Media

Police Plan N750b Homes for Officers, Others Nationwide

SOURCE: THE GUARDIAN 

An ambitious housing scheme has been launched by the Nigeria Police Force to ameliorate the housing challenges facing its rank and file across the country. The police, presently lack descent accommodation for its officers and men, as is visibly evident in the condition of most Police barracks.The more worrisome is that most policemen in Nigeria work and retire without having a home to spend the rest of their life.

Against this backdrop, the force signed a joint development agreement Continue reading
October 28, 2019 Nigeria

Affordable Houses: Stakeholders Advocate Good Governance

nish affordable housingSOURCE: VANGUARD 

Mr. Yemi Adelakun, Managing Director, Nigeria Integrated Social Housing (NISH) Affordable Housing Ltd has advocated good governance and a robust savings scheme to enable the country to deliver a proper cooperative housing scheme.

Adelakun made the call in Abuja on Monday at a stakeholders’ quarterly workshop on cooperative housing in Nigeria with the theme, “’Aggregating Off-takers’ Savings for Affordable Housing in Nigeria’’. Continue reading
September 16, 2019 International

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 units annually, this left many questioning how the new commitment will be fulfilled. The secret could be public-private partnerships. Along with their increased commitment to developing homes, the FG has made significant advancements in three critical areas essential to securing affordable housing – land acquisition, affordable financing, and optimized technology. 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 largest oil producer expanded by 2.01% in the three months through March from a year earlier, the Abuja-based National Bureau of Statistics said in a report published on its website last month. The position of most experts is that with a visibly improved economy, the Nigerian property market will be on the path of witnessing a rebound from the uncertainties that plagued the sector in 2018.

Continue reading
June 25, 2019 Nigeria