Tag Archives: Housing deficit

When you talk about social housing for the masses, the words that come to mind are cheap, affordable, non-profit driven, mass produced houses that could be occupied by low income earners, who may wish to save towards eventually buying such houses with time. Considering the fact that Nigeria has a housing deficit of about 17 million units, any information that ...

“To further address concerns in the real estate sub-sector, the Lagos Chamber of Commerce and Industry (LCCI) has inaugurated a new group for the sector, even as it tasked the stakeholders on the need to embrace best global practices for sustainable growth.”- The Guardian According to the chamber, while there are prospects in the real estate sector, there are concerns ...

In an interview with Mr Lookman Oshodi of Arctic Infrastructure, we learned about how slums in Lagos state can be reduced and the different ways the Lagos state government can solve the housing deficit issue. Below is the interview by our correspondents- Esther and Lekan with the Project Director, Mr Oshodi. NREH: Good morning sir. First and foremost, we would ...

As at my last count, I realized we have over 50 development companies, trying to market over hundred projects within the Lagos, Ogun and Abuja axis. I stopped counting a long while ago, so you can imagine how much more we would have now. Until recently, when publication houses increased their advert rates, you would always see different advert publications ...

Vanguard reports that the ancient Ikate Elegushi Kingdom has launched an Imperial City Promo project, which would give hard working Nigerians the chance to own a plot of land worth N42m in one of the high brow areas of Lagos State. According to Vanguard, the Imperial International Business City (IIBC), which is the first self-sustaining eco-friendly smart business city in ...

The Nigerian Institute of Architects (NIA), has called on the Federal Government to look into several options to tackle the country’s housing deficit. NIA made this known during a visit to the Minister for Power, Works and Housing, Mr. Babatunde Fashola. The Nation reports that NIA’s President, Tonye Braide, said the institute had developed concepts on mass housing, which proposed an ...

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 ...

In a bid to reduce the high  cost of accommodation  in the South-East  geo-political zone, Enugu State Chambers of Commerce, Industry, Mines and Agriculture, ECCIMA, yesterday, made it known that its maiden Enugu State Housing Forum scheduled to start tomorrow, will bridge the gaps responsible for high cost of accommodation. Vanguard reports that ECCIMA explained it had brokered an arrangement with the ...

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 ...

Nigeria’s housing deficit stands at 17 million units and the estimated cost of bridging this gap is N59.5trn. Industry estimates suggest that about 100,000 new houses are built each year in Nigeria, compared to estimated demand of 700,000 units.  The FGN recently disclosed plans to build 360 houses in three pilot states, develop a “Rent to Own” housing scheme for ...