EBONYI STATE HOUSE SET TO INVESTIGATE COLLAPSE OF CENTENARY HOUSE.

The Ebonyi State House of Assembly has begun probe into the collapse of a 60 million centenary tower under construction in Abakaliki the state capital.

The Committee on Works has swung into action to uncover the remote and immediate causes of the collapse of the edifice, which is presently perceived as a huge embarrassment to the government and people of the state.

Every worker that was involved in the construction, especially the contractor and the state Ministry of Works, have been summoned to make statements on the matter.

FIABCIU URGES NIGERIAN GOVERNMENT TO REVIEW REAL ESTATE POLICY.

The World President of the International Real Estate Federation, FIABCI, Mr Flavio Gonzaga Nunes, has obliged the Federal Government to review the sector’s policy in order to hasten the development of real estate in Nigeria.

Nunes attesting to the fact that the real estate is a slow developing process, however advised the government to fast-track its activities in ensuring that there is massive improvement in the sector in years to come.

Using OLOJA ESTATE as a case study; this is an estate that has been proposed, kicked off in compliance  with all necessary policies in real estate operating Nigeria and the world. For more information on OLOJA ESTATE  please call 08033979778 or visit http://goo.gl/OEUzTn.

LAFARGE INTRODUCES; 'BUILDING BETTER CITIES' PROGRAM.

A major player in the cement industry, the Lafarge Group, aggregates and concrete business, has restated its commitment to urbanization through its ‘Building better cities’ programme. The group said contributing to building better cities was its ambition, which was driving its innovation and embedded in its modernized logo. It said in a statement on Thursday, “Lafarge has placed innovation and performance at the heart of its strategy. Its ambition is to contribute to building better cities by developing value-added products and construction systems, as well as solutions and services to meet some of the great challenges of urbanization. 

PHOTOS FROM YOMI CASUAL'S HOUSE WARMING PARTY.

Omoniyi Makun, popular designer known as Yomi Casual, and the younger brother of comedian AY,  got himself a four bedroom duplex in Lekki some weeks back and had a small house warming party on Sunday May 4th. A Designer is a glorified  name for a 'Tailor'. If he can write his name on the list of property owners in Lekki why can't you do the same in OLOJA ESTATE in Epe while you can afford to. For more information on OLOJA please call 08033979778. Please more pictures after the cut...

STAKEHOLDERS EXPRESS FEAR OVER PROPERTY BUSINESS IN ABUJA.

Stakeholders in the capital city of Nigeria, Abuja, have said that the real estate business may be jeopardized by the recent terrorist attacks on the city.

Reports reveal that the profligacy and flamboyant life styles of the political class and their cronies have also helped to accentuate the assumption.

With the spate of bombings in the territory, especially the most recent being the dual strikes on Nyanya, stakeholders fear that the city may begin to experience a downturn in property business.

According to them, a lot of people, particularly those living in the suburb are already contemplating relocation, irrespective of the financial prospects in the city.But we here at GOT Formation Limited are offering all opportunity to invest in real estate in lagos with out the fear of vandalism by radicals. There are lands to be given away @ OLOJA ESTATE just indicate interest and its your.For more information please call 08033979778. 

REDAN TO PROVIDE AFFORDABLE HOUSING.

President of the Real Estate Developers Association of Nigeria (REDAN), Samuel Afolayan, has restated the commitment of the body in providing mass and affordable housing for the downtrodden of the society.

According to him, the massive shortfall in the housing stock was a source of serious concern to members of the association, hence, the need to create the enabling environment that would facilitate the provision of mass housing for the people.

According to him, REDAN as a major player in the construction sub-sector of the economy should be proactive in issues concerning housing provision.

LAGOS STATE GOVERNMENT HAS BEEN ADVISED TO REPAIR BAD ROADS BEFORE RAINY SEASON.

The Lagos State Government has been urged to ensure that most of the bad roads in the state were rehabilitated before the rainy season sets in fully.

According to reports, the life span of any road is not expected to be more than 25 years, but many of the roads in the state have gone past their prime.

A motorists, Balogun Olushina, said that most of the roads in the hinterland, have gone completely bad, adding that this development has resulted in heavy traffic along these routes.

PAUCITY OF FUNDS, OTHERS AFFECTING INFRASTRUCTURAL PROJECTS.-LASG .

The Lagos State Government has explained that its infrastructural provision efforts are being constrained by some factors beyond its control, including paucity of funds, difficult topography and poor attitude by residents. The Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat, said during his ministry’s yearly press briefing in Alausa, Ikeja on Wednesday that more could have been done if the state had access to more funds, noting that the many projects were competing for the available resources. According to him, the state’s topography poses major challenges to infrastructure development, especially as it concerns roads construction, adding that the government was constantly conducting soil tests with the result that many road projects were often subject of massive soil replacement, a situation that had enormous cost implications.

