Home » Tag Archives: Housing (page 21)

Tag Archives: Housing

Nigeria’s housing problem is multi-dimensional – Prof Godwin Idoro

The Head of the Department of Building, University of Lagos, Prof. Godwin Idoro, has described as multi-dimensional the problems plaguing the housing sector in the country. Idoro, who spoke at the 10th Annual Project Management Lecture organised by the department, said the problem of housing and infrastructure in country affected the low-income earners most. He said, “The situation in Nigeria ...

Read More »

HOUSING: FMBN approves mortgage loan for RSL

Resort Savings and Loans Plc says it has secured the Federal Mortgage Bank of Nigeria’s approval for N1.5bn mortgages for more than 125 beneficiaries under the National Housing Fund Scheme. According to the mortgage bank, this comes amid the struggle by the nation to tackle the challenge of providing affordable housing for its citizens. A statement from the company quoted ...

Read More »

Lafarge in pact with Shelter Afrique to deliver low-income housing

Lafarge Africa Plc and Shelter Afrique, a Pan-African housing and development institution, on Monday signed a Memorandum of Understanding to facilitate housing development on a large scale for low income earners in the country. The agreement, whose implementation will commence with the development of identified sites in Abuja, is for an initial period of four years. The terms of the ...

Read More »

Workers protest against failed NLC Housing Scheme, demand refund.

Apparently disappointed over inability of the leadership of Nigeria Labour Congress (NLC) to deliver houses to them, the President, Comrade Abdul Waheed Omar, was ambushed by angry workers last week in Abuja. The incident occurred at the political debate organized by the congress ahead of the delegates meeting coming up today, where elections for new executive members would be discussed. ...

Read More »

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 ...

Read More »

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 ...

Read More »

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. ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »