Business

ARM Investment Managers to channel N1trn fund into affordable housing projects

DailyTimesNGR DailyTimesNGR 28 January 2025 0

BY MOTOLANI OSENI The federal government has appointed ARM Investment Managers (ARM) as the Fund Manager for its N1 trillion Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), aimed at addressing the housing deficit and promoting inclusive economic growth. The MREIF is an

Business

FG invests N150bn in housing fund to tackle deficit

DailyTimesNGR DailyTimesNGR 28 January 2025 0

BY MOTOLANI OSENI The federal government, through the Ministry of Finance Incorporated (MOFI), has invested N150 billion in the Real Estate Investment Fund (MREIF) as part of efforts to address the housing deficit in the country. This landmark initiative was designed to stimulate economic activity in the real estate and construction sectors. The full subscription […]

Politics

Give us more funds to build 50,000 housing units, create 1.25m jobs – Housing minster begs  Senate 

DailyTimesNGR DailyTimesNGR 21 January 2025 0

By Tunde Opalana The Minister of Housing and Urban Development, Ahmed Dangiwa has begged the National Assembly to increase it’s  budgetary allocation for  it to fund  seven critical programmes of the housing sector. These projects which include the Renewed Hope Cities and Estates Housing Programme and Slump Upgrading and Urban Renewal Programme and

News

Housing Affordability Crisis in Nigeria: HDAN Calls for Urgent Action

Ihesiulo Grace 4 September 2024 0

The housing affordability crisis in Nigeria has reached alarming levels, particularly in Lagos and Abuja, where property prices have soared beyond the reach of many potential homebuyers. The Housing Development Advocacy Network (HDAN) has been actively advocating for government intervention to address this growing issue, which has made homeownership a distant dream for

Headlines

National Housing Programme: FG gives allottees 8 weeks to complete payment

DailyTimesNGR DailyTimesNGR 13 August 2024 0

The Federal Government has given the first batch allottees of the National Housing programme (NHP), eight weeks to complete their payments or forfeit their allocations. Dr Marcus Ogunbiyi, Permanent Secretary, Ministry of Housing and Urban Development disclosed this in a statement on Monday in Abuja. In the statement signed by Mr Salisu Haiba, Director, Press […]

Headlines

FG holds ground-breaking for 216 FISH housing units at PSIN

DailyTimesNGR DailyTimesNGR 9 August 2024 0

The Federal Government on Thursday, held a ground-breaking ceremony for the construction of 216 housing units of the Federal Integrated Staff Housing Estate (FISH) project. The ceremony, performed at Public Service Institute (PSIN) complex at Kubwa in Abuja, witnessed a foundation laying for the 216 units of two and three bedroom flats Speaking at the […]

Real Estate and Environment

Housing experts seeks govt attention on local building materials

DailyTimesNGR DailyTimesNGR 22 November 2023 0

…applauds FCT minister on CofO Experts in the housing and construction industry have asked the government to shift more attention to the production of local building materials, as a major step to reduce the high cost of properties across the country. This was as they applauded the initiative by the Federal Capital Territory, Nyesom Wike, […]

News

How Nigerians are accessing affordable housing through NGO initiative

Ihesiulo Grace 16 December 2022 0

By Ukpono Ukpong Nigeria’s growing number of homeless people has been a cause for concern for many well-meaning Nigerians and international organizations alike. These have been aggravated by the exploding population Nigeria is currently facing. Housing deficit, when left unabated, could lead to an increase in crime, an outbreak of diseases, unaffordable house prices as

Headlines

Why we’re incapacitated to give workers housing loans – FG

Ihesiulo Grace 27 October 2022 0

By Tunde Opalana Workers on the payroll of the Federal Government may have had their hope of accessing housing loans dashed due to paucity of funds for agency of government saddled with the responsibility of giving such loans. The Federal Government Staff Loan Board said it cannot attend to the high number of housing loan […]

News

Big Question, Family Homes Fund Limited, Where are the 500,000 housing units created, Nigerians

Ihesiulo Grace 27 October 2022 0

Efforts by the Federal Government, FG, to ensure that deficit housing conditions seen in the country and the spate of unemployment among young Nigerians and other myriad of problems faced in the country are addressed, have been mired in controversy. Oftentimes, Nigerians have bemoaned the high economic and social instability pervading the polity which are […]

