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Tag Archives: stakeholders

Stakeholders raise alarm as CBN increases mortgage banks’ capital


Stakeholders in Nigeria’s housing sector have expressed worry over the fate of the nation’s Primary Mortgage Banks (PMBs) following the N13 billion new capital requirements set for them by the Central Bank of Nigeria (CBN). Their anxiety stems from the fact that most of the primary mortgage institutions are still struggling to cope with the previous N2.5billion capital base, which ...

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Why More Nigerian Women Should Invest In Real Estate

Why More Nigerian Women Should Invest In Real Estate

Until recently the real estate sector was entirely a male-dominated sector. Though Nigerian women are gradually giving the men a run for their money, there is still so much to be done if women are to outsmart and outnumber the men. This article tells us why women are still not investing in real estate and why more Nigerian women should ...

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FG plans to raise N800m for mass housing projects

housing units

The Federal Government announced yesterday that it was planning to raise over N800 million from the African Development Bank, the World Bank and other institutions to provide affordable mass housing accommodation for Nigerians. The Chief Executive Officer of Family Homes Funds, FHF, Femi Adewole who announced this in Abuja during the fund-raising/launching of Real Estate Developers Association of Nigeria, REDAN, ...

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FG focuses on improving public building maintenance

Federal Government

The Federal Government has stepped up efforts to ensure proper maintenance of public buildings across the country. This followed a two-day stakeholder meeting on the Draft National Public Buildings Maintenance Policy organised by the Federal Ministry of Power, Works and Housing (Works and Housing Sector) which began yesterday in Abuja. In his remarks, the Minister of Power, Works, and Housing, ...

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Stakeholders demand special fund for housing deficit


Stakeholders in the housing sector have urged the federal government to immediately work out a modality to establish a special intervention fund to take care of the housing deficit of Nigerians. They made the call in Abuja at the 2nd annual Nigeria Housing Finance Conference and Affordable Housing fair 2018 organised by the Nigeria Integrated Social Housing Cooperative Society Limited ...

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FMBN, Labour stakeholders flag off N10b housing units for workers in Kogi


Federal Mortgage Bank of Nigeria (FMBN) under the aegis of National Affordable Housing Delivery Programme( NAHDEP) in collaboration with labour stakeholders in the country have flagged off a N10 billion housing projects for workers in Kogi State. Addressing the stakeholders in Lokoja on Thursday during the groundbreaking ceremony of the scheme, the Managing Director/Chief of executive of FMBN, Arch. Ahmed ...

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Stakeholders urge contractors to embrace reusable technology to prevent wastage


Stakeholders in the building industry and governments at all levels have been encouraged by construction experts to embrace a new technology that saves cost, allows construction materials to be reused 200 times over and also checks sharp practices and quackery during construction. The call was made during a one-day seminar tagged: “Modern Buildings, Modern Structures, the How, the Why and ...

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NIOB seek collaborative support from private sector, government


Private sector, Ministries, Departments and Agencies (MDAs) at all levels of government have been called upon to collaborate with the Nigerian Institute of Building (NIOB) to meet housing needs of citizens. Besides, President of NIOB, Mr. Kenneth Nduka, called on governments at all levels to respect and enforce the unique roles of builders in all aspects of building project delivery ...

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Stakeholders call for reinvention to reform Nigeria’s Housing Sector

housing sector

Stakeholders from the government and private sectors of the Nigerian housing sector have called for reinvention of the wheels to reform the nation’s housing industry. They are holding a two-day workshop on the Model Mortgage and Foreclosure Draft Bill in Abuja. The objective is to de-risk the housing environment. Deputy governor of the Central Bank of Nigeria (CBN) on financial ...

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