Tag Archives: Housing deficit

Ogun State Government has restated its commitment in the provision of more affordable housing units for the people of the State. The General Manager of the State Housing Corporation, Arch. Jumoke Akinwunmi stated this while playing host to a delegation from the West Africa Portland Cement Company (WAPCO) operations, a subsidiary of Lafarge Africa PLC in Abeokuta. Akinwunmi, in a ...

Mr. Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed to address the housing deficit in the country. Kumo said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He also listed ways of addressing the housing deficit in the country. “We are all ...

Stakeholders in the housing sector are of the opinion that unless a proactive policy is put in place by the government, the nation will continue to record huge housing deficit. Some of them, who spoke at a two-day workshop for housing researchers and lecturers organized by the Centre for Housing Studies, University of Lagos, noted that the incoming government must ...

The Governor of Lagos state, Babatunde Raji Fashola, on Thursday said home ownership through mortgage was the only way to address the problem of housing deficit in the country. The governor spoke at the inauguration of Chois Estate, a housing estate in Lekki area of the state. NAN reports that the 420-unit estate of bungalows and duplexes was delivered by ...

Whilst we may be complaining against the Nigerian government and economy in respect to the huge housing deficit we currently have in the nation, it should be of interest to you that the grass is not greener on the other side of the world. Even Americans have their fair share of housing Problems. According to the The Guardian, many people ...

The housing deficit in Nigeria, estimated at 17 million units has created immense opportunities in the country’s real estate sector, making it a preferred destination for local and foreign investors. The middle to the lower-middle class market alone needs about four million housing units, representing about 20-25 percent of the deficit and Richard Nyong, CEO of Lekki Gardens Limited, estimates ...

The Federal Government of Nigeria is working to raise the share capital of the Federal Mortgage Bank of Nigeria (FMBN) to N250 billion within the next few months in order to enable it tackle the country’s housing deficit, according to its Managing Director, Gimba Ya’u Kumo. Ya’u Kumo who spoke at a send forth/ welcome dinner organised by the bank ...

Reducing housing deficits requires a number of essential ingredients to be in place to ensure a well-functioning housing finance system. This means achieving macroeconomic stability, effective legal and regulatory infrastructure, and ensuring appropriate levels of government intervention and support. In Nigeria with its underdeveloped housing finance systems or systems that only provide access to finance for high-income households, forcing low-income ...

In this interview, Otunba Tunji Sotimirin shares his views on various aspects of real estate and housing issues arising in Nigeria. He also has some very insightful messages for real estate investors, developers and practitioners in general. The youths are not left out too, just as he also has something to say about retirement. Please read and leave your comments. ...

In a bid to rebuild the landscape of the state under its urban development programme, the Ogun State Government has finally sealed a deal with a concessionaire for the development of a new settlement that would be known as a Mitros city. Mitros, an acronym for Mission To Rebuild Ogun State, is a new housing estate, to be sited by ...