2021 Nigerian Real Estate Market Outlook

What happened in the Nigerian construction industry this week

This article seeks to bring a round-up of events that took place in the Nigerian construction industry. From the 5th of December to the 13th of December 2020. Through the announcement of the first female construction management professor to integrity tests of school buildings in Lagos state, we got everything covered.

Nigeria Railway Corporation commences Lagos-Abeokuta-Ibadan rail service operations

At 8:00 a.m. on the 7th of December, 2020, the main line of the Lagos-Ibadan railway, the first double-track standard gauge modern railway in West Africa, commenced trial operations with passengers onboard. The train departed from the Ibadan station in accordance with the scheduled railway operating plan, the trip lasted 2 hours and 40 minutes, ran 156 kilometers, and arrived at Lagos station at 10:40 a.m. The train departed from Lagos station at 16:00 and arrived at Ibadan station at 18:40, successfully completing the first test run with passengers.

After the official opening, travel time between Lagos and Ibadan will be shortened to 2 hours, according to a statement by China Civil Engineering Construction Corporation (CCEC), the project’s contractors in the nigerian construction industry.

First female construction management professor named in Nigeria and South Africa

Abimbola Windapo graduated from the University of Ife (now Obafemi Awolowo University) in 1987 as the first woman to study building. And now, with an ad hominem promotion to full professorship from the University of Cape Town (UCT), she is also the first woman professor in the field of construction management in South Africa and her home country Nigeria.

According to an article by the University of Cape Town, in a male-dominated industry and faculty. Professor Windapo has made numerous important contributions. Some of which include graduating five PhD researchers, receiving the 2020 National Science and Technology Forum-South32 Award in the Engineering Research Capacity Development category. Other recognitions include being invited to coordinate the International Council for Research and Innovation in Building and Construction’s TG81 Task Group. Receiving various grants from the South African National Research Foundation (NRF). Receiving grants from the Construction Industry Development Board and the Royal Academy of Engineering.

All land related transactions in Lagos state will be undertaken online

The Governor of Lagos State, Babajide Olusola Sanwo-Olu made this announcement at the maiden Real Estate Marketplace Conference and Exhibitions. This conference was organised by Lagos State Real Estate Regulatory Authority (LASRERA) at Eko Hotel.

While speaking at the conference, the Governor of Lagos State said:

From the first quarter of next year, we will be launching an online platform on which all land transactions will be done. When the project kick-starts next year, there will be one-stop shop for all transactions relating to land, including Governor’s approval on CofO, and building approval by Ministry of Physical Planning and Urban Development. Because we have given our commitment to this, because of the need to improve the turn-around-time from when people submit their requests for approval and the time the authorisation is completed. We cannot afford to disappoint private investors and applicants seeking real-time approval. We are raising our capacity so that we can respond to the requests and discharge them.

According to an article by Nairametrics, the move will further accelerate the process of getting approvals on land matters and create an enduring business-driven property development market in the State.

Lagos begins integrity tests for school buildings

In order to avoid the continuous collapse of buildings resulting in the loss of lives. The Lagos State government will from next month commence integrity tests of school buildings in the state. The tests will be conducted in both public and private schools at no cost to the owners.
   
According to a publication by the guardian, the General Manager of the Lagos State Materials Testing Laboratory (LSMTL), Dr Afolabi Abiodun Tajudeen, disclosed this at the Public Enlightenment and Engagement Programme organized by the State Building Control Agency (LASBCA) with the theme: ‘Prevention of building collapse: A collective responsibility.’ He also confirmed that the governor has also approved non-destructive tests of buildings in police barracks in the state.

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