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Tag Archives: Housing

“Opportunities exist in affordable housing”, Mixta

"Opportunities exist in affordable housing", Mixta

“The affordable housing and property market is one segment most real estate developers avoid for various reasons, but which once surmounted could sprint fortunes, said Mr. Kola Ashiru-Balogun, Managing Director of Mixta Nigeria, a company of ARM.” – This Day ARM acquired Mixta Africa and it renamed ARM Properties Mixta Nigeria and what they have done since then, according to ...

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REDAN pushes for development of property data

low cost housing

“Worried by the dearth of accurate data for necessary action plan in the housing sector, the Real Estate Developers Association of Nigeria (REDAN)  is initiating strategy to provide solution to the challenge of housing deficit.”-Nigerian Tribune The moves by REDAN to provide a solution to the challenge of housing data was made known by its President, Rev. Ugochukwu Chime,   at ...

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World Bank, IDA commit $300m to housing development

housing problem in Nigeria

“Worried by huge figures of housing deficit facing the country, the World Bank and International Development Association, IDA, has set aside $300 million to fast-track provision of  accommodation for the teeming Nigerian population.” –Vanguard The fund, which is to be channelled towards pursuing aggressive development of housing sector in Nigeria, is being facilitated by the Nigeria Housing Finance Programme, NHFP. ...

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Can low-income earners build a home?

2,700 housing units

“With the recession lingering and hitting hard on real estate sector, many prospective homeowners are dumping the idea of homeownership, while others want to build a simple home that is comfortable and affordable, without going into debt. It is a fact that in most Nigerian cities, the dreams of lower construction costs have once again become a nightmare for a ...

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CBN picks eight microfinance banks for FG’s ‘my own home’ scheme

Mortgage Credit Rating

“Brighter days may lie around in the corner for prospective homeowners, following plans to introduce a public private partnership initiative that seeks to increase access to housing finance in Nigeria through mortgage guarantee insurance and microfinance scheme.”- All Africa The scheme, ‘My Own Home’ comes as an offshoot of the Nigeria Housing Finance Programme (NHFP) set up by the Federal ...

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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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A Brief Review of the Real Estate Industry in Nigeria

Real estate Industry

The real estate industry in Nigeria has come of age albeit it still struggles for a strong foothold. This article talks on how the real estate industry in Nigeria is being overlooked despite its immense potentials. Real Estate connotes an entity consisting of land and buildings on it in which resides some value of economic worth. In other words, it ...

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Ever lived in a ghetto? How was it like?

Ghetto Life

This week’s vox pop is an interesting one as we shared in the experiences of people who have once lived in the ghetto. We threw out this opinion poll to people on Facebook and we were able to harness reactions of different sorts. According to dictionary.com, ghetto is defined as a section of a city, especially a thickly populated slum ...

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Govt urged to channel social housing scheme through FMBN

Home Renovation Loan

“Stakeholders in the housing sector have called on government to route its funds for social housing initiatives through the Federal Mortgage Bank of Nigeria FMBN, which has the experience and capacity of reaching over 4 million Nigerians nationwide through the National Housing Fund NHF. The call was made at the 5th joint meeting of FMBN, Mortgage Banking Association of Nigeria ...

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