Tag Archives: affordable housing

Mr. Kunle Adeyemi, the CEO of sterling homes Ltd was in an interview with one of our correspondents, Rianat. He opined that developers need to create a mortgage system that works since the one we have is not accessible. Read his interview below. NREH: What influenced your decision to go into real estate considering your background in sciences? Mr. Adeyemi: ...

As part of measures to bridge the rising accommodation and shelter gaps in the country, Chinese investors have expressed readiness to invest in mass housing schemes for low and middle-income earners across the country. The Manager, One Belt One Road Financing Operation in China, Mr. Jin Changsheng, made the promise at the Affordable Housing Summit, Abuja. He said that Chinese ...

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Mr. Ahmed Dangiwa says more than N9 billion National Housing Fund (NHF), has so far been refunded to over 200, 000 retirees nationwide. The managing director said that every NHF contributed by civil servants was refundable with interest once they attained 60 years. Dangiwa made this known at the Affordable Housing ...

The aggressive delivery of affordable housing for low and medium income earners appears to be the fulcrum on which the Federal Mortgage Bank of Nigeria (FMBN) is trying to reposition itself for leadership in mortgage financing, Ndubuisi Francis reports. Despite being in existence for several decades, the FMBN has been plagued by a combination of long-standing structural, institutional and policy ...

With the dearth of decent and affordable accommodation biting harder among Nigerians coupled with the attendant escalating cost of rents, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, recently said that only 30 per cent of the officers, representing 6,000 personnel have permanent accommodation. Ibas, who spoke during the commissioning of the Nigerian Navy Officers Quarters at Kubwa, ...

Stakeholders in the real estate sector have called on federal and state governments to focus on urban regeneration and provision of infrastructure at project sites to facilitate affordable housing. This was revealed on the sideline of a workshop organised by Real Estate Development Association of Nigeria in Abuja. The director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy ...

The Nigerian Institute of Architects (NIA) has disclosed that it is working on a Nigerian Affordable Housing project for the common man. Speaking in an interview with LEADERSHIP recently, the president of NIA, Arch Adibe Njoku, who said the project will be piloted by universities, disclosed that the building project will be launched next year. According to him, the project ...

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa, has warned the Mortgage Bankers’ Association of Nigeria (MBAN) to stop delaying the disbursement of funds to developers. Dangiwa, who gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of ...

A Real Estate Developer, Architect Bello Moruf, has advocated the use of local materials in the built environment in order to reduce the high cost of building houses in the country. With just two bags of cement you can assemble a building. Moruf made a case for the adoption of brick building, which he said, is very cheap and less ...

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their branches to cover the entire country for easy access of mortgages by Nigerians. He stated ...