Lagos, Firm to Build 2,000 Housing Units in 3 LGs


A property development firm, EchoStone Nigeria Ltd., in conjunction with the Lagos State Government yesterday laid foundation for speedy construction of 2,000 housing units in three Local Government Areas (LGA) of the state. News Agency of Nigeria (NAN) reported that EchoStone was deploying a new technology that would allow construction of several houses by the day. Already, the firm had begun the project which would drive mass housing delivery in Lagos with the construction of 250 units of two bedroom flats in Idale in Badagry council area. The ground-breaking event for the Badagry estate was held at the Lagos State Vocational Education Centre compound in Agidingbi where EchoStone began construction of a prototype. Continue reading
November 30, 2018 Nigeria

How to Solve Lagos’ Housing Crisis – EchoStone CEO


Co-founder and CEO of EchoStone Anthony Recchia says Nigeria’s ease of doing business policy has encouraged private sector investments, in the country’s housing sector. He discussed Echostone’s strategy for tackling housing deficit and the role of technology in providing solutions with CNBC Africa’s Christy Cole.


November 30, 2018 Nigeria

NMRC, IFC Launch EDGE Green Building Certification System


photoTo encourage companies to invest in sustainably-designed buildings, Nigerian Mortgage Refinance Company (NMRC) and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the EDGE green building certification system in Nigeria to jumpstart the mainstreaming of resource-efficient buildings across the country in a fast, simple and affordable way.

An innovation of IFC, EDGE (Excellence in Design for Greater Efficiencies) is a certification system for new residential and commercial buildings that enables design teams and project owners to assess the most cost-effective ways to incorporate energy and water saving options in their buildings. Continue reading
May 28, 2018 Nigeria

Lagos, EchoStone Sign MOU to Deliver 2,000 Housing Units


The Lagos State Government has signed a Memorandum of Understanding, MOU with EchoStone Development Nigeria Limited to deliver 2,000 housing units in three locations across the state.

The MOU was signed at the Ministry of Housing, Alausa, in Ikeja, Lagos, Southwest Nigeria on Wednesday, with the leadership of EchoStone USA present.

EchoStone is expected to deploy a new technology that will facilitate the construction of houses in record time and deploy its money while the state government will provide the land and others.

Continue reading
December 14, 2017 Nigeria