Wednesday 13th November 2019
Wednesday, 13th of November 2019
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Real Estate

Universal capital fuelling African property markets


Despite Africa’s slowdown, property developers and private equity funds continue to pour investment into the continent, but with more focused strategies, industry practitioners have said. “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and we expect this trend to continue,” said Kfir Rusin, General Manager of the upcoming Africa Property ...

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Eko Atlantic City completes eight-lane Eko Boulevard


An eight-lane arterial road stretching over 1,500 metres long has been completed in Eko Atlantic City, an innovative real estate development initiative that is emerging on Victoria Island by the Lagos coastline. Project promoters describe the highway as the first of its kind not only in the bustling city, but likewise in the country. The controversial Eko Atlantic City is ...

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Nigeria’s housing crisis: Fact and fallacy


The arresting headline in the June 3, 2016 edition of EnviroNews titled “Housing crisis looms with 17 million deficit,” must have scared the hell out of readers, nay other compatriots at this time when Nigeria is fighting so many wars both declared or undeclared. From Boko Haram to the Niger Delta Avengers coupled with the problems of corruption, kidnapping, economic ...

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Housing crisis looms with 17 million deficit


President Muhammadu Buhari has raised an alarm over the housing crisis that is staring Nigeria in the face with housing deficit of 17 million. He made it clear that the country requires one million houses annually to be able to weather the storm of the housing challenge. The President who spoke through the minister of the Federal Capital Territory (FCT), ...

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Ogun unveils 160-unit housing estate for workers


The Ogun State Government has commissioned a total of 160 units of two- and three-bedroom detached and semi-detached bungalows and storey-building apartments, presumably as part of efforts aimed at providing affordable housing for its workforce. Wife of the President, Hajia Aisha Muhammadu Buhari, while commissioning the Phase 1 of the estate, named after the first Head of Service in the ...

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Ogun advices residents on land acquisition

Jumoke Akinwunmi

The Ogun State Government has advised residents to always channel their enquiries on land acquisition particularly as it relates to its validity to relevant agencies. Special Adviser to the Governor on Housing Development and General Manager, Ogun State Housing Corporation, Jumoke Akinwunmi, while speaking on the achievements of the corporation in the last 40 years in Abeokuta, said that the ...

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Osun Land Use Charge Bill becomes law

Rauf Aregbesola, governor of Osun State

Governor of Osun State, Ogbeni Rauf Aregbesola, on Tuesday said never will his administration base the execution of its programmes on allocations from federal revenues allocations again. The governor, at the signing into law of the Osun State Land Use Charge Bill at the Executive Chambers of the Governor’s Office in Osogbo, stated that previous and present administrations had so ...

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Shell, developer complete 79-unit Abuja estate


Shell has inaugurated the Imani-Shell Estate Phase 2 located in Maitama District of Abuja in the Federal Capital Territory (FCT). The project was developed by Shell Nigeria Closed Pension Fund Administrator (SNCPFA), in partnership with Imani and Sons Nigeria Limited, and consists of 28-unit luxury residential apartments to complement the existing 51 units in the phase one of the estate. ...

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Lagos to demolish other defective Lekki Gardens buildings


The Lagos State governor, Akinwunmi Ambode, on Tuesday directed that stability test be conducted on all buildings constructed by Lekki Gardens to ascertain their structural integrity. Abode said any of the buildings found to be defective would be demolished. The governor, who addressed Government House Correspondents at the Lagos House, Ikeja, shortly after inspecting the site of the collapsed building ...

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‘Simeon Court’ makes a debut at highbrow Oniru Estate in Lagos


Classic modern home design, landscaping, closed circuit TV, water treatment plant, flood lights, elevated building, paved compound and good land title are unique features of Simeon Court, a new residential estate located in the highbrow, medium density residential area of Oniru Estate, Victoria Island in Lagos. The luxury estate is being built by big-wig Lagos real estate development firm, Deluxe ...

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