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Tag Archives: Housing deficit

Housing deficit: N16trn from CBN, PenCom, others to boost sector

CBN

With a whopping N16 trillion from Central Bank of Nigeria (CBN), the Pension Scheme, Mortgage institutions and other related financial services organisations, Nigeria’s housing sector is set to receive a boost. Efforts are being made to allow pension contributors to access 25 per cent of the savings in their respective Retirement Savings Accounts(RSAs) for mortgage finance. In order to facilitate ...

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School of estate, others advocate to tackle housing deficit

School of Estate

LAGOS, Nigeria, March 28, 2019 A Special Interest Group (SIG) comprising individuals operating in the real estate sector have come together under the aegis of the School of Estate to address the myriads of lingering housing challenges in Nigeria. As part of a triangulation approach for scientific policy work on challenges and opportunities in funding housing development projects in Nigeria, ...

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Odu’a Investment partners UK-based company to address housing deficit in Ibadan

Odu’a Investment

The Odu’a Investment Company Limited (OICL) has signed a Memorandum of Understanding with the United-Kingdom-based Iconic City Ltd for the development of its 3.8 hectares of land opposite Nigeria Breweries Ltd, Alakia, Ibadan, Oyo State, into a vast residential housing estate. Odu’a Investment is a business conglomerate jointly owned by the six states in the south west of Nigeria, viz ...

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Experts urge Buhari to prioritise mass housing development

Buhari

Some operators in the housing and construction industry have congratulated President Muhammadu Buhari on his re-election, tasking him to approach the issue of housing, especially mass housing, with all seriousness. The experts told the newsmen in Lagos that the president had not done much in tackling the nation’s housing shortfall which stood at 17 million in spite of his remarkable ...

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Niger pledges to ease acquisition of land for second phase of NHP

NHP

The Niger Government says it will remove obstacles hindering acquisition of land for the second phase of the National Housing Programme (NHP). Mr. Sani Lafiya, Director General, Projects Monitoring and Documentation, Governor’s Office, spoke during an inspection of the Minna NHP site, first phase by North Central Zonal Director, Mr. Valentine Nwaimo. Nwaimo was in the state in the company ...

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Sokoto NHP project reaches 95% completion – Official

NHP

The North West Zonal Director, National Housing Programme (NHP) in the Federal Ministry of Power, Works and Housing, Architect Joseph Toluhi Wednesday said the NHP project in Sokoto state has reached the 95 percent completion stage. Toluhi who spoke while on the inspection tour to the project site in Sokoto also pledged the commitment of the Federal Government to the ...

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Housing deficit: NIQS kicks against monopoly of knowledge

NIQS

The President, Nigerian Institute of Quantity Surveyors (NIQS), Mr.Obafemi Oluwole Onashile, has cautioned that while addressing the huge housing deficit in Nigeria, the adoption of monopoly knowledge should be jettisoned. To this end, he posited that housing crisis in Nigeria requires a robust collaborative strategy by all professionals in the housing sector. Onashile, who spoke in an interview in Abuja ...

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NASS commends FMBN’s efforts in tackling housing deficit

FMBN

The Senate Committee on Housing has lauded the management of the Federal Mortgage Bank of Nigeria (FMBN) for their efforts to reposition the bank as the leading mortgage institution and provider of affordable social housing in the country. The committee, led by its chairman, Sen. Barnabas Gemade, gave the commendation during their oversight visit to FMBN head office in Abuja. ...

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Developers should consider property market before building – ESVARBON

property market

The reason for the massive number of empty houses across the country despite the huge deficit in the housing sector is because most developers of the properties failed to consider property market demands, the Estate Surveyors and Valuers Registration Board of Nigeria has said. According to ESVARBON, there are so many unoccupied completed houses in virtually all states in Nigeria, ...

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