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Tag Archives: Nigerians

FMBN repositions itself for affordable mortgage financing

NHF

The aggressive delivery of affordable housing for low and medium income earners appears to be the fulcrum on which the Federal Mortgage Bank of Nigeria (FMBN) is trying to reposition itself for leadership in mortgage financing, Ndubuisi Francis reports. Despite being in existence for several decades, the FMBN has been plagued by a combination of long-standing structural, institutional and policy ...

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FRSC partners NGO to reduce road crashes

NGO

The Federal Road Safety Corps, Benue Command, has indicated interest to partner with an NGO, Road Caution Awareness Initiative, to reduce road crashes and fatalities. The Benue Sector Commander, Mr. David Mendie, made the disclosure while receiving a team from the NGO led by Mr. Noah Tsumbu, in his office on Friday in Makurdi. According to him, the partnership will ...

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70% of Naval personnel don’t have accommodation – Naval Chief

Naval

With the dearth of decent and affordable accommodation biting harder among Nigerians coupled with the attendant escalating cost of rents, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, recently said that only 30 per cent of the officers, representing 6,000 personnel have permanent accommodation. Ibas, who spoke during the commissioning of the Nigerian Navy Officers Quarters at Kubwa, ...

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Experts in built environment seek an efficient facility management system

experts

Experts in the built environment have advocated for an efficient facility management system as a means of sustaining national infrastructure across the country. Speaking to LEADERSHIP in Abuja, vice chairman of Council of Registered Builders of Nigeria (CORBON), Bldr. Samson Opaluwah noted that the cycle of failure of national infrastructure and facilities soon after commissioning could only be prevented by ...

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Nigerians must change their ways to enjoy good road network – Buhari

critical infrastructure

President Muhammadu Buhari on Monday said that in order to take the full benefit of road projects embarked upon by his administration, Nigerians must “change their ways”. The President spoke at a one-day workshop on the developments in the road sector which held in Abuja on Monday. Represented by the Secretary to the Government of the Federation, Boss Mustapha, Mr. ...

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Nigerian celebrities harp on the need to acquire landed properties

Nigerian Celebrities

Some Nigerian celebrities including Jide Kosoko, Yemi Solade and Taiwo Akinsola have harped on the need for Nigerians to own landed properties toward having a roof over their heads. They spoke at the Love and Investment Dinner organised by Merit Abode Nigeria Limited, where a couple of the Year was crowned. Couples and other guests at the party, held in ...

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Group develops road map to attract Nigerians and investors in diaspora

Road map

Abuja – A group, the African Union Economic, Social and Cultural Council {AU ECOSOCC} said it has developed a road map to engage and attract Nigerians and investors in the Diaspora for socio-economic development of the country. Addressing newsmen at the weekend in Abuja, Mrs. Chinwe Maduike, an International Consultant / Special Adviser on Investment, Diaspora and Development Partners to AU ECOSOCC ...

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World Bank, IDA commit $300m to housing development

housing problem in Nigeria

“Worried by huge figures of housing deficit facing the country, the World Bank and International Development Association, IDA, has set aside $300 million to fast-track provision of  accommodation for the teeming Nigerian population.” –Vanguard The fund, which is to be channelled towards pursuing aggressive development of housing sector in Nigeria, is being facilitated by the Nigeria Housing Finance Programme, NHFP. ...

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Can low-income earners build a home?

2,700 housing units

“With the recession lingering and hitting hard on real estate sector, many prospective homeowners are dumping the idea of homeownership, while others want to build a simple home that is comfortable and affordable, without going into debt. It is a fact that in most Nigerian cities, the dreams of lower construction costs have once again become a nightmare for a ...

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