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Tag Archives: NMRC

Mortgage and Nigeria’s Housing Deficit

Analysts have estimated the housing deficit in Nigeria at about 16 million. In one report they  also stated that over 50 per cent of 170 million people living in the country are either homeless or without adequate housing. Nigeria’s real estate sector accounts for 7.6 per cent of the country’s recently rebased Gross Domestic Product (GDP). In an attempt to ...

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Nigerian Federal Government Promises 10,000 Housing Project

multi-million dollar hospital

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, unfolded the Federal Government’s plan to collaborate with other stakeholders in the housing sector to deliver about 10,000 housing units this year. The minister announced this at the inaugural Housing Stakeholders’ Implementation Summit in Abuja which held on March 23, 2014, where she also defended the government’s ...

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