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Tag Archives: Housing

FG plans to raise FMBN share capital to N250bn

The Federal Government of Nigeria is working to raise the share capital of the Federal Mortgage Bank of Nigeria (FMBN) to N250 billion within the next few months in order to enable it tackle the country’s housing deficit, according to its Managing Director, Gimba Ya’u Kumo. Ya’u Kumo who spoke at a send forth/ welcome dinner organised by the bank ...

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Dry construction is the solution to mass housing – Nigerite boss

‘With Nigeria’s capital expenditure profile put at 24 per cent of recurrent expenditure in 20 14, falling price of crude oil and a high cost of funds for execution of capital projects, the construction industry in Nigeria is obviously under pressure to evolve more time and cost efficient system of construction.” This was the submission of the Managing Director of ...

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Lagos give housing and construction projects boost

Convinced of the strategic importance and potentials of building and construction sector as the third largest in terms of gross domestic product (GDP), ranking in Lagos, the state government has come up with new initiative that is geared towards boosting activities within the sector in the state. Essentially, two major areas are currently receiving attention, namely; housing and construction sector. ...

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EKO Atlantic City unveils street lights

Eko Atlantic City

Investors in the Eko Atlantic and residents of the areas adjoining it can now behold the beauty of the new city emerging from the ocean following the unveiling of special street lighting that illuminates the skyline at night. The developers of the city say from Ahmadu Bello Way on Victoria Island and the Marina on Lagos Island, the first residential ...

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NBRRI rates Nigeria low in housing and road networks

Nigeria Road Network

A new statistics released last week by Nigerian Building and Road Research Institute (NBRRI) shows that Nigeria ranks very low in road network and housing in the comity of nations. The Director General/CEO, Nigerian Building & Road Research Institute (NBRRI) Prof Danladi Matawal made this declaration during this year’s Public Lecture of the Nigerian Academy of Engineering which held at ...

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Ogun seal deal to develop MITROS CITY.

In a bid to rebuild the landscape of the state under its urban development programme, the Ogun State Government has finally sealed a deal with a concessionaire for the development of a new settlement that would be known as a Mitros city. Mitros, an acronym for Mission To Rebuild Ogun State, is a new housing estate, to be sited by ...

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FHA to partner with Abuja traders to provide 5,000 Housing units

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

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Gov. Amosun explains why Ogun is growing in Housing and Infrastructure

Amid growing interest of firms in the establishment of industries in the Ogun state, authorities have explained that the new drive for housing projects and infrastructure is the best option to provide conducive environment for prospective investors. It was reported recently that over 100 companies have shown readiness to locate their manufacturing outfits in the state, with 32 of this ...

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OSUN Introduce Oranmiyan New Town Scheme

Better days may be in the offing for property investors and prospective homeowners, if developments recently announced by Osun State Government are anything to go by. Last week, the state kick-started a scheme nicknamed Oranmiyan New Town at a parcel of land measuring about 2,572hectares (6340Acres), which was acquired by Chief Obafemi Awolowo as the Premier of the old Western ...

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“I Built My House on a Tight Budget”: Enakeno Atagbaza

This is a testimony of how this man built his house on a tight budget. Having initially thought he wouldn’t be able to build a house anytime soon, he was guided and eventually has become a landlord today. If he could do it, you can also SACK YOUR LANDLORD! Please introduce yourself Sir? My name is Enakeno Atagbaza and I ...

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