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Tag Archives: Housing

Why we want 300,000 low-income Nigerians to become landlords

Housing

We are all witnesses to the negative impact of COVID-19 on the global economy. For Nigeria, the pandemic ushered in perhaps the worst economic downturn in the history of our dear country. A housing estate in Nigeria The sudden arrival of a health disaster into an existing inflammatory pressured economy that is characterised by a high debt ratio, weak infrastructural ...

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Habitat Day: Housing key to sustainable societal transformation, says Fashola

Babatunde-Fashola

Minister of Works and Housing, Mr Babatunde Fashola, says adequate housing is key to sustainable transformation of the society and communities. Minister of Works and Housing, Babatunde Raji Fashola (SAN) Fashola said this while virtually hosting stakeholders in the industry on Monday, October 5, 2020 in Abuja. He made this ascertion as the commemorate the World Habitat Day, celebrated every ...

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Habitat Day: Lagos commits to mass housing, to deliver additional 3,004 units

Babajide Sanwo-Olu

The Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, October 5, 2020 affirmed his administration’s commitment to affordable mass housing delivery through models that incorporate private sector partnership and local contents while creating jobs. Governor Babajide Sanwo-Olu of Lagos State Sanwo-Olu, represented by his deputy, Dr Obafemi Hamzat, during the celebration of the 2020 World Habitat Day, said shelter was ...

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Propertymart lauds Fashola, proffers solution to housing challenges

Babatunde-Fashola

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 ...

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Government to resuscitate national mortgage firm with N500bn

Mustapha-B-Shehuri

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 ...

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Propertymart aligns with World Bank recommendation on addressing housing crisis

Jim Yong Kim

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 ...

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Federal Housing Scheme is for all Nigerians, says Fashola

Babatunde-Fashola

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 ...

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Ogun builds, rehabilitates homes

Jumoke-Akinwunmi

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 ...

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AfDB injects $28.2m into Shelter Afrique

Femi Adewole

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 ...

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Eko Atlantic City to address nation’s housing deficit

Ronald Chagoury Jr

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 ...

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