News

FG reveals plan to evacuate broken down trucks from highways

Ihesiulo Grace 16 February 2020 0

Minister of Works and Housing, Babatunde Fashola, has revealed plans to immediately remove any broken down truck from the highways as part of measures to ensure the free flow of traffic while construction work is on -going. He gave the assurance over the weekend while inspecting the rehabilitation of the Odukpani- Akpet-Alesi -Ugep Road in […]

Features

FG strategies to tackle housing challenges

Ihesiulo Grace 4 November 2019 0

Abuja The Federal Government has reiterated its commitment to developing holistic strategies involving all tiers of government and the private sector to tackle housing challenges in the country. Mr Mohammed Bukar, Permanent Secretary, Federal Ministry of Works and Housing (FMWH) said this in his opening remarks at the Eight Meeting of the National Council on […]

Headlines News

Buhari okays 23 new appointments, seeks Senate’s confirmation of 26 nominees

Ihesiulo Grace 11 April 2018 0

President Muhammadu Buhari has approved the appointment of Chief Executive Officers (CEOs) of agencies in the Federal Ministries of Health, Information and Culture, Education, Power, Works, and Housing, and Resident Electoral Commissioners in the Independent National Electoral Commission (INEC). This development was contained in a statement issued by Mr Lawrence Ojabo, the

News Politics

Reps dissatisfied with non-utilization of lands by military

Ihesiulo Grace 1 February 2018 0

The House of Representatives on Wednesday expressed disappointment at the non-utilization of land acquired by the military in various parts of the country and has charged the Minister of Power, Works and Housing, Babatunde Fashola to ensure that all lands acquired by the military authorities are used for the purposes intended. The House resolution follows […]

News

Bridging housing deficit through technology

Ihesiulo Grace 6 January 2018 0

‘We must address 17 million housing deficit, 25% ownership rate in Nigeria” For many Nigerians, especially urban dwellers, having a roof over their heads and that of their families is a nightmare they pray fervently will pass over them. However, one sure way to tackle this nightmare is in the deployment of technology. This was […]

Business

Group advocates support for FMBN boss

Ihesiulo Grace 22 December 2017 0

Following a public hearing session organized by House of Representatives on the National Housing Fund, NHF,a Non-Governmental Organisation, Media Practitioners For Development has canvassed for unbridled cooperation of all relevant stakeholders in the sector to ensure the success of Federal Mortgage Bank of Nigeria FMBN under the leadership of Arc Ahmed Dangiwa. In a

Business

Firm shows commitment in resolving housing problems

Ihesiulo Grace 4 December 2017 0

Homework Development and Properties Limited has shown a strong commitment in resolving the housing deficit in Nigeria through affordable mini estates of one, two and three bedroom apartments which feature innovative architectural designs. Director of Homework Development and Properties Limited, Mr. Jide Adekola, whose firm participated at the two-day West African Property

Interviews

Government, agencies must synergise on foreign exchange management- Adeleke

Ihesiulo Grace 9 November 2017 0

Last Tuesday, President Muhammadu Buhari presented to the joint session of the National Assembly in Abuja, N8.612 trillion 2018 Appropriation Bill. In this interview with GANIYU OBAARO, a financial expert, Mr. Azeez A. Adeleke, FCIB, examines some key issues in the budget, including sectoral allocation, foreign exchange, diversification, taxation and job creation. Excerpts

News

AUPCTRE election spurs fresh campaign against water privatization

Ihesiulo Grace 6 November 2017 0

Following the successful election of Comrade Benjamin Anthony of Federal Housing Authority (FHA) Abuja as the president of the Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE), the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has firmed that this would be a new dawn in the campaign against

Business

NIRESE summit: Ambode, stakeholders offer panacea for housing deficit

Ihesiulo Grace 20 September 2017 0

Governor Akinwunmi Ambode of Lagos state has expressed the commitment of Lagos government to providing affordable housing through partnership with the private sector. The governor made this known at the Second Nigeria Real Estate Summit and Expo held in Lagos on Tuesday. In his keynote address, the Lagos governor identified housing deficit as one of […]