Media

COVID-19: LAGOS, ECHOSTONE SET FOR VIRTUAL SHOWCASE OF HOUSING PROJECT

SOURCE: ALAUSA ALERT

The Lagos State government, in partnership with EchoStone Housing, will host a virtual showcase of  its first green and eco-friendly Estate located in Idale, Badagry as well as an online enlightenment programme on mortgage financing.

The Honourable Commissioner for Housing, Mr. Moruf Akinderu-Fatai, disclosed this today in a phone interview with the media, stating that the virtual showcase initiative became imperative as the State Government is desirous of moving ahead with its commitment to providing decent and affordable homes for the citizenry.

According to Akinderu-Fatai the Peridot Parkland Estate project, being showcased, has been completed and is available for delivery to the public.

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April 20, 2020 News, Nigeria

Housing Deficit: EchoStone Plans 500,000 Homes

Source: Maureen Ihua-Maduenyi, 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 News, 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