Why completing abandoned buildings for habitation is dangerous —Experts
Completing abandoned uncompleted buildings for habitation carries major safety and financial implications including structural degradation and high renovation costs. To ensure the buildings are safe for use after their completion, the issue of structural degradation and others must be adequately addresed, according to construction experts.
Why property is a hedge against inflation – Experts
Nigeria’s inflation rate according to statistics released by the Central Bank of Nigeria, CBN, rose to 12.9 percent in April 2012. As the inflation marches forward every year, the fear is that people’s buying power will diminish if their investments do not appreciate as quickly as the cost of what they buy.
FERMA’s Ijora asphalt plant ready in June
The Executive Director in charge of Engineering Services at the Federal Roads Maintenance Agency FERMA, Mr Hassan Mohammed has assured that the multi-million Naira 80 tonne per hour asphalt plant being constructed by the agency at its Ijora, Lagos office would be ready by the end of June, 2012.
Dangote, 13 others vie for FCT Land Swap Scheme
A total of fourteen investors are vying for the Federal capital territory’s land swap scheme geared towards the provision of affordable housing in the territory. Top on the list is Nigeria’s Dangote Group Plc and Edimo Gruppo of Italy.
Eko Atlantic City: Lagos, developers allay fears of coastal erosion
Against the backdrop of criticisms that have trailed the ongoing development of Eko Atlantic City on an expansive parcel of land reclaimed from the Lagos Bar-Beach, the Lagos State Government and South Energyx Limited, developers of the nine million square metres city, weekend, rose in stout defence of the scheme, saying the project’s Environmental Impact Assessment, EIA, shows that the envisaged dangers have been taken care of.
Lagos generates 3.8bn from land use charge
The Lagos State government generated about 3.8 billion from the Land Use Charge last year.
