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Tag: Housing

Housing

Firm launches 18-block estate to bridge Lagos housing deficit gap

Nigeria’s housing deficit is continuing to shape investment decisions in the real estate sector, with HFP Engineering Ltd reaffirming its dedication to tackling the challenge through a new residential development designed to increase housing supply in Lagos. Statistics show that the housing deficit in Lagos has risen by 15 per cent, from approximately 2.95 million […]

Ministry nears complete review on Abuja estate linked to Emefiele
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Ministry nears complete review on Abuja estate linked to Emefiele

The Federal Ministry of Housing is finalizing an internal report on a 753-unit housing estate in Abuja, reportedly connected to former Central Bank of Nigeria Governor, Godwin Emefiele. The estate, now under the custody of the Economic and Financial Crimes Commission, is at the center of ongoing corruption investigations into Emefiele’s tenure at the apex […]

Over 4m households robbed in one year — Report
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Over 4m households robbed in one year — Report

A staggering 4,142,174 homes, accounting for 4.8% of households in Nigeria, fell victim to home robberies between May 2023 and April 2024, according to a new report by the National Bureau of Statistics. The NBS defined home robbery as an incident where “an offender unlawfully enters into a building residence while the occupants are inside […]

FG targets affordable house ownership, unveils mortgage fund
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FG targets affordable house ownership, unveils mortgage fund

The Ministry of Finance has launched a new initiative to expand affordable homeownership through a market-driven mortgage fund in Nigeria. The fund, part of the One Million Homes Presidential Initiative, was introduced by the Minister of Finance, Mr. Wale Edun, as a strategic move to increase access to housing, particularly for pension account holders. Dubbed […]

Nigerians opt for slums over scarcity of affordable housing - Stakeholders
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Nigerians opt for slums over scarcity of affordable housing – Stakeholders

Onwubuke Melvin Stakeholders in the real estate industry have blamed the rising slums in the country on the shortage of affordable houses for the less privileged. The Executive Secretary of the Association of Housing Corporation of Nigeria, Toe Eniola, said citizens facing economic hardship were resorting to slums for shelter due to unaffordable rents or […]

Why affordable housing can't be realistic in Nigeria - Developers
Real Estate

FMG boosts efforts to fulfil housing demands

In order to satisfy Nigerians’ need for housing, the Federal Mortgage Bank of Nigeria has stated that it is prepared to restructure and reorganize its operational activities. According to The Punch, a promise was made by the bank’s managing director, Madu Hamman, during its 2024 Management Retreat, which took place on Friday in Niger State.”Transformational Innovation […]

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