Tag Archives: Housing development

Housing development is slow because it is choked by several factors These include access to finance, land, materials and resources. Others are access to tilting, governor’s consent and approvals, which have made it impossible to have potent demands for housing as developers are almost choked by demands from the government and her agencies, the Chairman, Real Estate Developers of Nigeria ...

An architectural expert, Mr. Samson Akinyosoye on Tuesday urged developers to adopt environmental-friendly housing designs that would stand the test of time. Akinyosoye, Secretary, Nigerian Institute of Architects (NIA), Lagos chapter made the call in an interview in Lagos. He said that there were also housing designs that do not cost much to construct. According to him, being conscious of ...

The Nigerian Institution of Estate Surveyors and Valuers, (NIESV) has urged housing ministries at federal and state levels to adopt vertical development for increased building spread and infrastructural growth. The institution also advised government to consider vertical development model to improve housing provision rather than the current low built designs. Making the call during an interactive session with newsmen in ...

Mr Dipo Ajayi, President, Architects Registration Council of Nigeria (ARCON), on Friday urged architects to start designing low cost housing using local materials for affordability. Ajayi gave the advice while speaking with the News Agency of Nigeria (NAN) on the sidelines of Lagos Architects Forum 2019, organized by the Nigeria Institute of Architects in Lagos. Ajayi said that using local ...

Caught in the middle of harsh economic realities, the nation’s real estate sector is witnessing a worrisome trend as construction cost increases, developers and investors continue to bow to market forces, thereby reducing the quality of housing deliveries. Construction materials alone constitute over 70 per cent of the cost of housing delivery, especially where low- income households are concerned and ...

Mr. Ugo Chime, the President, Real Estate Developers Association of Nigeria (REDAN), on Thursday said real estate development sector was about to experience a boom. Chime said this on Thursday while speaking on `Real Estate Management’ at an empowerment programme organised by a religious body in Enugu. He said that the boom was as a result of the recent successes ...

The Nigerian Army has described a false allegation made by one Mr. Victor Otomiebo that it has sold off lands meant for barracks in Warri, Delta State. A statement by the Director Army Public Relations, Brigadier General Texas Chukwu, said the allegation was made against the Nigerian Army and the person of the Chief of Army Staff (COAS), Lt. Gen. ...

The Real Estate Development Association of Nigeria (REDAN) has honoured its pioneer president, Dr Lateef Jakande; Federal Mortgage Bank of Nigeria (FMBN) and former board chairman of FMBN, Prof. Akin Mabogunje for their meritorious contributions towards the growth and development of the housing sector. REDAN is the umbrella body of the organised private and public sector responsible for housing development ...

The Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, has unveiled plans to collaborate with states governments for them to provide affordable houses in the estate. He expressed concern during a meeting with 9-member delegation, led by the President of the National Economic Summit Group (NESG), Engr. Kashim Ali, at the FMBN headquarters, yesterday in Abuja. Dangiwa ...

Professionals and stakeholders in the Nigerian Housing Sector have always clamoured that there is no platform as strong and promising for the transformation of the Nigerian economy as the real estate/ housing development sector. The future of real estate development in Nigeria is promising and the potentials are so huge. Though the present indices are negative but the opportunities thrown ...