Category Archives: Real Estate

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Lagos State plans N1.7b estate

The Lagos State Government  is  constructing an estate at  Agbowa in Ikosi-Ejirin Local Council Development Area (LCDA) of the state to accommodate evacuees from blighted areas.

There have been severe cases of flooding, which sacked communities along the coastlines and water belt, leading to loss of lives and properties.

As an interim measure, the government evacuated many of the affected residents to temporary sites until it is safe for them to return home.

But the state government seems to have found a solution to the challenge by building a large estate to accommodate those who may be affected in future.

Commissioner for Housing, Mr Bosu Jeje said the estate consists of 70 blocks of one, three and three-bedroom flats with 15 blocks of terrace building.

Flag of Lagos State

Flag of Lagos State (Photo credit: Wikipedia)

He said the government’s initial plan was to build the estate at Ado-Ikosi, but it had to change its mind to go to the present site based on the outcome of a test to ascertain its suitability.

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Lagos State introduces the Medical Village – Around Alausa

Despite the problems the health sector finds itself in, the state government is introducing a set-up similar to the Dubai Healthcare Centre (DHCC) where complete professional medical services can be provided.

With the brain drain of Nigerian medical experts to foreign countries, we have been depleted in terms of available professional services. The present face-off between the Lagos State Government and the doctors is escalating an already problematic situation which could cause more harm than good.

However, despite the conundrum the sector finds itself in, the state government is introducing a set-up similar to the Dubai Healthcare Centre (DHCC) where complete professional medical services can be provided. The project, called Medical Village, has been earmarked for development in Lekki Schemes I and II under the supervision of the New Towns Development Authority (NTDA). 
The Scheme I project is a Medical Centre built on 3000sqm of land with a large enough parking lot located along T.F. Kuboye Street. The total land area for the project, including the construction of public institutions beside it, is about 0.43 hectares. The development in Lekki Scheme II along the road to Ogombo Village is more representative of the DHCC concept. According to the layout plan, it consists of two medical centres, 17 medical plots of 1000sqm, a school, a shopping centre and a public utility company along with spaces for recreational use and gardens. The whole development will be built on about 5.08 hectares with a total of 24 plots of various sizes for the different structures.
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FMBN introduces e-collection platform for NHF contributors

FOLLOWING sharp practices by some unscrupulous employers of labour to misappropriate National Housing Fund (NHF) monies or even embezzle such funds, the Federal Mortgage Bank of Nigeria (FMBN) has launched an electronic platform for collection of deductions, which is expected to boost transparency, sustainability, reliability and acceptance of the scheme.

Christened NHF e-collection platform, the device makes it possible for NHF deduction, collection and remittance to be done electronically by all designated commercial banks in Nigeria through their existing information technology structures.

Over N100billion revenue accrued to the NHF scheme is lost annually due to unlawful practices by some employers especially failure to effect statutory deductions and failure to remit deductions to FMBN.

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IMAGES: http://www.fmbnigeria.org

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Is Nigeria ripe for social housing? By OKWY IROEGBU-CHIKEZIE

For many Nigerians, housing is a big problem.They cannot afford to rent a house let alone build one. Presently, there is a housing gap of 16 million. How does the country bridge the gap? This is the thorny issue to which the government seems not to have an answer.

Those who cannot afford a roof over their heads are those who don’t earn income. These are the elderly, single parents, orphans and the unemployed.

In the United Kingdom(UK), such people are catered for under the concept, they are provided free housing. Can Nigeria adopt the same concept. Going by officialdom, it is not likely.

Rather than do that, it is yeilding the ground to the sector to drive the process.

Minister of Land, Housing & Urban Development Ms Ama Pepple said in Lagos at the induction of 97 registered surveyors by the Estate Surveyors Registration Board of Nigeria (ESVARBON).

She said the Federal Government is set to revitalise the housing sector by coming up with policies and a regulatory framework to enable the private sector to operate.

Ms Pepple disagreed with those who refer to social housingas the delivery of free houses to the public, especially as the nation is concerned. She argued that the place of government is to provide an enabling environment for the private sector to excel.

Lagos Island and part of Lagos Harbour, taken ...

Lagos Island and part of Lagos Harbour, taken from close to Victoria Island, looking north-west (NB this is not Ikoyi Bay as wrongly labelled elsewhere) (Photo credit: Wikipedia)

The minister, represented by the Federal Controller of Lands, Housing & Urban Development in Lagos, Mr Onaeko Olayinka, said the government is supporting social housing by ensuring that houses are produced in large numbers, cheaply and at the highest quality to the benefit of the low income group.

On the types of house the government is looking at that can ensure mass housing, she said the government is looking at the options available in alternative materials that will de-emphasise the use of cement.

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