Amazing Property

By Prince Osuagwu, Hi-Tech Editor Companies across the Middle East/Africa are discovering hybrid solutions can solve many digital transformation challenges. Dangote farms flags-off distribution of hybrid tomato seedlings to farmers in Kano‎ Moving to the cloud is not unlike relocating your business to a prime piece of real estate. The benefits are many, but the transition can be tricky. As governments and businesses race to take advantage of cloud computing, they are navigating current and future data regulations, as well as how to make the most of existing IT infrastructure. Across the Middle East and Africa (MEA), businesses are prioritising cloud adoption. Research shows most organisations in the Middle East are either using cloud computing services or plan to do so in the next two years. African businesses are following closely, with cloud adoption becoming near pervasive. With its improved security and cost savings, cloud has become key for businesses looking to compete in...

PHOTO: Investorsking Hope of a total recovery for Nigerian real estate in 2020 might not be in sight, as industry experts have predicted that there won’t be a guaranteed rapid growth in the property market. Instead, they anticipate a combination of heightened uncertainty, as financial issues globally gets tighter, but a brighter day for increase access to housing for the lower echelon of the Nigerian population, if certain reforms are implemented. According to them, the 2019 lack of liquidity in the market made the industry to underperform in terms of returns especially for high-income property market. Asides the absence of liquidity in the market, the myriad of challenges bedeviling the sector including, high cost of land registration and titling, policy and licensing issues, risk sharing mechanism, lack of adequate credit database, knowledge gaps, lack of favourable contract enforcement mechanism, cost of construction, high skilled labour costs, and costs associated with poor in...

Permanent Secretary, Ministry of Housing, Mr Wasiu Adedamola Akewusola (left); Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson- Awoyinka, Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, and the Commissioner for Ministry of Housing, Moruf Akinderu-Fatai during a Stakeholders’ Engagement on Real Estate/Agency Business held in Victoria Island, Lagos Hopes have brightened for the eventual reform of the real estate industry in Lagos, as authorities have indicated that it is now prepared to commence the enforcement of the state’s estate agency regulatory law. The law approved in 2015 establishes the state’s Estate Agency Regulatory Authority, currently managed by the Real Estate Transaction Department (LASRETRAD) under the Ministry of Housing, prepares rules and regulations for the practice of estate agency in the state. The authority will also maintain a register of estate agents, sanction unlicensed estate agency practitioners, collate data on...