The Managing Director/CEO of Propertygate Development and Investment Plc, Mr. Adetokunbo Ajayi has identified the competitive edge of the company despite the challenges facing the real estate sub-sector in Nigeria. Speaking at the company’s Annual General Meeting, AGM, Ajayi who listed the key growth factors. He said the company would continue to wax stronger irrespective of the challenges militating against the real estate sector.

In spite of a case pending in court, the Federal Capital Territory Administration, FCTA through its Development Control, last week, pulled down a structure owned by a a non-governmental organisation, Sustainable Health Initiative, SHI. The property which is worth N85million was located at Katampe District near Abuja City Centre.

“ If government, for example, redirects the policy on pensions funds towards long-term loanable investable funds, it will create the necessary funds that will be put into this kind of construction bank and it will yield a great effect on the whole nation. There are unclaimed dividends, huge resources. If one trillion Naira only from the pensions fund is used to invest in this long term construction development, it will change the entire country dramatically; just to use it to do our railways reconstruction and roads.

Dubai property prices fell in April as a property index in the emirate turned negative for the first time in four years. The residential prices index started declining from the second quarter of last year – in line with the fall in oil and gold prices, according to Reidin, a property information company. The index dropped about 3 per cent in April from the same period last year, Reidin said.

Environment stakeholders have called on all industrial concerns, business prompters and governments across the world to embark on sustainable use of earth resources for the betterment of mankind. The call was made during a one-day programme organised by SMEFUNDS, Carbon Credit Network in partnership with the World Bank and United Nations Environment Programme, UNEP to commemorate this year’s Earth Day.