Sam Odia, the Chief Executive Officer, Millard Fuller Foundation (MFF), “Affordability is determined by a number of factors, key of which are the income level of the buyer, the cost of land, materials and labour that go into building the house and the cost of funds.”
CBN picks eight microfinance banks for FG’s ‘My Own Home’ scheme
The scheme, ‘My Own Home’ comes as an offshoot of the Nigeria Housing Finance Programme (NHFP) set up by the Federal Government and implemented by the Central Bank of Nigeria (CBN) with the support of World Bank’s $300 million loan.
Engineers seek more funding for nation’s infrastructure
According to them, Nigerian Local Content Act popularly called “NOGICD Act 2010” was a major change agent for engineering design by increasing the domiciliation of engineering to over 55per cent from 5 per cent.
‘Building technology now makes home delivery faster, affordable’
Building environment experts have revealed that cutting-edge technology holds key to lower house prices and increasing affordable housing stocks that could mitigate the nation’s deficit.
How FMBN can boost housing stock, by professionals
For The Vice President, Nigerian Institute of Building (NIOB), Mr. Kunle Awobodu, more efforts should be concentrated in tackling the bottlenecks associated with access to mortgages.
Federal workers, NMRC in N13 billion mortgage refinancing deal
Towards providing adequate funding at low interest rate for the delivery of affordable housing to public servants, the Federal Government has entered...
New housing solution emerges in Cedar Homes
A Lagos- based real estate company - Realty Point Limited has again unfolded its flagship mass housing programme, Cedar Homes, which is pioneering eco-friendly and environmentally sustainable gated community.
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.