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Population growth driving real estate investment

Population growth driving real estate investment

The Group Managing Director of Palton Morgan Holdings, Mr Adeyinka Adesope, says the country’s population growth has increased investment in real estate. He said buying and selling real estate products had increased over the years and would continue to grow. He said, “Nigeria is an emerging nation and the population is growing, at a point, […]

Fear grips contractors, residents over Lagos road projects

Fear grips contractors, residents over Lagos road projects

This may not be the best of times for motorists in Lagos because of the deplorable state of roads in the metropolis.From the Mainland to the Island, the story is the same as the roads are neglected and abandoned by both state and local governments. Although, efforts were recently made to fix the major roads, […]

Concerns over deplorable facilities in estates

Concerns over deplorable facilities in estates

Stakeholders are worried about the poor state of facilities in federal government/state-owned housing estates in the country, which are suffering from negligence and lack of maintenance. Maintenance of existing housing stock has been in the front burner without any concrete action or blueprint by the authorities. For instance, the Nigerian Housing Policy (NHP) didn’t provide […]

Former UPDC boss launches new firm, targets 5,000 housing units

Former UPDC boss launches new firm, targets 5,000 housing units

Concerned about existing deficits in the middle-income segment, the immediate past Managing Director, UACN Property Development Company, Mr. Hakeem Ogunniran has unveiled his new firm- Eximia Realty Company Limited, which plans to bridge the housing gap in the country with 5,000 units. To kick-start the vision to build the units in the next five years, […]

Fear grips contractors, residents over Lagos road projects

Fear grips contractors, residents over Lagos road projects

This may not be the best of times for motorists in Lagos because of the deplorable state of roads in the metropolis. From the Mainland to the Island, the story is the same as the roads are neglected and abandoned by both state and local governments. Although efforts were recently made to fix the major […]

World Bank, others throw up competition for architects in low-cost housing

World Bank, others throw up competition for architects in low-cost housing

Following increase in natural disasters that have ravaged communities around the globe, a new search for architectural designs that will withstand such catastrophe has begun in earnest. The World Bank, UN-Habitat, Build Academy, Airbnb, and Global Facility for Disaster Reduction and Recovery are promoting the competition that majorly targets architects around the world to develop designs for […]

Olanrewaju Howells: Using Real Estate to Promote Agro-Tourism

Olanrewaju Howells: Using Real Estate to Promote Agro-Tourism

There was nothing about his early beginnings that suggested he would dabble into agriculture. His father was a surveyor from who he learnt the ropes of the business from a tender age. Today, Olanrewaju Howells is using real estate to promote agriculture and tourism, writes Vanessa Obioha But by the time he gained admission into […]

President Buhari assures Chinese investors of support

President Buhari assures Chinese investors of support

President Muhammadu Buhari on Wednesday in Beijing, China, assured existing and prospective Chinese investors of high-level support for their investment plans in Nigeria. The President’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in a statement in Abuja on Wednesday, said the president gave the assurance at separate meetings with prospective Chinese investors […]

WHAT YOU NEED TO KNOW ABOUT THE LAGOS LAND USE CHARGE LAW

WHAT YOU NEED TO KNOW ABOUT THE LAGOS LAND USE CHARGE LAW

It is no longer news that the Lagos state government recently repealed its 2001 Land Use Charge Law, LUC, replacing it with a new LUC, 2018. The Law, which was reviewed by the Lagos State House of Assembly and signed into Law by the State Governor, Mr. Akinwunmi Ambode on February 8, 2018, merges all Property […]

Professionals, OPS, others criticise Lagos new Land Use Charge

Professionals, OPS, others criticise Lagos new Land Use Charge

THE re-enactment of the Lagos State Land Use Charge to Law replace the one enacted in 2001, was greeted with strident public outcry obviously due to misunderstanding of its provisions. However, a detailed look at the Land Use Charge, LUC, Law (2018), which is the state government’s property tax, indicates that it is a consolidation […]


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