The Lagos State Government(LASG), on Tuesday, pledged its commitment to mass housing delivery, in spite of the setbacks caused by vandals to some of its ongoing housing projects. Mr. Wasiu Akewusola, Permanent Secretary, Lagos State Ministry of Housing, made the pledge during his inspection of ongoing projects in Ibeshe, Igbogbo, Agbowa, Odo Onosa and Ayandelu in Ikorodu area of the ...
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OPIC assures affordable housing delivery to Ogun residents
The Acting Managing Director, Ogun State Property and Investment Corporation (OPIC), Ibiyemi Adesoye, has assured the Corporation of its readiness to deliver more affordable housing units, to both individuals and corporate bodies, for the expansion and development of the state. Adesoye gave the assurance when she led the management team of the Corporation on a courtesy visit to the state ...
Read More »NIQS seeks role in government’s infrastructure tax credit scheme
Nigerian Institution of Quantity Surveyors (NIQS) last week backed the Federal government’s new Executive Order on Road Infrastructure Development and Refurbishment Investment tax Credit Scheme, as they seek the inclusion of professionals, especially its members in the proposed management committee. However, the innovative Order whilst very good in principle, they said, could fail due to many possible abuses and some ...
Read More »NIESV set to hold forum on improvement of housing delivery
Estate surveyors and valuers in the country plan to hold a forum on how the country can reduce its housing deficit through effective mass housing delivery. The forum, known as the 6th National Housing Summit, and scheduled to hold in Abuja on October 8 and 9, is being organised by the Faculty of Housing, Nigerian Institution of Estate Surveyors and ...
Read More »Sukuk, others are sources suitable for housing delivery – Report
A report on the real estate sector has highlighted asset-backed bonds and sukuk, among others, as suitable sources of funds for housing delivery in Nigeria. The report, which was launched by the University of Lagos Centre for Housing and Sustainable Development in partnership with the African Research Universities Alliance, stated that real estate investment trust and portfolios could also be ...
Read More »NIOB seeks clarification from FG on Building code
Lagos – Unclear with the current policy over domestication of the National Building Code, the Nigerian Institute of Building (NIOB) has called for clarification from the National Assembly. The body said further explanation from the legislators would aid the smooth implementation of the Building Code both at the state and local government levels. Kenneth Nduka, president of the institute, made ...
Read More »High mortgage interest rate delays housing delivery – Experts
The impact of high mortgage interest on the nation’s housing delivery has continued to be a source of worry for operators. This is because of the importance of housing finance in improving coverage rate, which has unfortunately remained at a dismal 25 per cent. Experts have insisted that housing finance is central to the nation’s economic development. Lack of proper ...
Read More »The Challenges of Public Housing Delivery in Nigeria
This article attempts to examine the problem and challenges of public housing delivery in Nigeria. It highlights the nature and dimension of Nigeria’s housing problems. Housing is one of the three basic needs of mankind and it is the most important for the physical survival of man after the provision of food. Adequate housing contributes to the attainment of physical ...
Read More »An Assessment of Housing Challenges in Nigeria
Various studies have identified a multiplicity of factors inhibiting effective housing development and delivery in Nigeria. This article assesses housing challenges in Nigeria Housing (Shelter) is unarguably one of the basic necessities of man. It used to be ranked second after food in the hierarchy of man’s needs but recently it has been described as the first and most important ...
Read More »The Implications of rising cost of building materials in Nigeria
In recent times there has been a dramatic increase in the costs of building materials in Nigeria, and this development threatens the performance of the construction industry. This article assesses the implications of the recent rising cost in building materials. Building materials have been playing an important role in the construction industry—they are those materials put together in erecting or ...
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