Tag Archives: Rent to own

Office of the Head of Service of the Federation (OHOSF) is to adopt the rent-to-own housing scheme developed by the Federal Mortgage Bank of Nigeria (FMBN) for allocation of houses under the Federal Integrated Staff Housing (FISH) programme to federal civil servants. The Head of Service of the Federation, Mrs. Winifred Oyo-Ita disclosed this at the public presentation of FISH ...

Lagos homes scheme- Seven years after the Lagos Home Ownership Mortgage Scheme (Lagos HOMS) was mooted to encourage home ownership of First-Time Buyer (FTB) to purchase decent and affordable homes through the provision of accessible mortgage finance, the scheme seems to be in limbo. The tale of woes associated with scheme is dotted all around the metropolis in terms of ...

No fewer than 3,000 residents have so far benefited from the Lagos State Government’s Rent-To-Own schemes, according to the Commissioner for Housing, Mr Gbolahan Lawal. Lawal said in an interview that the state’s housing policies captured both those in the formal and informal sectors. He said that the informal sector constituted about 65 per cent of the population of the ...

The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Ahmed Dangiwa, has said. Dangiwa, who spoke with State House correspondents after a closed-door meeting with Vice President, Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery. He said: “We came to see the vice president as ...

The Federal Mortgage Bank of Nigeria Board has approved the implementation of the Rent-To-Own pilot housing scheme to begin with 3000 houses nationwide. A statement signed by Zubaida Umar, FMBN Corporate Communications Group Head, on Sunday in Abuja, stated that the scheme was a strategic move designed to make home ownership more accessible and affordable for Nigerian workers. The FMBN ...

The Lagos State Government (LASG) has reassured prospective homeowners that they will celebrate the next Christmas in their new homes, saying allocation of the houses will start in October. The state Commissioner for Housing, Mr. Gbolahan Lawal, said this after an inspection tour of some of the housing projects in parts of the state on Wednesday. Lawal said that the ...

The Police Rapid Response Squad (RRS) on Thursday arrested an electricity cable thief at Sangotedo Housing Scheme under construction by the Lagos State Government. Policemen guarding the site told the Commissioner for Housing, Mr Gbolahan Lawal, during his inspection visit to the project that the suspect, an employee on site, was rescued from being lynched. “We got information that the ...

If you are searching for proven low cost housing strategies to construct your house, then take time to digest this article. I will be sharing with you some proven tips that will help you to construct affordable income apartment with ease. Most middle and low income earners aspiring to become landlords are getting frustrated because of different forms of challenges manifesting ...

Owning your house in a country like Nigeria, especially in metro cities of Lagos, Abuja and Port Harcourt is a laudable accomplishment considering the high cost of living. In this article, we take a look at an alternative to paying rent and being treated shabbily by your landlord. The cost of renting a standard house is so back-breaking, sometimes having ...

“The Federal Mortgage Bank of Nigeria (FMBN) has engaged the assistance of the Nigeria Deposit Insurance Corporation (NDIC) for the recovery of its funds trapped in distressed Primary Mortgage Banks (PMBs) and liquidated commercial banks in the country.”- The Guardian Already, FMBN has received and executed agreements in respect of six out of eight distressed Primary Mortgage Banks and hopes ...