Tag Archives: GDP

“Nigeria Government moves to permit states government to take over federal roads in the country and rebuild them in partnership with the private sector, if necessary. At the Niger Investment Summit, Nigeria’s Acting President Yemi Osinbajo disclosed that, President Buhari has given approval that any state that seeks to construct a vital federal road can do so even it is ...

“The volume of financial packages in the forms of loans and mortgage finances, which Nigerian banks traditionally provide to the country’s housing industry remain very low and yet to pick up from the country’s decent into an economic recession, the Nigerian Institute of Architects (NIA) has indicated.”- This Day According to NIA, though the federal government had insisted that Nigeria ...

The Nation reports that the Federal Government is planning to open up a minimum of 100,000 hectares of irrigable land through the 12 River Basin Development Authorities by 2020 to achieve food security. The plan is contained in Nigeria Economic Recovery and Growth Plan 2017-2020 (ERGP), a copy of which was obtained from the Federal Ministry of Budget and National ...

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

“With Nigerian mortgage industry entering a new era in which efficiency, speed and the customer experience will be more crucial than ever, housing professionals have urged the new helmsman of the Federal Mortgage Bank of Nigeria, (FMBN) Ahmed Dangiwa to focus on cheap and long term funds, with low digit interest rates and longer debentures.”- The Guardian They believe that housing ...

There are many countries in the world that attract visitors to their domain daily; these countries are many foreigners’ delight. In this article, we take a look at the top 10 most visited countries in the world. What makes certain countries so attractive to visit for non-citizens of the countries? Economics, proximity to other affluent countries, and natural and man-made ...

This Day reports that the real estate sector is expected to record significant turnaround in 2018, the Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has predicted. Vacancy factor for the sector was estimated to remain high through 2017, just as replacement cost for the sector is currently far in excess of market values Rewane ...

Abuja Housing Show, promoter of housing programmes in the Federal Capital Territory (FCT) on Friday urged President Muhammadu Buhari to prioritize provision of housing. Chief Executive Officer of FESADEB Communication Limited, Festus Adebayo, organizer of Abuja Housing Show told Daily Trust that housing should be given major attention because housing development stimulates economic growth and job creation in the economy. ...

The PwC Nigeria’s Economist and co-author, Mr. Andrew S. Nevin explained that Nigeria needs to manage the oil price decline effectively at all levels of government by creating a sustainable platform for diversification into the sectors that we know will drive the economy in future, including Real Estate. He made the statement while reflecting on a report made by PwC ...

After Nigeria’s Gross Domestic Product (GDP) was recently rebased by measuring GDP estimates with a current base year price structure, Nigeria took over from South Africa as the largest economy in the African continent. This can be attributed to significant contribution by various sectors such as the real estate industry, which is estimated to be 8.01 percent and pegged at ...