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Tag Archives: Housing deficit

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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AHCN partners state governments on construction of mass housing

AHCN

The Association of Housing Corporations of Nigeria (AHCN), has expressed its preparedness to partner with state governments to make affordable housing available to Nigerians. Mr. Mohammed Adamu, the President of AHCN, made the call in Abuja at the opening of a two-day workshop and the 98th Council Meeting of the association. The theme of the workshop is “Tackling Housing Deficit ...

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Stakeholders demand special fund for housing deficit

infrastructure

Stakeholders in the housing sector have urged the federal government to immediately work out a modality to establish a special intervention fund to take care of the housing deficit of Nigerians. They made the call in Abuja at the 2nd annual Nigeria Housing Finance Conference and Affordable Housing fair 2018 organised by the Nigeria Integrated Social Housing Cooperative Society Limited ...

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Major reason for housing problems is lack of political will – NIESV Chairman

NIESV

To address the nation’s increasing housing deficit, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) plans to showcase alternative building techniques in its 6th national housing summit. The summit, organized by its housing faculty is themed: “Alternative Building Techniques for Mass Housing Delivery”, and holds on Monday next week at NAF Centre, Abuja. Chairman of the summit planning committee, ...

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Expert suggests establishment of housing corporations as solution to housing deficit

Housing corporations

A stakeholder in the building environment, Mr. Toye Eniola has claimed that the establishment of Housing corporations is the solution to the huge housing deficit bedeviling the country. Nigeria’s housing deficits have been put at 17 million. Eniola, who is the Executive Secretary, Toye Eniola of the Association of Housing Corporations of Nigeria (AHCN), spoke in an interview recently in ...

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3000 residents benefit from LASG’s rent-to-own scheme

rent-to-own

No fewer than 3,000 residents have so far benefited from the Lagos State Government’s Rent-To-Own schemes, according to the Commissioner for Housing, Mr Gbolahan Lawal. Lawal said in an interview that the state’s housing policies captured both those in the formal and informal sectors. He said that the informal sector constituted about 65 per cent of the population of the ...

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FMBN partners Labour to provide 2,800 unit housing scheme for workers

FMBN

The Federal Mortgage Bank of Nigeria (FMBN) and leading labour unions have agreed to begin the implementation of a national affordable housing programme for workers. FMBN is kick-starting the scheme in two states and Abuja, in conjunction with the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the Nigeria Employers’ Consultative Association (NECA). The project will start next month ...

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Insurance brokers seek FG’s support on housing projects

Housing projects

The Nigerian Council of Registered Insurance Brokers has urged the Federal Government to incorporate appropriate insurance policies into its housing projects. The President of the council, Mr. Shola Tinubu, who recalled that the Federal Government recently announced that N197bn was spent on the construction of 26,002 houses and the renovation of 13,953 homes across the country, stressed the need to ...

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