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Tag Archives: affordable housing

2nd Nigeria Real Estate Summit and Expo to hold in Lagos

Investing in real estate

The Guardian reports that over 50 leading Nigerian companies and counterpart firms from the UK, Ghana, South Africa and UAE are some of the organizations that would participate at the 2nd Nigeria Real Estate Summit and Expo to hold in Lagos.Announcing this at an interactive meeting with stake holders in Lagos, Steve Ike, head of the summit’s organsing committee stated ...

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Sterling Bank wins the Housing Friendly Commercial Bank of the Year Award

Housing Friendly Commercial Bank

“Sterling Bank Plc, has won the Housing Friendly Commercial Bank of the Year Award for its remarkable impact on housing delivery in Nigeria’s housing sector.”- The News Receiving the award at the 12th edition of the Abuja Housing Awards in the Federal Capital Territory (FCT), Abuja recently, Sterling Bank’s Non-Interest Banking (NIB) Group Head, Mr. Basheer Oshodi said, the Bank ...

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FMBN gives civil servants N643m for Home Renovation Loan

Home renovation loan

According to PM News, the Federal Mortgage Bank of Nigeria (FMBN) on Monday disbursed N643 million loan to 740 federal civil servants who benefited from its Home Renovation Loan (HRL) scheme. The beneficiaries are the fifth batch in the scheme affords National Housing Fund (NHF) contributors opportunity to access mortgage loans of N1 million for renovation of their existing homes. ...

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FCT Minister inaugurates 300 affordable housing units

affordable housing units

The Nation reports that Minister of the Federal Capital Territory (FCT) Malam Muhammad Bello has commissioned 300 affordable housing units and laid the foundation for the development of another 300 in Kaba District, Abuja. The Minister said the FCT Administration embarked on the project to give teeth to President Muhammadu Buhari’s efforts in tackling housing deficits in the country and ...

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Affordable housing: NMRC and AMDC sign MoU on improved access

affordable housing

“AGAINST the backdrop of deepening Nigeria’s mortgage market in order to improve access to quality and affordable homes in the country, Nigeria Mortgage Refinance Company NMRC, and Alpha Mead Development Company AMDC, a strategic business unit of a leading total real estate solutions company of Alpha Mead Group, have signed a Memorandum of Understanding MoU.”- Vanguard Model of Country Home ...

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FMBN : Committed to delivering houses in a period of recession

Federal Housing Authority

“A time when public confidence in many government institutions is probably at its lowest ebb, one institution that stands out for its commitment to service is the Federal Mortgage Bank of Nigeria (FMBN).”- Leadership Set up since 1956 when it was known as the Nigerian Building Society, the bank has continued to deliver on its mandate of supplying the mortgage ...

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Stakeholders advocate value-chain funding for affordable housing

funding for affordable housing

“To bridge the demand-supply gap in affordable housing in the country, stakeholders in the construction and financing sectors have advocated value-chain funding for affordable housing projects as an innovative means of tackling the challenge.”- The GuardianAccording to the operators, there are many houses unoccupied in many areas in the country but affordability remains a concern to people in need of ...

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Stakeholders seek creation of National Housing Council

Stakeholders seek creation of National Housing Council

“A tentative outline of the shape of things to come for Housing and settlements development in Nigeria may have started to emerge, as key stakeholders last week ended it’s talk shop and endorsed a workable guide for the beleaguered sector in Abuja.”- The Guardian The effort, coming at the instance of the 11th Abuja Housing Show organized by Fesadeb Limited yielded ...

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stakeholders seek solutions to Nigeria’s housing challenge

solutions to Nigeria’s housing challenge

“For three days, Nigeria’s housing sector stakeholders including developers, bankers, manufacturers of building materials, government officials, built environment professionals, etc gathered in Abuja for the annual Abuja Housing Show discussing and searching for solutions to Nigeria’s housing challenge.”- Business Day A country of over 180 million people with rapid urbanization, Nigeria in spite of its abundant natural and human resources ...

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