real estate regulation

Lagos inaugurates committee on real estate regulation

Speaking during the inaugural meeting of members of the committee, the Special Adviser to Governor Sanwo-Olu on Housing, Mrs. Toke Benson-Awoyinka, explained that the committee’s mandate was to design a policy and fiscal framework, institute and promote global best practices in the sector. She said one of the lessons learnt from the outbreak of COVID-19 pandemic was the need to create and develop a...

Professionals jostle for burnt assets restoration, upgrading jobs

Professionals jostle for burnt assets restoration, upgrading jobs

Expectations were high at the weekend as professionals submitted proposals for the consultancy services for architectural, engineering and quantity surveying for the rebuilding of key burnt facilities in Lagos. The call for proposal was by Rebuild Lagos Committee, an entity empowered aftermath of the protest in October 2020 and re-configured into a corporate Public-Private Partnership (PPP) – Rebuild...

Edo govt to partner estate surveyors in 30-year devt plan

Edo state government has urged the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to partner in actualising the state’s 30-year development plan. Governor Godwin Obaseki, who received the 24th President of NIESV, Sir Emmanuel Wike and other members of the association, on a courtesy visit at the Government House, Benin City, described NIESV as a catalyst to the economic development of any...

Fed ministry fails to keep records of houses built, sold in six years

Fed ministry fails to keep records of houses built, sold in six years

• Over N250b received by the housing ministry • Housing agencies exonerate selves from poor bookkeeping • Anti-corruption agencies blamed for lack of monitoring • Sector reflects nation’s opaque budgeting, governance, says CSJ • Housing industry needs reform, audit, says CODE • Activists seek N’Assembly public hearing on ministry Despite budgeting billions of naira for new housing...

NIA plans for Lagos urban development

NIA plans for Lagos urban development

The Nigerian Institute of Architects (NIA), Lagos State chapter has stressed the need for collective responsibility to meet the Lagos urban development challenges. Chairman of the chapter, David Majekodunmi, said the call became necessary because the government lacks the capacity to do it alone. He stressed that the chapter would be dedicating the 2021 edition of its annual flagship programme, LAF...

Short-let Occupancy in Nigeria

The Future for Short-let Occupancy in Nigeria

Firm predicts 75% growth in short-let occupancy rate Lagos-based real estate firm, Shortlethomes has predicted over 75 percent growth in short-lets occupancy rates this year. The firm observed that the hospitality and travel industry has taken an unprecedented hit in bookings, with monthly decline in sales. According to him, the majority of property owners experienced zero percent occupancy rates...

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