Tag Archives: real estate

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 ...

Real Estate Developers are appealing to government to develop the infrastructure needs to enable them easily provide affordable housing. According to them, it is the duty of government to provide the roads, drainage system and other infrastructure needs, since such activities are capital intensive and add to the cost of building. Ghana’s housing sector has been faced with a worsening ...

Perturbed by the high level of homelessness among Nigerians, the Federal Government has been urged by real estate experts to establish a housing microfinance fund or shelter fund to provide affordable houses for those in need of accommodation. Establishment of housing microfinance fund, according to Social Housing Activist and International Housing Finance Specialist, Mr. Adekunle Faleti, will enable low-income earners ...

Loans from banks to the industrial sector of the Nigerian economy grew by N1.74 trillion in three years from a total of N4.54 trillion in the first quarter of 2015 to N6.28 trillion by the final quarter of 2017. The loans were disbursed to four sub-sectors of the industrial sector: mining and quarrying, oil and gas; power and energy; and ...

Despite the poor performance of the real estate industry and the lull in the property market in recent times, stakeholders are optimistic about a positive growth this year. The Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics, Dr. Yemi Kale, said although the real estate industry, which contributed 6.79 per cent to real Gross Domestic Product, ...

Industry expert– One major thing the Federal Government needs to tackle urgently is developing the real estate sector, which has not shown any sign of recovery from recession going by the number of abandoned projects dotting the landscape. As investors are beginning to show confidence in the Nigerian economy due to the government’s intervention in forex, rebound in the capital ...

It’s that time of the year when love is consciously renewed and engraved in our hearts. It’s Valentine’s day again and everyone is either proclaiming their love for another or rediscovering new ways to love. The day when the skies suddenly turn red and the earth becomes an arena of unspeakable romance. The various hangout spots and fun zones becomes ...

The managing partner of Prince Joel and Associates, Prince William-Joel has said the difficulties inherent in real estate transactions and land acquisitions in Nigeria need to be tackled appropriately. According to him, that has to be done within the right context in order to eliminate all forms of inadequacies and mishaps relating to property and land acquisitions. He said the ...

From ₦1 million five years ago, price of a plot of land in Ibeju-Lekki, Lagos has soared to ₦6 million, representing 500 per cent increase, correspondent has learnt. It was also gathered that the land’s price per plot might soar to ₦8 million before the end of the year due to increased demand by investors and home seekers, who are ...

Governor Rochas Okorocha of Imo State has said that the state government would revoke the ownership of all unused lands especially those at the industrial layouts in the State, regretting that people acquired those lands and kept them for years without developing them but waiting to sell them at a very exorbitant prices. The Governor gave the hint when members ...