There is strong indication that the economy may be heading towards further growth as the Chartered Institute of Bankers of Nigeria, CIBN, assemble erudite scholars and core professionals from banks and other institutions at a public forum in Lagos, to examine some critical issues that will further improve the state of Infrastructure in the country.
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The Minister for Works and Housing Samuel Atta Akyea has pledged his unflinching support for Ghanaian architects and building developers who are pushing for the use of alternative materials, which reduce the negative impacts of building on the environment.
Works and Housing minister, Samuel Atta Akyea, has called on architects to embrace green building architecture so as to ease the cost in house construction.
Speaking at the second Ghana Green Building Summit organized by Yecham Property Consult in conjunction with the IFC-Edge Program, Mr Atta Akyea explained that government is ready to provide the needed funding and support to roll out greenhouses on a massive scale.
When people want to invest in real estate, they usually secure a loan to purchase a property – either residential or commercial. But there are other, more efficient and less costly ways to invest in the property sector. There are many benefits to direct real estate investment and it is easy to see why buying to let is an attractive investment option.
Global ratings agency, Fitch Ratings, says Nigeria will continue to experience a sluggish recovery, driven by the rebound in oil prices and the expansion of services. The Ratings Agency predicted that the country’s GDP growth would average 2.2 per cent in 2019-2020, below its previous 10-year average of 4.2 per cent
The Nigerian Bankers’ Committee has said it is approaching the National Pensions Commission (PenCom) and the entire pensions industry to allow it access 25 per cent of their N9.03 trillion liquidity (N2.25trn) under the Retirement Savings Account (RSA) to develop the mortgage and real estate industry.
The Ministry of Power, Works and Housing is to spend a total of N394.9 billion as its total capital expenditure from an allocation of N428.4 billion.
In the approved 2019 budget, the sum of N869.38 million was set aside a fund for the Mambilla Hydro Power project, N250 million for construction of 215MW LPFO/ Gas Power station Kaduna, N208.5 million for Kashimbilla transmission and N203.85 million for Fast Power Programme Accelerated Gas and Solar Power Generation
Nigeria’s pension fund assets under management rose 4.6 percent in the first quarter (Q1) of 2019, the National Bureau of Statistics (NBS) says. The assets rose to N9.03 trillion from N8.63 trillion recorded in 2018, NBS notes in a report released Thursday.
In furtherance of its plans to equip youths with in-demand skills for self-sustenance, the Edo State government, through the Edo Skills Development Agency (EdoJobs), has partnered the CADD Centre Nigeria in providing training for 100 Edo youths for project management and engineering design.
A major shake-up of the rental sector in Kenya is looming following the government’s latest plan to limit the amount that a landlord can demand for leasing a house or office to the State.
Treasury Secretary Henry Rotich says the government is negotiating afresh the cost of leasing property to cut its rental expenses in a move that will hurt landlords profiting from inflated charges.