Tag Archives: Housing

Nigeria, by all indices and despite its challenges, represents a huge market for real estate development. The ongoing Federal Housing Scheme is being implemented to address the housing needs of Nigerians plug the housing deficit, which is put at about 17 million units. Minister of Power, Works and Housing, Babatunde Fashola (SAN), has said that the scheme is aimed at ...

The Federal Government says it has made a provision for some N500 billion to resuscitate the Federal Mortgage Bank of Nigeria (FMBN) to make mortgage facilities easily available to Nigerians. Alhaji Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia, Nasarawa State on Monday, April 10, 2017 when he called on the state’s Deputy ...

With a population of about 173 million people, Nigeria is the largest country in Africa and accounts for 47% of West Africa’s population. It is also the biggest oil exporter in Africa, with the largest natural gas reserves in the continent. The challenging process of implementing reforms was revitalised through a Roadmap developed in 2010, which clearly outlines the government’s ...

Minister of Power, Works and Housing, Babatunde Fashola, has said that houses built under the Federal Housing Scheme will be allocated to all Nigerians, irrespective of their states of origin. Fashola made the remarks while speaking with newsmen shortly after a tour of federal projects on Sunday, March 19, 2017 in Maiduguri, Borno. He said all qualified Nigerian residents in ...

The Ogun State Housing Corporation (OGSHC) has set machinery in motion for the construction of housing units at different locations of the state, apparently in line with the capital projects captured in the 2017 Budget of the agency. Special Adviser to the Governor on Housing Development and General Manager of the State Housing Corporation, Jumoke Akinwunmi, who made this known ...

Shelter Afrique, the Pan-African housing financier dealing exclusively with the promotion of affordable housing, has received approval for a $28.2 million injection from the African Development Bank (AfDB). This capital injection follows on from the $8.2 million equity investment by AfDB and the commitment made by the bank at the recently concluded extraordinary general meeting held in Nairobi, Kenya last ...

Real estate investor and developers of the Eko Atlantic City Project on Victoria Island in Lagos, South Energyx Nigeria Limited (SENL), has restated its commitment to reduce the country’s huge housing deficit over the next few years through the development of a wide range of affordable and luxurious residential buildings. Making the pledge recently in Lagos was Mr. Ronald Chagoury ...

The arresting headline in the June 3, 2016 edition of EnviroNews titled “Housing crisis looms with 17 million deficit,” must have scared the hell out of readers, nay other compatriots at this time when Nigeria is fighting so many wars both declared or undeclared. From Boko Haram to the Niger Delta Avengers coupled with the problems of corruption, kidnapping, economic ...

President Muhammadu Buhari has raised an alarm over the housing crisis that is staring Nigeria in the face with housing deficit of 17 million. He made it clear that the country requires one million houses annually to be able to weather the storm of the housing challenge. The President who spoke through the minister of the Federal Capital Territory (FCT), ...

The Ogun State Government has advised residents to always channel their enquiries on land acquisition particularly as it relates to its validity to relevant agencies. Special Adviser to the Governor on Housing Development and General Manager, Ogun State Housing Corporation, Jumoke Akinwunmi, while speaking on the achievements of the corporation in the last 40 years in Abeokuta, said that the ...