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Tag Archives: affordable housing

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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We strive to enhance affordable housing – Royal ceramics boss

housing units

The General Manager of West African Ceramics Ltd, foremost manufacturer of the ROYAL brand of tiles, grouts and tile adhesives, Mr. Bhaskar Rao, has stated that the idea behind opening of ultra-modern showrooms across the country known as Royal Exclusive Showroom stocked with the company’s range of products is basically to support affordable housing in Nigeria. Rao disclosed this at ...

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TUC President tasks FG on affordable houses for workers

TUC

The President of the Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kaigama, has berated the Federal Government for not taking workers’ income into consideration in the housing projects being implemented across the nation. Comrade Kaigama said previous efforts to build houses for workers had remained white elephant projects because they did not take time to plan for the workers ...

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Firm supports Buy Nigeria campaign to improve affordable housing

Buy Nigeria

To make housing affordable to average Nigerians, foremost manufacturer of tiles, grouts and adhesives, West African Ceramics Ltd has called for the support of Buy Nigeria campaign. General Manager of the firm, Mr. Bhaskar Rao, made the call at the inauguration of two additional mega and ultramodern exclusive tile showrooms in Port Harcourt and Aba. Stressing the firm’s support for ...

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Worker’s contribution to FMBN hits N2b – Kaigama

FMBN

Federal government is set to commence construction of houses for its civil servants in selected two states per geopolitical zones, as workers monthly contributions to the Federal Mortgage bank (FMBN) hit N2b. President of the Trade Union Congress of Nigeria ( TUC) Bobboi Kaigama disclosed this in Abuja Tuesday, at a stakeholders forum to announce a partnership arrangement between workers ...

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