FEDERAL LIES! FG RESERVES N8.3 Bn FOR CONTRUCTION OF HOUSING UNITS.

Minister for finance and the coordinating minister for the economy, Ngozi Okojo-Iweala recently said that the Federal Government has set aside the sum of N8.3 billion for the provision of housing units.

According to her, this is line with the vision of the Goodluck Jonathan administration to provide affordable housing for the masses.

On the other hand, stakeholders have expressed fear that the type of house units that would be built may end up eluding those it was originally meant for, judging from past experiences where houses that were supposed to be for the down trodden, were taken over by the opulent and later rented out to the poor at exorbitant cost.

How long will the government continue this lies,deceit,fraud etc. Do not believe any word of it.You can own your own land @ OLOJA ESTATE and pay at your convenience.For more information please call  08033979778.

SUSTAINABLE URBAN INFRASTRUCTURE CAN FORSTER ECONOMIC GROWTH,SAYS UN REPORT.

Developing sustainable urban infrastructure benefits not just the environment, but can also boost economic growth and social stability, according to a United Nations report released last week, which stresses the need to transition to resource-efficient technologies in cities, given scarce natural resources. The report, ‘City-Level Decoupling: Urban Resource Flows and the Governance of Infrastructure Transitions,’ argues that sustainable city infrastructures can sustain economic growth while using fewer resources. Around three-quarters of the world’s natural resources are already consumed in cities, and the proportion of the global population living in urban areas is set to rise to 70 per cent by 2050. The study says much greater effort is needed to support new and improved infrastructure for water, energy, transport, waste and other sectors – generally located in and around cities – to wean the world off unsustainable consumption patterns, and avoid serious economic and environmental implications for future generations. For instance, the report says that the introduced a Bus Rapid Transit (BRT) system in Lagos, Nigeria has contributed to a 13 per cent drop in carbon emissions from urban transport. Around a quarter of commuters on the route use the service and journey times have been cut by up to 50 per cent.

MINISTER PLEDGES GOVERNMENT SUPPORT FOR BUILDING MATERIALS FIRMS.

With the introduction of technologically advanced wire rod and alloy steel long product rolling complex for manufacture of value added coils by Messrs Sand and Sun Industries Limited, a new dimension may have been added to the history of steel business in the country. The launch of commercial production of mild steel wire rod in Nigeria by the firm was part of forward integration of the processes and boost to export of Ferrous and Nonferrous alloys (aluminium alloys, copper alloys, Tin alloys, lead alloys and Wire rods).

FALANA SEEKS JUSTICE OVER ABUJA LAND DEAL.

In a bid to get justice, a Lagos based human rights lawyer, Mr. Femi Falana (SAN), has petitioned National Judicial Council (NJC) and the Chief Judge of the Federal Capital Territory High Court, Abuja, Justice Lawal Gummi over the ownership of a landed property located in Asokoro area of the Federal Capital Territory (FCT). In two separate petitions, Falana sought investigations into the circumstances under which a judgment delivered over the ownership of the land was executed. The petitions were written on behalf of Mr. Imonkhuede Ohikhuare, whom he said was the owner of the land and the N1bn property built on it. - See more at: http://bizwatchnigeria.ng/falana-seeks-justice-petitions-njc-over-abuja-land-deal/#sthash.MWxa8jOQ.dpuf

ZAMFARA SETS UP COMMITTEE TO COMPENSATE LAND OWNERS.

Following Federal Government’s approval for a University in Gusau, the Zamfara State government has constituted a committee for the assessment of farms, lands, and trees for the payment compensation to landowners within the proposed site. The formation of the committee was contained in a statmene issued by the State’s Commissioner for Lands and Survey, Lawal Jibril Jangebe. Reports indicated that the committee was approved by the state governor, Abdul’aziz Yari Abubakar. 

FEDERAL GOVERNMENT TO INAUGURATE N960bn WORKERS HOUSING SCHEME.

Reports have revealed that President Goodluck Jonathan will on Wednesday inaugurate the N960 billion housing scheme for affordable accommodation for Nigerian workers.

It was gathered the housing scheme partnership between the NLC and the private property developer, Kriston Lally EPC Nigeria Limited will be for Nigerian workers in all the 36 states including the FCT.

Comrade Abdulwahed Omar, President of Nigeria Labour Congress (NLC) and Alhaji Mustapha Madawaki, the Managing Director of Kriston Lally EPC, disclosed last weekend said the housing scheme to be launched same day would be for members of the labour union that indicate interest in the scheme.

