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Thursday, August 13, 2020

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...

Lagos Assembly Amends Land Use Charge Law 2018

Members of the Lagos State House of Assembly have amended the Land Use Charge Law, 2018 and for connected purposes. The 6 Man Ad Hoc Committee, Chaired by Hon. Rotimi Olowo, presented the report of the findings of the Committee to Members at the Plenary...

How Nigeria can develop 4m housing units in 4 years, Experts

Apparently worried by increasing accommodation challenges among Nigerians, some concerned affordable housing advocates have mulled fresh ideas to deliver four million houses in four years. Throwing themselves in for the housing challenge and solution, they sought from the Federal Government an Executive Order or legislation...

Lasu to become a residential institution as Sanwo-Olu seals 8,200 hostel accommodation deal with local developers

…‘It’s Legacy That’ll Outlive Us’ - Gov’s Education Adviser Lagos State University (LASU) is set to become a residential tertiary institution, 36 years after it was established. The State Government, at the weekend, signed a Build, Operate and Transfer (BOT) agreement with six private property...

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...

Lagos Building Luxury Homes in Face of Affordable Housing Crisis

Paul Wallace and Tope Alake (Bloomberg) -- They come from the countryside, from the villages, from the capital city or from neighboring countries — energetic, ambitious, full of hope that they’ll find jobs and a community and better lives. Few find what they come for....

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...

How Lagos State is tackling Nigeria’s housing deficit with Rent-to-Own Scheme

by Adewale Dosunmu Housing and accommodation in Lagos are notorious for being limited and unaffordable. With a population of about 20 million, the state is laden with an estimated housing deficit of three million. This housing gap requires tremendous effort to bridge and thankfully, the...

Sanwo-Olu commissions 264 units of flats in LEKKI

Gov: "We Will Build Affordable Houses For Lagosians-Sanwo-Olu" ...project is a successful public-private collaboration-Commissioner The Lagos State Governor Mr. Babajide Olusola Sanwo-Olu on Thursday has promised that his administration will build affordable and accessible houses for Lagosians. The commissioning came less than 24 hours...

Experts advise Nigeria’s wealthy class to invest in risk-free fixed income assets

by LOLADE AKINMURELE Experts in Wealth Management advise rich Nigeria clients to invest in risk-free fixed income assets as well as alternative assets from student housing projects to agriculture finance in order to avoid been affected by COVID-19-induced market volatility and the economic impact of...
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