The Statistician-General, National Bureau of Statistics, Dr Yemi Kale, has called for data-driven policy approach to help provide the necessary impetus for the continued delivery of accurate, relevant and timely data.
From The WebReal estate, infrastructure, and other stories from different websites across the web.
Cape Town – South Africa suffered its worst decline in economic activity in a decade, in the first quarter of 2019 and one of the sectors contributing to this decline is the construction industry, witnessed by some long-established industry-stalwarts and household names being liquidated or placed in business rescue.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has kept the Monetary Policy Rate (MPR) constant at 13.50%. Also, other parameters such as Credit Reserve Ration (CRR), Liquidity ratio, and asymmetric corridor were equally held constant.
An agreement has been signed between CrossBoundary Energy, an investment fund that finances off-grid projects, and Jabi Lake Mall, an Abuja shopping centre, owned by the British investment fund Actis.
Nigeria suffers from a substantial dead capital problem, a large portion of which is contributed by the residential and agricultural real estate markets, according to Big Four accounting and advisory firm PwC. The firm reports that real estate in Nigeria holds as much as $300 billion in dead capital.
Apparently worried by increasing accommodation challenges among Nigerians, some concerned affordable housing advocates have mulled fresh ideas to deliver four million houses in four years. Throwing themselves in for the housing challenge and solution, they sought from the Federal Government an Executive Order or legislation backing them to build special estates across Nigeria.
Barrister Festus Adebayo is the convener of Abuja International Housing Show (AIHS) and president of Housing Development Advocacy Network (HDAN). In this interview with CHIKA OKEKE, he provided insight on why government should increase investment in housing sector among other issues.
Besides finance, property registration is a major challenge for real estate investors in Nigeria. Getting land documentation or titling in the country is very difficult, given the rigorous process, bureaucracy, corruption and the high cost of acquiring the title. As a result, PwC recommends that Nigeria can use block-based land titling initiative to unlock the…
Nigeria is one of the most expensive property markets in the world. It is the second most expensive in Africa after Angola and the reasons for this go beyond just the construction cost which is also a factor. Other factors some of which are extraneous include high cost of funds, government agency charges, and market …
At a time when infrastructure decay has become a major feature of Nigerian cities and house prices and rents are aiming for the roof-tops, living in the low-income and semi-urban areas in a crowded city like Lagos could be a huge challenge. Each of the three big cities in Nigeria, Abuja, Lagos and Port Harcourt…