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Category Archives: Nigeria

Nigeria Real Estate Regulatory Law

New Lagos Real Estate Regulatory Law to Boost Investor...

Principal Consultant, Kunle Faleti Consulting, Mr. Kunle Faleti (left); Lagos State Commissioner/Attorney General for Justice, Mr. Moyosore Onigbanjo; Special Adviser to Governor on Housing, Mrs. Toke Benson-Awoyinka, Permanent Secretary; State’s Ministry of Housing, Mr. Wasiu Akewusola and Senior Special Assistant to Governor on Housing, Mr. Ayodeji Amodu at stakeholders forum on real estate held at the Oriental Hotel, Victoria Island, Lagos.

Pandemic Affects Nigeria Housing Boom

Pandemic interrupts Nigeria’s housing boom

2019 was a great year for Nigeria’s housing market, with demand rising by double-digit figures. Property listing inquiries surged 72%, according to a year-end report by Nigeria Property Centre. However due to the pandemic, demand suddenly slowed this year. Job losses and salary cuts have prevented many from renting better apartments or purchasing new homes, note PropertyPro.ng. Estate Intel confirms that “many payment plans …

Lagos Housing

Nigeria: How to make 300,000-unit housing scheme succe...

Following the National Economic Council (NEC) approval of the construction of 300,000 mass housing units in all the states of the federation and the Federal Capital Territory (FCT), major players in the built environment have submitted proposal on how to make the scheme successful. The scheme is part of the Nigeria Economic Sustainability Plan by the Vice President Yemi Osinbajo-led Economic Sustainability Committee, estimated …

Nigeria taxation

How Multiple Taxation Stifles the Nigerian Real Estate...

Stakeholders in the real estate sector said the threat posed by multiple taxations to property development, consultancy and administration is huge and required urgent action because it is stifling investment in the sector. The scope, they said is large and suffocating industry players. While in many cases, people are made to cough out huge sums on taxes, they’re not supposed to pay. Some of …

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