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…
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…
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…
The process of conducting property surveys is often seen as a routine task, but the reality is that each survey presents a unique set of challenges. In the case of a recent property survey we conducted at Pakuro and Wawa in Ogun State, the survey team encountered several obstacles that added complexity to their work. From difficult terrain and dense vegetation to unexpected delays and…
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…
PUNCH NEWSPAPER (JULY 16th) Headline: Tinubu’s Mortgage Plan Will Fail with Current Economic Crisis – Expert The CEO of Pelican Valley Limited, Dr Babatunde Adeyemo in an interview with FATTEH HAMID while enumerating the challenges facing the industry, spoke about the proposed mortgage system that President Bola Tinubu mentioned as part of his campaign promises to Nigeria and why it will fail with the current…
