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Tag Archives: Mass housing

LASG pledges mass housing delivery to tackle vandalism

LASG

The Lagos State Government(LASG), on Tuesday, pledged its commitment to mass housing delivery, in spite of the setbacks caused by vandals to some of its ongoing housing projects. Mr. Wasiu Akewusola, Permanent Secretary, Lagos State Ministry of Housing, made the pledge during his inspection of ongoing projects in Ibeshe, Igbogbo, Agbowa, Odo Onosa and Ayandelu in Ikorodu area of the ...

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Quantity surveyor boss proffers solutions to high rent

rent

Mrs. Aderonke Oyelami, Chairperson, Women Quantity Surveyors of Nigeria, on Wednesday attributed the incessant increase in house rent in the country to inadequate buildings. Oyelami said that rent on housing would come down if developers could engage in mass production of houses to reduce the gap between demand and supply. Nigeria, with its over 170 million population, currently faces over ...

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Enugu State housing corporation set to unveil Zik Museum

museum

The Enugu State Housing Development Corporation says it is on the verge of completing a world-class museum to be named after the first president of Nigeria, Nnamdi Azikiwe. The Managing Director of the corporation, Mr. Chukwuemelie Agu disclosed this on Wednesday in Enugu while speaking with journalists. Agu said that the museum that would be known as Zik Centre was ...

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FG plans to raise N800m for mass housing projects

housing units

The Federal Government announced yesterday that it was planning to raise over N800 million from the African Development Bank, the World Bank and other institutions to provide affordable mass housing accommodation for Nigerians. The Chief Executive Officer of Family Homes Funds, FHF, Femi Adewole who announced this in Abuja during the fund-raising/launching of Real Estate Developers Association of Nigeria, REDAN, ...

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Dangote tells Federal Government to adopt Ethiopia’s mass housing model

mass housing

The chairman/chief executive officer of Dangote Group, Alhaji Aliko Dangote has called on federal government to adopt Ethiopia’s mass housing model in a bid to address the over 17 million housing deficit in the country. Dangote also said he supported the proposed restructuring and N500bn recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) for effective service delivery. He stated ...

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FG mulls workers’ estates as developers unveil mass-housing projects

17 million housing deficit

The Federal Government has concluded plans to float a mass-housing scheme for public sector workers in states in order to reduce the housing problem in the country. “Coming under a public private partnership, implementation of the scheme has reached an advanced stage. The project will be completed in the next three years.”- The Guardian Minister of State for Power, Works and ...

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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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