Tag Archives: affordable housing

“As the world is preparing towards celebrating the World Habitat Day, scheduled for next week Monday, some residents in Lagos State are crying out against unlawful takeover of their landed property by the state government without due consultation and compensation.”- Independent Representatives of  Idotun  family in Ibeju Lekki Local Government Area of Lagos State, said it is unfortunate that as ...

“Nigeria’s housing deficit is too high to be acceptable, Vice President, Prof. Yemi Osinbajo, has said.”- Punch Osinbajo who spoke at the 2017 Housing Summit in Abuja on Tuesday said, although, no nation had been able to provide all the housing needs of its citizens, the housing crisis in developing countries including Nigeria was very bad. The Vice President, who ...

According to recent estimates, there are about 108 million Nigerians technically homeless. Often discernible from others in outward appearance, homeless children and youth face unique challenges associated with residential instability that compound many other difficulties associated with living in poverty. In this article, we shall look at how homelessness affects children What Is Homelessness? Homelessness includes a range of experiences, ...

“The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector.”- This Day The central bank governor while delivering a keynote address at a workshop for judicial officers on mortgage, with the theme: ‘Mortgage Disputes in Nigeria: The Need for Expeditious Resolution of ...

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 ...

“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 ...

“The continued shortage of affordable housing in the country remains a sore point for experts and other stakeholders in the built environment.”- The Nation The experts, like the Managing Director, M.I. Okoro and Associates, Mr. Meckson Okoro, have not ceased to wonder why, in a nation of over 180 million people, not up to 20 per cent of them can ...

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. ...

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 ...

“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 ...