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Our scorecard, by housing commissioner

Last Monday, Lagos State Commissioner for Housing, Gbolahan Lawal, presented his mid-term scord. The event was the yearly ministerial briefing in Alausa, Ikeja. He said to boost supply, his ministry has prioritised the completion of its housing estates and entered into a deal with the private sector to do so. He said the government had […]

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LCCI inaugurates new group, tasks stakeholders on standardisation

“To further address concerns in the real estate sub-sector, the Lagos Chamber of Commerce and Industry (LCCI) has inaugurated a new group for the sector, even as it tasked the stakeholders on the need to embrace best global practices for sustainable growth.”- The Guardian According to the chamber, while there are prospects in the real […]

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housing (1)

FISH Programme: 30,000 houses ready for early beneficiaries

According to NAN, Mrs Winifred Oyo-Ita, Head of Civil Service of the Federation, said that the Federal Integrated Staff Housing Programme (FISH) has recorded over 30,000 potential off–takers in the first quarter of 2017. Oyo-Ita said this at the 2017 FISH Housing Summit tagged: “Innovative Strategies for Affordable Housing”, on Tuesday in Abuja. She said that […]

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The Effect of Environmental Factors on Property Value

Environmental factors are largely responsible for property value. Man’s attitude towards the surrounding environment is not neutral because human beings search for locations that deliver a high quality of life. Those expectations particularly concern man’s daily surroundings, including residential areas or recreational grounds. The focus of this article is to analyse how environmental factors affect […]

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NIOB links building collapse to unrealistic projected time frames

AGAIN, the Nigerian Institute of Builders (NIOB) has reiterated the need for quick passage of National Building Code, by the National Assembly. The institute also attributed most of building collapse cases to what it called “unrealistic and sometimes, unprofessional projected time frame.” These were part of the resolutions arrived at during the 2017 edition of […]

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FMBN, REDAN, Shelter Afrique reach $2bn to tackle housing deficit in Nigeria

In the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and […]

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Taming monster of Lagos traffic: Overhead bridges, lay-bys to the rescue

Commuting from Victoria Island to Ajah, enroute Epe has been a nightmare for a long time. A journey of about one hour from CMS in Lagos Island to Epe, in the late 90s to the end of year 2010, suddenly became the proverbial Israelites’ journey. The continuous physical development along the Lekki Corridor, is mainly […]

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The Impact of Mobile Technology On Real Estate Buying And Selling

The real estate industry has struggled in the past years, with a nasty recession and housing bubble threatening the industry. But surveys have shown real estate icons are some of the most satisfied in the country—and the new technologies paving the way for their success means success for anyone looking to rent, buy, or sell […]

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housing (1)

Oyo-Ita to Speak on Affordable Housing at IUHF Congress in Washington DC

“The 30th World Congress of International Union for Housing Finance holding in Washington DC on June 25-27 2017 will discuss opportunities and risks of investing in mortgage debt, including cross-border investments, funding alternatives to international finances capital, and tackling housing affordability challenge. There will be high-level sessions with eminent plenary speakers drawn from different countries […]

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Lagos Rent-to-Own: 500 subscribers allocated housing units in three months

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and […]

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