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Tag Archives: FHA

FESTAC Property Development Company Limited and FHA collaborate

FESTAC Property Development Company Limited

“The New FESTAC Property Development Company Limited (NFPDCL), in conjunction with the Federal Housing Authority (FHA), Southwest Zone, have partnered to develop the FASTAC Phase 2 Project in FESTAC Town, Lagos.”- The Nation The firm’s Executive Vice Chairman, Sir Isaac Chuks, said the FESTAC Phase 2 project has a land mass of 1,126 hectares, which was part of the 2, ...

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Suspension of the Managing Director of FHA Homes Limited no longer holds

Managing Director of FHA Homes Limited

“Except a superior court holds a contrary view in the nearest future, the suspension of the Managing Director of FHA Homes Limited, Roland Igbinoba, can no longer hold, courtesy of the National Industrial Court sitting in Abuja.”- Independent Justice Edith Agbakoba, who cited a case of unfair hearing in the proceedings that culminated into the suspension of Igbinoba, held that ...

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FESTAC Phase 2 housing project to generate 4 million jobs for Nigerians

FESTAC Phase 2 housing project

Nigerian Tribune reports that the Federal Housing Authority (FHA) has revealed that all feuds delaying the full kickoff of the FESTAC Phase 2 housing project have been resolved, saying the imminent commencement of the project is expected to created nothing less than four million jobs for Nigerian youths and professionals in the formal and informal sectors. This was disclosed recently ...

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Ray of hope for prospective land allotees under Federal Housing Authority

Federal Housing Authority

“There is a ray of hope for prospective land allotees and concessionaire under the Federal Housing Authority (FHA) FESTAC Town Phase II project, following Appeal Court ruling in favour of FHA on the 1,000 hectares property.” – The Guardian The authority and the Amuwo community have been in a running legal battle on whether due diligence was followed on the Land acquisition ...

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Special committee says Ikoyi, Banana Island, FESTAC Belong To Lagos Government

Special committee says Ikoyi, Banana Island, FESTAC Belong To Lagos Government

“The Special Committee set up by Governor Akinwunmi Ambode of Lagos to look into Federal Government Assets in the state submitted its report on Tuesday, coming up with a verdict that Ikoyi, Banana Island, FESTAC and other federal government assets in the state actually belonged to the Lagos State Government.”- PM News The committee, headed by elder Statesman and former ...

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Senior workers plan strike against inadequate funding of FHA

Investors holding back on the Nigerian property market despite opportunities

“The Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC) may soon begin an industrial action over inadequate funding of the Federal Housing Authority (FHA)” – The Guardian  The President General of the association, Mohammed Yunusa, who disclosed this in Abuja at the weekend, identified non-budgetary provision for FHA and non-involvement in the National Housing Policy by the ...

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FHA to partner with UN-HABITAT, others on national housing

FHA to partner with UN-HABITAT, others on national housing

The Managing Director, Federal Housing Authority (FHA), Prof Mohammed Al-Amin has made it known that FHA is to work with other agencies on the development of a national housing profile for the country. The Nation reports that Prof Mohammed Al-Amin, made this known during a visit to the UN-HABITAT Programme Office in Abuja, where he received by its Programme Officer, ...

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An Analysis of Housing Demand in Lagos State – Roland Igbinoba

housing demand

Do you know that the housing demand estimate in Lagos state is roughly 4.4 million units, the estimated current supply of housing in the state is 1,417,588 units, and the estimated gap between housing demand and supply for Lagos state is roughly 3 million units. With an annual population growth rate estimated at 6-8%, Lagos is considered the fastest growing ...

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FMBN, FHA To Commence Construction of 30,000 Houses

Federal Housing Authority to Partner Turkish Firms on Housing Delivery

The Federal Mortgage Bank of Nigeria and its partner, Federal Housing Authority of Nigeria, have announced the commencement of the construction of 30,000 housing units across the country. According to the FMBN, the N9bn project, which will employ about two million workers from all over the country, will commence this week in Lagos, Abuja, Kano and Port Harcourt. Speaking at ...

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