Former Minister Fashola Urges State Review of Tenancy Laws for Monthly Rent Collection
Former Minister of Power, Works, and Housing, Babatunde Fashola, has advocated for the revision of tenancy laws across states to mandate landlords to collect rents on a monthly basis. Speaking at the launch of his book titled “Nigerian Public Discourse: The Interplay of
President Tinubu Endorses Every Nigerian’s Right to Housing
Nigeria’s president, Bola Tinubu has thrown his weight behind the notion that every Nigerian deserves a home. This resounding endorsement came Thursday during the official launch of the construction of 3,112 pilot housing projects under the Renewed Hope Housing Initiative in the Karsana
“We May Soon Start Sleeping Under Bridges” Residents of Lagos cry out, as Cost of Accomodation Shoots Up
By Sylvester Kwentua Residents of Lagos are pleading with the state Government to find a lasting solution to the high cost of accomodation in the state, before it gets out of hand. In a random vox pop by this reporter on Thursday in
Oyo State Issues Warning to Seize Abandoned Properties Amid Insecurity Concerns
The Oyo State Government has unveiled plans to take over abandoned structures and properties that pose security threats and serve as hideouts for criminals in the state. In a statement issued on Wednesday, the state’s Commissioner for Lands, Housing, Survey, and Urban Development,
FG kicks off N100b Renewed Hope cities, estates scheme in Abuja
The Federal Government will today lay the groundwork for the construction of 3,112 housing units in the Karsana area of the Federal Capital Territory (FCT) under the first phase of the 20,000-unit Renewed Hope Cities and Estates programme. The ground-breaking exercise to be
6 Basic Things FG must do to Achieve Renewed Hope on Housing
Though the popular view about housing delivery in Nigeria is that government should distance itself from direct construction, the fact remains that without government’s involvement, there is so little private sector operators can do to deliver the right number of housing units Nigerians
Canada Extends Ban on Ownership of Housing Amid Affordability Crisis for foreigners
Canada has announced a two-year extension to the ban on foreign ownership of Canadian housing, citing concerns about Canadians being priced out of housing markets across the country. The housing affordability crisis in Canada has been exacerbated by factors such as an increase
FHA and PPP Revolution In Nigeria, by Abubakar Yusuf
Since the globally coined Public Private Partnership PPP arrangements that occasioned synergy between the public service and private entities, particularly organised private sector. The Federal Housing Authority FHA under it’s housing programs had embraced the new parlance over two decades and beyond mere
$900bn dead capital locked up in real estate — PwC
PricewaterhouseCoopers Nigeria has said that it estimates that Nigeria holds as much as $900bn worth of dead capital locked up in residential real estate and agricultural land. The multinational professional services network stated this in a new report titled ‘Nigeria Economic Outlook: Seven
Current Prices of Building Materials in Nigeria (2024)
As we stride into the promising year 2024, the construction industry in Nigeria is buzzing with activity, and stakeholders are keenly monitoring the fluctuations in building material prices. From cement to steel, the cost of construction materials plays a pivotal role in shaping