OGUN STATE STEP UP CONSTRUCTION PROJECTS.

Set to redefine the state’s land value as well as encourage investments, the Ogun State Government has speed up several construction projects under its urban renewal scheme. The state urban renewal programme has had its cost as some properties had to be demolished. “There will be loss of property by some people to create right of way for the new roads. Vehicular and pedestrian movement will be slowed down around the construction sites. Many people whose homes and businesses are beside the roads may find it difficult to access their premises. Many property owners voluntarily demolished their structures once they are marked to be affected by the road construction,” according to senior government officials.

CONSTRUCTION AT LEKKI FREE ZONE AFFECTS PROPERTY VALUE.

Lekki Free Trade Zone, a global business haven along the Lekki-Epe Expressway, Lagos State, has become a thriving real estate market since Dangote Group and Progress Maritime Limited commenced the construction of their refinery-cum-petrochemical plant and tank farm development, respectively.

Reports gathered reveal that the construction of the Dangote refinery attracted to the area, Progress Maritime Limited and others, including Obat Oil and Eko Resort.

The developments have created a boom in the property market in Ibeju Lekki and the Lekki Free Trade Zone area.

But we don't seem to understand that we are going the same road we went years ago when all the oil companies moved into Apapa.I don't know what we should be happy about. How can humans leave close to refineries,tank farms and petrochemical plant?This is hazardous and in my honest opinion Land in that area are suppose to experience  devaluation sharply, what do you think?

Landlords in Ibeju Lekki it's time to make that switch to OLOJA ESTATE in Epe. Stay far away for such polluted environment while you can. For more information please call: 08033979778.

RESORT SAVINGS TARGET 2753 HOUSING UNITS IN FIRST HALF OF THE YEAR.

Resort Savings and Loans Plc will deliver more than 2,753 housing units in Lagos and Ogun States in the first half of this year.
Managing Director, Resort Savings and Loans Plc, Mr Abimbola Olayinka, said the housing units would be built under mortgage terms as part of efforts to make housing affordable for Nigerians.
According to him, the 2,743 housing units will include the current development of the Resort Estate Ofada, with over 400 housing units, tastefully finished two and three bedroom terrace bungalows, which Nigerians will be able to access at affordable prices. Another is the Resort Pearl Garden Sangotedo, which will have at least 80 housing units.
He noted that it its bid to strengthen its position in the housing sector, the bank is partnering with a lot of developers in either financing their projects or providing mortgage facilities to the off-takers at affordable interest rates.
Giving an insight into the existing and on-going projects and partnership with developers, Olayinka added that some of these estates include the Teju Royal Garden Estate Okokomaiko, which has over 600 housing units of one and two bedroom terrace bungalow, three bedrooms semi-detached and three bedrooms fully detached bungalows. Apart from the accessibility of the estate due to the current development of the Lagos-Badagry Express Road as well as the proposed Rail track to link Marina Lagos end, the price of the houses are very affordable.
He outlined other where the bank has on- going projects and partnership to include the Dreamville Estate, Owode –Ibese road, Ikorodu, which has over 120 housing units in various stages of development, Dabis Royal Estate off Allen Avenue Ikeja, South-drift in Lekki and Gracious Gardens among others.
He noted that the bank has been able to bridge the housing gap by creating over 4,000 housing units in recent period.

FG DID NOT FORESTALL WORK ON SECOND NIGER BRIDGE.-MINISTER.

The minister of environment, Mrs Lawrencia Mallam has described as false media reports quoting her to have said the federal government kicked off work on the construction of the 2nd Niger Bridge without consideration for the Environmental Impact Assessment Law (EIA) and that the ministry has consequently stopped work on the project.

The Minister in a statement signed by the ministry’s deputy director, press, Mr Ben Goong, said there was no record in the Ministries of Environment or Works or the consortium handling the project indicating that the minister of environment has suspended work on the 2nd Niger Bridge.

The statement read: “ At the press conference which held on Friday the 25th of April, 2014 at the instance of the courtesy visit of the Turkish Construction Forum on the minister, His Excellency, the Turkish Ambassador to Nigeria told the minister that his country is interested in seeing that Turkish Construction Companies operating in Nigeria comply fully with the environmental laws of Nigeria.”

“In response to that statement, the minister of environment, Mrs Laurentia Mallam told the visiting delegation that the Nigerian government has placed a high premium on environmental issues, and that is why government itself has to follow due process by obtaining an interim certificate of Environmental Impact Assessment on the 2nd Niger Bridge”.