National Housing Fund
FG targets off-takers for N667m housing scheme in Lagos
Contributors to the National Housing Fund (NHF) may soon heave a sigh of relief as the Federal Government is set to deliver 112 units of one and two bedroom flats in Sedona estate in the Ikorodu axis of Lagos State. The N667 million project is a ministerial pilot housing scheme that has been conceived…
Apex mortgage bank targets 50 million new subscribers
Amid cconcerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand…
‘Housing corporations suffering from underfunding, neglect’
The famous Abraham Manslow’s Hierarchy of Needs places shelter as a basic need of every human. In other words without shelter man is less bothered about social activities...
FMBN rallies NDIC on loan recovery in distressed banks
Already, FMBN has received and executed agreements in respect of six out of eight distressed Primary Mortgage Banks and hopes that with the support of the NDIC, the Bank’s funds in the affected PMBs would be recovered.
FG engages 653 contractors for mass housing scheme
The projects planned in 33 states are part of the National Housing programme’s pilot scheme, which is at various stages of completion. Among those employed for the housing projects are artisans.
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.
FMBN urges N500b recapitalisation, seeks compliance with housing scheme
National Housing Fund (NHF) Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Richard Esin, has urged the Federal Government to re-capitalise the FMBN from its current capital base of N2.5 billion to N500 billion.
Report proposes N1 tr fund for housing
A new report has urged the Central Bank of Nigeria (CBN) to establish a special fund, to the tune of N1 trillion to galvanise the housing sector.The 22-page document authored by the Centre for Social Justice...