The Journal

Property news, tips & advice.

Market trends, neighbourhood guides and practical know-how for buyers, renters and agents across Nigeria.

FCTA Alerts on Forged Title Documents

The Department of Land Administration (DLA) of the Federal Capital Territory, Abuja has informed the general public that it has discovered 140 forged title documents. Of these documents, 36 plots in the highbrow Asokoro District were affected, 12 in Maitama, while Gudu, Durumi, Utako, Katampe, Kado and some other districts were also affected. The DLA advised member of the public to verify land titles with it and not to patronise touts.

Bing 11 May 2011 · 1 min read

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News11 May 2011

FMBN, Experts Canvass Robust Mortgage Finance, Land Use Act Review

Indications have emerged that except there is a review of the nation’s mortgage system and amendment of the current Land Use Act, which often impact negatively on plans to shore up housing provision, the dream to deliver mass housing as being advocated may be a farce.

B Bing 5 min read

News10 May 2011

UNDP, GEF to Promote Energy Efficiency in Residential, Public Buildings

Citing federal government’s effort to improve energy supply in Nigeria and the need to scale up energy efficiency that will go a long way to reduce demand, electricity bills, Green House Gas emissions which would allow more citizens with access to electricity saved, the United Nation Development Programme (UNDP), Global Environment Facility (GEF) and the Federal Government of Nigeria is set to promote energy efficiency in residential and public sector in the country.

B Bing 5 min read

News10 May 2011

Participants Call for Land Use Act Review as Lagos Housing Fair Ends

The five-day annual Lagos Housing Fair ended at the weekend with a call by participants for the Land Use Act, which has been given various uncomplimentary descriptions by stakeholders, to be expunged from the constitution and reviewed. The fair which was the 11th in the series witnessed an array of exhibitors from both the private and public sectors, and also the cream of professionals in the built environment. With the theme, 'Access to Land and Housing Delivery' the fair, through paper presentations by experts in housing delivery and land management, examined factors inhibiting access to land and also highlighted strategies for promoting land administration, title documentation and land use planning.

B Bing 3 min read

News10 May 2011

FHA's Four-Year Action Plan Targets 106,000 Housing Units

The Federal Housing Author ity (FHA) has said that as part of strategies for realiz ing its mandate, it has come up with a four-year action plan aimed at delivering 106,000 housing units. The authority since inception 37 years ago has been able to deliver only 37,000 housing units in 76 states across the country by direct efforts. Bello Issa, FHA's executive director, estate services, who disclosed this in a paper he presented at the just concluded Lagos Housing Fair, also hinted that in 2001, the authority embraced public private partnership (PPP) as a complementary channel for housing delivery, adding that through this channel, about 2000 housing units have been delivered.

B Bing 3 min read

News9 May 2011

Lekki International Airport to Cost ₦102 Billion

The Lagos State Government has commenced plans to build the Lekki International Airport expected to cost N102 billion. The state Commissioner for Commerce and Industry, Adeniyi Oyemade, while addressing journalists during a press conference, said the airport upon completion, would cater for over five million passengers annually.

B Bing 2 min read

News9 May 2011

Land Grabbers in Ibeju Lekki!!

Save us from land grabbers, Aiyeteju community urges Fashola! The people of Aiyeteju village in Ibeju Lekki Local Government Development Area of Lagos State, have cried out over incessant invasion of the village by some suspected land grabbers in the past four years. The hoodlums were allegedly be

B Bing 3 min read

News9 May 2011

Stakeholders Urge Govt, Policymakers to Boost Housing Stocks

Seeing the possibility to break the endemic rising housing challenges, which Nigeria and her populace is currently wallowing in, construction industry experts and stakeholders have again called on the government to pursue a multi-dimensional approach towards solving the problem. Indeed, housing has remained an unfulfilled promise by several administrations as the nation at all levels, suffered absence of political will, dysfunctional institutional arrangements, policy summersault by various regimes and legislative impediments. It is on record that most governments, whether federal or state have repeatedly failed to deliver.

B Bing 7 min read

News9 May 2011

Experts Mull Over Lagos-Ogun Megacity Project

AMID the new political administration envisaged in Lagos and Ogun states, experts are already predicting better days for urban planning, especially within the mega city project areas. The state has been enmeshed in boundary dispute, which has affected infrastructural development in the border communities and physical planning activities. The town planners in every forum had heaped the blame on the authorities.

B Bing 5 min read

News5 May 2011

NITEL Board Approves Sale of NECOM House – Liquidator

The controversy surrounding the sale of the 37-storey NITEL building took a dramatic turn recently with the revelation by the liquidator of the NITEL/MTEL Pension Fund, Olusola Adekanola, that the board of NITEL approved the sale of the head office building – NECOM House. Adekanola, in a statement from his media and communication consultant, Kazie Uko, revealed that the list of NITEL’s non-core assets that were transferred to NITEL/MTEL Staff Pension Fund was prepared by a team of professionals working with NITEL management.

B Bing 3 min read

News4 May 2011

Landlords Slash Rent Prices in 1004 Estate Lagos

800 two and three bedroom flats (80%) of the 1004 flats in this estate entered into entered the Victoria Island market almost the same time in October 2010 with very high rent tags. Apparently responding to the credit crisis in the financial system however, landlords of the various flats at the estate have slashed the rents considerably.

B Bing 2 min read

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