Tag Archives: Housing deficit

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 ...

An estate surveyor and valuer, Chief Kola Akomolede, has revealed plans to shed more light on some of the challenges confronting the housing sector, with a view to helping stakeholders find solutions to them. Akomolede said the thoughts had been captured in a book entitled ‘40 years of housing discourse’, a compilation of some of his articles which had been ...

The General Manager of West African Ceramics Ltd, foremost manufacturer of the ROYAL brand of tiles, grouts and tile adhesives, Mr. Bhaskar Rao, has stated that the idea behind opening of ultra-modern showrooms across the country known as Royal Exclusive Showroom stocked with the company’s range of products is basically to support affordable housing in Nigeria. Rao disclosed this at ...

The Federal Capital Territory Administration (FCTA) is set to address 1.7 million housing deficit in Abuja through Public-Private Partnership program initiated to benefit many low-income earners. FCT Minister Malam Muhammad Musa Bello made this declaration at the 12th Abuja international Housing Show in Abuja. The minister said that the government had formulated a National Housing Policy since 1991 to ease ...

Housing market- A decade’s worth of new hotel supply in Lagos is cause for concern for operators and authorities. Reports show that investors in hospitality development are now converting homes to hotels in many viable locations in the metropolis. They are targeting the huge population of their market. This growing investment has resulted to many residential buildings giving way for ...

Nigeria currently has 17 million housing deficit and would require building one million housing units yearly to bridge the gap in 20 years Vice President of Nigeria, Professor Yemi Osinbajo, and the Minister of Power, Work and Housing, Mr. Babatunde Fashola, will be leading other international experts, chief executives of real estate companies and mortgage institutions to seek solutions to ...

Bearing in mind the late passage of the 2018 budget and the fact that only 50 per cent of what was budgeted for the housing sector in 2017 was released, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed fears that the sector might not receive up to 25 per cent of its allocation for 2018. Citing so ...

The Federal Government, through its Ministry of Finance is partnering with the Nigerian Sovereign Investment Authority (NSIA) and other players in the housing sector to provide 500,000 houses to prospective homeowners by 2023. The proposed homes, which is said to be the largest affordable housing focused fund in sub-Saharan Africa is set to provide 1.5million jobs that will positively impact ...

This article is a brief but detailed analysis of real estate market in Nigeria and how it contributed to GDP based on the report of Nigeria Bureau of Statistics (NBS) report. It is unarguable that the Real Estate market offers a great potential source of growth for Nigeria’s GDP. The real estate industry has been repeatedly touted as an undoubted goldmine ...

Secretary to the Government of the Federation, Boss Mustapha has advocated for a comprehensive social housing roadmap to tackle the huge housing deficit in the country and entrench policy sustainability in the sector. According to a statement from his media office, the SGF stated this when he received in audience the bard members of the Federal Housing Authority in his ...