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Tag Archives: NREH

Fire Razes Baboko Market In llorin

Fire razes Baboko market in llorin

A midnight inferno on Sunday consumed goods worth millions of naira at Baboko market in Ilorin, the Kwara State capital. The News Agency of Nigeria reports that 20 shops were completely razed by the inferno which lasted several hours. Some shop owners reportedly left huge sums of money in their shops before the incident occurred. Sources said that the inferno ...

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Gombe Promises N18m Compensation On Demolished Property

Gombe Promises N18m Compensation On Demolished Property

Gombe State government has planned to spend over N18 million as compensation to those who lost their houses for road construction in Kumbiya-Kumbiya Ward of Gombe Local Council of the state. The chairman of the committee on payment of compensation, Shehu Abubakar Durbi, who disclosed this while speaking with journalists in Gombe Tuesday, said the aim was to ensure that ...

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Nigerian Govt to Develop National Transportation Master Plan – Amaechi

Amaechi pledges to complete ongoing rail projects, seeks cooperation

The Nigerian government on Wednesday said it was in the process of developing a national transportation master plan that would help in diversifying the nation’s economy. The Minister of Transport, Rotimi Amaechi, disclosed this while briefing journalists after concluding the inspection of ongoing projects and facilities at the Murtala Muhammed Airport, Lagos. Mr. Amaechi was accompanied on the visit by ...

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FG Urged To Subsidise Housing Sector

Solving The Problem Of Affordable Housing In Nigeria

For the country to be able to bridge its current housing deficit estimated at about 17 million housing units, the federal government has been urged to subsidise Housing sector by putting in place policies that would ensure this. The managing director, Infinity Trust Mortgage Bank Plc, Mr. Banjo Obaleye, stated this during the bank’s 2015 End of Year /Long Service ...

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FG Plans Calabar – Lagos – Kano Railway Network

FG Plans Calabar – Lagos – Kano Railway Line

According to Transport Minister, Rotimi Amaechi, Nigeria is to open a new railway network from Obudu in Cross Rivers State, running through the coastal states of Akwa Ibom, Rivers, Bay­elsa, Delta, Anambra, Edo and terminating at the Lagos port. The Obudu to Lagos coastal railway network is to be inaugurated as a fresh project with new train ter­minal stations to ...

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400 Residential Apartments To Be Sold To Retiring Police Officers

400 Residential Apartments To Be Sold To Retiring Police Officers

The Inspector General of Police, IGP Solomon Arase has revealed that 400 residential apartments would be completed by January 2016 and sold to retiring police officers. This was as he explained that the Nigeria Police Cooperative and Multi-purpose Society had developed and acquired some housing projects within the country which were being sold to police personnel at affordable prices. Arase, ...

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Effective Land Administration is Crucial to Housing Delivery

"Banks are not lending to real estate developers or granting mortgage"

Nigeria will have a good system of housing delivery if the various agencies of government that deal in land documentation streamline their activities. This was one of the outcomes of brainstorming by professionals at the 10th anniversary and the inauguration ceremony of the Nuel Mark Development, a real estate firm, which held in Port Harcourt, River state, recently. Discussing ‘Integrated ...

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Government Decides To Postpone Passage Of Real Estate Bill To Next Year

India: Daughters Cannot Inherit Ancestral Property if Father Died Before 2005

New Delhi- The real estate Bill, which had cleared all hurdles including parliamentary committee scrutiny and Cabinet approval, won’t be passed in the ongoing winter session of Parliament, delaying one of the government’s key reform initiatives. Facing formidable opposition in the Rajya Sabha and persistent disruptions, the government has decided against moving the amended Real Estate (Development and Regulation) Bill ...

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