Tag Archives: affordable housing

The Federal Government is committed to providing affordable housing to cover up for housing deficit in the nation.  According to Channels Television, the Minister of State for Power, Works and Housing Mustapha Baba Shehuri stated this while commissioning 205 housing units at Karu in Nasarawa state which was financed by the Federal Mortgage Bank (FMB) through the National Housing Fund. ...

A 100-unit housing estate in Imo State has been successfully completed by the Federal Government under the Ministerial Pilot Housing Project of the Ministry of Power, Works and Housing. According to Channels Television, the project was built through the Federal Mortgage Bank of Nigeria to provide low cost housing for public workers across Nigeria. The Minister of State for Power, ...

“As a demonstration of its commitment to provide affordable housing to Nigerians, especially the low income earners, the Federal Government has approved 10 percent waiver on housing mortgages below N5million for Nigerians”- reports Vanguard According to Vanguard, Minister of State for Power, Works and Housing, Mr Mustapha Baba Shehuri, announced this during the commissioning of a 125-unit housing estate being ...

“There was jubilation in Abakaliki, the Ebonyi State capital on Thursday as Workers in the state were handed over keys of 72 housing units constructed by the Federal Mortgage Bank of Nigeria (FMGN).”- Leadership reports. According to Leadership, the Acting Managing Director of the Bank, Mr Richard Esin said the project known as the FMBN/Ebonyi State Housing Development Corporation’s housing estate, ...

Vanguard reports that the Federal Government on Tuesday inaugurated 91 units of three bedroom bungalow in Vyvian Estate, Ibagwa Nike, in Enugu East Local Government Area of the state. The Minister of State for Works, Power and Housing, Alhaji Mustapha Shehuri, said that the feat was part of efforts to reduce housing deficit in the country. Shehuri said that plans ...

In recent times there has been a dramatic increase in the costs of building materials in Nigeria, and this development threatens the performance of the construction industry. This article assesses the implications of the recent rising cost in building materials. Building materials have been playing an important role in the construction industry—they are those materials put together in erecting or ...

The Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique and Real Estate Developers Association of Nigeria (REDAN), have signed a $2 billion Memorandum of  Understanding to provide affordable housing for Nigerians. New Telegraph reports that Mr. Richard Esin, the Acting Managing Director of FMBN, said the  MoU was the first critical journey aimed at providing affordable housing for Nigerians. The ...

Decent and affordable housing is one of the basic needs of individuals, family and the community at large. As a pre-requisite to the survival of man, housing ranks second only to food. This article views the challenges of housing delivery in Nigeria Housing as a unit of the environment has a profound influence on the health, efficient, social behaviour, satisfaction ...

Nigeria is perhaps the fastest urbanizing country in the African continent. One of the most important challenges facing the country is the provision of affordable housing. In Nigeria, many people always wait with keen interest to listen to budget speech at the beginning of each year. This is for nothing sake, but to hear how much have been allocated to ...

There have been several cases of fraudulent practices in the real estate sector, especially in the aspect that involves securing accommodation or finding a place to rent. This has focused the searchlight on real estate agents. In fact the honest ones or professionals amongst them are not taken seriously by some members of the public who have experienced their fair ...