All posts by David

More Nigerians getting poorer under Buhari govt – IMF

The International Monetary Fund has said more Nigerians have gotten poorer under the President Muhammadu Buhari government despite the country’s slow recovery from recession. In a report released yesterday, the IMF said Nigeria needs urgent economic reforms. It identified risks to growth, including additional delays

FCTA To Revoke, Reallocate Undeveloped Plots In Jabi

The Federal Capital Territory administration (FCTA) has again warned owners of undeveloped plots in Jabi district to commence their development or face revocation of such plots. Speaking when he removed illegal mechanic workshops, food joints and road blocks around the popular Jabi Motor Park, coordinator

FEDERAL GOVERNMENT INAUGURATE BOARDS OF FHA AND FMBN

The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola on Wednesday, the 1st of March, 2018 inaugurated two new Boards of Directors comprising The Federal Housing Authority (FHA) and The Federal Mortgage Bank of Nigeria (FMBN). Read More: WHY YOU SHOULD EXHIBIT AT THE

REDAN gets New Exco, promises to operate transparent leadership

To ensure effective and efficient running of its affairs nationwide, the Real Estate Developers Association of Nigeria (REDAN) yesterday inaugurated its 17-man new Executive Committee. The New Exco members includes; Ugochukwu Chime, Alhaji Aliyu Orji Wamakko, Princess chinwe Nnabuife among others generally agreed by members

Regulating The Mortgage Industry In Nigeria

By Wale Suleiman It is no longer news that Nigeria has a huge housing deficit that experts have put at above 17 million units that would require an annual investment of billions of naira for the next 10 years to bridge. Yet, there is no

Expert Tasks Developers On Mass Housing Scheme

Mr Omotayo Awomosu, the Chairman, Association of Town Planning Consultants of Nigeria (ATOPCON), Lagos Chapter, has urged developers to build more houses to crash the cost of rent in the country. Awomosu told Housing News in Lagos on Wednesday that the incessant rise in cost

Lagos Demolishes 21 Buildings On LSDPC Land

Officials of the Lagos State Building Control Agency, LASBCA, on Thursday demolished 21 buildings erected illegally on government’s land meant to develop mass housing around Ogudu area of Lagos, Southwest Nigeria. The parcel of land measuring 7.6 hectares at Abule Shoko area, Ogudu is said

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