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…
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…
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…
BUSINESSDAY NEWSPAPER (APRIL 1, 2024) Headline: 94% of Lagos Properties Lack Legal Titles, Stakeholders Lament Industry experts in Nigeria’s building sector have expressed alarm over the staggering number of properties in Lagos State without legal titles. According to estimates, a whopping 94% of properties in the state lack proper documentation. The issue was brought to light during the launch of Edge Facility Managers in Lagos,…
If you are investing in real estate in Lagos or anywhere in Nigeria, please attention. These are some of the things people do and regret later. 1) Believe everything the seller says 2) Dont involve a surveyor and a lawyer 3) Don’t check whether the property is within the setback of a closeby canal, high tension, or other public utility. 4) Don’t ask about the…
BUSINESS DAY NEWSPAPER (FEBRUARY 13, 2024) Headline: Land Recovery Is at The Core of Efforts at Fighting Climate Change—FG The Nigerian government intensifies efforts to combat desertification, focusing on reclaiming lost land in the North. Minister of Environment, Balarabe Abbas Lawal, highlighted collaboration with the World Bank to address landscape degradation. The project, involving federal and state agencies, local governments, and civil societies, targets solutions…
Though Investing in property can be a great way to generate wealth, it is not without its risks. One of the biggest concerns for investors is the threat of demolition, which can leave them with worthless property and without compensation from the government. In recent times, there has been a surge in the demolition of buildings by the Nigerian government especially in Lagos, raising concerns…
PUNCH NEWSPAPER (6TH NOVEMBER) Headline: Follow Due Process in Building Demolition, Stakeholders Tell Govt. Stakeholders in the construction industry have urged the government to adhere to due process before demolishing buildings. At an advocacy program organized by the Building Collapse Prevention Guild and the Nigerian Bar Association in Lagos, legal experts emphasized the importance of following the law in building demolitions. Senior Advocate of Nigeria,…
PUNCH NEWSPAPER (OCTOBER 16TH) Headline: Land Reforms Will Unlock $300bn Dormant Capital – Minister The Nigerian government plans to unlock over $300 billion in “dead” capital in the housing sector through land administration reforms and collaborations. The Minister of Housing and Urban Development, Ahmed Dangiwa, outlined efforts to address the housing deficit and boost real estate investment. Reforms include amending the Land Use Act and…
Headline: Developers Seek Presidential Assent to Real Estate Regulatory Bill President Bola Tinubu has been urged by the Real Estate Developers Association of Nigeria (REDAN) to approve the Real Estate (Regulation and Development) bill recently passed by the 9th national assembly. REDAN maintained that the bill if approved will curb fraudulent activities in the business of real estate development and ensure that the sector…
