Tag Archives: Housing

“A Lagos- based real estate company – Realty Point Limited has again unfolded its flagship mass housing programme, Cedar Homes, which is pioneering eco-friendly and environmentally sustainable gated community. The estate showcases five unique attraction points which include Flexible Design Concepts, Reservation of Units for as low as N10, 000 an Escrow Account where monies paid by customers will be ...

“Everything wrong with Lagos state government’s recent clearance of the riverside community, Otodo Gbame, can be summarised in one sentence – Nigeria does not know how to build houses cheaply.”- The Guardian There is nothing strange about clearing slums and there are very good reasons to do so. President Truman’s 1949 Housing Act provided $1bn in funding to localities across ...

“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 ...

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

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 ...

According to Business Day, the Pison Housing Company has launched the Roland Igbinoba House Price Index (RI), a statistic designed to capture changes in the movement of residential property prices in major cities in Nigeria. Kehinde Ogundimu, executive director/chief financial officer, Nigeria Mortgage Refinance Company (NMRC), told participants yesterday at the launch of the RI in the main auditorium of ...

“To ensure quality service delivery by professionals in the built environment, builders have been challenged to inculcate best practices on their clients, and ensure sound house keeping records to avoid hazards on projects. Participants at a two-day workshop on Mandatory Continuous Professional Development Programme organized by Nigerian Institute of Building (NIOB gave the advice in a communiqué on the theme: ...

Last week, we conducted a vox pop on Facebook to gather people’s opinions about whether they would like to buy a house or build from scratch? We got very many reactions. It was not surprising to learn that majority of the people who expressed their opinions would rather build their houses from scratch than buy the house. Many people would ...

“The Lagos State Government has handed over keys to another set of 200 successful applicants of the Lagos rent-to-own initiative with a promise to sustain the policy in partnership with the private investor.”- The Nation Its Commissioner for Housing, Mr. Gbolahan Lawal, who presided over the ceremony, said the state has over 4, 000 housing units yet to be subscribed ...

With a population of about 173 million people, Nigeria is the largest country in Africa and accounts for 47 percent of West Africa’s population. It is also the biggest oil exporter in Africa, with the largest natural gas reserves in the continent. The challenging process of implementing reforms was revitalized through a roadmap developed in 2010, which clearly outlines the ...