Real Estate News

Stakeholders Call for Data Centre to Tackle Nigeria’s Housing Crisis

At the recently concluded 19th Africa International Housing Show (AIHS) in Abuja, stakeholders in Nigeria’s real estate sector renewed calls for the establishment of a National Housing Data Centre that would centralise land, housing, and finance statistics. The proposed centre, they noted, would provide reliable data for evidence-based policymaking and help address one of the […]

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FG Explains How New Housing Programme Differs From Previous Efforts

The Federal Government has shed light on how its Renewed Hope Housing Programme stands apart from past housing projects, promising that this time, ordinary Nigerians will feel the real impact. Unlike earlier initiatives that were often small, scattered, and delivered only a few hundred homes over many years, the new programme is designed to have

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EFCC Warns Nigerian Real Estate Developers Over Fraud and Illicit Funds

Real estate developers in Nigeria are under renewed pressure to ensure their operations are transparent, as the Economic and Financial Crimes Commission (EFCC) intensifies its crackdown on fraud and illicit financial flows within the sector. Speaking at a policy dialogue in Abuja, EFCC Chairman Ola Olukoyede announced that the Commission is now closely monitoring property

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Guide To Finding A House For Sale In Nigeria

Finding the perfect house for sale in Nigeria can be both exciting and overwhelming, especially for first-time home buyers or property investors. The country’s real estate market presents a broad spectrum of options—from luxurious homes in high-end areas to more affordable properties in up-and-coming neighborhoods. With such variety, it’s easy to feel overwhelmed by the

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80% of the buildings in Lekki are unauthorized, says Lagos State Government

Dr. Oluyinka Olumide, Lagos State Commissioner for Physical Planning and Urban Development, revealed in a recent interview that a whopping 80 percent of buildings in Ibeju Lekki lack official approval.  He explained that during a recent inspection in the area, it was evident that most estates were unapproved. Olumide outlined the procedure for obtaining approval,

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Landmark Group’s Title Challenged by Minister, Compensation Begins for Others

The Minister of Works, David Umahi, has questioned Landmark Group’s title, claiming that the shoreline never belonged to the property company. MInister of Works- David Umahi He questioned Landmark Group’s title at a stakeholder meeting on compensation payments to property owners affected by the Lagos-Calabar Coastal Highway project in Lagos on Wednesday. He stated, ”The

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Are Shipping Containers the Solution to Ghana’s Housing Crisis?

In the midst of Ghana’s growing housing problem, Eric Kwaku Gyimah is leading a pioneering effort to convert shipping containers into affordable, eco-friendly homes. Eco-friendly homes made from shipping containers Gyimah’s company, IWoodz Creation, doesn’t just make homes but also constructs shops, offices, and cafes using retired shipping containers. Ghana’s Statistical Service reports that out

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Lagos grants building owners 3-month grace period for planning permits

The Lagos State Government is offering a three-month chance for building owners to get planning permits without penalties.  Mr. Oluwole Sotire, the Permanent Secretary of the Office of Physical Planning, made this announcement through a statement by Mr. Mukaila Sanusi, the Deputy Director of Public Affairs. From May 2 to July 30, 2024, owners of

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Experts Stress Need for FMBN Fund Boost

Experts in the construction industry have stressed that it’s high time the Federal Mortgage Bank of Nigeria got a financial boost. Toye Eniola, the Executive Secretary of the Association of Housing Corporations of Nigeria, shared in an interview with The PUNCH that given the current economic situation, beefing up FMBN’s funds was inevitable. Eniola explained,

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Lagos State Terminates Kantagua Market Construction Deal

The Lagos State Government has terminated its contract with Bridgeway Global Project Limited for the construction of Kantagua Market. Dr. Olajide Babatunde, the Special Adviser to the Governor on e-GIS and Urban Development, disclosed this during an inspection of the site designated for the relocation of Ikeja Computer Village as part of the state’s urban

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