News by Country
Published stories attached to Nigeria.
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A Nigerian developer argues that cheap land on the outskirts of Lagos and Abuja cannot deliver affordable housing on its own, because developers still absorb infrastructure, construction and financing costs.
The Apapa GRA Residents Association wants Lagos State to suspend permits for warehouses and commercial developments in the estate, saying the approvals are changing the character of the low-density residential area without consultation.
Lagos State says it will provide sustainable infrastructure across government-owned housing estates, including a shift to solar power for sewage and water treatment plants to cushion rising electricity tariffs.
Former REDAN president Aliyu Wamakko has described real estate as a conduit for money laundering, urging the government to cut cement taxes and consider subsidies while calling for passage of the Real Estate Regulation and Development bill.
Crown Allied Global Realty & Homes has launched 'The Embassy', a 2,400-unit solar-powered estate on 101 hectares in Wasa District, Abuja, as developers step up efforts to narrow Nigeria's housing deficit.
Real estate developer David Assogba-Lissassi says the cost of bank finance, land, materials and labour, together with weak regulation, is stopping developers from delivering affordable homes in Nigeria.
The GIDI Company has begun construction of a social housing project offering free accommodation to vulnerable and displaced women, including widows, funded partly from its commercial real estate profits.
Lagos State says structured public-private partnerships will be central to closing a housing deficit that has risen to 3.4 million units and requires an estimated N6 trillion in annual investment.
CityGate Group has awarded MetroDec Engineering the contract to build its CityGate Towers and Villas development in Asokoro, Abuja, a project planned around three 12-storey towers and seven villas.