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Tag Archives: Housing development

Expert tasks architects on local content in designing low cost housing


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 ...

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High construction cost affects property market

construction cost

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 ...

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REDAN President says real estate business will boom soon

real estate

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 ...

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Nigerian Army debunks sale of barracks land in Warri

Nigerian Army

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. ...

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REDAN honours FMBN, others for housing development


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 ...

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FMBN partners state government to provide affordable houses

Affordable houses

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 ...

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Debo Adejana Real Estate Seminar Returns in November

Debo Adejana Real Estate Seminar

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 ...

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OGSHC begins re-development of a site on Ibara GRA-Onikolobo link road

Ibara GRA-Onikolobo link road

“The Ogun State Housing Corporation (OGSHC) has begun the re-development of a 3,130 square metre (sqm) site on Ibara GRA-Onikolobo link road in Abeokuta, the state capital.”- The Nation Its General Manager and Special Adviser to the Governor on Housing Development, Olajumoke Akinwunmi, spoke yesterday in Abeokuta. Akinwunmi said the project is among initiatives of the Ibikunle Amosun administration to ...

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Housing sector : Developers still see gloom despite exiting economic recession

17 million housing deficit

“IN spite of the cheering news that the country is getting out of  economic recession, the bleak outlook of the housing sector of the nation’s economy will remain a major cause for concern for real estate developers and the survival of their businesses in the country.”- Vanguard This is because developers have been churning out housing units in different parts ...

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Financial Sector loans to housing industry yet to pick up

Dr Okonkwo says real estate industry needs financing like others

“The volume of financial packages in the forms of loans and mortgage finances, which Nigerian banks traditionally provide to the country’s housing industry remain very low and yet to pick up from the country’s decent into an economic recession, the Nigerian Institute of Architects (NIA) has indicated.”- This Day According to NIA, though the federal government had insisted that Nigeria ...

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