How to build what capital trusts in a market that rewards discipline

Chuka Uroko Mar 02, 2026

Levitikal Group set to redefine tourism in Nigeria with W/Africa’s largest resort

PAC Research unveils groundbreaking reports on Nigeria, Lagos housing market

Middle East conflict seen worsening housing crisis in Nigeria

Knight Frank explains how moderating inflation, others shaped real estate market in H2 2025

Actis stays backstage as Grene Capital emerges Africa-focused fund manager

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Real Estate

New year brings opportunities for FM practitioners to recalibrate

BusinessDay Feb 27, 2026

2026 is a new year and brings with it new opportunities for facilities management practitioners to recalibrate. As facilities managers,...

The danger in overloading an extension lead or cord

New year brings opportunities for FM practitioners to recalibrate

BusinessDay Feb 27, 2026

2026 is a new year and brings with it new opportunities for facilities management practitioners to recalibrate. As facilities managers,...

Affordable housing shortage stalls youth homeownership dreams

Feyishola Jaiyesimi Feb 26, 2026

The dream of homeownership among young Nigerians is steadily slipping out of reach as property prices continue to outpace incomes....

Lagos prioritises smart planning, capital discipline to boost sustainable property investment

Juliet Onyema Feb 25, 2026

Lagos State is positioning itself as a model for sustainable urban growth, leveraging smart planning, disciplined capital allocation, and strong...

Why capital discipline is the new frontier for Nigerian real estate

Feyishola Jaiyesimi Feb 23, 2026

Nigeria’s real estate sector is moving from just developing land and building to a regime of capital discipline, driven by...

Why price alone isn’t the value in commercial real estate investment

Real estate powers on in ranking, contribution to GDP amid economic pitfalls

Chuka Uroko Feb 22, 2026

…post-rebasing figures estimate sector’s output at ₦41.3trn The real estate sector in Nigeria has, over the last five years, demonstrated...

Enugu wins Infrastructure, IGR Awards at BusinessDay States Competitiveness Awards 2025 …Mbah says ‘Enugu has a lot of success stories to tell in 3 years’ Regis Anukwuoji Enugu State has shone brilliantly at the BusinessDay States Competitiveness and Investment Readiness Awards (SCIRA) 2025, carting home the Infrastructure Development Competitiveness Award and Outstanding Performance in Internally Generated Revenue (IGR) Award. Governor Peter Mbah, represented by the Commissioner for Works and Infrastructure, Benjamin Osita Okoh, and the Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Emmanuel Nnamani, received the awards on behalf of the state government in Abuja, Thursday night. Presenting the awards, Frank Aigbogun, publisher/CEO of BusinessDay Media Limited, said Governor Mbah had impacted public infrastructure in a way that goes beyond just playing politics. “In the last six months, I have had the opportunity of travelling to Enugu three times. The first time I visited in January, my taxi driver was eager to take me around. That caught my imagination. I began to ask questions and I began to look around. “One thing I found especially quite interesting was that Governor Mbah did not set aside everything that he met, which could have been a waste of public resources. He looked at what is good and he rebuilt them; the ones that were not completed, he completed them. “Two things that struck me because I had to ask a question, where does he get the money? I saw good roads, and I don’t mean good roads in the major highways, I mean good roads even in the communities that are far away from the prime areas of the state capital, Enugu. “I thought that that is a very good example of a private sector person, who knows what to do with resources, because if you use resources well, you get more from little and that is what the governor has done. And for that, Governor Mbah is receiving this award. He has impacted public infrastructure in a way that goes beyond just playing politics,” he stated. Speaking, Okoh thanked BusinessDay for recognising the Mbah Administration’s efforts at rewriting the narrative of the state, stressing that Enugu had a lot of success stories to tell in just three years. He, however, described the awards as a motivation to do more, noting, “as the governor always says, you ain’t seen nothing yet.” Okoh went on to reel out some of the achievements of the administration, saying that “Enugu State has witnessed an unprecedented infrastructural revolution, the type we have never seen since the advent of this present democracy in 1999.” “Projects that were inherited even from governments that left office in 2007- for instance, the International Conference Centre, Mbah has completed it. Hotel Presidential, the flagship hotel of the old Eastern Region, and the Nigergas Company, which has remained moribund for over 30 years, have been revived. “Being the commissioner for Works and Infrastructure in the state, I can stand here confidently to say that no government since 1999 achieved what Governor Mbah has achieved in three years. “I can say that in terms of road construction, in just three years, we have done far more than double what any other government did in eight years. No government in Enugu since 1999 did up to 600Km of roads in eight years. “Under Governor Mbah, we have 267 smart schools across the state and 260 Primary Healthcare Centres to our credit. “We are developing the New Enugu City, a world-class smart city. The present Enugu City is about 14,000 hectares, while the New City is approximately 10,000 hectares. To put this in perspective, the New Enugu City is almost the same size as Paris, Milan or Barcelona, making it one of the largest planned urban developments in Africa. “The New Enugu City is also larger than Manchester or the entire Phase One of the Federal Capital City, Abuja, which comprises the districts of Asokoro, Maitama, Maitama Extension, Wuse I (Zone 1 – 7), Wuse II, Garki I (Area 1 – 11), Garki II, the Central Business District, Three Arms Zone, Guzape I, and Guzape II. “This is the first time a state in Nigeria would be undertaking an integrated infrastructure development, which is what we have in the FCT where all the facilities in the modern city are underground, and telecommunications lines- the fibre optics, the electrical cables, water pipes, everything is underground. It is not just a vision; the projects are already ongoing.” According to the commissioner, “There is no particular sector that Governor Peter Ndubuisi Mbah has not touched, be it tourism, security, agriculture, education or even transport sector where the administration floated Enugu Air, built five ultramodern transport terminals and launched over 150 CNG buses.” It is also recalled that the Mbah Administration has disrupted the state’s IGR space, where he used reforms and technology to grow the state’s IGR exponentially from N26.8bn in 2022 to N37.4bn in 2023, N180.5bn in 2024, and N406.7bn in 2025, with tax revenue accounting for just N51.5bn or 12.6 percent of the 2025 IGR proceeds. Meanwhile, BusinessDay is Nigeria’s leading business newspaper and the SCIA recognises and celebrates states that have demonstrated exceptional performance in governance, economic development, infrastructure delivery, investment promotion, and the creation of an enabling environment for businesses and citizens to thrive. …………………………………………. Caption: L-R: Frank Aigbogun, publisher/CEO, BusinessDay Media Limited; Benjamin Osita Okoh, commissioner for Works and Infrastructure, and Emmanuel Ekene Nnamani, executive chairman, Enugu State Internal Revenue Service (ESIRS), at the event.

