Real Estate and Construction Archives - Nairametrics https://nairametrics.com/category/industries/real-estate-and-construction/ Destination for Business news and analysis from Africa's largest economy Sat, 05 Jul 2025 10:00:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Real Estate and Construction Archives - Nairametrics https://nairametrics.com/category/industries/real-estate-and-construction/ 32 32 201037849 Lagos luxury neighbourhoods match global prices, lack services – Report  https://nairametrics.com/2025/07/05/lagos-luxury-neighbourhoods-match-global-prices-lack-services-report/ https://nairametrics.com/2025/07/05/lagos-luxury-neighbourhoods-match-global-prices-lack-services-report/#respond Sat, 05 Jul 2025 10:00:39 +0000 https://nairametrics.com/?p=518517 A new report has shown that luxury neighbourhoods in Lagos command property prices on par with global cities like London, Dubai, and Johannesburg, yet continue to grapple with basic infrastructure and service deficiencies, a new report has shown. 

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]]> https://nairametrics.com/2025/07/05/lagos-luxury-neighbourhoods-match-global-prices-lack-services-report/feed/ 0 518517 FG approves N17 billion for repair of fire-damaged Iddo Bridge after cost review  https://nairametrics.com/2025/07/05/fg-approves-n17-billion-for-repair-of-fire-damaged-iddo-bridge-after-cost-review/ https://nairametrics.com/2025/07/05/fg-approves-n17-billion-for-repair-of-fire-damaged-iddo-bridge-after-cost-review/#respond Sat, 05 Jul 2025 08:51:11 +0000 https://nairametrics.com/?p=518512 The Federal Government has approved N17 billion for the rehabilitation of the fire-damaged Iddo Bridge in Lagos, following a downward review from the initial N27 billion proposal due to cost-efficiency concerns and project scope. 

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]]> https://nairametrics.com/2025/07/05/fg-approves-n17-billion-for-repair-of-fire-damaged-iddo-bridge-after-cost-review/feed/ 0 518512 FG reviews proposal to replace Carter Bridge with N320 billion cable-stayed option  https://nairametrics.com/2025/07/05/fg-reviews-proposal-to-replace-carter-bridge-with-n320-billion-cable-stayed-option/ https://nairametrics.com/2025/07/05/fg-reviews-proposal-to-replace-carter-bridge-with-n320-billion-cable-stayed-option/#respond Sat, 05 Jul 2025 06:26:22 +0000 https://nairametrics.com/?p=518505 The Federal Government is reviewing a proposal to replace the ageing Carter Bridge in Lagos with a N320 billion cable-stayed structure, considered a more durable and cost-effective alternative to the N380 billion required for full-scale repairs.  

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]]> https://nairametrics.com/2025/07/05/fg-reviews-proposal-to-replace-carter-bridge-with-n320-billion-cable-stayed-option/feed/ 0 518505 ECOWAS development bank approves $100 million for 47.7km stretch of Lagos-Calabar project  https://nairametrics.com/2025/07/03/ecowas-development-bank-approves-100-million-for-47-7km-stretch-of-lagos-calabar-project/ https://nairametrics.com/2025/07/03/ecowas-development-bank-approves-100-million-for-47-7km-stretch-of-lagos-calabar-project/#respond Thu, 03 Jul 2025 14:16:03 +0000 https://nairametrics.com/?p=518414 The ECOWAS Bank for Investment and Development (EBID) has approved $100 million in funding for the construction of a 47.7-kilometre stretch of Nigeria’s Lagos-Calabar Coastal Highway. This segment, designated as Section 1, Phase 1 of the project, starts from Ahmadu Bello Way in Lagos. Construction began in March 2024 and is being executed by Hitech Construction […]

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]]> https://nairametrics.com/2025/07/03/ecowas-development-bank-approves-100-million-for-47-7km-stretch-of-lagos-calabar-project/feed/ 0 518414 Lagos Govt suspends BRT lane enforcement on Eko Bridge, Odo Iya-Alaro  https://nairametrics.com/2025/07/03/lagos-govt-suspends-brt-lane-enforcement-on-eko-bridge-odo-iya-alaro/ https://nairametrics.com/2025/07/03/lagos-govt-suspends-brt-lane-enforcement-on-eko-bridge-odo-iya-alaro/#respond Thu, 03 Jul 2025 06:13:55 +0000 https://nairametrics.com/?p=518381 The Lagos State Government has temporarily suspended enforcement of Bus Rapid Transit (BRT) lane restrictions on the Eko Bridge and Odo Iya-Alaro corridors to ease traffic congestion caused by ongoing repairs on the Ifako Bridge. 

