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Tag Archives: MOU

“Estate surveyors should be engaged to address Nigeria’s land data challenge”

land data

The practice of estate surveying and valuation in Nigeria has been bedeviled with several challenges leading to negative public perception. In this interview, the second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and the principal partner of Portharcourt based Emma Wike & Partners Emma Okas Wike, gives an insight on what the board is doing ...

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Affordable housing: NMRC and AMDC sign MoU on improved access

affordable housing

“AGAINST the backdrop of deepening Nigeria’s mortgage market in order to improve access to quality and affordable homes in the country, Nigeria Mortgage Refinance Company NMRC, and Alpha Mead Development Company AMDC, a strategic business unit of a leading total real estate solutions company of Alpha Mead Group, have signed a Memorandum of Understanding MoU.”- Vanguard Model of Country Home ...

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Lagos targets revenue inflow from Jubilee Estate project

Lagos targets revenue inflow from Jubilee Estate project

“Lagos State Government is set to increase its Internally Generated Revenue (IGR) profile through taxes that will accrue from the sale of housing units, Land Use charges and other statutory payments from its new Lagos Jubilee Estate, Iganmu.” – The Guardian The Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this while signing a Memorandum of Understanding (MoU), with Brains ...

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Dangote lauds decision of FG to reconstruct Apapa Wharf road

Dangote lauds decision of FG to reconstruct Apapa Wharf road

Aliko Dangote has lauded the decision of the federal government to reconstruct the failed Apapa Wharf road. The road attracts a huge loss of close to N140 billion to the government on a weekly basis. According to Leadership, Dangote who spoke to newsmen, yesterday in Lagos said, “The economy loses more than N20 billion daily. It affects businesses across the ...

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Monarch dismisses land-grabbing claims in Delta community

Family petitions Amosun over forceful eviction by a land grabber

“The Iyase of Idumuje Kingdom in Aniocha North Local Council of Delta State, Chief Chris Ogwu has debunked allegations of land-grabbing by ‘disgruntled’ persons, who want to frustrate the social and economic progress of the community.”- The Guardian He said sons and daughters of Idumuje Kingdom, who require land for infrastructural developments and projects were guaranteed allocation of lands after ...

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FMBN, REDAN, Shelter Afrique reach $2bn to tackle housing deficit in Nigeria

Tackling housing challenge in Lagos

Nigerian Tribune reports that in the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and pan-African ...

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Moves to tackle affordable housing shortage in Nigeria

17 million housing deficit

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

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Lagos And Dubai Sign Historic Smart City Deal

Gov Ambode urges residents to become house owners through new policy

The Lagos State Government and the City of Dubai have entered into a historic partnership. This epoch making partnership will see Lagos emerge as the first Smart City in Africa. The Memorandum of Understanding for the Lagos Smart City was signed on Monday at the Emirate Towers, Dubai, by the Lagos State Attorney General and Commissioner of Justice, Mr. Adeniji ...

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FMBN & FHA to Sign MOU on National Housing Schemes

FMBN & FHA to Sign MOU on National Housing Schemes

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) have agreed to sign an Memoradum of Understanding (MOU) to meet the President Muhammadu Buhari’s annual target of delivering one million housing units.   The institutions also agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing ...

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