Tag Archives: housing deficit in Nigeria

UACN Property Development Company (UPDC) Plc, last week unveiled another residential project in Lagos, The Residences, which is a milestone towards reducing the huge housing deficit in Nigeria in general and Lagos in particular. According to The Guardian, The Residences, located within the former Durban Hotel, now Golden Tulip Festac Hotel, Janet Fajemigbesin Street, Off Festac Link Road, Amuwo Odofin, ...

Owing to the situation of housing deficit in Nigeria, a Lagos-based real estate development company, Sage Homes, has launched a housing project known as The Palms Resort & Residences, a luxurious, resort-cum- residential upmarket development located in the Lekki Free Trade Zone area of Lagos State. Vanguard reports that the development, modeled on the iconic Palms Jumeirah in Dubai, covers five hectares ...

The Federal Government has solicited the support of China-Africa Development Fund (CADFund) to finance housing development in Nigeria, in order to bridge the housing deficit in the country. The Head of Service of the Federation (HoS), Mrs. Winifred Oyo-Ita, made the plea when an eight-man delegation of CADFund paid her a courtesy visit in Abuja. According to Vanguard, Mrs. Winifred Oyo-Ita said ...

The executive Director of NatanelFlorens, Yinka Daramola, in an interview with Punchng correspondent says the government and the private sector could explore the rent-to-own initiative as an answer to the housing challenge in the country. What is your assessment of the real estate sector? The real estate sector in Nigeria is clearly underdeveloped. There’s still a lot to be done in ...

Mr. Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed to address the housing deficit in the country. Kumo said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He also listed ways of addressing the housing deficit in the country. “We are all ...

Stakeholders in the housing sector are of the opinion that unless a proactive policy is put in place by the government, the nation will continue to record huge housing deficit. Some of them, who spoke at a two-day workshop for housing researchers and lecturers organized by the Centre for Housing Studies, University of Lagos, noted that the incoming government must ...

The Federal Government, last weekend inaugurated the Technical Board, TB and Interim Management Board, IMT, of the Federal Housing Authority, FHA, with a charge to turn around the dwindling fortunes of the authority in the next 18 months. The Government said it is dissatisfied with the performance of the agency which has failed to fully achieve its mandate since inception ...