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Tag Archives: affordable housing

FMBN repositions itself for affordable mortgage financing

NHF

The aggressive delivery of affordable housing for low and medium income earners appears to be the fulcrum on which the Federal Mortgage Bank of Nigeria (FMBN) is trying to reposition itself for leadership in mortgage financing, Ndubuisi Francis reports. Despite being in existence for several decades, the FMBN has been plagued by a combination of long-standing structural, institutional and policy ...

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70% of Naval personnel don’t have accommodation – Naval Chief

Naval

With the dearth of decent and affordable accommodation biting harder among Nigerians coupled with the attendant escalating cost of rents, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, recently said that only 30 per cent of the officers, representing 6,000 personnel have permanent accommodation. Ibas, who spoke during the commissioning of the Nigerian Navy Officers Quarters at Kubwa, ...

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Stakeholders urge FG to focus on Urban regeneration to facilitate affordable housing

Urban

Stakeholders in the real estate sector have called on federal and state governments to focus on urban regeneration and provision of infrastructure at project sites to facilitate affordable housing. This was revealed on the sideline of a workshop organised by Real Estate Development Association of Nigeria in Abuja. The director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy ...

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NIA discloses on-going affordable housing project

NIA

The Nigerian Institute of Architects (NIA) has disclosed that it is working on a Nigerian Affordable Housing project for the common man. Speaking in an interview with LEADERSHIP recently, the president of NIA, Arch Adibe Njoku, who said the project will be piloted by universities, disclosed that the building project will be launched next year. According to him, the project ...

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FMBN warns mortgage bankers against delay in disbursement of funds

FMBN

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa, has warned the Mortgage Bankers’ Association of Nigeria (MBAN) to stop delaying the disbursement of funds to developers. Dangiwa, who gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of ...

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FMBN urges primary mortgage banks to harmonise their interest rates

interest rates

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their branches to cover the entire country for easy access of mortgages by Nigerians. He stated ...

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FG Advised to Introduce Subsidy in Housing, Tax Occupied Property

…As stakeholders propose affordable housing bill to NASS Experts in the housing sector of the nation’s economy at the weekend called on the Federal Government to introduce subsidy in the sector to enable the country achieve the dream of providing affordable housing for the citizenry. They argued that such measure if applied, would not only help greatly in abridging the ...

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Affordable housing in Lagos remains our commitment – Commissioner

affordable housing in Lagos

Mr Gbolahan Lawal, the Lagos State Commissioner for Housing, has assured residents of the state of government’s commitment to delivering quality and affordable housing in Lagos for all residents. Lawal stated this at the opening of a workshop on “Building an End-End Ecosystem for Affordable Housing,’’ in collaboration with the Nigeria Mortgage Refinance Company(NMRC) Plc and Mortgage Warehouse Funding Ltd. ...

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