Convention seeks use of wetlands to tackle climate change

With time running out to reduce global carbon emissions by 45 per cent before 2030 and limit global warming to well below 2°C, The Ramsar Convention said wetlands provide a natural solution to making a daunting task more achievable. According to the convention, harnessing of the power of the planet’s most effective carbon sinks, wetlands in national and global efforts…

Nigeria cities burdened by inadequate planning, urbanisation

Although housing has continued to pose severe challenges in many parts of the country, the problems are however more peculiar and severe in Nigerian cities. With uneven distribution of goods, services and infrastructure, some of the cities have become major hub offering more prospects for citizens who are forced to migrate for greener pastures. The true scale of the…

Government picks nine properties for pilot maintenance scheme

The Federal government has picked nine buildings for pilot maintenance under its national maintenance framework on public buildings in the country. The buildings selected include, a Federal government college, a Federal Hospital, a Federal Court building, a federal prison, a federal secretariat and the Ministry of Power, Works and Housing office buildings at its headquarters in Mabushi among others. Minister for…

‘Climate change is biggest threat to global economy’

The United Nations Secretary-General, António Guterres has warned that climate change was the most important global systemic threat in relation to the global economy that required a unified response in the form of inclusive multilateralism involving all parts of society. Speaking to leaders at the World Economic Forum in Davos last week in Davos, the UN’s top official addressed three main…

Private developers embracing affordable Housing

Affordable housing is becoming the next frontier in the campaign to reduce the deficit in the housing sector, and investors are embracing the new trend.The trend offers opportunities across all jurisdictions and investors are up- scaling their investment in that area. But affordable offerings like studio apartments, one bedroom and two bedroom flats near the city centre have continued to…

Experts seek increased investment in real estate

Housing specialists have advised stakeholders to improve investment in the sector to mitigate existing deficits and create more affordable homes for Nigerians. They spoke at the 2018 end of year programme organised by Brit Property Nigeria Limited in Lagos. According to them, investment in Real Estate gives good returns than other investment instruments in the country. The Chief Executive Officer,…

Concerns over high charges in informal property rentals

High cost of commercial property rentals and other associated charges are staving off entrepreneurial spirit among prospective small business owners who need shops and outlets to thrive in Lagos and environs. The Guardian’s investigation reveals that exorbitant charges in the name of ‘agents and agreements fees’ have become source of worry to many residents and disincentive to businesses. …

Experts project positive outlook for Nigeria’s mortgage market

Although, mortgage financing has continued to be a source of worry for operators in the nation’s housing delivery, investors and industry players have projected a positive future. Currently, Nigeria’s mortgage banks charge between 19 and 24 per cent. And this could go higher, depending on the risk volume, which has affected the real estate’s potential as a goldmine for investors….

Experts canvass integrated solid waste management

Environmentalists have called for integrated approach in management of e-waste and other consumer products containing Polybrominated Diphenyl Ethers, PBDEs to ensure sustainability.Speaking at the 2nd Abuja Waste Summit organised by Sustainable Africa Waste Initiative, SAWI, they explained that “exposure to PBDEs is of concern because they are associated with negative health effects, including neurotoxin and reproductive effects, cancer, impacts on…

Experts predict further dip in real estate market

A combination of heightened uncertainty and eroding affordability is expected to cut into demand and contribute to a weaker real estate market in 2019, and 2018 harsh economic realities made the sector to underperform in terms of yield and returns, according to industry experts. While the economy remains weak, demographic fundamentals remain strong, lack of clear policy in 2018 impacted…