Experts Urge Government Backing as Private Sector Alone Can’t Fix Nigeria’s Housing Deficit
Real estate experts have emphasized that private developers alone cannot bridge Nigeria’s estimated 28 million housing deficit without coordinated government intervention, policy support, and sustainable financing mechanisms. This position was…
Sanwo-Olu Urges Architects to Lead Fight Against Building Collapse in Lagos
Lagos State Governor Babajide Sanwo-Olu has called on architects and other construction professionals to uphold global best practices as a means of curbing the rising incidents of building collapse across…
Firm Flags Housing Crisis Among Young Professionals, Offers Flexible Rent Solutions
Real estate firm Rentmates has raised concerns about the growing difficulty young professionals face in accessing affordable housing in Nigeria’s urban centres, particularly in Lagos. Speaking to journalists in Lagos,…
Cement Industry Faces ₦1.12 Trillion Energy Bill Amid Rising Costs
Nigeria’s cement manufacturing sector faced a staggering rise in operational costs in 2024, with energy expenses soaring to ₦1.12 trillion an 87.4% jump from ₦598.14 billion recorded in 2023. The…
Julius Berger Begins Construction of Oloibiri Oil Museum in Bayelsa
Julius Berger Nigeria Plc has officially commenced construction of the Oloibiri Oil Museum and Research Centre in Otuabagi, Ogbia Local Government Area of Bayelsa State—marking a significant step in preserving…
Kwara Begins Land Mapping for FG’s Renewed Hope Housing Project
The Kwara State Government has commenced land mapping and acquisition across various local government areas as part of the Federal Government’s Renewed Hope Mass Housing Scheme aimed at providing 100…
Nigerian Engineers Sound Alarm Over Corruption and Contract Favouritism in PPP Projects
Nigerian engineers have raised alarms over rising corruption in Public-Private Partnership (PPP) projects. They say favoritism in contract awards is reducing trust in the system. Dr. Felix Atume, former Registrar…
Vietnam Attracts Surge in Global Real Estate Investment Amid Legal Reforms and Sectoral Growth
Vietnam’s real estate market is experiencing a surge in international investment, driven by legal reforms, infrastructure development, and the rise of new growth segments. According to industry stakeholders, the country…
28 Million Homes Can’t Build Themselves: Experts Urge FG to Step In as Housing Crisis Worsens
Private Capital Alone Can’t Solve Nigeria’s Housing Crisis Experts Warn At the launch of Shalom Park Estate Condominiums in Lagos, key players in Nigeria’s real estate sector sent a strong…
Jigawa Invests N19.6bn in New Housing Project Across Nine LGAs
Massive Boost to Affordable Housing The Jigawa State Government has approved N19.6 billion for the construction of 560 housing units. These homes will be built across nine local government areas…