Home » Tag Archives: investment (page 4)

Tag Archives: investment

Pencom declares FG has invested 2.89% pension in real estate

pencom

About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

Read More »

 Infrastructure development will attract large investments – CIBN

investment

The Lagos State Branch Chairman of the Chartered Institute of Bankers Nigeria (CIBN)/Managing Director, Brent Mortgage Bank, Kola Abdul, has said that improved rail system and energy sector which includes power transmission, gas and petrol, have huge potentials to attract and retain large investments. While speaking at the yearly general meeting of the Lagos Chapter of CIBN, in Lagos, Abdul ...

Read More »

NIESV urges Federal government to invest in real estate

NIESV

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on government at all levels to invest more in the provision of real estate and infrastructure to boost the nation’s economy. The National President of the Institution, Dr Bolarinde Patunola-Ajayi, said this on Tuesday at a news conference to showcase activities for the 48th annual conference and Annual General ...

Read More »

FG invests N16.6 billion Sukuk bond on roads in South East

South East Sukuk Bond

The Federal Government is investing N16.6 billion of the N100 billion Sukuk Bond for rehabilitation of some roads in the South East geopolitical zone. The News Agency of Nigeria (NAN) reports that the Federal Government had in October, 2017 released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects across the country. The Director of ...

Read More »

Developer pledges to complete New Ogba shopping complex in 18months

shopping complex

Following the flag-off of the new Ogba Multipurpose Shopping Complex, initiated by the present Chairman of Ojodu Local Council Development Authority, Olumuyiwa Julius Oloro,  a property developer, Kehinde Fajana, and  CEO of Eliezer Investments Limited, it was promised that the complex will be delivered on time. Financed by Jubilee Life Mortgage Bank, Fajana said Eliezer Company intends to project the ...

Read More »

Federal Government invests N6 billion in infrastructure

Federal Government invests N6 billion in infrastructure

The Federal Government has invested over N6 billion to develop infrastructure at the Maritime University, Okerenkoko, Delta State. In 2017, President Muhammadu Buhari approved an increase in the take-off grant allocated to the university from the N2 billion earlier announced to N5 billion. This sum was included in the 2018 budget presented to the National Assembly in November 2017. Similarly, ...

Read More »

Real estate experts urge FG to establish housing microfinance

Real estate experts urge FG to establish housing microfinance

Perturbed by the high level of homelessness among Nigerians, the Federal Government has been urged by real estate experts to establish a housing microfinance fund or shelter fund to provide affordable houses for those in need of accommodation. Establishment of housing microfinance fund, according to Social Housing Activist and International Housing Finance Specialist, Mr. Adekunle Faleti, will enable low-income earners ...

Read More »

Industry experts bemoan Nigeria’s low investment in infrastructure

Industry experts bemoan Nigeria’s low investment in infrastructure

Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...

Read More »