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Property & Environment

‘Nigeria Needs N60bn To Bridge Housing Deficit’

German Development Finance Institution, GIZ, has said about $300 million (N60 billion), was needed to provide mortgage finance to low income earners in Nigeria. The Country Director, GIZ, Dr Thomas Kirsch stated this at the Affordable Housing Practitioner’s Workshop in Abuja on Thursday. Kirsch said the solution to bridging this gap was in the hands of private investors who could ...

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Dangote Cement N300m  New Promo Begins

Dangote Cement

In a bid to compensate and enrich its teeming customers across the country, Dangote Cement will from today, Monday November 16, 2015 commence its biggest promo that will benefit 3, 783 customers. The promo, which will be activated across the country will run for three months, with total benefits of N300 million to be shared among 3,783 customers. Two prizes ...

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Professional Bodies Back Proposed Osun Urban, Regional Planning Law

Professional bodies, and other relevant stakeholders in urban and regional planning in Osun State have threw their weight behind the passage of a law for effective town planning to attract further development to the state. They gave the nod to the passage of the Urban and Regional Planning Development Bill 2015 at a public hearing, organised by the state House ...

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NIBSS, Etisalat Partner On BVN Query Service

Stories by Emmanuel Okwuke, Lagos Telecommunications operator, Etisalat is collaborating with Nigeria Inter Bank Settlement System Plc (NIBSS) to roll out Bank Verification Number (BVN) Query Service. The service, which was unveiled at the NIBSS headquarters recently, is designed to help the banking Nigerian public Query their BVN on-the-go via their mobile phones. This is coming on the heels of ...

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1004 Estates: The Crisis Within

By Nkasiobi Oluikpe, Lagos With controversies trailing the frosty relationship between home owners and Residents Associations (HORA), occupants of 1004 Estates in Victoria Island, Lagos and their facility managers, 1004 Estates Limited, Daily Independent sought the views of Mr. Tayo Soetan, chairman of HORA, on the position of the home owners and managers of the facility. After filling the form ...

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Problems Of Mortgage System In Nigeria

By Andrew Airahuobhor, Lagos With more than 17 million housing deficit in the country, Nigeria’s quest to provide affordable houses for its citizens has continued to face hindrances from the lingering three problems of its mortgage system- title, interest rate and credibility of people. Public Relations Officer of Nigerian Institute of Architects, Samson Akinyosoye, said apart from the fact that ...

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Do Not Dispose Refuse In Canals, Adebule Urges Residents

The Deputy Governor of Lagos State, Idiat Adebule, last Saturday warned resident not to dispose refuse in canals and drainages in order not to aid flooding. Adebule gave this warning during the last environmental sanitation exercise at Ojo Local Government Area. She expressed displeasure at the state of canals in the area, as residents had cultivated the habit of dumping ...

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Terminal Operators To Apply Port Charges On Weekends, Public Holidays

By Andrew Airahuobhor, Lagos   Seaports Terminal Operators Association of Nigeria (STAON) has said that port operators are bound to apply relevant charges since terminals are open during weekends and public holidays. STOAN said in a statement that ports are essential services obligated to remain open at all times including weekends and public holidays. “24/7 operation provides the necessary spread to ...

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Lawu Road To Be Completed In 8 Weeks – Niger Govt

The Deputy Governor of Niger State, Alhaji Ahmed Ketso, has said that the 1.1 kilometres Lawu Road project, awarded at the cost of N50 million in July this year, would be completed in eight weeks. Ketso who spoke after an inspection of the project in Bosso, said that the government would accord priority to the construction of roads, to promote ...

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Lawyer Faults Speaker Over Call For Price Control Of Fuel

Nigerian Law

By Emmanuel  Okwuke,  Lagos   Chairman of OTL Africa Downstream, Barrister Emeka Akabogu, On Monday faulted the Speaker of the House of Representatives, Hon.Yakubu Dogara over his call for price control for petroleum products in the country. The Speaker was quoted recently as saying that by law in this country, the price of petroleum products must be controlled, and that ...

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Mobile Court Seals 36 Premises In Abuja


Acting on a Mobile Court order, the Department of Development Control, Abuja Municipal Management Council, last Saturday sealed off 36 out of 41 premises in Asokoro for failing to repaint their houses and perimeter fences. The court summoned 41 residents of Churchill St., Omar Bongo Close, Daniel Arap Moi Close, Paul Biya Close, and Queen Elizabeth St., all in Asokoro, ...

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Inagbe Grand Resorts And Leisure, Truly Nigerian – Ogunwusi

By Nkasiobi Oluikpe,   Lagos   What better way to be truly Nigerian with Nigerian concept, the Inagbe Grand Resorts and Leisure, occupying about 300-hectares of land, that is just a stone throw from Snake Island, is located in the midst of a lagoon and the Atlantic Ocean. It has been variously described as a snatch of Vegas in Lagos, but ...

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Shortage Of Manpower Crippling Environmental Health Sector – Association

President of the Environmental Health Officers Association (EHOA), Yandeh Mairiga has advised the Kaduna State government to recruit more environmental health personnel as shortage of manpower and lack of enabling laws were crippling environmental health sector in the state. Mairiga complained that the state had only 100 certified environmental health officers, a figure he said was grossly inadequate for a ...

