How budget delay hinders housing delivery, by stakeholders
The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. The delay is resulting in the loss of billions of naira in investments as there is no template for planning.
Wemabod launches N3 billion Unity House redevelopment
A new era is dawning on the real estate sector, following the drive to boost office space in Lagos Central Business District, with the launch of a redevelopment plan for the 21-floor Unity House by Wemabod Estates Limited.
Imo NHF contributors to get allocation in new scheme
The FMBN financed 100 housing units under the Ministerial Pilot Housing Scheme at Naze, Owerri North Local Council to the tune of N592.3 million and approved NHF’s loans of N5 million, for prospective subscribers.
Developers, firms in dilemma over rising building materials’ cost
For instance, cement price, which increased from N1500 to N2,350, has now gone up to N2,600 in Lagos area; the cost of rod has skyrocketed from N170, 000 per ton to N300, 000 and
AFDB injects $28.2m into Shelter Afrique
This capital injection follows 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 last month.
Zamfara releases N340m for land compensation
The Zamfara authorities have commenced payment of compensation to owners of land allocated for the newly established Federal University, Gusau, by the former President, Goodluck Ebele Jonathan.
New building material debuts in Nigeria
Manufactured by Nigerite Limited, a complete building components solutions company, the product has the benefit of being resistant to the attack of termites, insects and most other vermin.
Dangote Cement sets aside N5 billion for marketing activities
Encourage by the performance of its distributors in 2016, which led to 11 percent growth in profit, Dangote Cement Plc has announced N5 billion budget to support the product marketing activities in 2017.