DAILY TRUST NEWSPAPER (SEPTEMBER 8, 2024) Headline: Real Estate Valuation Critical in Tackling Building Collapse – Minister Minister of Housing and Urban Development, Ahmed Dangiwa, has called on estate surveyors and valuers to play a vital role in preventing building collapses through accurate property inspections. Speaking at the 2024 Valuers Assembly in Abuja, Dangiwa stressed the importance of fair property valuations for safer and more…
At OTIC Surveys Limited, we have always prided ourselves in our commitment to precision, efficiency, and client satisfaction which has been made possible through our use of advanced survey equipment. Recently, we sent out a team of four experienced surveyors to handle a topographic and detail survey for a new client in Victoria Island, Lagos Nigeria. This project showed us that when it comes to…
We have a solar-inverter powered COR(Continuously Operating Reference) station running 24/7 in Awka and I was invited by the Anambra state branch of the Nigeria Institution of Surveyors to talk to them about how COR station should be deployed for cadastral surveys in the state; so I made a presentation at their yearly Mandatory Continuous Professional Development (MCPD) titled “Integrating CORS Technology in Cadastral Survey…
DAILY TRUST NEWSPAPER (AUGUST 19TH, 2024) Headline: High Interest Rates, Inflation, Crippling Property Market – HDAN The Housing Development Advocacy Network (HDAN) has warned that high interest rates and inflation are slowing the real estate market across Nigeria. Executive Director Barr. Festus Adebayo cited rising building costs, driven by inflation and naira devaluation, as key factors. Real estate sales in cities like Abuja, Lagos, and…
A recent bathymetric survey we conducted for a colleague at the Yewa community in Ogun State has once again highlighted the importance of thorough and precise work in the field of surveying. Initially, we planned this survey as a one-day project, however, it was extended over two days due to the unexpectedly vast stretch of water, measuring approximately 13 kilometers in length. Despite the additional…
JULY 2024 REAL ESTATE NEWS ARTICLE PUNCH NEWSPAPER (JULY 1, 2024) Headline: Declare State of Emergency on Geographical Mapping, Surveyors Tell Govt. The President of the Nigerian Institution of Surveyors, Dr. Matthew Ibitoye, has called for a state of emergency on Nigeria’s geographical mapping. Speaking at the 58th annual general meeting in Edo State, Dr. Ibitoye emphasized that comprehensive mapping is crucial for national development…
Recently our team had one of the most amazing and smooth survey operations in Port Harcourt City. From the details of the area to be surveyed, the accommodations, down to transportation to the site were smooth. The client was also very cooperative and open to suggestions. We sent out a team of two experienced surveyors to carry out a bathymetric survey and seabed scanning operation…
BusinessDay Newspaper (June 17, 2024) Headline: Fresh Hurdles On the Way to Registering Property in Lagos Worry Investors Despite efforts by the Lagos State government to enhance real estate investment and streamline business operations, investors remain dismayed by the extensive property registration requirements. In January, Governor Babajide Sanwo-Olu launched a land administration portal aimed at expediting property registration, reducing corruption, and securing titles. However, real…
To give back to society, OTIC Surveys in partnership with JCI Lagos Coral recently carried out a Health Project “Project Life Line,” a comprehensive health initiative aimed at providing essential healthcare services and sustainable amenities to our communities, especially rural communities that have little or no access to health care facilities. This time, we took it down to the Obalende community in Lagos State.A key…
FIG 2024 Accra, Ghana has finally come and gone. The technical sessions, the networking, and the exhibitions were all good but I have not been able to shake off the feeling that FIG 2013 in Abuja, Nigeria was bigger and better(I am not trying to compare Nigeria and Ghana in any way). In 2013, the exhibition booths were bigger and better and I believe there…
