Tag: law


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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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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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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Lagos chamber tasks NASS on real estate bills

The Tide reports that the Lagos Chamber of Commerce and Industry (LCCI) has appealed to the National Assembly to pass the numerous real estate bills before it to boost the growth of the sector. Its President, Mrs Nike Akande,  made the appeal at the inauguration of the LCCI Real Estate Group in Lagos, Friday. Akande […]

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Residents urge court to withdraw warrant on Magodo Phase II

The last is yet to be heard over a dispute surrounding the acquisition of Magodo Phase II land by Lagos State Government, as residents, mostly property owners and Shangisha Landlords Association are now in loggerheads on the recent warrant of possession signed by Lagos Chief judge, Justice Oluwafunmilayo Olajumoke Atilade that empowers the association to […]

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Group trains 550 on climate change in Cross River State

Worried by the level of deforestation and ignorance on climate change, a non-governmental organisation has trained about 550 persons on how to sustain the forest and its environment in Cross River State. Organised by Wise Administration of Terrestrial Environment (WATER) with support from Forest Carbon Partnership Facility and Mainyoito Pastoralist Integrated Development Organisation, the programme held […]

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Fashola challenges CORBON to end building collapse

“The Minister of Power Works and Housing, Babatunde Fashola Thursday challenged the Council of Registered Builders of Nigeria (CORBON) to end incessant building collapse in the country. Fashola said during the council’s 15th induction ceremony, held in Abuja that the situation had reached an embarrassing proportion, thus needed a complete overhaul. He stated that since […]

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