Flood threatens property markets in eight states

Property owners trying to sell their properties in flood-hit parts of the country are yielding to pressure to drop prices as demands for homes in some of the affected locations have reduced drastically, The Guardian investigation has revealed. After weeks of flooding in major cities, especially in eight states, some houses have been submerged in water, forcing the occupiers and…

Fresh concerns over physical development as States shun cities, towns master plan

These are not the best of times for town planning practice as most of the State governments have relegated the issues of cities and towns master planning to the background, and abused physical developments.The Nigerian Urban and Regional Planning Law of 1992 stipulated that every State should embark on preparation of physical development plans at regional, urban and local scales…

Lagos, others may be submerged by 2050

The Nigerian Conservation Foundation (NCF) yesterday said Lagos and other coastal cities globally that are less than one metre above sea level could be submerged by 2050 if the surge continues, according to the News Agency of Nigeria (NAN). “The projection by scientists in the United Nations who are the authority in climate change effects, after extensive studies, says there…

ARCON plans enforcement unit, begins project registration

To eliminate quackery in architectural practice, Architects Registration Council Of Nigeria (ARCON) has announced plans to set up an enforcement and compliance unit, which will ensure that only registered members handle architectural projects in the country. The council in a statement said that the measures would be in consonance with the extant laws and complement the content and spirit of…

How inconsistencies undermine Professional Fees

Controversy is sprouting again among building sector professionals on the scale of fees being charged in the industry. The scale of fees comes with framework stipulating amount to be paid to professionals in the built industry for services/job rendered. Overtime, there have been hues and cries on the disparity between different consultants in the industry, which remained a subject of…

Developer expands portfolio range in centenary city project

The momentum for housing delivery by private real estate investors, particularly in Abuja, appears to be shifting from the luxury housing range, as developer’s flag-off an iconic tower that would house residential flats for middle-income earners in the Centenary city project. The project named after President Muhammadu Buhari, called ‘Buhari Tower’ expected to kick-start with the foundation lying ceremony in…

Firm seeks support for affordable housing

To make house affordable to average Nigerians, foremost manufacturer of tiles, grouts and adhesives, West African Ceramics Ltd has called for the support of ‘Buy Nigeria’ campaign. General Manager of the firm, Mr. Bhaskar Rao, made the call at the inauguration of two additional mega and ultramodern exclusive tile showrooms in Port Harcourt and Aba. Stressing the firm’s support for…

Nigeria, int’l delegates urge action on biodiversity targets by 2020

More than 1,000 delegates from around the world including Nigeria have called on governments to scale up actions needed to achieve existing global biodiversity targets by 2020 (the Aichi Biodiversity Targets). The delegates met at the just concluded two critical meetings of the UN Convention on Biological Diversity (CBD) in Montreal, Canada and recommended that governments also addressed the process…

Home-to-hotel conversions threaten housing market

A decade’s worth of new hotel supply in Lagos is cause for concern for operators and authorities. The Guardian gathered that investors in hospitality development are now converting homes to hotels in many viable locations in the metropolis. They are targeting the huge population for their market. This growing investment has resulted to many residential buildings giving way for hotels…

Abandoned housing projects litter Nigerian cities

While Nigeria is grappling with the ‘headache’ of huge housing deficit, fresh facts have emerged as to the reason the deficit has continued to increase. Cost experts believe that with their intervention, corruption can be eliminated in award of projects. Specifically, hundreds of housing projects across the country which started several years ago, have been abandoned at various stages of…