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…
The Federal Government said it plans to construct an 80-metre span bridge in front of the Dangote Refinery as part of Section 2 of the Lagos-Calabar Coastal Highway project. This development aims to ensure seamless movement of trucks accessing the refinery without obstruction. The Minister of Works, David Umahi, disclosed this during the Lagos-Calabar Coastal…
The Senate on Wednesday expressed over the Federal Government’s M150billion investment in the real estate fund at the expense of the Federal Mortgage Bank of Nigeria (FMBN’s) capital share. The government through the Ministry of Finance Incorporated (MOFI) had subscribed to the N150 billion series 1 offering under the MOFI Real Estate Investment Fund (MREIF)…
The National Assembly says its support for the Federal Mortgage Bank of Nigeria (FMBN’s) recapitalisation efforts aims to enhance the bank’s capacity to deliver affordable housing and reduce the nation’s housing deficit. Chairman of the Senate Committee on Lands, Housing, and Urban Development, Sen. Aminu Tambuwal, stated this in Lagos during a top management housing…
A coalition of 69 international nongovernmental organizations, led by Corporate Accountability and Public Participation Africa (CAPPA), has urged the United Nations International Maritime Organization (IMO) to reject biofuels as a Global Fuel Standard (GFS) for international shipping. The IMO’s GFS is a technical measure aimed at reducing greenhouse gas (GHG) emissions from ships, in line…
Global leader in the digital transformation of energy management and automation, Schneider Electric, has released the third edition of its consumer survey in a white paper showing that home owners are not deploying technology to conserve energy. The new report is titled: Evolving Home Energy Consumption: Intentions, Actions and Hurdles to Greater Home Energy Efficiency….
The Lagos Waste Management Authority (LAWMA) it has ramped up its night surveillance operations, leaving no hiding place for persons hiding under the cover of darkness, to dispose of their waste at illegal locations. The agency has reiterated its commitment to enforcing environmental laws, ensuring that offenders are identified and prosecuted. Speaking on the renewed…
