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Land in Nigeria

66,402 people apply for new FG Mortgage scheme

An indication that Nigerians are in dire need of affordable and live-able homes in any part of the country emerged last week as a total of 66,402 applicants are seeking slots in the 10,000 homes to be constructed by the Federal Government under the Mortgage Refinancing Scheme pilot project. The Federal Government launched the scheme early this year to create ...

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Committee submits Housing Survey Report

Eager to reposition the housing industry and increase activities in the sector, the Ministry of Lands, Housing and Urban Development may soon begin the implementation of its report on Land Verification, the 10,000 houses project and housing Survey. The Minister in Charge of the ministry, Mrs. Eyakenyi Akon last week received interim report of the three ministerial committees that was ...

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Lagos Embarks On New Housing Projects In Central Lagos Island

Landlord matters Nigeria

Convinced of the positive impacts the urban renewal scheme would have on the state and her residents on one hand, and the entire real estate industry, the Lagos State Government has expressed its determination to ensure its central Island and environs are fully regenerated. Senior officials of the government spoke at the commencement of a two high-rise residential projects within ...

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The ‘Magic’ In Real Estate

Raise the topic of real estate at any gathering today and the question whether housing values are well founded routinely arises. Generally, most people feel very positive about the housing market outlook, as reflected in the results of a recently reported survey that gauges the mood of people from coast to coast. It found that respondents’ views as to the ...

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FCT accounts for 10% of 17m housing deficit in Nigeria — Bala Mohammed

demolitions in abuja

Minister of the Federal Capital Territory Administration, FCTA, Senator Bala Mohammed disclosed at the weekend that the FCT accounts for 10 per cent of the 17 million housing deficit in Nigeria. The minister disclosed this while commissioning a 49-unit luxury apartments christened “AICL Apo- Dutse Housing Estate”. According to him: “From statistics, the housing deficit in Nigeria is about 17 ...

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FG sets to check Housing deficit

The framework for conducting a National Housing Survey to establish and determine the housing deficit in the country has been developed by the Federal Government, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, has said. She said the survey would determine the actual number of houses needed across the country instead of depending on estimates and unproven ...

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20,000 Housing Units Provided By FRSC For Its Personnel

Federal Road Safety Corps has concluded plans to construct 20,000 housing units across the country for its personnel under a housing scheme tagged “Vision 20,000 housing project.” Making the disclosure recently, while receiving the management team of the Federal Mortgage Bank, the Corps Marshal, Boboye Oyeyemi, reiterated that the housing initiative was informed by the need to provide the required ...

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LAGOS MEGA CITY PROJECT: HOMS to drive Urban Regeneration

In addition to its infrastructure upgrade and environmental transformation, the Lagos State government is using its pace-setting home ownership mortgage scheme—the LagosHOMS—to drive urban regeneration that would ultimately dovetail into its dream mega city status. This regeneration which has already seen some footprints in some parts of the state, particularly Ikeja and Lagos Island, involves the demolition of obsolete housing ...

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Lagos To Regulate Agency Fees

Fashola should recreate Jakande’s housing magic across the country –Pastor Bassey James

Lagos State government has initiated moves to regulate estate agency fees in the state which it claims ranks highest when compared with other countries. To this end, a stakeholders’ meeting was recently convened at the Lagos State Real Estate Transaction Department (LASRETRAD) to deliberate on “Real Estate Agency Fees in Lagos”. In attendance were various associations of estate agents, legal ...

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How Ebola Virus Can Affect Real Estate Opportunities

It is no longer news that the deadly and dreaded Ebola virus has been spotted in the nation, already killing its Liberian harbinger, Patrick Sawyer and the Matron who treated him in a Lagos Hospital. There is considerable panic among Lagosians especially as everyone is beginning to take extra precautions in their hygiene and in their inter-personal relationship with people, ...

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