Tag Archives: Mass housing

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 ...

The Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique and Real Estate Developers Association of Nigeria (REDAN), have signed a $2 billion Memorandum of  Understanding to provide affordable housing for Nigerians. New Telegraph reports that Mr. Richard Esin, the Acting Managing Director of FMBN, said the  MoU was the first critical journey aimed at providing affordable housing for Nigerians. The ...

The Guardian reports that the Federal Government through the office of the Head of Service (HOS) has entered into an agreement with a housing developer, Brains and Hammers to build at least 3,000 housing units in 72 hectares of land located in Bwari, Abuja. The housing units which are to be completed within 6 months is to enable the civil ...

The Guardian reports that a frontline Real Estate Operator and Managing Director and Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi has identified some structural problems affecting the government’s mass housing project and proposed measures to revamp them. In an interactive session with the media on how Propertygate has fared despite the recession, Ajayi explained that lack ...

The Governor of Nasarawa State, Umaru Tanko Al-Makura, has said that his government has entered into collaboration with federal government to provide critical infrastructures lacking in the state, such as power and mass housing. Vanguard reports that the governor, while speaking to State House Correspondents after a private meeting with President Muhammadu Buhari at the presidential Villa, Abuja on Wednesday, said the ...

Nigeria’s housing deficit stands at 17 million units and the estimated cost of bridging this gap is N59.5trn. Industry estimates suggest that about 100,000 new houses are built each year in Nigeria, compared to estimated demand of 700,000 units.  The FGN recently disclosed plans to build 360 houses in three pilot states, develop a “Rent to Own” housing scheme for ...

Nasarawa Geographic Information Service (NAGIS) is to map out land for the proposed mass housing scheme of the federal government. Media aide to Governor Umaru Tanko Almakura, Ahmed Tukur, made this known on Tuesday in Lafia adding that NAGIS will be engaged to work out the master plan for the land after the aerial survey of the proposed area to ...

Lafarge Africa Plc. and Fortis Microfinance Bank (MFB) have signed a memorandum of understanding (MoU) for the provision of low cost mass housing in Nigeria. According to the MoU, which was signed at the head office of the microfinance bank in Abuja, the first phase of the project is expected to produce 500 affordable homes for buyers within six months ...

Alhaji Aliyu Oroji Wamakko is the deputy national president, Real Estate Developers Association of Nigeria (REDAN) and chairman/CEO, Jedo Investment Company Limited. He has pointed out that there is need for the government to team up with REDAN in order to solve the mass housing needs in Nigeria. Read excerpts from his interview below: As an expert in real estate ...

The chief executive officer, Knight Frank, Albert Orizu, has asked the new government to look into suggestions made by professionals on mass housing. The frontline realtor, who said this while speaking with journalists, said that the challenge of providing mass housing could be surmounted if the present administration takes the right steps, also, pointing out that there was the need ...