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]]> https://nairametrics.com/2025/07/03/lagos-govt-suspends-brt-lane-enforcement-on-eko-bridge-odo-iya-alaro/feed/ 0 518381 Tinubu empowers ICRC to approve PPP projects under N20 billion without FEC approval  https://nairametrics.com/2025/06/30/tinubu-empowers-icrc-to-approve-ppp-projects-under-n20-billion-without-fec-approval/ https://nairametrics.com/2025/06/30/tinubu-empowers-icrc-to-approve-ppp-projects-under-n20-billion-without-fec-approval/#comments Mon, 30 Jun 2025 05:12:53 +0000 https://nairametrics.com/?p=518130 President Bola Tinubu has approved a new policy authorising the Infrastructure Concession Regulatory Commission (ICRC) to independently approve Public-Private Partnership (PPP) projects below N20 billion—removing the need for Federal Executive Council (FEC) clearance in such cases. 

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]]> https://nairametrics.com/2025/06/30/tinubu-empowers-icrc-to-approve-ppp-projects-under-n20-billion-without-fec-approval/feed/ 1 518130 FG declares State of emergency on Suleja-Minna Road  https://nairametrics.com/2025/06/29/fg-declares-state-of-emergency-on-suleja-minna-road/ https://nairametrics.com/2025/06/29/fg-declares-state-of-emergency-on-suleja-minna-road/#respond Sun, 29 Jun 2025 07:29:34 +0000 https://nairametrics.com/?p=518076 The Federal Government has declared a state of emergency on the Suleja-Minna Road, citing the deteriorated condition of the highway and long-standing failures by the original contractor, Salini Nigeria Limited.

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]]> https://nairametrics.com/2025/06/29/fg-declares-state-of-emergency-on-suleja-minna-road/feed/ 0 518076 Lagos Govt declares real estate practice without LASRERA registration illegal  https://nairametrics.com/2025/06/28/lagos-govt-declares-real-estate-practice-without-lasrera-registration-illegal/ https://nairametrics.com/2025/06/28/lagos-govt-declares-real-estate-practice-without-lasrera-registration-illegal/#respond Sat, 28 Jun 2025 20:07:07 +0000 https://nairametrics.com/?p=518072 The Lagos State Government has declared that it is now illegal to engage in real estate practice within the state without registration with the Lagos State Real Estate Regulatory Authority (LASRERA). 

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]]> https://nairametrics.com/2025/06/28/lagos-govt-declares-real-estate-practice-without-lasrera-registration-illegal/feed/ 0 518072 Governor Oyebanji pays N1.45bn to 195 landowners over Ekiti Knowledge Zone Project  https://nairametrics.com/2025/06/25/governor-oyebanji-pays-n1-45bn-to-195-landowners-over-ekiti-knowledge-zone-project/ https://nairametrics.com/2025/06/25/governor-oyebanji-pays-n1-45bn-to-195-landowners-over-ekiti-knowledge-zone-project/#respond Wed, 25 Jun 2025 07:00:56 +0000 https://nairametrics.com/?p=517830 Ekiti State Governor, Mr. Biodun Oyebanji, on Tuesday, presented cheques totaling over N1,450,000,000 as compensation to 195 indigenes (landowners) of Ijan, Awo, and Araromi Ekiti, whose land was acquired for the Ekiti Knowledge Zone project. 

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]]> https://nairametrics.com/2025/06/25/governor-oyebanji-pays-n1-45bn-to-195-landowners-over-ekiti-knowledge-zone-project/feed/ 0 517830 Jigawa Govt approves N19.6 billion for construction of 560 housing units  https://nairametrics.com/2025/06/24/jigawa-govt-approves-n19-6-billion-for-construction-of-560-housing-units/ https://nairametrics.com/2025/06/24/jigawa-govt-approves-n19-6-billion-for-construction-of-560-housing-units/#respond Tue, 24 Jun 2025 17:30:47 +0000 https://nairametrics.com/?p=517800 The Jigawa State Government has approved N19.6 billion for the construction of 560 mass housing units across nine local government areas. 

