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Tag Archives: Housing

Embracing New Technologies To Reduce Housing Deficit

housing

Shelter plays a critical role in human existence, without which peaceful co-existence would be dreadful. Irrespective of its intrinsic value, Nigeria is challenged with population growth, a situation that had increased squatter and slum settlements across major cities in the country. With an annual population growth rate of 3.5 percent, Nigeria needs additional one million housing units annually to reduce ...

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New National Housing Fund – Summary and Critic

housing

Introduction  Shelter or Housing is one of the very important, basic needs of mankind. Unfortunately, the acquisition of Land and Houses continue to be a herculean task; principally due to an ineffective Land Tenure System, with a double-digit interest rate financial environment. The now-repealed National Housing Fund Act Cap. N45, which created the National Housing Fund to assist with the ...

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AHCN seeks ways to transform housing agencies

housing

The Association of Housing Corporations of Nigeria (AHCN) will be training its agencies on how to achieve productivity and profitability in Uyo. A statement by the Executive Secretary Toye Eniola explained that the objective of the training is to stimulate members to speedily embrace global business changes and equip them with strategies of adopting, adapting and developing positive corporate attitudes ...

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Housing: Tackling Nigeria’s huge housing deficit

housing

Recently, the Minister of Works and Housing, Babatunde Fashola disclosed that the Federal Government is currently constructing affordable homes in 34 states of the federation. According to the Minister, this is part of the fulfilment of the model National Housing Programme, which is aimed at providing acceptable and affordable houses for Nigerians. There have been various initiatives by the Federal Government to bridge ...

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Easy Guide to Building a Low-Cost House in Nigeria

affordable housing

With the fast rising cost of owning a house in Nigeria, you are probably on the lookout for an alternative low-cost house that helps you become a homeowner without drilling a gaping hole in your pocket. Architects have maintained that a growing population of people are opting for building their own homes as opposed to buying a property. This explains ...

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Nigeria at 59: FG should address high-interest rate to achieve affordable housing – expert

housing

The Chief Executive Officer, Fesadeb Communications Ltd., Mr. Festus Adebayo, has identified high mortgage interest rate as a major challenge facing the housing sector in the country. Adebayo said in Abuja that at 59, the country was still at a double-digit interest rate. He told the newsmen that the situation made it difficult for the citizens to access loans from ...

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What are the importance of social housing?

social housing

Social housing gives people a home. It’s cheaper to rent than privately rented housing and usually provides a long-term tenancy, giving renters the chance to put down roots. Social landlords tend to be councils or housing associations. The Nigeria National Housing Policy defines ‘Housing’ as the process of providing functional shelter in a proper setting in a neighborhood, supported by ...

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FG separates Ministry of Works and Housing‎

Housing

The Federal Government on Wednesday 21st August 2019 unbundled the Federal Ministry of Power, Works and Housing to Federal Ministry of Works and Housing with Babatunde Fashola as Minister and Engr. Abubakar Aliyu as Minister of State respectively. The Minister of Works and Housing, Babatunde Fashola is the immediate past Minister of Power, Works, and Housing. He is from Lagos State, ...

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Housing professionals and other experts plans summit on housing

Housing professionals and other experts in the built industry would gather in Lagos for a summit of suppliers of construction products from around the globe with the aim of reducing the huge gap between demand and supply in the nation’s housing value chain. According to the organizers of the event, ‘Big Five Construct Nigeria’, about 100 international companies and over ...

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El-Rufai commissions ambitious Kaduna Renewal Project, signs MoU with CCECC

CCECC

Gov. Nasir El-Rufai of Kaduna State, on Thursday in Kaduna signed a Memorandum of Understanding (MoU) with China Civil Engineering Construction Corporation (CCECC) for the road component of the Kaduna Urban Renewal Project. In his speech at the event, the governor said it would be the most comprehensive urban renewal project in the history of Kaduna state. “These investments will ...

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