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Tuesday, May 26, 2020

We are constructing affordable houses for Nigerians across the country – Fashola

The Minister of Works, Power and Housing, Babatunde Fashola has confirmed the construction of affordable houses by the federal government across the country under its National Housing Programme. Fashola who stated this while inspecting 80 of the houses being constructed in Kaduna said the...

Nigeria needs N3.65 trillion to increase housing stock by 730,000 units annually

Former Managing Director of the Nigeria Mortgage Refinance Company, Professor Charles Inyangete, has disclosed that to forestall a housing crisis in the country in the next couple of years, Nigeria would require N3.65 trillion to increase housing stock by 730,000 units annually. Speaking at a...

How To Unlock The Potentials Of Nigeria’s Housing Sector – Fashola

“My Thoughts On How To Unlock The Potentials Of The Housing Sector” Being The Text Of The Keynote Speech Delivered By The Honourable Minister Of Power, Works And Housing, Mr Babatunde Raji Fashola, San At The Nigerian Stock Exchange (Nse) Sub-Saharan Africa Real Estate...

Mass notorious evictions prompt protests as Nigerian housing crisis worsens

* Navy says raid targeted illegal settlement, criminals * Activists say evictions leaving thousands homeless * U.N. warns of housing crisis as population surges By Libby George LAGOS, Jan 24 (Reuters) - The men in naval uniforms charged into the Nigerian waterfront village of Okun Glass in the...

PFAs invest N216.8bn in real estate

The Pension Fund Administrators have invested a total of N216.8bn of the increasing funds under the Contributory Pension Scheme in real estate. Latest figures obtained from the National Pension Commission indicate that this amount represents 3.4 per cent of the total N6.2tn assets under the...

Nigeria plans energy efficient houses to reduce power consumption

The Federal Government of Nigeria has concluded plans to embark on the massive construction of energy efficient housing across the country as part of the efforts to motivate the ordinary Nigerian worker. The energy efficient houses are such that would use less power consumption or...

Homelessness rise in Nigeria as housing sector crisis worsens aided with forced evictions

ABUJA – Nigeria is gripped by a crisis that has left Africa’s most populous country ill-equipped to properly house its inhabitants, said a United Nations rapporteur who also called for an end to the forced evictions of entire communities. The United Nations estimates that...

Over 90m Nigerians living in ‘face me i face you type’ of housing— FMBN

The Federal Mortgage Bank of Nigeria FMBN has said that most Nigerians citizens, indeed more than nine million lacked affordable housing. The branch Manager, FMBN, Enugu, Mr Emeka Aroh, made the disclosure on Friday in Enugu at a one day seminar organised by a private...

Nigeria needs PPP model to tackle $363bn housing deficit -Expert

Former Managing Director of the Nigeria Mortgage Refinance Company, Professor Charles Inyangete, says Nigeria needs 363 billion dollars, about N111.08 trillion to meet current housing deficits in the country. Inyangete made this known while speaking at a Facility Management forum in Abuja, on Tuesday to...