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Fashola: Nigerians can now obtain housing loans with 0% equity

Fashola: Nigerians can now obtain housing loans with 0% equity

According to the Minister of works, Babatunde Raji Fashola, the Federal Mortgage Bank of Nigeria (FMBN) has been mandated to grant zero per cent equity to Nigerians who wish to obtain housing loans not exceeding N5 million. This disclosure was made while he was speaking at the 7th National Council on Lands, Housing, and Urban Development, in Gombe state. He ...

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FMBN Finally Completes Long Standing Igbogbo/Bayeku Housing Scheme

Bayeku Mass housing

Middle and low income earners in Ikorodu have expressed joy at the completion of the once abandoned Igbogbo/Bayeku housing scheme by the federal mortgage bank of Nigeria. Located in Igbogbo-Bayeku Local Council Development Area of Lagos, the project which was embarked upon by the Federal Mortgage Bank of Nigeria in conjunction with the Federal Ministry of Power, Works and Housing, ...

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Estate Developers halting construction activities as 2019 Elections draws near

Nigeria Real Estate Market

According to an online report, real estate developers in Nigeria have begun halting construction activities as anxiety and uncertainly about the coming 2019 general elections  continues to build. Although, the Nigerian real estate market has been less influenced by political-spending but more by the general economic standing of the country and people, the recent incident where an incumbent governor was ...

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Abuja Housing Show: FCT Commits to Building 1.7m Apartments

Federal Capital Territory Administration (FCTA) said on Monday that it has initiated programmes under the Public-Private Partnership to address 1.7 million housing deficit in the FCT. Malam Muhammad Bello said at the opening of the 12th Abuja Housing Show in Abuja that this initiative was in line with private sector driven housing policy. The minister said that the Nigerian government had ...

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Road Construction: Ambode Appeals To Lagos Residents For Endurance & Patience

Lagos State Governor Akimwunmi Ambode has appealed for patience and understanding of residents as they experience inconveniences in the construction of roads across the state. Ambode, who spoke while inspecting the progress of work on Oshodi-Abule Egba Bus Rapid Transit (BRT) corridor and construction of roads in Ojokoro, at the weekend, said all hands are on deck to deliver the ...

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AMCON takes over ex-minister’s property in N1bn Debt Case

The Asset Management Corporation of Nigeria says it has taken over Sigma Apartments owned by Sigma Engineering & Construction Limited being promoted by a former Minister of Sports and Social Development, Samaila Sambawa. The takeover followed an order by Justice B.F.M. Nyako of the Federal High Court, Abuja Division, according to a statement by the corporation on Friday, which came ...

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World Bank Constructs 579 Kilometres Road In Niger

World Bank Constructs 579 Kilometres Road In Niger

The Rural Access Mobility Project (RAMP) of the World Bank has earmarked $60 Million  for the construction of 579 kilometres of rural roads across the 25 local government areas of Niger state before the end of 2019. The state is however expected to contribute some percentage of the contract sum as counterpart funds. The National coordinator of RAMP, Alhaji Uban ...

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Presidency to publish names of 200 illicit property owners

presidency

The Presidency said it will soon publish the list of 200 individuals who corruptly acquired properties across the country. The Special Assistant to the President on Prosecution, Okoi Obono Obla disclosed this yesterday at the inauguration of a new software application for tracking illicit properties in the country developed by a civil society organization, African Network for Environment and Economic ...

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FEC approves N34 billion for road projects

road projects

The Nigerian cabinet has approved over N34 billion naira for the execution of various road projects across the country. Minister of Works, Power, and Housing, Babatunde Fashola disclosed this to Journalists on Wednesday soon after this week’s cabinet meeting, Chaired by President Muhammadu Buhari. The Minister, who presented four memos at the weekly cabinet meeting said, “The memos presented for ...

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