29 C
Lagos, South Africa and New York
Thursday, August 13, 2020

Experts call for more Real Estate Fund Listings on NSE to address Nigeria’s 20m housing deficit

Experts call for more Real Estate Fund Listings on NSE to address Nigeria's 20m housing deficit, according to the Only three REFs listed on the NSE, which are Union Homes Real Estate Investment Trust, Skye Shelter Fund and UPDC Real Estate Investment Trust. According to...

Fashola charges estate valuers to reconcile disparity between Nigeria’s land evaluation system and current economic realities

The Minister of Power, Works and Housing, Babatunde Fashola, Tuesday, inaugurated the reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) with a charge on the Board to reconcile the disparity between the country’s land evaluation system and the current economic realities. In his...

Stakeholders advocate monthly rents payment, condemn shylock landlords

Tunde Alao - Lagos Concerned about the sufferings encountered by tenants in the country, especially in urban centres like Abuja, Lagos, Kano, Port-Harcourt, among others over accommodation rents, stakeholders are  contemplating a legislation that would peg rent to a maximum of one month, instead of...

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...

With Nigeria’s rising population, N3.5 trln is needed to build 700,000 housing units annually

With Nigeria's rising population, N3.5trillion is needed to build 700,000 housing units on a yearly basis for her teeming population. But this target has become difficult to attain as a result of the on-going economic challenges facing the nation, Managing Director of the Nigeria...

Projects: Lagos begins payment of N11.8bn compensation to property owners

…Warns Speculators Against Selling Land Under Govt Acquisition The Lagos State Government on Tuesday said it has began payment of over N11.8billion as compensation to owners of properties that had to give way for construction of roads, flyovers, ramps and other critical infrastructural projects...

FG spends N198bn to build 26,002 rent-to -own model houses

A total of N197bn has been spent on the construction of 26,002 houses across the country. The Federal Government announced this on Tuesday, adding that part of the funds was also used for the renovation of 13,953 homes nationwide. The Managing Director, Federal Mortgage Bank...

Expert advocates comprehensive urban planning to solve Nigeria’s housing deficit:

Prof. Charles Inyangete, Chairman, Innovative Risk and Investment Solution says the challenge of affordable housing can only be addressed by a comprehensive urban plan that will sustain new communities. Inyangete said this on Thursday while delivering a paper on “Addressing Housing Demand in the Face...

FMBN disburses N72.5bn mortgage loans in 25 years

As mortgage loans to homeowners under the National Housing Fund scheme rise, experts are of the opinion that a lot more needs to be done, MAUREEN IHUA-MADUENYI writes Loan disbursement to homeowners under the National Housing Fund being administered by the Federal Mortgage Bank of...
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