Home » Tag Archives: NMRC

Tag Archives: NMRC

NMRC appoints new executive

NMRC

As part of rejigging the mortgage sector, Mr. Charles Adeyemi Candide-Johnson SAN, and Mr. Kehinde Ogundimu have been appointed as substantive Chairman and the Managing Director respectively for the Nigeria Mortgage Refinance Company Plc (NMRC). As part of rejigging the mortgage sector, Mr. Charles Adeyemi Candide-Johnson SAN, and Mr. Kehinde Ogundimu have been appointed as substantive Chairman and the Managing ...

Read More »

‘How FG Should Tackle Widening Housing Deficit’ – Debo Adejana

'How FG Can Shrink Housing Deficit & Encourage Private Sector Participation' - Debo Adejana

In an interview with Guardian Newspapers recently, Debo Adejana, the CEO of Realty Point, spoke on the widening housing deficit in Nigeria and how government can help the private sector in addressing the needs. Realty Point is one of Nigeria’s leading mass housing development companies, passionate about cooperative housing and home-ownership. In Nigeria, there are between 17-23 million housing deficit, what ...

Read More »

Sustainable housing reforms set to bridge infrastructural gap in Nigeria

housing

Globally, there is a strong consensus that the development of the housing sector is essential for stimulating economic growth. Housing construction is one of the frequently used indices for measuring economic conditions worldwide. However, recent reforms in the mortgage industry are set to bring sustainable growth in the industry and bridge the housing deficit, which is estimated at 20 million. ...

Read More »

CBN expresses concern over Land Use Act

Land Use Act

Even as the Central Bank of Nigeria (CBN) has taken some steps towards boosting housing provision, Nigerians are gaining momentum. The 1978 Land Use Act, however, remains a major impediment towards achieving the target. In mid-2017, the CBN launched its Nigerian Housing Finance Programme (NHFP), popularly known as “My Own Home. The scheme, a Public-Private Partnership (PPP) arrangement, is targeted ...

Read More »

Real estate experts seek sustainable housing delivery

housing

Built environment experts and other stakeholders have canvassed best ways to overcome housing and mortgage challenges in order to enhance home ownership among Nigerians and promote economic growth. Real estate developers, architects, builders, promoters of building materials, bankers, policymakers and mortgage providers among others, called on the government to look at funding issues among other impediments to affordable housing delivery. ...

Read More »

NMRC urges FG to ease bureaucracy in property development

NMRC

NIGERIA Mortgage Refinancing Company (NMRC) Monday urged state governors to lighten the process of granting consent to property development. Speaking at a conference on seeking finance for the mortgage in Nigeria which held in Abuja, a director at NMRC, Mrs. Chii Akporji said modern mortgage requires certain steps that state governments need to take in order to create the enabling ...

Read More »

NMRC seeks N440 billion debt programme approval

approval

The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...

Read More »

FG completes 1,350 houses for Civil servants, issues allocation letters

civil servants

The Federal Government has disclosed that a total of 1, 350 houses have been completed at various locations in Abuja and Lagos and their letters of allocation will be ready for distribution. The beneficiaries (civil servants) are under the Federal Integrated Staff Housing (FISH) programme. FISH programme, which is the initiative of the Head of the Civil Service of the ...

Read More »

NMRC commits to greening Nigeria’s building construction industry

NMRC

Nigerian building developers have come together to discuss the pathway for a greener Nigeria through the construction industry. Financial institution and mortgage re-finance provider NMRC has pledged to be a leader in pioneering the implementation of EDGE certification in the construction industry. NMRC and the International Finance Corporation (IFC), a member of the World Bank Group, along with the consortium ...

Read More »