Government needs to fully regulate real estate operations, says Wamakko
Alhaji (Dr.) Aliyu Wamakko is the President, Real Estate Developers Association of Nigeria (REDAN) and Chairman, JEDO Investment Company Limited. He spoke to the Property & Environment Editor, CHINEDUM UWAEGBULAM on how to revamp the housing industry, curb corruption and access long-term funding in the real estate sector. The housing sector lacks accurate data, and…
Land registries remain cesspit for bribery in Nigeria, says report
A new survey released recently revealed that land registries have remained a cesspit for bribery among other public offices in Nigeria.
Property developers to partner southwest states on land titles, building approvals
To stem the myriads of problems hindering private sector-driven housing supply, property developers plan to begin talks with states in the Southwest region to arrest the situation. The move comes on the heels of current national housing policy that emphasizes use of the private sector in growing the housing stock and providing jobs through construction…
As real estate shrinks, construction sector grows Nigeria’s GDP
Construction and related industries are together responsible for more than 10 per cent of Nigeria’s Gross Domestic Product (GDP) in the first quarter of 2020
Experts seek establishment of National Housing Commission
As high prices of building materials are threatening construction costs and dampening the hopes of quality homes, stakeholders have reiterated their call for the establishment of a National Housing Commission
Developers get new president, seek FMBN recapitalisation
For the umpteenth time, private estate developers have called for the recapitalisation and streamlining of the Federal Mortgage Bank of Nigeria (FMBN).
REDAN seeks subsidy for real estate sector
The President of the Real Estate Developers Association of Nigeria (REDAN), Rev Ugochukwu Chime has said that poor land administration, especially the high cost and long period of securing titles
Kudos, knocks over amended Lagos Land Use Charge Act
Although details of the amendment to the Lagos Land Use Charge (LUC) Law 2018, is still sketchy, the recommendations by members of the Lagos State House of Assembly to amend the act has continued to elicit reactions among major stakeholders in the state. The amendment, which came about 20 months after the 2018 law generated…
FG to offset $29m counterpart funding in Shelter Afrique
The Federal Government has assured that it will settle its $29 million financial obligations to Shelter Afrique to ensure innovative and sustainable housing delivery system in Africa.
‘Developers sanitising real estate sector to curb money laundering’
Following insinuations that looters and money launderers use real estate to hide their illicit wealth, the Real Estate Developers Association of Nigeria (REDAN) has revealed how it stepped up efforts to curb sharp practices and other illegalities in the sector.