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Tag Archives: Housing

Fashola says Nigeria needs 17 million houses to address deficit

Discos

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, ...

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Imo NHF contributors to get allocation in new scheme

Would you take an opportunity to live as a tenant in Lekki over owning your house in Mushin

“Succour may be in the offing for some contributors of the National Housing Fund (NHF) in Imo State, if recent pronouncements by the Federal Mortgage Bank of Nigeria (FMBN) are anything to go by.” The Guardian reports According to The Guardian, the FMBN financed 100 housing units under the Ministerial Pilot Housing Scheme at Naze, Owerri North Local Council to ...

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Federal Mortgage Bank of Nigeria (FMBN) disburses about N32million to Nigerian army personnel

Nigerian army

Leadership reports that the Federal Mortgage Bank of Nigeria (FMBN) has disbursed about N32million to 383 eligible personnel of the Nigerian Army, contributing to the National Housing Fund (NHF) in the last three years adding that Contributors’ Statement of Account were up to date. The Apapa District Coordinator of the bank, Mrs. Uche Okoli stated this in Lagos when the ...

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Stakeholders urge judicious use of 2017 housing budget

2017 housing budget

The Tide reports that a member of the Nigerian Institute of Architects, Funke Abayomi, while applauding N141 billion allocation of housing in the 2017 Budget, has called for the proper utilisation of the funds to achieve set goals. Abayomi made the call in an interviews with The Tide at Onne, Friday. According to The Tide, she hailed the allocation of ...

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Obanikoro’s wife to forfeit property to Nigerian Government

Obanikoro's wife to forfeit property

Alhaja Moroophat Obanikoro, the wife of a former Minister of State for Defence, Senator Musiliu Obanikoro has been asked by a Federal Capital Territory High Court, sitting in Jabi, Abuja to forfeit her property to the Federal Government while the investigation of her husband and children are ongoing. According to Daily Post, the court subsequently threw out her request that ...

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FMBN’s N9b lifeline for 1,244 credit facilities

FMBN’s N9b lifeline

The nation reports that after  posting N2.7 billion as its operating surplus at the close of last year, the Federal Mortgage Bank of Nigeria (FMBN) has secured the Federal Government’s nod to boost affordable housing financing. The Acting Managing Director, Richard Esin highlighted the bank’s business performance  at a review session on FMBN’s operations last year. He said the bank ...

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Firms launch N20b trust fund to boost real estate

Firms launch N20b trust fund to boost real estate

The Guardian reports that a consortium of firms has floated N20 billion Real Estate Investment Trust (REIT). The newly berth REIT, promoted by Top Services Limited, a close-ended Real Estate Investment Trust company would be managed by a firm, Messrs First Ally Asset Management. According to The Guardian, the Chairman, Top Services Limited, Chief Tokunbo Omisore, while speaking during the ...

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Anambra, FMBN to Provide Houses for Civil Servants

Anambra, FMBN to Provide Houses for Civil Servants

Anambra State government has made it known that it is collaborating with the Federal Mortgage Bank of Nigeria (FMBN) to complete its housing scheme for civil servants in the state. According to New Telegraph, Mr Frank Offor, the state Commissioner for Housing and Urban Development, said in Onitsha that the collaboration was in government’s bid to provide affordable houses for ...

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Developer flags off Honeywells Garden in Maryland

Developer flags off Honeywells Garden in Maryland

Despite the economic downturn in the country, Tobykemsworth, a real estate developer has launched Honeywells Garden in Maryland, Lagos. According to The Guardian, Honeywell’s Garden is conceived as an estate for medium and high-income earners and choice prototypes and building design. Future house owners in the estate backed with the Governor’s consent and Certificate of Conveyance are left with different ...

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