Tag Archives: housing units

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and half months ago.”- Vanguard Hundred ...

“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 ...

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 ...

“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 ...

The Federal Mortgage Bank of Nigeria (FMBN) has disclosed that N1.4 billion have been expended for the development of 379 housing units in Niger State just as the Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri, said the nation needs 17 million houses to meet up with the challenge of housing deficit. The minister, who stated ...

News according to Business Day has it that Kano State Government said it was on course to deliver 2,000 houses currently under construction for low income earners in the state. Governor Abdullahi Ganduje made the commitment in a message to the opening of the 96th Council Meeting of the Association of Housing Corporations of Nigeria held in Kano on Tuesday. Represented by his ...

According to Vanguard, Minister of State for Power, Works and Housing,  Mustapha Shehuri, has assured that the present administration is determined to bridge the 17 million housing deficit confronting the nation. Giving the assurance at the commissioning of the FMBN/Lape Estate, Karu, developed by Lape Construction Services Ltd. under a public private partnership (PPP) arrangement, with Platinum Mortgage Bank Nig. ...

The Federal Government is committed to providing affordable housing to cover up for housing deficit in the nation.  According to Channels Television, the Minister of State for Power, Works and Housing Mustapha Baba Shehuri stated this while commissioning 205 housing units at Karu in Nasarawa state which was financed by the Federal Mortgage Bank (FMB) through the National Housing Fund. ...

Mr. Babatunde Fashola, Minister of Power, Works and Housing, has said that Nigeria needs 17 million houses to meet its housing deficit. “Speaking during the commissioning of the Federal Mortgage Bank of Nigeria and Sea Mountain 133 Housing Estate in Minna, Niger State, the minister said: “The ministry will continue to strive to ensure that the challenge of housing deficit, ...

“There was jubilation in Abakaliki, the Ebonyi State capital on Thursday as Workers in the state were handed over keys of 72 housing units constructed by the Federal Mortgage Bank of Nigeria (FMGN).”- Leadership reports. According to Leadership, the Acting Managing Director of the Bank, Mr Richard Esin said the project known as the FMBN/Ebonyi State Housing Development Corporation’s housing estate, ...