset management top executives and real estate investors’ trust who will be gathering at a breakfast session in Lagos next week have been promised of exciting and fulfilling moment as Pat Utomi, an economist and thought leader, will be offering insights on the economy and how it impacts ...

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Economic uncertainty filters into Lagos house prices

Lagos house prices and economic recession

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 ...

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