Developers to tread cautiously on Nigeria’s real estate frontier
APPARENTLY buoyed by the growing apathy by commercial banks to fund projects and impact of on-going reforms by the government, a new report has predicted that developers will be more cautious in property development as the economy remains slow, and prepare for a changing landscape.
Fourscore Homes begins Shalom Place estate in Lagos
UNITED Kingdom-based property firm has made its foray into real estate development, with the approval for the commencement of 420 flats and another set of 110 flats also in Isheri North in Ogun State.
Estate surveyors’ board to sanction unregistered practitioners
PRESSED to ensure standards in practice, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) has vowed to sanction any practitioner who engage valuation service informally without proper registration with the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON).
Engineers plan project competition in tertiary schools
MOVED to encourage engineering education, members of the Nigerian Society of Engineers (NSE), Victoria Island branch, Lagos have concluded plans to organize a project competition among final year students in some selected tertiary institutions.
Lagos, Badagry residents parley over physical planning
TO prevent haphazard physical developments along the Badagry corridor, a suburb in Lagos, the state government has sought the understanding of the property owners and resident within the area, and to seek government’s input before engaging in any building project.
Minister harps on environment-friendly ecosystem
AS part of move to militate against environmental degradation and global warming, which has become a global phenomenon, the Minister of Environment, Amina Mohammed has reiterated the commitment of the Federal government in ensuring environment-friendly ecosystem. Speaking at the launch of a product designed to save fuel and reduce the volume of emission released into…
Stakeholders urge govt to embark on timber tree regeneration
WORRIED by the disappearance of timbers in the Nigerian forests, stakeholders in building sector have called on governing authorities to stem the tide by putting in place a sustainable policy. The policy, according to them should not only prevent illegal cutting of immature timbers but, to ensure the replenishing of the ones cut either for…
Rivers orders illegal occupants to vacate govt property
AMID claims that state-owned property has been encroached upon by developers, Rivers authorities have called on illegal occupants of government lands to vacate the lands or be evicted by the government at the appropriate time. The Executive Director of Rivers Bureau of Public- Private Partnership (BPPP), Nimi Walson-Jack, who journalists after inspecting government project sites and estates…
Works ministry to revive Lagos airport road project
Fashola wants adherence to plan in legislature DETERMINED to revive the construction industry and save federal roads from falling into a state of disrepair, the Federal Ministry of Power, Works and Housing has revealed plans to strengthen the Federal Roads Maintenance Agency (FERMA) to become the biggest construction outfit capable of handling major projects. The…
‘Strong private sector participation in housing will raise homes for low income’
WITH the downturn in Nigeria’s construction industry due to slump in oil prices, how will AfricaBuild stimulate investment in the housing sector? Business should never come to a complete stand still even when the economic circumstances are dire. All business is about relationships. These need to be established, nurtured and maintained. A well -organised trade…
Lagos, stakeholders parley on waterfront development
IN a renewed effort to address several issues affecting waterfront development in Lagos State, the Ministry of Waterfront Infrastructure Development has assured stakeholders on possible solutions that would ultimately lead to boosting dredging activities in the state. Speaking at a one-day stakeholders meeting last week in Alausa, Commissioner for Waterfront Infrastructure Development, Mr. Adebowale Akinsanya,…
Appeal Court upholds Actec’s claim to construction equipment
CONVINCED that Messrs ACTEC International Limited, an incorporated company based in Port-Harcourt, Rivers State, Nigeria, is the rightful owner of a construction equipment, a Court of Appeal, Owerri Judicial Division, has upheld the claims of the firm to the heavy duty machinery, caterpillar. The judgment read by Justice Frederick Oho alongside with Peter Olabisi and…