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Tag Archives: Housing

LBIC reorganizes operations, begins estates’ renewal scheme

FHA to partner with UN-HABITAT, others on national housing

The Guardian reports that Frontline Primary Mortgage Bank (PMB), Lagos Building Investment Company Plc (LBIC), has kick-started the renewal of all estates under its purview to enhance their economic value and make them safer for residents. According to The Guardian, the company also repositioned itself as the premier mortgage institution creating opportunity for ownership of good quality, contemporary and well-maintained ...

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Group alerts over violation of Lagos tenancy law

population and habitation in Lagos

Vanguard reports that a civil society organisation, the Save Lagos Group has raised an alarm over widespread abuse of the Lagos State Tenancy Law by house owners in the state, with a call on the state government to live up to its obligations of enforcing the law. Vanguard reports that according to the Save Lagos Group, there is the need ...

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Housing deficit: Real Estate Firm launches ‘The Palms & Residences’

population and habitation in Lagos

Owing to the situation of housing deficit in Nigeria, a Lagos-based real estate development company, Sage Homes, has launched a housing project known as The Palms Resort & Residences, a luxurious, resort-cum- residential upmarket development located in the Lekki Free Trade Zone area of Lagos State. Vanguard reports that the development, modeled on the iconic Palms Jumeirah in Dubai, covers five hectares ...

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N1trillion to be raised for housing – Osinbajo

Government on course on water supply, sanitation - Osinbajo

The Vice President of Nigeria, Prof. Yemi Osinbajo said on Tuesday, that Nigeria is working with stakeholders to raise one trillion Naira to provide affordable housing for Nigerians. According to Vanguard, the vice president said this at the 22nd Nigerian Economic Summit (NES) in Abuja, when he chaired a Roundtable on Job Creation, Skills and Employment at the summit. Vanguard reports that he said ...

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1,000 Buildings Marked for Demolition by Enugu Govt.

marked house

The Enugu State Capital Territory Development Authority, ECTDA said that 1,000 buildings within Enugu metropolis built on waterways, drainage channels, and on top of public utilities will be demolished in order to prevent the impending flood in the state. According to Vanguard, ECTDA said the primitive parcellation of land by the immediate past administration at Enugu State Housing Authority which gave ...

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Fashola Canvasses Government & Private Sector Partnership On Housing Deficit

Pension Fund Cannot Be Used Like Oil Money - Fashola

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has called for government, private sector partnership to address the nation’s housing deficit. The minister made the call at the 10th Abuja Housing Show (AHS) and Construction Industry Exhibition in Abuja on on Monday. The News Agency of Nigeria (NAN) reports that the three-day show has its theme as “Expanding ...

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Construction Companies To Re-Engage 17,500 Workers – Fashola

budget on road projects

The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola has said the Construction Companies are to re-engage 17,500 workers laid off the sector in the last three years over huge debts owed to them Fashola made this known on a television programme, Good Morning Nigeria, a Nigerian Television Authority programme in Abuja yesterday According to the Minister, “41 ...

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Dangote Urges FG to Invest In Infrastructure & Housing

Dangote Group 10-year tax incentive

Alhaji Aliko Dangote, Chairman of Dangote Cement Plc, yesterday charged the Federal Government and other African countries to invest in infrastructure and housing to support the rapidly developing continent, just its company is expanding across the continent. He stated this at the company’s Annual General Meeting (AGM) where it declared N8 per share dividend for the financial year ended December ...

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Housing Will Help Jump Start The Economy – Afolayan

MFF Urges FG To Embrace Affordable Housing As National Priority

Chief Olabode Afolayan is the Chairman of Housing Developers Cooperative Society (HDCS) and past President, Real Estate Developers Association of Nigeria (REDAN). In this interview he notes that the Housing sector has been identified as a sector that can create a lot of employment for the people and will help jump start the economy. Read excerpts below: Now that we ...

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Commercial Property Vs Residential Property

Residential property

Before we weigh the pros and cons between a residential property and a commercial property, let’s define the two real estate terminologies. A residential property is any property that derives all or nearly all of its income from dwelling units. Single-family homes, multi-families, apartment buildings, condos, co-ops are all residential. For commercial property, we’ll use a typical layman’s definition: property ...

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