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OPIC partners firms on new home ownership scheme


Towards achieving affordable housing, the Ogun State Property and Investment Corporation (OPIC) has introduced a new homeownership scheme, which will enable home seekers pay over a period of time. Under the scheme known as Advantage Home Purchase Plan, indigenous building materials manufacturers will be partnering the agency to develop, enhance locals content and the quality of the products they deliver ...

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Engineers decry import dependence

Engineers have urged President Muhammadu Buhari to work towards reducing Nigeria’s dependence on imported products. This, they said, had made the country a consuming nation and dragged down its economy, stressing that Nigeria was still struggling to export finished products. The President, Nigerian Society of Engineers, Maitama District Branch, Abuja, Israel Abraham, observed that most countries of the world that ...

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Nigeria donates housing materials, $300,000 for post-Haiyan rehabilitation

housing construction materials

It was learned that Nigeria has donated $300,000 (around 14 million) and housing construction materials for the government’s post-Haiyan rehabilitation effort. Nigerian Ambassador to the Philippnes Buba Tekune turned over to Department of Social Welfare and Development (DSWD) Secretary Corazon Juliano-Soliman, the donations at the DSWD on August 19. Charge d’Affaires Tekune the donations reflect the Nigerian government’s sincere desire ...

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‘Use appropriate technology & materials to offset Nigeria’s housing deficit’- Obua

appropriate technology & materials

Ifeanyi Obua, a graduate of Mechanical Engineering with specialisation (MSc) in Technology of machine manufacturing from Krivoy Rog Technical University, Ukraine, is the CEO of Obua Technology Solutions LTD. Obua mentioned legislation and empowerment of land ownership, use of appropriate technology, training of labour force in the construction industry among others as the solution to Nigeria’s housing deficit. In an ...

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FHA partnering with state govt. towards rent-to-own housing scheme implementation

Rent-to-own housing scheme

No fewer than 50,000 members of 800 co-operative societies have indicated interest in the Social and Co-operative housing programme of the Federal Housing Authority (FHA). Similarly, FHA is working with State governments towards the implementation of a rent-to-own housing scheme, which would convert rents paid by tenants for the eventual ownership of such houses. The Managing Director/Chief Executive of the ...

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Ondo commences design of dualisation of Ikare Township road

Ondo road dualisation

Ondo state government announced last week that the design for dualisation of Ikare Township road has commenced in earnest, while contractors, recently jump-started a 2.5-kilometers of road within the Igbokoda Township as part of its urban renewal programme. Government officials said necessary earthwork on the Igbokoda Township project has reached advanced stage while the entire work done was about 41per ...

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Nigeria’s graft fighting commission accused of diverting $15 billion in recovered assets

The chairman of Nigeria’s corruption-fighting Economic and Financial Crimes Commission is appearing before the Senate to answer accusations that he diverted billions of dollars. Ibrahim Lamorde is responding to allegations that he and other commission officers diverted 1 trillion naira (about $15 billion) in recovered assets with the collusion of banks and real estate agents. A commission statement Tuesday said ...

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Nigeria’s MDG Office Constructs One Borehole with N154 Million

Reports have revealed how Nigeria’s Millennium Development Goals (MDG) used a shocking amount of  N154.2 million to construct a single borehole in Abuja. According to Premium Times, the MDG spent a whooping N154.2 million on drilling just a single borehole which one can averagely do for N1.5 million in Abuja. A hydrology firm who talked to Premium Times made it known that that ...

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Cross River, Irish investors collaborate on 5,000 housing units

Gov Ayade, Irish investors collaborate on 5,000 housing units

Barely two weeks after Cross River State Governor, Senator Ben Ayade, led a trade delegation to the Repub­lic of Ireland, property devel­opers from that country have arrived Calabar to concretise a partnership deal to build about 5,000 modular homes. Already, modalities have been worked out between the Cross River State government and an Irish building firm, Affordable Building Concept International, ...

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