Tag Archives: Real estate sector

Ninety per cent of the so-called affordable housing units built in Nigeria before now is in gross mismatch with affordability and accessibility dynamics of an average Nigerian citizen, New Telegraph has learnt. According to the Chairman, Value Chain Project Consultancy Limited, Pastor Joshua Egbagbe, there was no concerted push for intervention funds for the housing industry for low and medium ...

Land affects every aspect of a city and national development at large. It is believed to be the central issue in the development process. Its ownership and uses have always played an important role in shaping identities, defining power relations and understanding the political, economic and social process at work. However, there are issues associated with its acquisition, management and ...

Bearing in mind the late passage of the 2018 budget and the fact that only 50 per cent of what was budgeted for the housing sector in 2017 was released, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed fears that the sector might not receive up to 25 per cent of its allocation for 2018. Citing so ...

There is heightened controversy bordering on Land Use Act. In this report, CHIKA OKEKE writes that the act which hits 40 years in March is jeopardising affordable housing delivery in the country. The challenges militating against the provision of affordable housing is enormous and efforts to address the shortcomings has produced insignificant results. From difficulties in acquiring land, titling and ...

Mr. Rowland Abonta, the National President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), at the weekend, decried the poor remuneration of operators in the real estate subsector of economy. Mr. Rowland Abonta, the National President of NIESV, made the observation while inaugurating the Corporate Affairs Committee for the 2018/2019 year in line with the provision of the institution’s ...

The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the directive of the Central Bank of Nigeria (CBN) compelling commercial banks to lend the real sector for economic growth. Kuru stated this at the Institute of Directors (IoD) 2018 luncheon held in Lagos. The Managing Director of AMCON also noted that lending to the ...

The Managing Director of Alpha Mead Facilities and Management Services Limited, Femi Akintunde, has stated that despite an improvement in macroeconomic fundamentals in the country, that activities in the real estate sector is not responding accordingly. Akintunde, who stated this during the AMF annual Facility Management Roundtable, hinted that he was optimistic that as facilities managers, they can stimulate the ...

More evidence that architectural companies are embracing design and build concepts are emerging, following the lull in the construction activity. The move is triggered by declining new projects coupled with escalating construction cost that has forced individual builders to vacate sites. Design-build is a project delivery system used in the architectural companies. It is a method to deliver a project ...

Mr. Kunle Adeyemi, the CEO of sterling homes Ltd was in an interview with one of our correspondents, Rianat. He opined that developers need to create a mortgage system that works since the one we have is not accessible. Read his interview below. NREH: What influenced your decision to go into real estate considering your background in sciences? Mr. Adeyemi: ...

Mr Adeniyi Akinlusi, President, Mortgage Banking Association of Nigeria (MBAN), on Wednesday urged exploration of the potentials in the real estate sector to aid economic development and alleviate poverty. Akinlusi, who made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, said that there were untapped resources in the real estate and construction industry. He ...