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16 Sep

Fuel Price Hike Deepens Housing Woes, Increases Construction Costs

There are fresh concerns among professionals that the increase in fuel prices may hinder investments in the real estate sector and widen the housing gap. They believe that the industry will be subjected to an increase in logistics, housing and labour costs, VICTOR GBONEGUN reports.

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12 Nov

Nigeria: NASS Wants More Local Contractors in Construction Industry

The National Assembly has called for the inclusion of local contractors in Nigeria’s construction industry as a to boosting national development. Speaking at a summit in Abuja on “Empowering Local Contractors for National Development: Bridging Gaps and Building Partnerships” Monday...

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02 Dec

Lawmakers Back N500bn Annual Housing Budget

Federal lawmakers have expressed support for the plan to increase the housing ministry’s yearly budget to a minimum of N500bn, starting with the 2025 budget cycle, the Minister of Housing and Urban Development, Musa Dangiwa, has said. Dangiwa said this was following the ministry’s engagement with the National Assembly leadership while speaking at the...

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