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Enabling Environment Will Engender Growth In Architecture – Lewis

Akin Lewis

Ladipo Lewis, the immediate past Lagos State chapter chairman of the Nigeria Institute of Architects (NIA), has lamented the dearth of infrastructure, which according to him has subjected the entire profession of architecture to very low output in developments. In this interview with Nkasiobi Oluikpe, he insist that the availability of a single digit interest mortgage and development loans will ...

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Estate Agents Collect 20% Fraudulent Rent Commission

By Nkasiobi Oluikpe,   Lagos When the immediate past administration of Lagos State instituted a law that ordered landlords across the state not to collect rent in excess of one year for residential properties, it was highly applauded by majority of the masses, most of whom were tenants. While Babatunde Fashola was said to have scored an excellent goal on that, ...

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SEC Extends Unilever’s Tender Offer As Index Drops 0.22%

nigerian stock exchange

By Bamidele Ogunwusi,  Lagos   Unilever Overseas Holdings B.V. (“Unilever Overseas”) has notified The Nigerian Stock Exchange that its ongoing Tender Offer to individual shareholders of Unilever Nigeria Plc (“Unilever Nigeria” or “the Company”) has been extended from June 10, 2015 to June 25, 2015. The Company has obtained approval the Securities and Exchange Commission for the extension. Unilever stated ...

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FG Committed To Environmental Protection – Ministry

With the establishment of various institutions and mechanisms to address specific environmental issues, the Federal Ministry of Environment has stated that it will implement relevant actions to achieve sustainable development and environmental protection in the country. This assurance was given by the Permanent Secretary of the ministry, Fatima Mede at a symposium organised recently to mark the 2015 World Environmental ...

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Flood Mitigation: The Lagos Example

By  Nkasiobi Oluikpe –  Lagos   Ahead of the anticipated flooding in the state, the Lagos State government is presently embarking on a flood mitigation exercise across the state with workers dispatched to various locations, de-silting and clearing the drainages of solid waste. Though the state is just some seven metres above sea level, the Lagos State government has assured ...

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Ensure Proper Management Of Beaches, Expert Tells Govt

An environmentalist, Frank Saer, has emphasized the need for both the states and federal government to ensure proper management and maintenance of beaches across the country. The environmental expert, who noted that coastal erosion and flooding have become a major concern across the globe, remarked that Lekki Beach has a great and untapped potential for further development of the Lekki-Epe ...

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Fate Of Low Income Earners In Govt. Housing Initiatives

One of the National Low Cost Houses

By Nkasiobi Oluikpe Lagos Various tiers of governments in Nigeria, both at the federal and state levels, have been propagating their efforts at meeting the housing needs of their citizens at affordable prices. One of the provisions of the 1992 National Housing Policy is to give priority to housing programmes designed to benefit the ‘low income groups’ and to ensure ...

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N500b FG’s Debt Sinks Construction Industry

• Operators Seek State Of Emergency In Construction Sector By Nkasiobi Oluikpe / Lagos   Indications have emerged that most of the construction firms in the country will soon close shops and throw lots of their employees into the labour market due to the inability of the Federal Government to pay over N500 billion debts owed the construction companies. The president ...

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Nigeria Loses N900b Annually To Foreign Contractors – Omopeloye


With experience spanning across the public and private sector, former national chairman of the Nigeria Institution of Civil Engineers (NICE) and MD/CEO of Godspillar Engineering Company Limited, Amos Ade Omopeloye, in this interview with Nkasiobi Oluikpe, narrates that Nigeria loses N900 billion annually to foreign contractors despite having better locally qualified contractors. Excerpts: Since the official inauguration of NICE by ...

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Lagos To Intesify Efforts At Tackling Floods


By Nkasiobi Oluikpe –  Lagos   The rains are here again with its attendant anxiety for people who live in flood prone areas in Lagos. The low-lying topography of Lagos, the highest point said to be about seven metres above sea level, has made it highly prone to the devastating effects of flooding. Rainfall, which is supposed to be a ...

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Minister assures contractors of their payment

Mrs. Akon Eyakenyi, Minister of Lands and Housing

The Minister of Lands, Housing and Urban Development, Dr. Mrs. Akon Eyakenyi, has assured contractors who were in the Ministry last week to protest non-payment for work done for the ministry that payment for works done will be made to them as soon as money is received from the Federal Ministry of Finance. The permanent secretary, George Ossi, who stood ...

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Regulation of estate agency practice, possible – NIESV

Front row (from left) Azubuike Unigwe, Tunji Olugbodi, Patunola Ajayi-(NIESV firs vice president), William Odudu, Thomas Audu; back row: Kayode Ogunnubi, Kunle Adedeji-AEAN vice chairman, Chudi Ubosi – AEAN chairman, all participants at the conference

By Nkasiobi Oluikpe  – Lagos   The Nigeria Institute of Estate Surveyors and Valuers (NIESV) has stated that there was an urgent need to fine-tune the estate agents practices and procedures in Nigeria, through the institutionalisation of a professional regulatory body, towards achieving international best practice. This was made known at the first annual conference of Estate Agencies held at the ...

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