In an attempt to prevent the delivery of low-quality buildings within the city, the Lagos State Government has made a few changes to restructure its building permit and approval process. These changes, introduced in the past month, are in response to the high rate of building failures and collapses particularly over the past year that […]
Private developers and governments across Africa are backing over two billion square metres of land reclamation and new city projects, costing over $514bn, to cater to the region’s growing urban centres according to Estate Intel’s Africa’s New Cities 2023 Factsheet. North Africa has emerged as the leading region accounting for 88% of planned new city developments […]
The real estate and construction sector have continued to grapple with multiple effects of depreciation in the country’s naira value, as cost of raw materials, labour and transportation and contracts skyrocket. But despite the naira hitting an all-time low of N810 against the dollar, Nigerians are hopeful of a silver lining, as a weaker naira […]
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