The Oyo State Government is set to accredit and regulate the activities of real estate developers in the state. This is part of the government's second term agenda for sustainable development and efforts to guard against bad eggs in the industry.
The Commissioner for Lands, Housing and Urban Development, Mr. Williams Akin-Funmilayo, made the announcement in a meeting with real estate developers in Ibadan. He said the accreditation would help to protect the interest of innocent investors in the state and curb the excesses of those that have polluted the industry.
The commissioner also said that the accreditation would help the developers know where the state government has designated for housing development, as not all lands in the state are meant to be developed into housing estates. The government would provide the developers with the government land information that is needed for development even outside Ibadan.
The accreditation and regulation of real estate developers in Oyo State is a welcome development. It is expected to help sanitize the industry and protect the interests of investors and property buyers.
The Federal Housing Authority (FHA) has demolished over 600 houses in the G estate in Lagos, Nigeria. The demolitions began a few days ago and are still ongoing.
Lagos, Nigeria - The University of Lagos (UNILAG) Housing Unit has converted a duplex into two two-bedroom flats in a bid to ameliorate the accommodation challenges of members of staff.
PaytoLet Proptech Startup is Working with Some of the Biggest Real Estate Agents in Nigeria
Apply for Guest Posting
2 Important Steps To Take To Avoid Building Demolition By Lagos State Government
The sad story is about the houses that were demolished in Lagos, Nigeria
The Hidden Key to Successful Property Transactions
Understanding the Importance of Branding in Real Estate
Properties for Rent: From Budget-Friendly Studios to Luxury Homes