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Tag Archives: Federal Government

FMBN disburses N2.3b housing renovation loans

Mortgage Credit Rating

According to The Nation, the Federal Mortgage Bank of Nigeria, FMBN says it has disbursed N2.3 billion to 3,104 beneficiaries under its housing renovation loans scheme nation wide. Its Managing Director, Ahmed Musa Dangiwa who spoke yesterday in Sokoto while flagging off the state’s disbursement exercise of N243.1 million to 263 benefiting  civil servants in the state service, assured that ...

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OGFZA gets 35,000 hectares from Bayelsa

Family petitions Amosun over forceful eviction by a land grabber

According to Vanguard, efforts by the Oil and Gas Free Zones Authority, OGFZA, to fulfill its core mandate and play a key role in the Federal Government’s drive for foreign direct investments, FDI, received a major boost, weekend, when the Bayelsa State Government announced that it has handed over to OGFZA state lands measuring 35,000 hectares for the development of ...

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Thugs allegedly assault 91-year-old woman over Ikoyi property

Thugs allegedly assault 91-year-old woman over Ikoyi property

“The legal tussle over the ownership of two blocks of flats located at 41 Kingsway Road (now Alfred Rewane Road) Ikoyi, degenerated at the weekend when one of the defendants in the suit attacked residents with thugs and demolished the property.”- The Guardian The attack, which was carried out around 4:00a.m. on Saturday left the 91-year-old grandmother along with her ...

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60 abandoned Nigerian Government buildings In Lagos turn criminal hideouts

60 abandoned Nigerian Government buildings In Lagos turn criminal hideouts

“The Lagos State Government on Monday disclosed that there are over 60 abandoned buildings belonging to the Federal Government on Lagos Island Central Business District, CBD, which have been converted to criminal hideouts by hoodlums.”- PM News Special Adviser to the Governor on Central Business District, CBD, Agboola Dabiri disclosed this on Monday at a ministerial press conference in Alausa, ...

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Heavy Rain Floods National Assembly Main Building

An evening downpour flooded the lobby of the main building of the National Assembly on Wednesday.

“An evening downpour flooded the lobby of the main building of the National Assembly on Wednesday. The area affected is the lobby of the popular ‘White House’, which houses the chambers of the Senate and the House of Representatives. According to Punch observation, the rain, which started about 6 pm and lasted for close to 30 minutes, let in water ...

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FMBN, REDAN, Shelter Afrique reach $2bn to tackle housing deficit in Nigeria

Tackling housing challenge in Lagos

Nigerian Tribune reports that in the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and pan-African ...

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Nigerian govt gifts parents of Abuja quintuplets house

Nigerian govt gifts parents of Abuja quintuplets house, job for dad

According to Premium Times, the Head of Service of the Federation, Winifred Oyo-Ita, has promised to give a house to the couple that recently welcomed a set of quintuplets at the National Hospital, Abuja. The quintuplets, all girls, were born on April 12, 2017. The couple presently reside in a one bedroom apartment at Lugbe on Airport Road, in Abuja. ...

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‘FMBN, REDAN, Shelter Afrique to create $2b affordable housing fund’

54,680 jobs in housing sector

“Some stakeholders have agreed to pool resources to tackle the housing problem headlong. This is by ensuring  improved access to credit facility and reducing development costs for low-income housing.”- The Nation The Federal Mortgage Bank of Nigeria (FMBN), Real Estate Developers Association of Nigeria (REDAN) and a pan-African finance institution, Shelter Afrique have joined forces to create a $2 billion ...

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Nigerian govt provides N500 billion to FMBN for mortgage facilities

Nigerian govt provides N500 billion to FMBN for mortgage facilities

Premium Times reports that the Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria, FMBN, to make mortgage facilities easily available to Nigerians. Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Silas Agara. The News ...

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Federal Housing: Allottees protest alleged resell of plots of land

Federal Housing: Allottees protest alleged resell of plots

“Federal Housing Estate allottees in Abia on Thursday, protested against an alleged re-sell of their plots of land at the ministry’s housing estate located at Amakama, near Umuahia, the state capital.”- The News The allottees, operating under the aegis of Federal Housing Allottees Association, gathered in their numbers at the World Bank Housing Estate, from where they marched to the ...

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