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Okowa urges mortgage institutions to encourage civil servants to build houses

civil servants

ASABA – Ifeanyi Okowa, Delta State Governor, has confirmed that mortgage institutions have a lot of roles to play in encouraging civil servants in particular to own their houses. The governor, who stated this yesterday at the unveiling of Governance Villa Housing Estate, Ibusa, Oshimili North Local Government Area of the state, maintained that there must be steady efforts towards ...

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Nigerian debt market can fund infrastructure – Okeowo

Nigerian debt market

Deputy Managing Director of FBNQuest Merchant Bank, Mr. Taiwo Okeowo declared that the Nigerian debt market can fund infrastructure in an interview with Goddy Egene on the potentials of the Nigerian capital market. Excerpts: The N100 billion Sukuk issuance was the first attempt by the federal government to raise funds through a non-interest instrument in the capital markets for infrastructure ...

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Lawyers, estate agents, surveryors risks 15years imprisonment


Lawyers, Estate agents and surveyors are at risk of 15years imprisonment The Oyo State Government on Tuesday declared that any estate agent, surveyor or lawyer caught while abetting land grabbers in the state will be liable to a minimum of fifteen years imprisonment or pay a fine of N500,000 (five hundred thousand naira) or both. Attorney General and Commissioner for ...

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NIOB seeks clarification from FG on Building code

building code

Lagos – Unclear with the current policy over domestication of the National Building Code, the Nigerian Institute of Building (NIOB) has called for clarification from the National Assembly. The body said further explanation from the legislators would aid the smooth implementation of the Building  Code both at the state and local government levels. Kenneth Nduka, president of the institute, made ...

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CBN expresses concern over Land Use Act

Land Use Act

Even as the Central Bank of Nigeria (CBN) has taken some steps towards boosting housing provision, Nigerians are gaining momentum. The 1978 Land Use Act, however, remains a major impediment towards achieving the target. In mid-2017, the CBN launched its Nigerian Housing Finance Programme (NHFP), popularly known as “My Own Home. The scheme, a Public-Private Partnership (PPP) arrangement, is targeted ...

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Bayelsa Students laud Governor Dickson for huge investment in infrastructure


Students from Bayelsa Government owned Model Schools in the State have rated high the Governor Seriake Dickson administration over the huge investment in the education sector and public infrastructures in the state, declaring that the development has changed the narrative in the state. The students, numbering over 1,200 during a guided tour of the multi-billion naira International Cargo/passengers Airport Amassoma ...

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FMBN commences zero equity for housing loan subscribers


The Federal Mortgage Bank of Nigeria (FMBN), has started the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF). This includes zero equity contribution for the provision of housing loans of up to N5million and 10 per cent contribution for housing loans ranging from N5million to N15million by contributors to the NHF. The revised ...

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FCTA set to remove buildings along waterways in Kubwa, Dawaki


ABUJA – In order to prevent imminent danger of flooding in the Federal Capital Territory, the FCT Administration through the Development Control Department has embarked on the comprehensive removal of buildings along waterways in Kubwa and Dawaki settlements. The exercise, according to the Director, Development Control Department, Muktar Galadima, was against the backdrop of a heightened downpour, causing a flash ...

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LASG denies approving construction of ICT Mall in Ikeja


ICT Mall – Lagos State Government on Tuesday denied association with an infrastructural firm, Master Realty International Concept Ltd, supposedly answered to be parading itself as having endorsement to build an ICT specialized shopping center straightforwardly next to the recently assembled Ikeja Bus Terminal. The State’s Commissioner for Physical Planning and Urban Development, Tpl Wasiu Anifowoshe in an announcement said ...

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