The Federal Mortgage Bank of Nigeria (FMBN) estimates that over N1.5 trillion investments in the National Housing Fund (NHF) scheme have been denied the housing finance sector due to the non-compliance
Real estate data critical to mortgage sector growth, say experts
Real estate professionals have reinforced the need for reliable housing data to guide operators in making decisions.
FMBN pledges N1b mortgage finance facility to Lagos workers
Fresh facts emerged last week that the Federal Mortgage Bank of Nigeria (FMBN) has set aside N1 billion as guarantee for Lagos civil servants, clamouring for homes under the National Housing Fund (NHF).
Experts highlight engineering roles in COVID-19 management
Experts in the construction industry have highlighted the critical roles engineers could play in the management of the novel coronavirus pandemic.
FHA evaluates schemes, pledges affordable housing
The Federal Housing Authority (FHA) has begun the assessment of housing schemes in Abuja. The newly inaugurated management assured citizens that low-cost housing units would be realisable, and expressed Federal Government’s commitment to deploy adequate funds to hasten the process.
Oyo government to create four new layouts in Akinyele, others
Oyo State Government plans to create layouts for four Government Reserve Areas (GRAs) before the end of this year.Three of them will be located in Akinyele Local Government Area to take advantage of the Ibadan Inland Dry Port at Akinyele and the construction of Lagos-Ibadan railway
Nigeria commits $9.4m in Shelter Afrique, becomes second-largest shareholder
The Federal Government has committed $9.4 million to pan African housing development financier, Shelter Afrique (SHAF), which is owned by 44 African governments, African Development Bank (AFDB) and Africa Re.
‘Democratisation of housing finance will guarantee access to fund’
Housing professionals have warned that except there is an equilibrium between the rich and the poor in accessing housing finance, the wide gap in homelessness among the low-income earners that constitute about 85 per cent of the population may continue. They argued that the possibility of having an efficient, transparent financial sector that provides a…
Experts seek new housing model for first-time homeowners
Amid shortfall in housing supply, experts have advocated a new model to drive policy for first-time homeowners. They observed that such a move would help to mitigate the housing deficit
CBN floats Nigeria’s first mortgage guarantee firm, doles out N7.5billion
Efforts to revive the mortgage sub-sector and reposition the housing financing institutions in the face of current demands and challenges have received a boost