Tag Archives: housing in Nigeria

Despite the economic downturn in the country, Tobykemsworth, a real estate developer has launched Honeywells Garden in Maryland, Lagos. According to The Guardian, Honeywell’s Garden is conceived as an estate for medium and high-income earners and choice prototypes and building design. Future house owners in the estate backed with the Governor’s consent and Certificate of Conveyance are left with different ...

The Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique and Real Estate Developers Association of Nigeria (REDAN), have signed a $2 billion Memorandum of  Understanding to provide affordable housing for Nigerians. New Telegraph reports that Mr. Richard Esin, the Acting Managing Director of FMBN, said the  MoU was the first critical journey aimed at providing affordable housing for Nigerians. The ...

As a result of the present economic recessing facing the country, some house-owners in the Federal Capital Territory (FCT) have reduced their house rents so that people can afford the houses. NAN reports Many houses in the FCT have remained unoccupied as many people can no longer afford to pay rents due to the harsh economic situation. NAN checks revealed ...

Owing to the lack of accurate data on housing in Nigeria, that can help policy-makers address problems in the sector, the Federal Housing Authority (FHA) has announced plans to work with other agencies on the development of a national housing profile for the country. The Guardian reports that the impressive growth in the housing sector, little had been done to ...

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 ...

The Federal Government has invited experts to make vital inputs into its Medium Term National Economic Plan. Vanguard reports that the experts include Prof. Akpan Ekpo; Prof. Olu Ajakaiye; Prof Joe Umoh; Dr. Obadiah Mailafia; Dr Ayo Teriba; Dr Dotun Sulaiman; Dr Ayo Salami; Mr Boda Agusto; Mr Bismarck Rewane; Mr Frank Nweke; Engr Mansur Ahmed; and Mrs Adepeju Adebajo. Vanguard ...

The Guardian reports that Frontline Primary Mortgage Bank (PMB), Lagos Building Investment Company Plc (LBIC), has kick-started the renewal of all estates under its purview to enhance their economic value and make them safer for residents. According to The Guardian, the company also repositioned itself as the premier mortgage institution creating opportunity for ownership of good quality, contemporary and well-maintained ...

Vanguard reports that a civil society organisation, the Save Lagos Group has raised an alarm over widespread abuse of the Lagos State Tenancy Law by house owners in the state, with a call on the state government to live up to its obligations of enforcing the law. Vanguard reports that according to the Save Lagos Group, there is the need ...

The Lagos Chapter of the Estate Rent and Commission Agents Association of Nigeria (ERCAAN) has called for the upgrading of the State’s Real Estate Transaction Department (LASRETRAD) to an agency. The Guardian reports that the upgrade, they said would help in proper regulation of agency practice and  distinguish genuine professionals from quacks. The body had been bedeviled with controversy over the ...