Tag Archives: NMRC

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 ...

Stakeholders have called on the government to revisit home completion loan scheme. The scheme supports the new paradigm for unlocking housing microfinance and leverages on incremental development that most Nigerians use in acquiring new homes as well as renovate and upgrades existing structures. The scheme is expected to catalyze the demand side of the equation. Stakeholders that attended the 10th ...

Six governors and companies bagged various awards at the Abuja Housing Show awards held at International Conference Centre for pursuing mass housing policies and bringing innovations in the construction sector. The governors are Umar Ganduje (Kano), Simon Lalong (Plateau), Mohammed Badaru Abubakar (Jigawa), Ifeanyi Okowa (Delta) and Ifeanyi Ugwuanyi (Enugu). In the company category, Solignum won the Wood Preservative Product ...

The Nigerian Mortgage Refinancing Company on Tuesday in Abuja said it had so far injected the sum of N6 billion to the mortgage market in order to reduce the housing deficit in the country. The Managing Director of NMRC, Prof. Charles Inyangete, gave the figure while speaking during the signing of a Memorandum of Understanding between the agency and the ...

Nigeria Mortgage Refinance Company PLC (NMRC) has signed a Memorandum of Understanding (MoU) FMDQ OTC Securities Exchange (FMDQ) to deploy intermediate long-term fund from the capital market for the provision of affordable housing. The signing ceremony of the MoU was held in Abuja at the office of the NMRC. Speaking during the event, the Managing Director/CEO NMRC, Prof. Inyangete Onadele ...

The Federal Mortgage Bank of Nigeria (FMBN) and the Nigerian Mortgage Refinance Corporation (NMRC) are to collaborate towards strengthening the secondary mortgage market and the Nigerian housing sector in general.   Esin informed the NMRC Chief Executive, Professor Charles Inyangete, that FMBN is refocusing its business model to address the lower end of the income ladder with emphasis on the ...

Federal Government Staff Housing Loans Board (FGSHLB) has partnered with the Nigeria Mortgage Refinance Company (NMRC) to enable civil servants have access to affordable homes. Speaking during a meeting between the two organisations last week, FGSHLB Executive Secretary, Dr. (Mrs.) Hannatu Adamu Fika, said they entered into a partnership to ease the difficulty in accessing mortgages by staff of MDAs ...

The Nigeria Mortgage Refinance Company (NMRC) has appointed four independent Directors to serve on its Board, in line with its commitment to adopting international best practices in corporate governance. Those appointed include Professor Charles Okeahalam, who will also serve as the Chairman of the Board of Directors; Mr Charles Adeyemi Candide-Johnson (SAN); Mrs Fatima Wali-Abdurrahman and Mrs. Anino Emuwa. Dr. ...

The Lagos State Commissioner for Housing, Mr. Gbolahan Lawal, has reiterated the state’s willingness to partner the Nigerian Mortgage Refinance Company (NMRC). To this end, the state government says it is prepared to sign a Memorandum of Understanding (MoU) as soon as parties agree on the terms and modalities of the facilities which are geared towards alleviating the burden of ...

A real estate solution company, Propertygate Development and Investment Plc has thrown its weight behind a plan by the current administration to invest massively in both infrastructure and housing. The support, however, is with a call on the government to give clearer strategy and direction on how the initiative would be implemented, else the laudable vision might be fraught with ...