Worried by the spate of building collapse in Lagos, members of the Lagos state branch of the Nigerian Institution of estate surveyors and valuers NIESV have taken the ‘fight’ to prevent building collapse in the state to Oba of Lagos, HRM Alaiyeluwa Rilwanu Akiolu 1 for his intervention.

Against the backdrop of the need to create new settlements, towns, boost socio-economic activities in rural areas and reduce rural-urban migration, Lagos state government plans to build 50 housing units in each Local Government Area of the state.

AGAINST the backdrop of Nigeria’s low ranking on the World Bank’s business index which is attributable to service delivery issues and bureaucratic bottlenecks, there is a need to put in place systems and policies that will create a one-stop shop to facilitate unhindered and secured access to all factors of production particularly land.

BUILDING materials constitute a key element in housing construction.

Against the backdrop of the need to create new settlements, towns, boost socio-economic activities in rural areas and reduce rural-urban migration, Lagos state government plans to build 50 housing units in each Local Government Area of the state.

MEMORANDUM of Understanding (MOU) for the take off of the construction of the 4th Mainland Bridge, Lagos may be signed this month, according to Lagos state commissioner for Works and Infrastructure, Ganiyu Johnson, an engineer.

CLUTTONS, a leading firm of international real estate consultants, has noted that there has been an overall slowdown in activity in Lagos’ commercial real estate market, with rents either stagnating or declining across most segments of the sector. Cluttons’ Spring 2016 Lagos Commercial Property Market Outlook report attributes the weakness to the adverse global and domestic economic environment, which is in turn fuelling challenging trading conditions.

Against the backdrop of a call by Ms. Funke Aboyade, a Senior Advocate of Nigeria SAN, urging homeowners and residents in all the estates built by Lekki Gardens Homes Limited to file a class action to seek judicial reprieve following the uncertainties surrounding the firm because one of its buildings under construction collapsed in Lekki recently, the residents and homeowners under the aegis of Committee of Lekki Gardens Residents’ and Homeowners’ Associations, have disclaimed the call.

The Senate President, Senator Bukola Saraki has called on estate surveyors and valuers to evolve strategies that would check corruption in the real estate sector, reiterating National Assembly’s resolve to stimulate urban development in the country through oversight function and effective legislation.

The Food and Agriculture Organization of the UN says Nigeria loses about 350,000 to 400,000 hectares of land per year to deforestation.

The Nigerian real estate market has been hampered by the general lull in the nation’s economy with most operators now struggling to remain in business.

Against the backdrop of alleged corruption in the public procurement system in Nigeria, the principal partner of Etudo & Co, a Lagos-based firm of estate surveyors and valuers, Ebube Etudo, a chief, has called for a total overhaul of the Bureau of Public Procurement, BPP.

THE Quantity Surveyors Registration Board of Nigeria, QSRBN, has said that there is urgent need to develop templates for determining costs of building projects in the country if the implementation of the 2016 budget is to be felt in the construction industry.

LAGOS, which the state government considers a work in progress mega-city, is not new to buildings collapse having recorded several tragedies in that regard in the past several years. Indeed Lagos was once again in the news over another tragedy following last week Tuesday collapse of a five-storey building in Lekki Gardens in Lekki area at the state that the over 30 lives.

THE Executive Director, Grenadines Homes, a Lagos-based front line real estate development company,Mr. Adesope Adeyinka, has urged stakeholders in the nation’s real estate sector to see Nigeria’s housing need as cutting across various economic strata, adding that they should not be misguided by the belief in certain quarters that housing need is limited to the middle class.