Property

The exit of two foreign partners, Messrs Front Range Properties and Eagle Hills of Dubai due to unfavourable government policy may have deepened the woes of the $18 billion Centenary City project in Abuja, as substantial parts of the scheme remain undeveloped, ten years after it was mooted.

The Federal Ministry of Works has moved to realise the proposed Lagos- Calabar Coastal Road Project in collaboration with the Lagos State government by kick-starting the procedure to determine the number of properties that fall within the Right of Ways (RoW).

Following growing urbanisation and increasing investment by the government to develop public infrastructure, three major real estate firms have formed an alliance to support and grow facility management services, especially commercial and industrial properties in the country.

The new Chairman, Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), Dosu Fatokun has pledged to deepen the role of practitioners in property and facility management, especially in valuation practice.

Records were once again broken for greenhouse gas levels, surface temperatures, ocean heat and acidification, sea level rise, ice cover and glacier retreat, a new global report issued by the World Meteorological Organisation (WMO) shows.

Infrastructure development experts have advocated funding industry-specific interventions, which will be tailored toward filling the nation's infrastructure gap.

Built environment professionals have reiterated the need to explore alternative local options, improve investment in research, and halt over-reliance on imported building materials.

Experts have urged the government to establish a technologically enabled platform where a neutral third party warehouses funds until certain conditions are met in property transactions.

With a project value of $280 million, Hills Golf Estate in Zimbabwe is becoming a beacon of luxury and innovation, with a groundbreaking development that combines branded luxury residential and hotel accommodations

Stakeholders have called on the policymakers at the federal level to prioritise climate change actions, and increase responsiveness to climate induced emergencies, including flooding and food security.

The Lagos Environmental Protection Agency - LASEPA plans to establish a partnership with the state’s university (LASU) towards exploring areas of mutually beneficial partnership, especially strengthening the drive for a sustainable environment.

A Non-Governmental Organisation - Africa Network for Environment & Economic Justice (ANEEJ) has said that despite the urgent need for the world to move away from fossil fuel and drastically reduce carbon emissions, oil and gas companies have failed to meet climate commitments in the Niger Delta region.