Tag Archives: Private sector

The African Development Bank (AfDB) says Africa needs about one hundred and seventy billion dollars annually to meet its infrastructure requirement. Prof. Vincent Nmehielle, Secretary General of the bank disclosed this at a media briefing to announce the bank’s annual meeting, on Thursday in Abidjan. “In 2016, the bank approved 7.8 billion dollars to finance investment in African continent and ...

Minister of State for Power, Works and Housing, Surveyor Suleiman Hassan Zarma has pointed out that affordable housing and conducive urban environment remained portent indicators of the well-being of Nigerians through effective policies and pragmatic development programmes. Zarma who stated this in Abuja at a workshop for Real Estate Developers organised by Real Estate Development Association of Nigeria (REDAN) added ...

The Federal Government has said it will continue to encourage the organized private sector and development partners in Nigeria and abroad to invest in the country’s national housing market in view of its viable and enormous potential. The Minister of State for Power, Works and Housing, Mr. Suleiman Zarma said this at the 2nd Real Estate Development Association of Nigeria ...

The Lagos State Commissioner for Housing, Mr Gbolahan Lawal says the state government will train 1,000 artisans in 2018 under its Master Craftsman Project to tackle skill gap in the construction industry. Lawal made the disclosure in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos. The commissioner said that the state government had a target ...

The Boko Haram insurgency has continued to take a toll on Borno State as seven major road constructions have had to be suspended. Due to the insurgency which at its peak had 22 of the 27 local governments of the state overran by the terrorist groups, several billions of naira were lost as a result of massive destruction of infrastructure ...

Guardian reports that to address the real estate market in a more focused way, experts have called for stratification of the sector to ensure social and affordable housing. Stakeholders of real estate spoke at the 2017 yearly Real Estate Unite summit in Lagos, according to them, there is still huge opportunities for the real estate industry if the right things are done. The summit has as its topic: “ Africa’s ...

Housing is a basic necessity of life without prejudice for economic condition. In spite of this, suffice to say that an urban housing crisis exists in Nigeria, not forgetting the fact that housing problem is universal. In this article we take a look at the urban housing crisis in Nigeria One of the basic needs of man is shelter and ...

“INVESTORS in Real Estate Investment Trust, REIT, have received a boost as Stanbic IBTC Holdings Plc has indicated its preparedness to support individuals and businesses interested in long-term investment in the real estate sector. The bank said that in doing so, the industry will play its catalytic role in driving growth and development of the economy.”- Vanguard The bank made ...

According to The Guardian, on-going public and private sector synergy leading to the development of Dangote Refinery Project and Lagos Free Trade Zone (FTZ) have been received by the real estate community last week with mixed feelings, with the leadership of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) decrying the non-involvement of members in the investment opportunities along ...

The Minister of Youth and Sports, Solomon Dalung, has made it known that the management of the national stadia in Lagos and Abuja would soon be transferred to the private sector. The Minister disclosed this while speaking to journalists after the Federal Executive Council (FEC) meeting yesterday in Abuja. In a statement, Dalung said the maintenance of the facilities could ...