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]]> https://nairametrics.com/2025/06/24/jigawa-govt-approves-n19-6-billion-for-construction-of-560-housing-units/feed/ 0 517800 Governor Otu seeks PPP Investment for Bakassi $3.5 Billion Seaport Development  https://nairametrics.com/2025/06/22/governor-otu-seeks-ppp-investment-for-bakassi-3-5-billion-seaport-development/ https://nairametrics.com/2025/06/22/governor-otu-seeks-ppp-investment-for-bakassi-3-5-billion-seaport-development/#respond Sun, 22 Jun 2025 14:28:46 +0000 https://nairametrics.com/?p=517641 Cross River Governor, Senator Bassey Otu, has emphasized the need for Public-Private Partnership (PPP) investment to address Nigeria's infrastructure deficit, citing the ongoing $3.5 billion Bakassi Deep Seaport development. 

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]]> https://nairametrics.com/2025/06/22/governor-otu-seeks-ppp-investment-for-bakassi-3-5-billion-seaport-development/feed/ 0 517641 FG blames concessionaire over Lafia-Makurdi road flooding, cites poor maintenance  https://nairametrics.com/2025/06/21/fg-blames-concessionaire-over-lafia-makurdi-road-flooding-cites-poor-maintenance/ https://nairametrics.com/2025/06/21/fg-blames-concessionaire-over-lafia-makurdi-road-flooding-cites-poor-maintenance/#respond Sat, 21 Jun 2025 08:50:50 +0000 https://nairametrics.com/?p=517582 The Federal Government has blamed the recent flooding along the Lafia-Makurdi road on the negligence of the road concessionaire, China Harbour Engineering Company, citing poor maintenance and failure to clear debris from culverts as the immediate cause of the disruption. 

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]]> https://nairametrics.com/2025/06/21/fg-blames-concessionaire-over-lafia-makurdi-road-flooding-cites-poor-maintenance/feed/ 0 517582 FG awards contracts worth over N3 trillion for Lagos-Calabar Coastal Highway sections in Lagos, Akwa Ibom, and Cross River https://nairametrics.com/2025/06/19/fg-awards-contracts-worth-over-n3-trillion-for-lagos-calabar-coastal-highway-sections-in-lagos-akwa-ibom-and-cross-river/ https://nairametrics.com/2025/06/19/fg-awards-contracts-worth-over-n3-trillion-for-lagos-calabar-coastal-highway-sections-in-lagos-akwa-ibom-and-cross-river/#comments Thu, 19 Jun 2025 07:25:06 +0000 https://nairametrics.com/?p=517461 The Federal Government has procured contracts worth over N3 trillion for sections of the Lagos-Calabar Coastal Highway spanning Lagos, Akwa Ibom, and Cross River States. 

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]]> https://nairametrics.com/2025/06/19/fg-awards-contracts-worth-over-n3-trillion-for-lagos-calabar-coastal-highway-sections-in-lagos-akwa-ibom-and-cross-river/feed/ 1 517461 FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project  https://nairametrics.com/2025/06/19/fg-terminates-levant-construction-ltds-contract-on-benin-sapele-warri-road-project/ https://nairametrics.com/2025/06/19/fg-terminates-levant-construction-ltds-contract-on-benin-sapele-warri-road-project/#respond Thu, 19 Jun 2025 05:45:41 +0000 https://nairametrics.com/?p=517459 The Federal Government has terminated the contract awarded to Levant Construction Ltd for the reconstruction of Section 1 (Benin–Imasabor) of the Benin-Sapele-Warri Road due to project abandonment and non-performance. 

