Tag Archives: housing sector

Some operators in Nigeria’s building sector say the benefits of the country’s independence have not been felt in the housing and construction industry. They urged the leadership to prioritize the industry for Nigeria’s economic revival. They insisted that the federal and state governments should stimulate the economy through the housing and construction industry, which has been “left unattended for a ...

Enugu State Housing Development Corporation (ESHDC) said it is poised to compete favourably with its contemporaries in the private sector of the Real Estate Sector, with a view to providing affordable housing to the public. General Manager of the Corporation, Mr. Chukwuemelie Agu, disclosed this while commissioning an office outlet at the Departure Lounge of the Akanu Ibiam International Airport, ...

Experts in the realty sub-sector have revealed that a conducive and energised housing sector could boost Nigeria’s economic recovery strategies. They made the submissions through a housing development group platform in Abuja. A real estate expert, Mr. Victor Mayowa wondered why federal government is yet to understand that a virile housing sector is critical to economic recovery. He lamented that ...

Stakeholders from the government and private sectors of the Nigerian housing sector have called for reinvention of the wheels to reform the nation’s housing industry. They are holding a two-day workshop on the Model Mortgage and Foreclosure Draft Bill in Abuja. The objective is to de-risk the housing environment. Deputy governor of the Central Bank of Nigeria (CBN) on financial ...

Prof. Yemi Osinbajo would be declaring open the 12th edition of the Abuja International Housing Show, aimed at boosting housing investment in Nigeria. Festus Adebayo, Managing Director, FESADEB Communications Ltd., and the convener stated this in an interview with the News Agency of Nigeria on Monday in Abuja. The housing show which is the largest real estate festival in Africa ...

Bearing in mind the late passage of the 2018 budget and the fact that only 50 per cent of what was budgeted for the housing sector in 2017 was released, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed fears that the sector might not receive up to 25 per cent of its allocation for 2018. Citing so ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has disclosed plans to create verifiable data for prospective investors in the housing sector. Chairman of the Lagos branch of the institution, Rogba Orimolade, stated this yesterday during a courtesy visit to The Guardian in Lagos. He said the initiative, to be spearheaded in Lagos, would address the shortfalls in the ...

Mr. Rowland Abonta, the National President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), at the weekend, reiterated that efforts were in high gear to curtail quackery in the housing and construction profession, urging potential investors to always insist on professionals. NIESV is the highest decision making body for all practising estate surveyors and valuers across the country. Abonta, ...

Shelter Rights Initiatives, a Non-Governmental Organisation (NGO), has appealed to the Federal Government to replicate its laudable agricultural sector programmes in the housing sector to solve housing deficit. The President of the NGO, Mr Festus Adebayo made the call in Abuja on Saturday. The official said that the Federal Government’s Anchor Borrowers’ Programme (ABP) for an agricultural loan should be ...

The Building and Construction sector is very crucial in any nation’s social and economic development. There are many factors responsible for this. This article gives an overview of the building and construction sector in Nigeria. Apart from the Building and Construction sector’s potential with respect to employment generation, the various activities undertaken in the sector are very germane to fostering ...