Media

Housing Deficit: EchoStone Plans 500,000 Homes

SOURCE: PUNCH NEWS

Real estate development firm, EchoStone Nigeria, says it plans to build 500,000 houses over the next 10 years using innovative technology as part of its contribution to reduce the country’s housing deficit.

The Director, EchoStone Nigeria, Mr Sammy Adigun, said with the company’s technology in building construction, it had the capacity to construct four units of houses in 14 days using one aerocrete machine.

He made this known during the visit of the Ambassador of Sweden to Nigeria, Carl Grans and Deputy Head of Mission, Sweden Embassy, Fanny Nylander, to EchoStone Nigeria’s facility which houses the prototype of a two-bedroom apartment constructed by the company.

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February 3, 2020 International, Nigeria

Housing Deficit: Why Sweden, Others are Partnering with EchoStone Nigeria

SOURCE: DAILY TIMES

real As the housing deficit in Nigeria continues to grow, while affordability to home ownership, also, remains a serious challenge, countries across the world have seen reasons why they should partner with EchoStone Nigeria Limited, in order to provide affordable housing solution to Nigerians.

In fact, the current Managing Director/CEO, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa had put the country’s housing deficit at 22 million units, and the bulk of that is in urban areas — Lagos, Port Harcourt and Abuja.

But speaking with the newsmen after inspecting a prototype of the EchoStone two-bedroom bungalow, at the Government Technical College, Agidingbi, Lagos, Swedish Ambassador to Nigeria, H.E Carl Michael Gräns has reiterated Sweden continuous partnership with EchoStone Nigeria.

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February 3, 2020 International, Nigeria

Swedish Ambassador Reiterates Partnership with EchoStone Nigeria to Provide Affordable Housing Solution

SOURCE: LAGOS BUSINESS NEWS

swedish ambassador visit with echostone nigeriaAs the Federal Government of Nigeria and most of the states including the Federal Capital Territory (FCT) Abuja, combating with the nation’s high housing deficit, Sweden Ambassador to Nigeria, H.E Carl Michael Gräns has reiterated Swedish continuous partnership with EchoStone Nigeria, in providing affordable housing solution to Nigerians.

The current Managing Director/CEO, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa had put the country’s housing deficit at 22 million units; and the bulk of that is in urban areas — Lagos, Port Harcourt and Abuja.

But speaking with the newsmen after inspecting a prototype of the EchoStone two-bedroom bungalow, at the Government Technical College, Agidingbi, Lagos, Michael Gräns was amazed that the firm could build houses in 14 days, which is cheap, eco-friendly and available for people in such a short time.

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February 1, 2020 International, Nigeria

Lagos Ignites Property Revival in Badagry

SOURCE: THE GUARDIAN

Lagos-badagry expressway

Abandoned to fate by successive governments, the ancient city of Badagry has been bereft of any meaningful property investment. However recent infrastructural developments spearheaded by the Lagos State government have ignited growing interests among investors in the once docile city.

With the discovery of oil, ongoing reconstruction of Lagos- Badagry Express way, relative peaceful environment, and cheap expanse of land, the axis is heralding a robust real estate development despite the lull in Nigerian property market. The historical city now offers a ray of hope for property investment with developers and realtors coming with different incentives to take the large chunk of the bounty.

The axis, comprises of Ajara, Mowo, Badagry, and Agemowo Village, is now witnessing investments in the excess of $5 billion with an avalanche of private developments.

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January 21, 2020 Nigeria

Badagry is the future of Lagos

SOURCE: PM NEWS

Lagos State Government Officials and EchoStone Director in Peridot House

Lagos State Government Officials and EchoStone Director in Peridot House

Managing Director, Echostone Development Nigeria, Mr Sammy Adigun has described Badagry where Lagos State government is building its first green and eco-friendly estate as the future of the state, adding that the Echostone took advantage of the history of the town and available infrastructure to come up with the novel project.

Adigun stated this on Thursday during a site inspection of the Peridot Parkland Estate by Commissioner for Housing, Moruf Akinderu-Fatai before the close of the first quarter of this year. on Thursday in Badagry.

Adigun further urged people to buy houses in the estate now and pay later, as the value of the houses would double in the next five years.

Badagry is the future of Lagos. When you talk of Lekki 30 years ago, that is what Badagry is today, it is even 10 years away from blooming. The road passed you passed from the airport to this place is 68 kilometres, while from the airport to Ajah is about 80 kilometres, so it is actually closer to come. When the expressway is completed the travel time from the airport will drastically reduce.”

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January 21, 2020 Nigeria