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]]> https://nairametrics.com/2025/06/19/fg-terminates-levant-construction-ltds-contract-on-benin-sapele-warri-road-project/feed/ 0 517459 FG inaugurates expanded committee to propose building oversight law and address collapse crisis  https://nairametrics.com/2025/06/19/fg-inaugurates-expanded-committee-to-propose-building-oversight-law-and-address-collapse-crisis/ https://nairametrics.com/2025/06/19/fg-inaugurates-expanded-committee-to-propose-building-oversight-law-and-address-collapse-crisis/#respond Thu, 19 Jun 2025 05:38:49 +0000 https://nairametrics.com/?p=517457 The Federal Government has inaugurated an expanded ministerial committee to propose national legislation that will strengthen oversight of building construction and address the recurring issue of building collapses across the country. The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, performed the inauguration on Wednesday, June 18, 2025. The committee comprises representatives from […]

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]]> https://nairametrics.com/2025/06/19/fg-inaugurates-expanded-committee-to-propose-building-oversight-law-and-address-collapse-crisis/feed/ 0 517457 Oyo Govt approves N63.4 billion to renovate Government House  https://nairametrics.com/2025/06/18/oyo-govt-approves-n63-4-billion-to-renovate-government-house/ https://nairametrics.com/2025/06/18/oyo-govt-approves-n63-4-billion-to-renovate-government-house/#comments Wed, 18 Jun 2025 20:12:14 +0000 https://nairametrics.com/?p=517454 The Oyo State Government has approved N63.4 billion for the comprehensive renovation and upgrade of its Government House structures in Ibadan. 

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]]> https://nairametrics.com/2025/06/18/oyo-govt-approves-n63-4-billion-to-renovate-government-house/feed/ 2 517454 Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC  https://nairametrics.com/2025/06/17/nigeria-urgently-needs-ppps-intervention-to-address-countrys-2-3tn-infrastructure-gap-icrc/ https://nairametrics.com/2025/06/17/nigeria-urgently-needs-ppps-intervention-to-address-countrys-2-3tn-infrastructure-gap-icrc/#respond Tue, 17 Jun 2025 13:10:16 +0000 https://nairametrics.com/?p=517364 The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, has stated that Nigeria urgently needs Public-Private Partnerships (PPPs) involving both local and foreign investors to address the nation’s $2.3 trillion infrastructure gap. 

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]]> https://nairametrics.com/2025/06/17/nigeria-urgently-needs-ppps-intervention-to-address-countrys-2-3tn-infrastructure-gap-icrc/feed/ 0 517364 Lagos Govt suspends building permits along Lagos-Calabar Coastal Highway corridor   https://nairametrics.com/2025/06/16/lagos-govt-suspends-building-permits-along-lagos-calabar-coastal-highway-corridor/ https://nairametrics.com/2025/06/16/lagos-govt-suspends-building-permits-along-lagos-calabar-coastal-highway-corridor/#respond Mon, 16 Jun 2025 20:14:01 +0000 https://nairametrics.com/?p=517312 The Lagos State Government has suspended the issuance of building permits along the Lagos-Calabar Coastal Highway route, citing the need to align the ongoing project with the state’s physical development plans. 

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]]> https://nairametrics.com/2025/06/16/lagos-govt-suspends-building-permits-along-lagos-calabar-coastal-highway-corridor/feed/ 0 517312 Block of flats dominate Lagos short-term rentals as swimming pools drive demand  https://nairametrics.com/2025/06/13/block-of-flats-dominate-lagos-short-term-rentals-as-swimming-pools-drive-demand/ https://nairametrics.com/2025/06/13/block-of-flats-dominate-lagos-short-term-rentals-as-swimming-pools-drive-demand/#respond Fri, 13 Jun 2025 05:58:17 +0000 https://nairametrics.com/?p=517122 Block of flats have emerged as the most commonly used property type for short-term rentals in Lagos, while swimming pools top the list of preferred amenities among guests, according to a new academic study. 

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]]> https://nairametrics.com/2025/06/13/block-of-flats-dominate-lagos-short-term-rentals-as-swimming-pools-drive-demand/feed/ 0 517122 Anambra Govt acquires land in Aguata, Orumba for new industrial city  https://nairametrics.com/2025/06/12/anambra-govt-acquires-land-in-aguata-orumba-for-new-industrial-city/ https://nairametrics.com/2025/06/12/anambra-govt-acquires-land-in-aguata-orumba-for-new-industrial-city/#respond Thu, 12 Jun 2025 17:53:07 +0000 https://nairametrics.com/?p=517105 The Anambra State Government is acquiring land in Aguata and Orumba to develop a new industrial city as part of its wider strategy to reposition the state for long-term economic growth and sustainability. 

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]]> https://nairametrics.com/2025/06/12/anambra-govt-acquires-land-in-aguata-orumba-for-new-industrial-city/feed/ 0 517105