Nigeria

Has Nigeria’s Federal Government Unlocked the Secret to Affordable Housing?

SOURCE: LAGOS, NIGERIA, (ECHOSTONE DEVELOPMENT NIGERIA LTD)  Officials tasked with the development of affordable housing made news this weekend, as Nigeria’s Minister of State, Works and Housing disclosed the Federal Government’s (FG) plan to build 4 million houses by 2033. With a national housing deficit estimated between 17 to 20 million and growing by 900,000 … Continue reading

August 29, 2019 Nigeria

Real Estate Projects Changing Nigeria’s Landscape

SOURCE: AFRICA PROPERTY NEW When it comes to real estate projects in Nigeria, pundits within the property space are optimistic that 2019 will experience a major boost in Africa’s largest populous nation. Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted. Gross domestic product in Africa’s … Continue reading

June 25, 2019 Nigeria

NIESV Nominates Affordable Housing Provider for Honours Nite Award

SOURCE: ECHOSTONE OPCO (PRNewswire) The Nigerian Institute of Estate Surveyors and Valuers (NIESV) of the Lagos State Branch has invited EchoStone, an international solution provider focused on affordable housing, to their 13 Honours Nite Awards. Furthermore, EchoStone Nigeria has been nominated for “Most Innovative Building Material in The Industry.” The event is scheduled to be held … Continue reading

May 21, 2019 Nigeria

EchoStone and NMRC Partner to Advance Efficient Housing Delivery in Nigeria

SOURCE: NIGERIA MORTGAGE REFINANCE COMPANY EchoStone Housing (EchoStone), a leading global provider of efficient Housing systems and the Nigeria Mortgage Refinance Company Plc (NMRC), Nigeria’s foremost Mortgage underwriter, have gone into a partnership to address one of the nations’ most pressing issues, which is to improve the operational efficiency of delivering commercially viable, qualitative and … Continue reading

January 2, 2019 Nigeria

Building Strong Pillars for National Mortgage Market

SOURCE: THIS DAY LIVE The key elements for the growth of a national mortgage finance market are gradually taking shape. Major housing industry players including mortgage banks, financing institutions, and developers are working together in a more structured fashion. The country’s mortgage market, which has for several decades, depended on bank deposits now raises longer-term … Continue reading

January 2, 2019 International, Nigeria