Tag Archives: affordable housing

It is common knowledge that the average Nigerian presently lives in abject poverty, though the ruling class pretend not to be aware. Sadly, poverty and poor housing have direct bloodlines. This article analyses poor housing delivery in Nigeria. A huge percentage of our populace live in inadequate or inappropriate housing, or worse still totally homeless, especially in urban cities. In ...

The management of Lekki Gardens Estate Limited has assured its clients and stakeholders that their investment is safe and appreciating in value, despite the current economic downturn. The firm also made it known that it has repositioned to ensure timely delivery of quality and affordable housing in the country. Vanguard reports that the Managing Director/Chief Executive Officer of Lekki Gardens ...

Considering the various housing and urban renewal project set up by the Lagos state Government, is there a possibility that Lagos may only just be for the rich? After all there are 36 states in the country…This article poses a basic question in search for answers; “Should affordable housing be the right of Every Lagosian?“ Each day I live the ...

Stakeholders in the housing sector have called for the adoption of local solutions to mortgage financing in the country. The call formed part of the recommendations in a communiqué issued by the stakeholders at the end of the recently concluded 2016 Affordable Housing Summit in Abuja. The summit was the culmination of series of consultations amongst government and non-government stakeholders in ...

In 2010, the Lagos state government established Lagos Home Owners Mortgage Scheme popularly called Lagos HOMS to reduce the housing deficit of a state whose population stands at over 21 million. This article analysis the some of the pains and a whole lot of the gains of the scheme 6 years after the idea was conceived. Housing deficit and challenges ...

The Federal Capital Territory (FCT) Minister, Muhammad Musa Bello has charged Nigerian architects to design implementable housing template that would lead the FCT and the nation out of the housing challenge. Bello said out of the 8000 square kilometers Abuja is composed of, the total built-up space is still less than 20 percent, noting that the city needs affordable, livable ...

“Why do we have many homeless Nigerians roaming the streets?” That was the question that kept forming on my lips as I drove through Ojuelegba at the wee hours of a serene Sunday.  The number of homeless Nigerians I sighted under the bridge at Ojuelegba as I drove passed it on a day that was declared Workers day was alarming. ...

This article highlights some of the top affordable luxury homes you can find in one of the high-value locations of Lagos. You know the feeling of discovering a first class living experience with all the pecks of a home yet accessible to all?The euphoria of finding that one exceptionally conceptualized development yet affordable? Or the feeling of getting an electronic mail/seeing ...

Provision of affordable housing have been a subject of discourse over a period of time by stakeholders in the real estate sector given the country’s housing deficit which stands at 17 million. With the interest rate of 28% issued by some Primary Mortgage Banks (PMB’s) affiliated to commercial banks against the 6% interest rate by Federal Mortgage Bank of Nigeria ...

The Chief Executive Officer of Millard Fuller Foundation (MFF), Mr. Sam Odia has appealed to the federal government to embrace the provision of affordable housing to Nigerians as part of its national priority programmes as enshrined in the constitution and United Nations Charter on Human Right. MFF is a faith-based organization which promotes collaborative and innovative partnerships aimed at providing ...