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By Adibe Emenyonu The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on the federal government to pay attention to the high cost of building materials, if it truly desires to provide affordable housing for the low and medium income earners, the less privileged and vulnerable people of Nigeria. The institution also noted that no single cause can be identified to explain Nigeria’s poor economic performance over the years than the power situation, pointing out that “it is a national shame that an economy of about 180 million has about 12,500MWT of installed capacity as at today, with about 3,000 to 5,000MWT being transmitted to the final consumers when South Africa with a population of about 58 million generates about 59,000MWT shows that we have a long way to go.” ....
BUA denies cement price hike, accuses retailers of exploiting loopholes guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
By Fadekemi Ajakaiye The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has said that sustained investment in the real estate sector would revamp the nation’s economy. The President and Chairman, National Council of NIESV, Chief Emmanuel Wike, who stated this at a press conference in Lagos recently, noted that Nigeria is going in and out of recession because of its dependence on crude oil as its major source of earnings. Wike stated that Nigeria’s economy, being “highly dependent on crude oil, which accounts for more than 83% of the country’s total export earnings, according to the Organisation of Petroleum Exporting Countries (OPEC), is highly vulnerable to fluctuations in crude oil prices and production. The economy as a result has been periodically or intractably challenged, slipping in and out of recession.” ....