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Real Estate

Dangote, others for Editors’ Plaza Foundation laying ceremony

Aliko-Dangote

Africa’s richest man and President of Dangote Group, Aliko Dangote, is to play the role of Chief Guest of Honour at the foundation stone laying ceremony for the multi-purpose Editors’ Plaza, a project of the Nigerian Guild of Editors (NGE) scheduled for Thursday, March 1, 2018 in the Guzape District of Abuja. Former Governor of Akwa Ibom State, Senator Godswill ...

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Lagos commits to reducing housing shortfall

Estate

The Lagos State Commissioner for Housing, Mr Gbolahan Lawal, on Wednesday, February 14, 2018 reiterated the commitment of the state government to creating an enabling environment for economic growth through massive housing construction across the state. Lawal gave the assurance during an inspection tour of some housing estates in Odo Onasa/Odo Ayandelu and Agbowa, both in Ikorodu division. He said ...

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Lagos Land Use Charge: Religious organisations, cemeteries may be exempted

Akinwunmi Ambode

The Lagos State House of Assembly on Tuesday, January 16, 2018 said that religious organisations and cemeteries would only be granted exemption in the. proposed harmonised bill on Land Use Charge if they do not engage in commercial activities. Mr Yinka Ogundimu, the Chairman of the Assembly’s eight-man Ad hoc Committee on Finance, gave the insight at a Public Hearing on ...

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Don calls for policies to guarantee affordable housing

Timothy Nubi

Prof. Timothy Nubi of the University of Lagos, Akoka on Wednesday, January 10, 2018 urged the Federal Government to evolve polices that would guarantee affordable housing in the country. Nubi, who is the Dean, Faculty of Environmental Sciences, gave this advice while speaking with the News Agency of Nigeria (NAN) in Lagos. He said that the government could formulate a ...

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Providing solutions to housing deficit

Estate

The Federal Mortgage Bank of Nigeria (FMBN) initiated the National Housing Fund (NHF) scheme to facilitate the provision of houses to Nigerians and bridge the housing deficit. NHF is a pool which mobilises long-term funds from Nigerian workers, banks, insurance companies and Federal Government to advance loans at a single-digit interest rate to its contributors. With the NHF scheme, workers ...

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Expert says corruption affecting mass housing delivery

Babatunde-Fashola

Lagos-based real estate development practitioner, Mr Ejike Orabuchi, has appealed to all tiers of government to deal with corruption affecting mass housing delivery initiatives for Nigerians. Orabuchi, Chairman of Mecfot Homes and Properties Ltd., made the call in an interview with the News Agency of Nigeria (NAN) on Sunday, December 24, 2017 at Fagba, Lagos. He spoke during the company’s ...

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Lagos restates zero tolerance for fraud in real estate sector

Gbolahan Lawal

The Lagos State Government on Tuesday, December 19, 2017 restated its commitment to stamp out fraudulent practices in real estate transactions in the state. Commissioner for Housing, Mr Gbolahan Lawal, made the assertion at the second edition of the 2017 Stakeholders’ Forum in Alausa, Ikeja, the seat of power. Theme of the forum is: “Prevalence of Fraudulent Practices in Real ...

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Opaluwah emerges vice-chair of CORBON

Samson Opaluwah

A builder and engineer in private practice, Dr. Samson Opaluwah, has been unanimously elected as the Vice-Chairman of the Council of Registered Builders of Nigeria (CORBON). The election took place during the 107th meeting of the Board on Wednesday, October 11, 2017 in Abuja. The meeting is sequel to the inauguration of the 15-member 6th Council by the Minister of ...

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API Awards: Africa’s top real estate developers emerge

API Awards

Property developers, suppliers and owners recently got the opportunity to showcase their best projects and services from across sub-Saharan Africa at the Africa Property Investment (API) Awards held on Thursday, August 24, 2017. The awards, which were held at the API Summit and Expo 2017 in Johannesburg, South Africa, recognised innovation and outstanding achievement across the entire property industry in ...

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With World Bank’s $300m, housing scheme plans to make every Nigerian a landlord

Housing

Shifting from the tradition of borrowing with collateral to fund housing, My Own Home scheme of the Federal Government, with a loan of $300 million from the World Bank, plans to make every Nigerian a homeowner. The scheme, which is about home-ownership, was flagged off in Abuja last month. The loan will be repaid in 40 years. In partnership with ...

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