Take-It-Back Movement Protests Soaring Rents, Urges Government Intervention
A civil society group, Take-It-Back Movement (TIB), has raised concerns about the escalating impact of high rents on households’ income nationwide, urging government intervention to address the issue. As inflation continues to drive up the costs of major building materials, landlords and property
Leading estate developer calls for secure investment environment for real estate business in lagos
Landmark Africa, a major investor in Lagos real estate, is urging authorities to create a conducive environment for property developers and secure investments along the Atlantic Ocean beach corridor in Victoria Island, Lagos. The company emphasizes the need to protect the area from
Rising from Aspiration to Abandonment: The Untold Saga of Abuja’s Abandoned Malaysian Gardens
In the bustling heart of Abuja, Nigeria’s capital city, a haunting spectacle of abandoned buildings silently tells tales of shattered dreams, economic struggles, and bureaucratic hurdles. Once envisioned as symbols of progress and urban development, these structures now stand frozen in time, casting
Federal Government 2024 Housing Budget Falls Short of Tinubu Grand Promises
In a surprising turn, President Bola Tinubu recently signed N28.7 billion budget for 2024 has raised eyebrows, particularly concerning the allocation for the Federal Ministry of Housing and Urban Development (FMHUD). The budget, with N99,982,577,351 billion earmarked for FMHUD, has sparked criticism from
Delta State Government Presents Certificates of Occupancy for 3,747 Hectares of Land to Nigerian Navy
Governor Sheriff Oborevwori presented Certificates of Occupancy for a significant tract of land to the Nigerian Navy, earmarked for their forward operation base in Escravos, Warri Southwest Local Council of Delta State. During the formal handover at the Government House, Asaba, Governor Oborevwori
Governor Makinde: Demolishing Heritage Sites Won’t Address Housing Crisis
The Oyo State Commissioner for Lands recently claimed that the government is considering relinquishing the Ogunpa Dam Forest Reserve, housing the Agodi Parks and Garden, due to criminal activity within the area. This statement has drawn strong criticism, with many viewing it as
Affordable Housing Programme Unstoppable, vows Ruto
President William Ruto remains steadfast in his commitment to the Affordable Housing initiative, declaring it unstoppable. The head of state emphasised that he would not yield to pressure, dismissing what he referred to as “Distractions from those who do not wish for the
Federal Housing Authority’s 2024 Budget Allocates N776 Million for Affordable Housing Solutions
The Federal Housing Authority (FHA) has unveiled its ambitious plan for 2024, dedicating a significant portion of its budget towards providing affordable housing solutions for Nigerians. With an allocation of N776 million specifically earmarked for this purpose, the FHA aims to address the
China to increase credit support for rental housing market – c.bank
China will increase its credit support for the development and construction of rental housing, the central bank and the financial regulator said in suggestions on how to support the rental market issued on Friday. China will support commercial banks in issuing financial bonds
Abuja Court Orders Tenant’s Remand for Alleged Assault on Landlord
A dispute between a tenant and his landlord led to a significant legal development at the Kabusa Grade I Area Court in Abuja. Chris Okoye, a 44-year-old tenant residing at 2A Niger Avenue Villa Nova, Apo, faced charges of criminal conspiracy, intimidation, force,
