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Tag Archives: Public Private Partnership

National Assembly set to pass Federal Road Authority bill to Presidency

Federal Road Authority

The leadership of National Assembly is expected to transmit the bill for the establishment of Federal Road Authority and the legislative framework for private sector participation in the development of road sector, to the Presidency for assent. The House of Representatives says its decision to adopt the Senate version of the Federal Road Authority was geared towards fast-tracking the proposed ...

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Global Property Partners to hold infrastructure summit

Investing in real estate

“Global Property Partners, a consortium of firms with diverse interests in real estate and infrastructure development, will hold an International Summit on Infrastructure Development in Lagos on October 26, 2017.”- This Day The Summit, which will attract some key players in the infrastructure finance and development industry both in Nigeria and internationally, will have the Vice President of Nigeria, Prof. ...

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Federal Government and Western Atlantic to train real estate practitioners

ERCAAN

“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

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Nigeria lures state government with PPP model to take over federal roads

federal roads

“Nigeria Government moves to permit states government to take over federal roads in the country and rebuild them in partnership with the private sector, if necessary. At the Niger Investment Summit, Nigeria’s Acting President Yemi Osinbajo disclosed that, President Buhari has given approval that any state that seeks to construct a vital federal road can do so even it is ...

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Lagos targets revenue inflow from Jubilee Estate project

Lagos targets revenue inflow from Jubilee Estate project

“Lagos State Government is set to increase its Internally Generated Revenue (IGR) profile through taxes that will accrue from the sale of housing units, Land Use charges and other statutory payments from its new Lagos Jubilee Estate, Iganmu.” – The Guardian The Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this while signing a Memorandum of Understanding (MoU), with Brains ...

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REDAN, CBN Brainstorm on Real Estate Data Collation

REDAN, CBN brainstorm on real estate data collation

Daily Trust reports that the Real Estate Developers Association of Nigeria (REDAN) Tuesday  conveyed a stakeholders meeting in  Abuja  to proffer solutions to the problem of collating data for the real estate and housing sector in Nigeria. Stakeholders in attendance included  directors from the Central Bank of Nigeria, the Federal Ministry of Power Works and Housing, the Federal Mortgage Bank ...

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Lagos to inject N200b into Ilubirin housing estate

Lagos to inject N200b into Ilubirin housing estate

The Nation reports that the Lagos State government has said it will inject about N200 billion ($500 million) into Ilubirin Housing Estate’s new model plan. Commissioner for Housing, Mr. Gbolahan Lawal, addressed reporters yesterday on government’s plan to further develop the estate. He said the government was putting massive infrastructure in the project for residential and commercial uses. Lawal said ...

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Delta Assembly to Okowa: Stop Edo from encroaching on our land

Women protest ‘forceful acquisition’ of ancestral land

“DELTA State House of Assembly has passed a resolution urging Governor Ifeanyi Okowa to urgently intervene and stop Edo State Government from encroaching on the state’s land under the guise of public private partnership with Michelin Rubber Company.”- Vanguard The resolution followed a motion to that effect by the member representing Ukwuani constituency in the House, Mr Alphonsus Ojo, seconded ...

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Imo NHF contributors to get allocation in new scheme

Would you take an opportunity to live as a tenant in Lekki over owning your house in Mushin

“Succour may be in the offing for some contributors of the National Housing Fund (NHF) in Imo State, if recent pronouncements by the Federal Mortgage Bank of Nigeria (FMBN) are anything to go by.” The Guardian reports According to The Guardian, the FMBN financed 100 housing units under the Ministerial Pilot Housing Scheme at Naze, Owerri North Local Council to ...

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