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Tag Archives: housing crisis

Babalakin says Foreign firms lack capital to develop Nigeria’s infrastructure

Babalakin

The Pro-Chancellor of the University of Lagos (UNILAG) Dr. Wale Babalakin (SAN) has said foreign firms lack the “emotional capital” required to develop Nigeria’s infrastructure. Dr. Babalakin said this at the 60th Anniversary/8th Fellowship Conferment Lecture and Ceremony of the Nigerian Society of Engineers (NSE) in Abuja. Delivering a lecture titled “Constraints of Implementing Infrastructure Projects through Public Private Partnership ...

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How Homelessness affects Children

Homeless Children

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, ...

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The Urban Housing Crisis in Nigeria

urban housing crisis in Nigeria

Housing is a basic necessity of life without prejudice for economic condition. In spite of this, suffice to say that an urban housing crisis exists in Nigeria, not forgetting the fact that housing problem is universal. In this article we take a look at the urban housing crisis in Nigeria One of the basic needs of man is shelter and ...

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The Challenges of Urban Cities In Nigeria

urban cities

Though Nigeria has a couple of urban cities that attract foreigners, visitors and investors, these cities rapid rate of urbanization does come with its challenges. There are indeed grey areas that need to be looked into for major Nigerian cities such as Port Harcourt, Abuja, Lagos, Calabar and Enugu to attain their full potentials. A critical assessment of the bottlenecks ...

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UN Raises Concern Over Canada’s Persistent Housing Crisis

UN Raises Concern Over Canada’s Persistent Housing Crisis

In a report released Monday, the UN Committee on Economic, Social and Cultural Rights expressed “concern about the persistence of a housing crisis” in Canada and called on Ottawa to bring in a national housing strategy that recognizes the right to housing. The committee also urged Canada to ensure homeless people and other disadvantaged groups have access to the judicial ...

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FMBN boss blames high interest rates for housing crisis

FMBN boss blames high interest rates for housing crisis

The Managing Director of The Federal Mortgage Bank of Nigeria, Mr. Gimba Ya’u Kumo, has blamed the high and unaffordable interest rate systems used by many mortgage institutions as a major cause of housing crisis in Nigeria, saying that most Nigerians could not afford to tap into the current interest rate regime. He further listed the lack of long-term finance ...

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