Krent Updates

Edo Governor: 30,000 Residents Now Own Land Papers

The Governor of Edo State, Godwin Obaseki, has announced that his administration has recently granted over 30,000 Certificates of Occupancy to qualified homeowners and investors. This move aims to stimulate real estate investment in the state. During the inauguration of the Nigerian Institution of Estate Surveyors and Valuers headquarters in Abuja, he made this significant […]

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Federal Government gives 675 hectares to the Diaspora City project.

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Federal Government has allocated 675 hectares of land for the Diaspora City project situated at Maitama 2 in the Federal Capital Territory. According to a statement signed by the Director of Information, Badamasi Salisu Haiba, the minister revealed this when a delegation

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HDAN Urges Real Estate Association to Prioritize Professionalism and Credibility

Festus Adebayo, the Executive Director of Housing Development Advocacy Network (HDAN), has stressed the importance of professionalism, credibility, and discipline within the Real Estate Developers Association of Nigeria (REDAN). Adebayo advised the new executives of REDAN, led by Akintoye Adeoye, to make these qualities a top priority in advancing the association. He assured REDAN of

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Housing Budget Review: Stakeholders Identify Urgent Need

Stakeholders in the housing sector are urging a reassessment of the 2024 housing budget to align with present conditions. Speaking exclusively to The PUNCH, the Executive Secretary of the Association of Housing Corporation of Nigeria emphasized the necessity of revising the budget projections for the year. “In the span between January and now, significant changes

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Lekki Demolitions: Commissioner Addresses Public Concerns

The Lagos State Government recently explained the removal of shanties along the coastal road in Lekki. Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, clarified that the action aimed at public interest rather than harming citizens. He led a team on an inspection tour of the state, accompanied by officials including Special Adviser

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New Plan: Ministry, EFCC Joins Forces to Tackle Housing Fraud

The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced a new plan to fight housing fraud alongside the Economic and Financial Crimes Commission (EFCC). The Minister of Housing and Urban Development, Ahmed Dangiwa This collaboration aims to create a system to spot and address dishonest practices in the housing sector. During the commissioning

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Lagos State Governmentto End Collapse of Buildings with New Partnership

The Lagos State Government is teaming up with private companies to tackle building collapses more effectively.  Scene of Building Collapse The collaboration, known as the “Accredited Certifiers Programme,” aims to boost the government’s ability to monitor and enforce building regulations across the state. Dr. Olajide Babatunde, the Special Adviser to the Lagos State Governor on

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Experts share insights on challenges to Real Estate Growth in Nigeria

The Managing Director of M&E Kaiser Limited, Jamila Faniyi has stated that getting affordable long-term financing in the construction and real estate sector is now a big challenge. She shared this concern during the Nairametrics Real Estate Industry Outlook Webinar on March 9, 2024. Jamila explained that the main hurdle in real estate and construction

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New Bill: Land selling Firms in Kenya To Now Pay Ksh 500 Million as License Fees

A new Land Amendment bill aims to stop fake land sales and punish corrupt land sellers in Kenya. On Thursday, February 8th, the Kenyan Parliament approved the publication of the Lands Act, 2012 (Amendment) Bill. This bill will regulate firms that buy and sell land. It proposes that Land selling companies deposit an indemnity bond

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