Tag Archives: NREH

The Built Industry, under the aegis of Real Estate Developers Association of Nigeria (REDAN), has called on the three tiers of government to provide counterpart funding to help reposition the industry. Public Relations Officer, REDAN, Mr Chima Chukwubuchi, made this call in an interview in his office in Port Harcourt. Tide reports that Chukwubuchi expressed  worry over the challenges developers ...

Enugu state government has set a target of one trillion naira to be realised from the sale of landed property at the newly carved out New Independence layout within Enugu metropolis. The target, which is coming on the heels of the recently concluded Oganiru Enugu Investment Summit, also came with a cheery news of government’s plan to build about 2, ...

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 ...

The two engineers, who constructed the collapsed seven-storey guest house of the Synagogue Church of All Nations (SCOAN), were on Tuesday remanded at Kirikiri Maximum Prisons, Lagos. An Ikeja High Court which gave the ruling, said the men should be kept behind bars pending the determination of the charges against them. The News Agency of Nigeria (NAN) reports that the ...

The Nigerian real estate market has been hampered by the general lull in the nation’s economy with most operators now struggling to remain in business. Mr. Omo Aisagbonhi, Chairman and Chief Executive Officer of OMAIS Investment Group, developers and owners of Trinity Mall, Disclosed this at a media parley in Lagos penultimate weekend ago. He said the harsh economic situation ...

The Senate President, Senator Bukola Saraki has called on estate surveyors and valuers to evolve strategies that would check corruption in the real estate sector, reiterating National Assembly’s resolve to stimulate urban development in the country through oversight function and effective legislation Saraki made the call while declaring open the 46th Annual Conference of NIESV with the theme; ‘City Growth: ...

A witness, Michael Wetkas, on Monday, told the Code of Conduct Tribunal (CCT) that Senate President Bukola Saraki used different bank drafts to buy properties in Ikoyi, Lagos. Mr. Saraki is facing a 13-count charge bordering on allegations of false asset declaration and money laundering. He had earlier pleaded not guilty to the charges. At the resumed hearing of the ...

The executive Director of NatanelFlorens, Yinka Daramola, in an interview with Punchng correspondent says the government and the private sector could explore the rent-to-own initiative as an answer to the housing challenge in the country. What is your assessment of the real estate sector? The real estate sector in Nigeria is clearly underdeveloped. There’s still a lot to be done in ...

Babatunde Fashola, Minister of Power, Works and Housing, on Saturday disclosed that the federal government has concluded on how it plans to build more houses for Nigerians in its mass housing programme and would soon launch the implementation strategies. Fashola spoke at the 46th annual conference of the Nigerian Institute of Estate Surveyors (NIESV) in Abuja. He also called for ...

Dubai is set to build a tower higher than the existing record-breaking skyscraper, the Burj Khalifa, which is presently the world’s tallest building. Construction for the new tower which is to be known as The Tower at Dubai Creek, will start at the end of June this year and is hoped to be finished before Dubai hosts the World Expo ...