SPEAKER, House of Representatives, Abbas Tajudeen has warned that climate inaction could cost Nigeria up to 30 per cent of its Gross Domestic Product by 2050 equivalent to about $460 billion. The Speaker said the impacts of climate change are already being felt across the country with serious economic and environmental consequences, while calling for…
The leading property consultancy and advisory firm, Dewale Consulting, in collaboration with other firms across Africa, has curated a platform tagged ‘Gateway to East Africa’, which is aimed at providing meaningful dialogue for investors who earn in U.S. dollars to secure a stake in some of Africa’s most dynamic economies. Speaking during the event at…
The Federal Government has announced plans to make the National Housing Data Centre (NHDC) fully operational by December 2025, in a move expected to transform Nigeria’s housing and real estate policy landscape through accurate and evidence-based data. Coordinated by the Federal Ministry of Housing and Urban Development (FMHUD), the initiative aims to harmonise housing statistics…
To deliver real-world impact and address the urgent climate crisis, innovations are needed to be unleashed, global authority for project professionals, Project Management Institute (PMI) has said, adding that the world can’t afford to keep innovations in experimental labs. Chief Marketing Officer at PMI, Menaka Gopinath, spoke against the background of the release of a…
Nigeria as well as other countries in tropical Africa need to close an annual forest finance gap of $66.8 billion, according to a new United Nations Environment Programme (UNEP) analysis. This was disclosed at the launch of the ‘Forest Finance Roadmap for Action’ by Forest & Climate Leaders’ Partnership (FCLP) – a focused effort of…
By Ajibola Akindele West Africa continues to experience phenomenal growth; in fact, in according to research and visualisation mapping tool, Africapolis the region is undergoing one of the fastest urban transitions in the world. Cities like Lagos, Accra, and Abidjan are driven by population growth, rural-to-urban migration, and economic shifts. By 2050, Africa’s urban population is expected…
Minister of Works, David Umahi, has announced the commencement of clearing and dredging for Section Two of the Lagos-Calabar Coastal Highway. He said the process follows existing laws and global best practices, focusing on maintaining pavement levels, protecting shorelines, and incorporating climate-resilient measures. Speaking at a stakeholders’ meeting in Lagos, Umahi stated that the project…
A real estate company, Pennek Nigeria, has called for a single regulatory body to streamline processes and reduce costs for developers as a way of addressing the current housing deficits in the country. Its Group CEO, Kennedy Nnadi, in a statement in Lagos, stressed the need for increased public sector support for real estate developers,…
The Housing Development Advocacy Network (HDAN) has called on President Bola Tinubu and the National Assembly to incorporate tax relief measures for developers of social housing and building materials in the proposed Nigeria Tax Bill 2024. A statement endorsed by its Executive Director, Festus Adebayo, emphasized that excessive taxation could hinder the delivery of affordable…
