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Monthly Archives: April 2018

Road projects across the country will boost the economy – FG

Road projects

The Minister of State for Power, Works and Housing, Alhaji Suleiman Hassan, has said that on-going road projects across the country by the Federal Government will boost agriculture and enhance the economy. Hassan said this in an interview with newsmen in Gombe yesterday. He said that the Federal Government was committed to improving roads, rail lines and waterways to enhance ...

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EDO: FG set to deliver 24 housing units before end of 2018

Edo

The federal government has promised that 24 housing units being constructed as part of the National Housing Programme in Edo State will be delivered before the end of 2018. The Zonal Director of the ministry, Mr. Daminabor Oko-Jaja, made the disclosure recently at an assessment of on-going construction at Idumwu-Ehigie in Uhunmwode Local Government Area of the state. According to ...

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Mortgage bank loans to real estate soar but housing deficit lingers

real estate

Mortgage and commercial banks’ lending to the real estate sector has continued a steady growth in the last three years despite the downturn in the economy, a sectorial breakdown of banks’ credit to the private sector has shown. Banking credit to private sector data sourced from the National Bureau of Statistics (NBS) and a survey of developers showed that the ...

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 Infrastructure development will attract large investments – CIBN

investment

The Lagos State Branch Chairman of the Chartered Institute of Bankers Nigeria (CIBN)/Managing Director, Brent Mortgage Bank, Kola Abdul, has said that improved rail system and energy sector which includes power transmission, gas and petrol, have huge potentials to attract and retain large investments. While speaking at the yearly general meeting of the Lagos Chapter of CIBN, in Lagos, Abdul ...

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