Tag Archives: housing sector

Lagos State Governor, Akinwunmi Ambode, on Thursday, urged residents to take advantage of the state’s Rent-To-Own and Rental Housing policy to become house owners and address housing problems in the state. Vanguard reports that Ambode, represented by his Deputy, Dr Idiat Adebule, made the call at the flag-off of the Rent-To-Own and Rental Housing policy in Sir Michael Otedola Estate, ...

In spite of the economic situation in Nigeria, Pazino Engineering Company, marketers of real estate products has revealed plans to launch a new estate called Celebrity Ville. The Guardian reports that the Managing Director and Chief Executive Officer of the company, Patrick Agbaza, who disclosed this at an event organized by the firm to reward its agents under the Pazino Multi-Level Marketing ...

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 ...

The Nigerian Society of Engineers (NSE) has urged the Federal Government to pay more attention to the housing sector, as it has potentials and capacity to help in revamping the economy. According to The Nation, the President, NSE, Mr. Otis Anyaeji, made this known at a World Press Conference held by the body in Abuja, recently. According to him, trends in ...

Nigeria’s housing deficit stands at 17 million units and the estimated cost of bridging this gap is N59.5trn. Industry estimates suggest that about 100,000 new houses are built each year in Nigeria, compared to estimated demand of 700,000 units.  The FGN recently disclosed plans to build 360 houses in three pilot states, develop a “Rent to Own” housing scheme for ...

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has called for government, private sector partnership to address the nation’s housing deficit. The minister made the call at the 10th Abuja Housing Show (AHS) and Construction Industry Exhibition in Abuja on on Monday. The News Agency of Nigeria (NAN) reports that the three-day show has its theme as “Expanding ...

Chief Olabode Afolayan is the Chairman of Housing Developers Cooperative Society (HDCS) and past President, Real Estate Developers Association of Nigeria (REDAN). In this interview he notes that the Housing sector has been identified as a sector that can create a lot of employment for the people and will help jump start the economy. Read excerpts below: Now that we ...

The housing sector presents great opportunities for the realization of the youth employment objectives of the Muhammadu Buhari administration, Managing Director of the Authority, Professor Mohammed Al-Amin has said. Professor Al-Amin made this known in Abuja while receiving the Exemplary Leadership of Excellence Award conferred on him by the Arewa Youth Parliament. He said the sector had about 78 housing ...

Some stakeholders in the housing sector have called for strict adherence to master plans to boost regional and urban planning in the country. The stakeholders who spoke to the News Agency of Nigeria (NAN), in Abuja on Saturday, explained that lack of master plan could bring set back and severe housing challenges in the country. Mr. Desmond Chieshe, Director, Initiative ...

Mr Festus Adebayo, the Managing Director, FESADED Communications Ltd, has advised the Federal Government to develop the required “political will’’ to address housing deficit in the country. Adebayo gave the advice in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said having the political will would enable the government to foster a vibrant private ...