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Tag Archives: Housing Scheme

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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Governments urged to give tax incentives to increase housing supply

increasing housing supply

“Governments at federal and state levels have been urged to give tax incentives, such as a holiday, for cooperative societies investing in real estate to enable them increase housing supply and ultimately drag down house prices for buyers, especially the low income earners.”- Business Day Meckson Innocent Okoro, an estate surveyor and valuer, who made this call recently, also urged ...

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Police to begin owner-occupier housing scheme- DIG

Police to begin owner-occupier housing scheme- DIG

According to The News, The Deputy Inspector General of Police [DIG] in charge of Training and Development, Mr Emmanuel Inyang, on Wednesday said arrangements have been made to enable police personnel own residential houses before retirement. Inyang was quoted in a statement to have said that the scheme, which had since taken off, was a collaboration between the Nigeria Police ...

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Buhari committed to bridging Nigeria’s 17 million housing deficit —Oyo-Ita

Buhari committed to bridging Nigeria’s 17 million housing deficit —Oyo-Ita

“The Head of Service of the Federation, Mrs Winifred Oyo-Ita, has said that President Muhammadu Buhari, attaches great importance to meeting the housing need of Nigerians and in particular bridging the about 17 million deficit in the housing sector.”-Nigerian Tribune Speaking at a stakeholders meeting in Abuja, Oyo-Ita, said government was particularly concerned about the plight of most civil servants ...

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Federal Housing Scheme: FG pledges equal Opportunities for all Nigerians

Fashola and federal housing scheme

According to Leadership, the federal government has pledged that the housing units to be built under the Federal Housing Scheme (FHS), will be allocated to all Nigerians, irrespective of their states’ of origin and economic status in society. Minister Of Power, Works and Housing, Mr Babatunde Fashola made the pledge yesterday in Maiduguri while speaking to newsmen shortly after inspecting ...

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Immigration partners Federal Mortgage Bank on housing scheme

Stakeholders urge SON to create specialized dept for building materials

“The Nigeria Immigration Service (NIS) has partnered the Federal Mortgage Bank on a N59.7 million social loan facility for the officers and men of the service. Making the disclosure yesterday, spokesman of the NIS, Mr. Sunday James, an Assistant Comptroller of Immigration (ACI) said the loan was part of efforts to enhance the welfare package of the workforce for improved ...

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FG Commissions 100-Unit Housing Estate In Imo

Stakeholders in the housing sector contemplate monthly rent payments

A 100-unit housing estate in Imo State has been successfully completed by the Federal Government under the Ministerial Pilot Housing Project of the Ministry of Power, Works and Housing. According to Channels Television, the project was built through the Federal Mortgage Bank of Nigeria to provide low cost housing for public workers across Nigeria. The Minister of State for Power, ...

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Anambra, FMBN to Provide Houses for Civil Servants

Anambra, FMBN to Provide Houses for Civil Servants

Anambra State government has made it known that it is collaborating with the Federal Mortgage Bank of Nigeria (FMBN) to complete its housing scheme for civil servants in the state. According to New Telegraph, Mr Frank Offor, the state Commissioner for Housing and Urban Development, said in Onitsha that the collaboration was in government’s bid to provide affordable houses for ...

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Lagos HOMS Back On Radar 6 years After Conception

affordable housing pricing

In 2010, the Lagos state government established Lagos Home Owners Mortgage Scheme popularly called Lagos HOMS to reduce the housing deficit of a state whose population stands at over 21 million. This article analysis the some of the pains and a whole lot of the gains of the scheme 6 years after the idea was conceived. Housing deficit and challenges ...

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FMBN & FHA to Sign MOU on National Housing Schemes

FMBN & FHA to Sign MOU on National Housing Schemes

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) have agreed to sign an Memoradum of Understanding (MOU) to meet the President Muhammadu Buhari’s annual target of delivering one million housing units.   The institutions also agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing ...

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