Can low-income earners build a home?
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.
Firms, groups tap into German social housing model
The innovative collaborative move involved a team of Nigerian development stakeholders visiting the City of Munich, Germany to expand knowledge on affordable, social and cooperative housing approaches.
‘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.
Lagos generates N20 billion in land administration
The performance, which surpassed the total revenue of N11.4 billion recorded in the previous year, came from transaction on the sales of land for industrial development in the state.
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...
Mortgage banks propose one-year job insurance scheme
Fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job insurance scheme, which will cover mortgage default up to a year.
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.