Patient capital on call for $106trn global infrastructure investment demand

Chuka Uroko Feb 22, 2026

For investors with patient capital, opportunity is beckoning as global demand for infrastructure investment has been projected to reach about...

Central Business Districts upgrade in FCT underpins Abuja’s readiness for investment

Chuka Uroko Feb 22, 2026

The upgrade of the Central Business District (CBD) at the World Trade Centre (WTC) Abuja and Metro Rail corridor by...

Opportunity calls as global infrastructure investment demand to hit $106trn by 2040

Chuka Uroko Feb 20, 2026

For investors with patient capital, opportunity is beckoning as global demand for infrastructure investment has been projected to reach around...

These 7 projects lead luxury residential towers in Eko Atlantic City

Chuka Uroko Feb 20, 2026

In the last decade, Eko Atlantic City, a 10-million-square-metre mixed-use city being constructed on reclaimed land from the Atlantic Ocean,...

Properties in prime corridors outperform expectations with high occupancy rates

Chuka Uroko Feb 20, 2026

Contrary to expectations, properties in prime corridors in Lagos, such as Ikoyi, Victoria Island, and Ikeja, have continued to record...

Lagos luxury properties triple in value on strong demand, devaluation

Chuka Uroko Feb 17, 2026

Property prices in Lagos, Nigeria’s commercial capital, have surged over the past year, with a portfolio of 10 investment properties...

FG’s planned Data Centre signals shift in approach to housing governance

Chuka Uroko Feb 17, 2026

The federal government of Nigeria’s planned National Housing Data Centre signals a major shift in the country’s approach to housing...

What growth in data centres means for real estate in Nigeria

Chuka Uroko Feb 17, 2026

On an incremental basis, the number of data centres in Nigeria is growing, presenting implications for the real estate market...

New ACEN leadership pledges to reposition profession for national devt

Taofeek Oyedokun Feb 17, 2026

The newly inaugurated leadership of the Association of Consulting Engineering in Nigeria (ACEN) has pledged to reposition consulting engineers as...

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How to build what capital trusts in a market that rewards discipline

Levitikal Group set to redefine tourism in Nigeria with W/Africa’s largest resort

Middle East conflict seen worsening housing crisis in Nigeria

Knight Frank explains how moderating inflation, others shaped real estate market in H2 2025

Actis stays backstage as Grene Capital emerges Africa-focused fund manager

Real Estate

New year brings opportunities for FM practitioners to recalibrate

New year brings opportunities for FM practitioners to recalibrate

Affordable housing shortage stalls youth homeownership dreams

Lagos prioritises smart planning, capital discipline to boost sustainable property investment

Why capital discipline is the new frontier for Nigerian real estate

Real estate powers on in ranking, contribution to GDP amid economic pitfalls

Patient capital on call for $106trn global infrastructure investment demand

Central Business Districts upgrade in FCT underpins Abuja’s readiness for investment

Opportunity calls as global infrastructure investment demand to hit $106trn by 2040

These 7 projects lead luxury residential towers in Eko Atlantic City

Properties in prime corridors outperform expectations with high occupancy rates

Lagos luxury properties triple in value on strong demand, devaluation

FG’s planned Data Centre signals shift in approach to housing governance

What growth in data centres means for real estate in Nigeria

New ACEN leadership pledges to reposition profession for national devt

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