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 […]
Housing Budget Review: Stakeholders Identify Urgent Need Read More »
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
Lekki Demolitions: Commissioner Addresses Public Concerns Read More »
A good number of us are fans of coffee shops/cafés. The delicious food, peaceful vibes, that energizing caffeine kick, perfect for diving into a good book or getting some work done on your laptop. And when we’re in a new area, the first thing we do is scout out the best spots to enjoy these
Lagos Living : Must-Visit Cafés in Lagos Island Read More »
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
New Plan: Ministry, EFCC Joins Forces to Tackle Housing Fraud Read More »
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
Lagos State Governmentto End Collapse of Buildings with New Partnership Read More »
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
Experts share insights on challenges to Real Estate Growth in Nigeria Read More »
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
New Bill: Land selling Firms in Kenya To Now Pay Ksh 500 Million as License Fees Read More »
Dr. Biodun Adedipe, the Chief Consultant of B. Adedipe Associates Limited (BAA), has advised the federal government to see the real estate sector as a key player in boosting the country’s economic growth. He gave this advice during his keynote speech at the Nigerian British Chamber of Commerce’s Real Estate Outlook 2024 event, which focused
Expert Urges FG to Embrace Real Estate for GDP Growth Read More »
The decision by the Central Bank of Nigeria to raise interest rates has sparked concerns within the real estate sector, potentially impacting housing affordability and development significantly. Experts within the built industry have expressed apprehension over the Central Bank of Nigeria’s recent interest rate hike, foreseeing substantial challenges for the real estate market. Notable figures
Interest Rate Hike Threatens Growth of Real Estate in Nigeria Read More »
The Lagos State Building Control Agency insists that developers must secure a letter of authorization before beginning construction on any building in the state. Gbolahan Oki, the General Manager of the agency, emphasized this requirement during the presentation of authorization letters to developers of the Lagos Arena. Oki clarified that the letter of authorization can
LASBCA: New Law Demands Authorization Letters for Developers Read More »