Tag Archives: Festac town

The Lagos State Government through the State Traffic Management Authority (LASTMA) on Wednesday announced an immediate closure of a section of the recently burnt FESTAC Link Bridge. The closure, according to government, was as a result of expert advice by the State Ministry of Works and Infrastructure that the integrity of a section of the bridge was in doubt, and ...

The Guardian reports that fifty-six countries and nine states have indicated interest to participate in the one weeklong commemoration of FESTAC “77@40 beginning on Nov.6 in Lagos. Dr Ferdinand Anikwe, the Director-General, Centre for Black Arts and African Civilisation (CBAAC), told newsmen in Lagos that the seven-day programme would end on Nov.11. The News Agency of Nigeria (NAN) reports that ...

According to Naij, Governor Akinwunmi Ambode of Lagos has urged his predecessor and current works, power and housing minister, Babatunde Fashola, to ensure that the federal government returned all disputed properties in the state. The properties and buildings include the whole of Ikoyi, Banana Island, Osborne Foreshore, Festac Town, Satellite Town, Trade Fair, among others. Ambode spoke when he received ...

Do we still trust our neighbours, talkless loving them the way we love ourselves? Can we even wine and dine with the present neighbours we have? Are our neighbours people we will naturally love to have as neighbours or are we left to just cope with the choices made by our landlords? This article addresses the concept of neighbourliness in ...

Do you know that the housing demand estimate in Lagos state is roughly 4.4 million units, the estimated current supply of housing in the state is 1,417,588 units, and the estimated gap between housing demand and supply for Lagos state is roughly 3 million units. With an annual population growth rate estimated at 6-8%, Lagos is considered the fastest growing ...

Former President, Nigerian Institution of Estate Surveyors and Valuers (NIESV)  Bode Adediji has said replicating FESTAC town is no longer feasible. He said what the government needed to do is to have the right policy and enabling environment for the private sector to thrive in the real estate sector by liberalising land and property ownership through the reduction of bureaucracy ...