Tag Archives: Real Estate

A real estate consultant, Chief Meckson Okoro, has said that the shock created by the Coronavirus (COVID-19) pandemic in the construction and real estate subsector would remain for a long time. Chief Meckson Innocent Okoro Okoro, Managing Partner, M. I. Okoro and Associates, disclosed this in an interview in Lagos. According to him, many construction and housing development companies have ...

Minister of Power, Works and Housing, Babatunde Fashola, has said that houses built under the Federal Housing Scheme will be allocated to all Nigerians, irrespective of their states of origin. Fashola made the remarks while speaking with newsmen shortly after a tour of federal projects on Sunday, March 19, 2017 in Maiduguri, Borno. He said all qualified Nigerian residents in ...

The Ogun State Housing Corporation (OGSHC) has set machinery in motion for the construction of housing units at different locations of the state, apparently in line with the capital projects captured in the 2017 Budget of the agency. Special Adviser to the Governor on Housing Development and General Manager of the State Housing Corporation, Jumoke Akinwunmi, who made this known ...

Finance Minister, Mrs. Kemi Adeosun, has disclosed that the N500 billion housing funding approved by the National Executive Council last week will stimulate economic activities and return the economy to the path of growth. Adeosun told journalists in her office in Abuja recently that a mass housing scheme that would make Nigerians become homeowners under a mortgage arrangement would commence ...

Real estate investor and developers of the Eko Atlantic City Project on Victoria Island in Lagos, South Energyx Nigeria Limited (SENL), has restated its commitment to reduce the country’s huge housing deficit over the next few years through the development of a wide range of affordable and luxurious residential buildings. Making the pledge recently in Lagos was Mr. Ronald Chagoury ...

Eko Atlantic City, a sprawling mixed-use estate being built on the shores of the Atlantic Ocean in Lagos, has been described as an opportunity for British businesses to make a difference in Nigeria. The British High Commissioner to Nigeria, Paul Arkwright, who made the submission during a recent tour of the project site by a trade delegation of the British ...

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 ...

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 ...

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), ...

On 12th December 2015, history was made in Paris when 195 countries agreed to work together to substantially curb global warming by limiting it to a maximum of to 2°C, possibly 1.5°C, and phase out fossil fuels by the end of the 21st century. More than ever before, governments all over the world are now constrained to find cost-effective ways ...