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Land Matters

FHA to partner with Abuja traders to provide 5,000 Housing units

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

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Surveyors urges private sector’s cooperation in providing housing.

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have urged the private sector to complement the efforts of the federal government in providing housing to the teeming populace. The estate surveyors made the plea during a press conference to usher in the National Housing Summit being organized by NIESV’s Faculty of Housing in Lagos on the theme: ...

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Gov. Amosun explains why Ogun is growing in Housing and Infrastructure

Amid growing interest of firms in the establishment of industries in the Ogun state, authorities have explained that the new drive for housing projects and infrastructure is the best option to provide conducive environment for prospective investors. It was reported recently that over 100 companies have shown readiness to locate their manufacturing outfits in the state, with 32 of this ...

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‘Revoke Land Use Act’ – ex-NIESV boss

Ex-president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr Bode Adediji, has called for the revocation of the Land Use Act (LUA), saying its presence has withheld the progress of the nation’s housing sector. Mr Adediji made this known in a recent chat with the media where he also opined that only policies backed by appropriate actions ...

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HOUSING: FMBN gets 10,596 applications for N48b NHF Loan

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...

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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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