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Tag Archives: housing units

FG plans to construct 2,700 Housing Units

PM News reports that the Federal Government is planning the construction of 2,700 housing units in the short term to create 105,000 direct jobs, and increase to 100,000 housing units by 2020 to achieve sustainable development. The plan is stated in the Nigeria Economic Recovery and Growth Plan 2017-2020 (ERGP), a copy of which was obtained from the Ministry of ...

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Lagos targets revenue inflow from Jubilee Estate project

Lagos targets revenue inflow from Jubilee Estate project

“Lagos State Government is set to increase its Internally Generated Revenue (IGR) profile through taxes that will accrue from the sale of housing units, Land Use charges and other statutory payments from its new Lagos Jubilee Estate, Iganmu.” – The Guardian The Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this while signing a Memorandum of Understanding (MoU), with Brains ...

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NASS to build 6,000 completely Made in Nigeria housing units

NASS to build 6,000 completely Made in Nigeria housing units

“Dr Beni Goka, Executive Director, Parliamentary Staff Association of Nigeria (PASAN), National Assembly Chapter, says the association is embarking on construction of 6,000 housing units with local materials for staff in Abuja.”- The News Guru He made this known in an interview with the News Agency of Nigeria on Sunday in Abuja. Goka stressed the need for the government and ...

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NASS secures $300M loan for staff housing

Mortgage Credit Rating

“The National Assembly has secured a loan of $300 million for staff housing . It is to build about 10,000 housing units on various locations in the Federal Capital Territory for its core staffers, legislative aides and interested general public to own. The project which is spearheaded by the Parliamentary Staff Association of Nigeria (PASAN) but being coordinated by Clerk ...

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AHCN Plans N500bn Revolving Intervention Fund With CBN

AHCN Plans N500bn Revolving Intervention Fund With CBN

“President/chairman of Council, Association of Housing Corporations of Nigeria (AHCN), QS Mohammed Baba Adamu has disclosed that the professional body has commenced the process of structuring a N500 billion revolving housing intervention fund from the Central Bank of Nigeria (CBN) to facilitate mass housing construction in Nigeria To this end, he confirmed that the association has created an off-takers database ...

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Professionals seek synergy to achieve quality housing

Professionals seek synergy to achieve quality housing

The Guardian reports that professionals in the building sector have solicited cooperation among the key players to achieve quality housing in the country. They made the call at the opening of the 2017 edition of Lagos International Housing Fair, which had participants from within and outside the country. The Chairman, Lagos International Housing Fair Committee, Moses Ogunleye, said professionals, researchers and government ...

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‘FMBN, REDAN, Shelter Afrique to create $2b affordable housing fund’

54,680 jobs in housing sector

“Some stakeholders have agreed to pool resources to tackle the housing problem headlong. This is by ensuring  improved access to credit facility and reducing development costs for low-income housing.”- The Nation The Federal Mortgage Bank of Nigeria (FMBN), Real Estate Developers Association of Nigeria (REDAN) and a pan-African finance institution, Shelter Afrique have joined forces to create a $2 billion ...

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Nigerian govt provides N500 billion to FMBN for mortgage facilities

Nigerian govt provides N500 billion to FMBN for mortgage facilities

Premium Times reports that the Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria, FMBN, to make mortgage facilities easily available to Nigerians. Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Silas Agara. The News ...

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FMBN Spends N1.4bn In Niger

Wemabod launches N3 billion Unity House redevelopment

“The Federal Mortgage Bank of Nigeria (FMBN) says it has spent N1.4bn for the development of 379 housing units in Niger State, as part of effort to bridge the 17 million housing gap in the country. Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri who stated  this at the commissioning of the FMBN and Sea Mountain ...

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