THE INNOVATIONS CLOSING AFRICA’S ELECTRIC POWER GAP

Humanity has never before had such resources, knowledge, and technology at its disposal — yet it is a long way from translating those advances into decent lives for all the world’s people. We believe that innovation by businesses large and small can play a central role in closing that gap and solving the world’s challenges. Africa’s shortage of electric power is one of the greatest such challenges, and the push to electrify the continent provides inspiring examples of entrepreneurial solutions. A few numbers show just how far Africa has to go in power generation. Electricity con­sumption per person in large African countries such as Ethiopia, Kenya, and Nigeria is less… Read More

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EXPERTS PRIDICT 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 negatively on prospective home owners access to mortgage financing in the market. Notably, mortgage interest rates are also on the rise, further reducing buying capacity. As the activities of the Nigeria Mortgage Refinancing Company (NMRC) are yet to be felt in the market, the high interest rate are expected… Read More

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EXPERTS LAUD FG’S NEW POLICY ON PUBLIC BUILDING MAINTENANCE…SAY IT WILL CREATE JOBS.

  Experts in the built environment have commended the Federal Government’s initiative towards ensuring proper maintenance of public buildings in the country. They stated that it would help the economy to grow by increasing the number of facility management entrepreneurs. The Senior Special Assistant to Ogun State Governor on Facility Management, Mr Segun Adebayo, said the policy would not only enhance the quality of national assets but would also support the preservation of the life cycle of new assets. Adebayo, who is also the vice president, International Facilities Management Association, Nigeria Chapter, said the policy would propel the revival of maintenance culture in the country and increase the economy of… Read More

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REAL ESTATE CAN FAST- TRACK NIGERIA’S GROWTH IF STRUCTURED.

The Chief Executive Officer, 3Invest, Ruth Obih-Obuah, has said the real estate sector can fast-track the growth of the nation’s economy if adequately structured. Obih-Obuah spoke ahead of the seventh edition of the Real Estate Unite Summit, which is being championed by 3Invest. She said, “Undoubtedly, it is the most transformative sector of any economy and one of the most effective tools for poverty alleviation and job creation. Contributing meaningfully towards the vibrant development of the Nigerian economy, the sector is capable, if adequately structured, of fast-tracking economic growth and development, coupled with high level of massive employment creation, thereby creating a better and sustainable future development. “However, there is… Read More

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Quantity Surveyors seek roles in rail projects, elect new officers

The Lagos chapter of Nigerian Institute of Quantity Surveyors (NIQS) has urged the Federal government to involve indigenous consultants in the ongoing railway projects across the country.The Institute, which recently elected new members to carry out its activities in the next two years, queried engagement of foreigners on the railway projects. Immediate past chairman of Lagos chapter of the institute, Mr. Bamidele Mafimidiwo stated this at a media parley in Lagos.The former chairman, who was not comfortable with the importation of professionals on the railway projects, said its members could be involved in the measuring of railways, roads and bridges. He said” There was no need to import expatriates to… Read More

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Battle over Best Western Hotel, Ikeja property shifts to Appeal court

Legal fire works over the property housing the Best Western Ikeja Hotel, a four Star hospitality facility situated at 12, Allen Avenue and owned by Suru World Wide Ventures Limited has shifted to the appellant court. The hotel is one of the disputed property recently sealed up by the Asset Management Corporation of Nigeria (AMCON) over alleged N24.2billon indebtedness.Parties in the matter, which include, Suru World Wide Ventures Limited (plaintiff), Eco Bank Plc, AMCON and Mr. Edward Akinlade had been involved in a fierce legal battle over the hotel and other properties in Ikeja following credit facilities extended to Mr. Akinlade, the Managing Director of Suru World Wide Ventures Limited… Read More

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Refuse menace: Lagos calls for cooperation with govt to eliminate refuse heaps from streets

Against the backdrop of complaints from Lagos residents over heaps of refuse that have taken over the entire Lagos streets, the state government weekend called for renewed cooperation of the residents with the government, waste collection operators and Visionscape, to hasten the disappearance of refuse dumps from the streets. The Special Adviser to Governor Akinwunmi Ambode on Cleaner Lagos Initiative CLI, Adebola Shabi, who made this call, assured that with the cooperation and collaboration of all stakeholders to the cause of CLI, the heaps of refuse on Lagos streets which have become an eyesore, would be cleared in a question of days. Shabi who is an engineer,stated that the concerted… Read More

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