Yobe partners Family Homes Funds in N10.8 billion estate

Determined to address the 2.3 million housing deficits in the state, Yobe government has jump-started a new scheme, which would deliver 3,600 affordable units to the residents. The scheme will be financed by Family Homes Funds (FHF) Limited, a subsidiary of Federal Ministry of Finance, at the cost of N10.83 billion. The houses comprise two and three-bedroom apartments. Each three-bedroom…

FMBN disburses N132.5m housing loan to Lagos workers

Apex mortgage institution, Federal Mortgage Bank of Nigeria (FMBN) has disbursed a total of N23.3billion under its (HRL) Home Renovation Loan scheme. Out of this, N132.520 million has been given to members of Lagos State Public Servant Housing Cooperative. FMBN Managing Director, Ahmed Dangiwa who made this known during the presentation of the symbolic cheque for N56.840 to the cooperative,…

National Assembly probes abandoned NSITF property in Lagos

Finally waking up to the realities that some Federal Government properties still rot away in Lagos, the National Assembly has begun investigation into the abandoned National Provident Fund building, now known as Nigeria Social Insurance Trust Fund (NSITF) along the Badagry expressway. The culture of waste that has recently dotted the Nigeria’s landscape, continued to take its toll on properties…

Experts urge estate agents to leverage on technology

Bothered by the disruptive impacts of technology on the built sector, practitioners especially, the Association of Estate Agents in Nigeria (AEAN) have been urged to embark on regular training and re-training of members on new innovations that would enhance their business. Technology roles on preconstruction, construction and post construction stages as well as real estate transactions had recently revolutionized the…

‘How World Banks’ green building certification can benefit Nigerian investors’

Investors in housing sector have been charged to introduce and implement a greener development path that ensures resource-efficient construction and practices. According to experts, green construction offers a chance to secure emission cuts at a low cost and lock in energy and water savings for decades to come. Nigeria currently ranks as the 15th most vulnerable country to the effects…

‘Demand for housing in Africa is rapidly outstripping supply’

Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded…

Experts seek regulation for property technology

Following the projection that proptech will attract about $20billion to real estate industry in 2019, experts have asked the federal government to put in place policy and regulatory framework that would enhance performance of property technology sector and help start-ups overcome challenges faced in their operations. This was the position of experts who gathered at the Nigerian Property Technology Conference…

Stakeholders urge government to focus on affordable housing

With the population outstripping available homes, stakeholders in the industry have asked government to focus more on the provision of quality and affordable housing. They canvassed for houses that meet people’s standards and delivered in record time, without the usual bottlenecks associated with acquiring properties in the country.The experts spoke at the 7th edition of the Africa CEO’s forum held…

Nations adopt blueprint for more sustainable future, pledge to protect degraded planet

The world at the weekend laid the groundwork for a radical shift to a more sustainable future, where innovation will be harnessed to tackle environmental challenges, the use of throwaway plastics will be significantly reduced, and development will no longer cost the earth. After five days of talks at the Fourth UN Environment Assembly in Nairobi, ministers from more than…