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Homeowners could be compensated by the state if the value of their property falls as a result of the building of new garden cities, to encourage them to accept development in their area, Nick Clegg has said. The deputy prime minister suggested that affected households could receive council tax rebates during construction, or may be able to sell their homes to the state at guaranteed prices. Clegg announced plans in April for a new generation of garden cities to ease the demand for housing in the south of England. It is expected that up to three cities of at least 15,000 homes will be built in the southeast, though no locations have yet been selected. Clegg told the Sunday Telegraph he wanted a shortlist of potential locations published by the end of the year. Speaking to BBC1's Countryfile, he said it was important to safeguard house prices in areas chosen for projects. "We could maybe give deductions on their council tax for the period of time during wh

The Lagos State Government said it has put plans in place to have Public-Private Partnerships to accelerate the delivery and maintenance of infrastructure in the state. The Commissioner for Works and Infrastructure, Mr. Obafemi Hamzat, said the move was in line with the vision to maintain Lagos as a mega city, adding that infrastructure was an impactful development in the country. Hamzat said the amount of money required to meet the needs of the increasing population of the state was more than $50bn over the next 10 years. The commissioner said, “Raising this vast sum of money will not be easy and requires us to collaborate with the private sector through Public-Private Partnerships, to accelerate the delivery and maintenance of this much needed infrastructure. “When we consider the value of these PPPs, we must assess them against our own benchmark, which takes into the account the needs of the people that will drive our development.” According to him, the plan wil

The Federal Government is collaborating with the Real Estate Developers Association of Nigeria to develop the recently unveiled 10,000 housing units under the affordable home ownership scheme. The partnership, according to REDAN, will allow the association to bring its expertise to bear during the construction of the houses. The first phase of the scheme was officially unveiled by President Goodluck Jonathan in Abuja last Thursday. The President, REDAN, Mr. Olabode Afolayan, told journalists in Abuja that the project, unlike a few others, would not be hijacked by the Federal Government and expressed the hope that the houses would be made available to Nigerians according to schedule. He said, “From the beginning of this new initiative, we have been together with the government and all things that were put together, in most cases, reflected the collective aspiration and inputs of major stakeholders like REDAN. So, we are part of it. “The Federal Ministry of Finance is no