The Federal Mortgage Bank of Nigeria (FMBN) and leading labour unions have agreed to begin the implementation of a national affordable housing programme for workers. FMBN is kick-starting the scheme in two states and Abuja, in conjunction with the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the Nigeria Employers’ Consultative Association (NECA). The project will start next month ...
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FMBN invests over N197b in 26,000 housing units
The Federal Mortgage Bank of Nigeria (FMBN) says it has invested over N197 billion to deliver over 26,000 housing units in the country since its creation. The Managing Director of the bank, Arc. Ahmed Musa Dangiwa, stated this at the 2018 edition of ArchiBuilt, an annual exhibition of latest trends, technologies, systems and policy issues in the building industry, holding ...
Read More »Lagos promises prospective homeowners allocation in October
The Lagos State Government (LASG) has reassured prospective homeowners that they will celebrate the next Christmas in their new homes, saying allocation of the houses will start in October. The state Commissioner for Housing, Mr. Gbolahan Lawal, said this after an inspection tour of some of the housing projects in parts of the state on Wednesday. Lawal said that the ...
Read More »Delta approves N600m Loan to construct 10,000 housing units
The Delta House of Assembly on Tuesday approved the request by the executive to obtain a revolving N600 million loan from United Bank of Africa for a 10,000 housing unit project. The approval of the request followed a motion moved by the Majority Leader, Mr. Tim Owhefere, at plenary in Asaba which was seconded by Daniel Mayuku (PDP-Warri South-West) Leading ...
Read More »Stakeholders seek clarifications from FG on proposed 100,000 housing units
The plan by the Federal government to deliver 100,000 units of affordable homes to Nigerians, under a social housing scheme annually, has been attracting the attention of those in the housing sector, asking for more clarification on the issue, especially, the modality at which the project will be delivered. The Minister of State for Power Works and Housing II, Hassan ...
Read More »FG partners NSIA, others to provide 500,000 homes
The Federal Government, through its Ministry of Finance is partnering with the Nigerian Sovereign Investment Authority (NSIA) and other players in the housing sector to provide 500,000 houses to prospective homeowners by 2023. The proposed homes, which is said to be the largest affordable housing focused fund in sub-Saharan Africa is set to provide 1.5million jobs that will positively impact ...
Read More »Governor Dickson pledges to build more housing units to decongest Yenagoa
Bayelsa State Governor, Honourable Henry Seriake Dickson has assured workers on the timely completion of the ongoing low-cost housing units in Ayama and Agbura in Southern Ijaw Local Government and Yenagoa Local Government Areas of the state. He said on completion, the projects will decongest Yenagoa, the state capital and as well afford low-income earners the opportunity to own affordable ...
Read More »Aliko Dangote set to commission 200 housing units for IDPs
In a bid to assist the Federal Government to embark on rehabilitation of Internally Displaced Persons (IDPs), in parts of the insurgency-ravaged areas in the North East, Aliko Dangote Foundation has concluded plans to commission a multi-billion naira housing estate. Chief Executive Officer of Aliko Dangote Foundation, Mrs. Zouera Youssoufou, said the commissioning of the 200 housing units for IDPs ...
Read More »June 14: Osinbajo set to commision 1000 housing units in Edo State
Determined to address the housing shortage in Edo state, the government has concluded plans for the building of 1, 800 housing units through a joint-venture partnership between the Edo Development and Property Agency (EDPA) and MIXTA Africa, a private real estate developer. Governor Godwin Obaseki who disclosed this yesterday in Benin said that arrangements are in top gear for Vice ...
Read More »Ambode promises Lagosians 14,187 housing units
Report has it that the Lagos State Governor Akinwunmi Ambode has promised to deliver 14,187 housing units before the next two years, across the state. Meanwhile the governor, who spoke yesterday, through Commissioner for Housing, Prince Gbolahan Lawal, said this would be achieved through a joint venture partnership, under its housing programme tagged: Lagos Affordable Public Housing (LAPH) initiative. Through ...
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