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
Developers explain why they shun commercial banks’ loans
With the global financial crisis tightening its grip on diverse sectors of the international economy, many private developers are refusing to approach commercial banks for estate development loans, leaving the lucrative sector to struggle under low credit funding.
Experts seek reform in mortgage sector
Seeks Dutch strategy to counter erosion Experts in the real estate sector have called for reform in the nation’s mortgage sector to allow for long-term funding. They reasoned that the mortgage system as presently constituted does not provide the needed support for housing in Nigeria Co-founder, DNJ Properties and Investment, Limited, John Okorie made the…
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.