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Tag Archives: affordable housing

FG launches new technology to reduce building cost

building

In a bid to reduce incidents of building collapse in the country, the federal government has introduced an emerging technology in building process. The new technology known as Pozzolana comprises materials with property of cement and offers 40 per cent cement replacement in building construction. Onu Speaking while commissioning the National Building and Road Research Institute NBRRI, Pozzalana Pilot Plant ...

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Real estate experts task FG on practicable housing policy, others

real estate

Operators in the Nigerian real estate development industry, say that there is a need to look at the sources of financing construction of housing to make life meaningful for Nigerians and also make housing affordable for all. Director of Locke Homes Properties Ltd, Idowu Bakare, stated this on Tuesday while presenting the key to a 3-bedroom flat at the Gold ...

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Abuja REDAN To Engage Govts Over Housing Provision

REDAN

Poised to aid mass housing development for low-income Nigerians, the Real Estate Developers Association (REDAN), Abuja chapter, has pledged to drive constructive engagements with government at all levels. The chapter’s newly elected chairman, Mr. Andrew Elerewe, revealed this plan recently in Abuja, saying the time had come for governments to see its association and members as strategic partners rather than ...

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Real estate expert advises govt to focus on solving housing shortage

housing shortage

The Chief Executive Officer, UT Homes and Financial Services, Mr. Ade Adebajo, has advised the government of the federation to focus on solving problems related to housing shortage in the country. Adebajo said government should focus more attention on providing affordable housing for all Nigerians adding that a situation where more houses meant for the rich are lying idle while ...

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Experts optimistic about real estate performance in 2019

real estate

Going by the improvement in the nation’s microenvironment and the positive projections for 2019, the real estate sector is expected to ride on the back of these and other strides it ought to make, and put in a better performance in the year 2019. Though the sector had been generally sluggish in 2018 because of the lull in the nation’s ...

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Babatunde Gbadamosi, ADP governorship candidate promises 10,000 houses annually

Babatunde Gbadamosi

The governorship candidate of the Action Democratic Party (ADP) in Lagos state, Babatunde Gbadamosi, says he will deliver no fewer than 10,000 affordable housing units annually to reduce deficit in the state if elected. Gbadamosi, a real estate expert, made the promise on Wednesday, January 9 in Lagos at a debate, organised by a non-governmental organisation for governorship candidates in ...

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90% of housing units not affordable to average Nigerians

housing units

Ninety per cent of the so-called affordable housing units built in Nigeria before now is in gross mismatch with affordability and accessibility dynamics of an average Nigerian citizen, New Telegraph has learnt. According to the Chairman, Value Chain Project Consultancy Limited, Pastor Joshua Egbagbe, there was no concerted push for intervention funds for the housing industry for low and medium ...

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FMBN partner NLC, TUC, NECA to provide affordable housing

FMBN

The Federal Mortgage Bank of Nigeria (FMBN), in partnership with the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and the Nigeria Employers’ Consultative Association (NECA), has concluded plans for the commencement of the implementation of a national affordable housing delivery programme. The programme, which is targeted at Nigerian workers, is aimed at boosting housing development in the country. ...

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Enugu government plans to provide affordable housing

Affordable housing

Enugu State Housing Development Corporation (ESHDC) said it is poised to compete favourably with its contemporaries in the private sector of the Real Estate Sector, with a view to providing affordable housing to the public. General Manager of the Corporation, Mr. Chukwuemelie Agu, disclosed this while commissioning an office outlet at the Departure Lounge of the Akanu Ibiam International Airport, ...

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Expert urges FG to provide long-term funds to mortgage institutions

mortgage institutions

Mr. Olayinka Omotosho, Chairman, Royal Institution of Chartered Surveyors (RICS), has appealed to the Federal Government to provide long-term funds to mortgage institutions to enhance their scope of operation. Omotosho reported on Monday in Lagos that affordable housing could only be achieved through effective mortgage system, which was not available in the country. He said the conventional banks offering mortgage ...

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