Tag Archives: Housing deficit

After several consultations with relevant stakeholders in the built sector, the Real Estate Development Association (REDAN)), an umbrella body of all registered real estate developers in Nigeria, is set to sign a memorandum of understanding (MoU) with Family Homes Funds to build 100 housing units in each of the 774 local government in the country.  Family Homes Fund (FMF) is ...

Shelter plays a critical role in human existence, without which peaceful co-existence would be dreadful. Irrespective of its intrinsic value, Nigeria is challenged with population growth, a situation that had increased squatter and slum settlements across major cities in the country. With an annual population growth rate of 3.5 percent, Nigeria needs additional one million housing units annually to reduce ...

The Permanent Secretary in the Lagos State Ministry of Housing, Mr. Wasiu Akewusola, has said that the State Government will only entertain applications for housing transactions that are accompanied by evidence of tax payments by applicants. Speaking during a stakeholders’ meeting in Alausa, Ikeja, Akewusola maintained that the State government, through the Ministry or any of its Agencies, will not ...

Stakeholders and industry experts are seeking ways to tackle the challenge of housing deficit, starting with palliative measures. The stakeholders said it had become necessary for the government and private sector to emulate a former governor of Lagos State, Alhaji Lateef Jakande, who in his capacity as the first democratically elected governor of the state implemented policies that created about ...

Enyeribe Ejiogu, Olakunle Olafioye, Henry Okonkwo (Lagos), Chuks Onuoha (Umuahia), Tony Osauzo (Benin), Jeff Amechi Agbodo (Onitsha), Jude Chinedu (Enugu), Noah Ebije (Kaduna) In keeping with the electoral promises of the All Progressives Congress (APC) in 2015 and 2019, Nigerians who had hoped to see real steps towards ameliorating the housing deficit situation in the country may have again been ...

To address its eight million units housing deficit, the Lagos State government has expressed readiness to partner with interested and capable investors in the real estate sector. Commissioner for Housing, Mr. Moruf Akinderu-Fatai, said this in his Ikeja office while reviewing the activities of the ministry. He described the housing deficit in the state as quite huge, particularly in the ...

The Federal Government on Thursday restated commitment to address the housing deficit through the cooperative societies that have lands across the country. Mr. Babatunde Fashola, Minister of Works and Housing said this when the Coalition of South-South Chamber of Commerce, Industry, Mines, and Agriculture visited him in Abuja. Fashola said the Federal Government alone cannot solve housing deficit noting that ...

Minority Whip House of Representatives, Gideon Luka has promised to formulate implementable laws to address housing deficit in the country. Luka, who spoke in Abuja at the Archibuild 2019 Exposition with theme: “Driving Nigerian Architecture through Technology’’, said the House would also ensure that the Nigerian Institute of Architects (NIA) was supported and protected. Luka advised the gathering to work ...

Shelter Afrique, a non-governmental organisation, is to invest 180 million dollars in five years toward addressing Nigeria’s housing deficit, its Managing Director, Andrew Chimphondah, said on Tuesday in Abuja. Mr. Chimphondah told the newsmen that the investment period would span from 2019 to 2024. He said that Nigeria was a strategic market for Shelter Afrique, adding that the outfit’s shareholders ...

Owing to other factors not limited to prolonged economic hardship and low purchasing power, landlords and tenants have been caught in the web of race for smaller apartments. Dayo Ayeyemi reports There is a shift in the demand for accommodation in the real estate market as many landlords are converting their three and four bedroom apartments to one room, room ...