While Nigeria is grappling with the ‘headache’ of huge housing deficit, fresh facts have emerged as to the reason the deficit has continued to increase. Cost experts believe that with their intervention, corruption can be eliminated in award of projects. Specifically, hundreds of housing projects across the country which started several years ago, have been abandoned at various stages of…
When it comes to putting up your property for sale, it is important to know that the property’s value is directly proportional to the amount of money it will command in the market. A dilapidated house with dirty and shrunken features will not command the same market price as a beautifully house with a nicely mowed lawn. According to real-estate…
Eggheads and investors are expressing deep emotion over the policy inconsistency in the housing industry, which they blamed for the deficit in the sector. To achieve sustainable housing delivery in Nigeria, numerous housing strategies, programmes and policies have emerged from colonial era to date. Although the housing policy also takes into consideration, other vital issues like health, finance, cooperative, provision…
The Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed concerns over the passage of national budgets without implementation on the housing sector, stressing that there is so much deceit and under development in the sector. NIESV stated that budgets meant for the sector have continued to be treated with levity, stressing that while only fifty percent of what…
The Federal Government has disclosed that a total of 1, 350 houses have been completed at various locations in Abuja and Lagos and their letters of allocation will be ready for distribution. The beneficiaries (civil servants) are under the Federal Integrated Staff Housing (FISH) programme. FISH programme, which is the initiative of the Head of the Civil Service of the…
Experts seek campaign to increase recycling Buoyed by the disruptive impact of plastic and the need to reduce its effect, environmentalists have called for a collective action against single –use plastic products. They expressed worries that the world is daily confronted with problems arising from plastic pollution, stressing that about 300 million tonnes of plastic wastes are produced each year….
For the yield-hungry investors, 29 percent annual return or yield on a N4.034 million investment in a hotel room is not only historic but also compelling at a time in Nigeria when viable investment asset class is hard to find, and that signposts a new trend for savvy investors. This is what The Oceanna, an iconic development in Lagos, Nigeria,…
Facts have emerged that high rental prices of houses in the nation’s capital, Abuja have driven residents, especially, civil servants and low-income earners to seek accommodation in the outskirts. The biggest drops in rental affordability over the past five years are in areas like Asokoro, Maitama, Wuse I and II, Wuye, Jabi, and Garki, where two bedroom flat goes between…
The Minister of State for Power, Works and Housing, Suleiman Hassan, has said that the Federal Government will deliver no fewer than 2,450 housing units in the first phase of the National Housing Programme of the President Muhammadu Buhari administration. He said the programme involved the building of an average of 70 housing units in 35 states of the federation…
Amid cconcerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand its coverage to capture the…
