Housing, from all its ramifications, is a very essential part of the human existence that cannot be ignored. But, Nigerians have never had it easy when it comes to the issue accommodation, both in the rural and the urban areas. There have been several calls on the federal government to implement policies that will alleviate [...]
Chief (Dr) Fabian Nwaora is Chairman and CEO, Efab Properties Ltd. In this interview, the renowned estate developer, who is also Chairman of First Generation Mortgage Bank Limited (FGMB), spoke to ILIYASU ABDULLAHI UJI on his plans to provide housing for every class of Nigerians and his support for the implementation of the Abuja master-plan. [...]
Managing director, Resort Savings and Loans, Mr. Abimbola Olayinka, has restated the commitment of the organisation to providing affordable housing for Nigerians, saying this will take priority over many other things in its agenda. He said this via a statement made available on Friday, adding that steps had been taken by the Primary Mortgage Institution [...]
There is consensus among key players in Nigeria’s mortgage and housing sector that unless long term loans are provided to service housing needs of low income Nigerians, the acute housing deficit will worsen. FRANCIS ADINOYI KADIRI writes that the lack of long-term loans and other key challenges has prevented Primary Mortgage Institutions from fulfilling the [...]
Ruth Obih is the CEO of 3Invest Ltd. She spoke to FRANCIS ADINOYI KADIRI on the prospects of the sector even as the world focuses on Africa’s fast growing economies. She says that Nigeria, the continent’s second-biggest economy and one of the fastest growing economies in the world, is poised for massive development in all [...]
President Goodluck Jonathan on Monday said the present administration would revolutionalise the country’s housing sector to make houses accessible to Nigerians irrespective of their socio-economic status. Jonathan stated this at a one-day Presidential Stakeholders’ retreat at the Presidential Banquet hall, Abuja. He said already, the Federal Executive Council (FEC) had approved National Housing Policy and [...]
Unity Bank Plc has released N1.5 billion for the development of 112 housing units in the Lagos State. Managing director of Unity Bank Plc, Mr.Ado Wanka disclosed this in Lagos at the bank’s special day at the Lagos International Trade Fair. He said that the new houses located in the Lekki area of Lagos State [...]
The director, Centre for Human Settlements and Urban Development, Federal University of Technology, Minna, Prof. M. Zubairu on Wednesday charged the leadership of the country to brace up and execute the task of “providing credible, viable, effective and sustainable social housing for the country’s increasing population,” noting that “Nigeria, with an annual growth rate of [...]
The Lagos State government New Towns Development Authority (NTDA) has announced plans to intensify the development of housing units across the state. NTDA general manager, Dr. Adeyemi Isiba, disclosed this during a tour of the on-going construction work at the site of the 492 housing units in Igando under Lagos HOMS. He said the estate [...]
The Department of Development Control of the Federal Capital Territory Administration (FCDA) on Saturday rolled out bulldozers and demolished 372 housing units, out of 500 in Minanuel Housing Estate, in Goza, Abuja. The demolition sparked off an unprecedented controversy as the demolished property was 80% completed and had been subscribed by civil servants through loans [...]
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