Category Archives: Business

Housing : Our destination in the next decade — Joseph Ogeh

Commissioner for Housing, Delta State, Architect Joseph Ogeh, has revealed the go-getting programmes of Governor Ifeanyi Okowa in multiple joint ventures with African Development Bank, ADB, Sovereign Wealth Fund, National Housing Fund, NHF and cement manufacturer, Lafarge Cement Company to turn civil servants in the

Kaduna, Sterling Bank seal N5b mortgage deal

Towards providing mortgages at single-digit interest rate, the Kaduna State Government has launched a N5billion fund with Sterling Bank to facilitate home ownership. Under the scheme, the parties would each contribute 50per cent of the mortgage fund, which is billed to reach N5 billion for

Social housing as antidote to Nigerian housing challenges

On July 31, 2014, the Federal Government, in Abuja, launched the first 10,000 mortgages for affordable homes scheme. The then Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, stated that the Federal Government’s 10,000 mortgage scheme was inspired by former President

A Comparative Analysis of Housing Indicators in China and Nigeria

In our previous review of “Nigeria’s journey towards sustainable housing provision”, we highlighted several housing indicators in the areas of housing deficit, mortgage interest rate, mortgage down payment rate and repayment period, policy reforms, cost of housing, which were used to explain the current state

Eco-Stone expected in Lagos for mass housing under state’s LAPH initiative

Eco-Stone, a foreign firm with expertise in mass production of affordable housing using a building system called Solar Light Weight Concrete, will soon be in Lagos to drive the state’s civil servants-focused Lagos Affordable Public Housing (LAPH) initiative, the state’s commissioner for housing, Gbolahan Lawal,

Food vendor at federal housing site sells N38,000 daily

A vendor, Mrs. Regina Ibe, who sells food at the National Housing Programme (NHP) project site at Idomwen-Ehigie in Uhumwode Local Government of Edo State, yesterday said she made N35,000 daily. She said since the beginning of the project in March 2017, her business had

Low-cost housing needs dignity, says Indian architect Balkrishna Doshi

Fresh from scooping architecture’s most august award, the champion of housing for the poor is urging greater compassion The winner of architecture’s “Nobel prize”, Balkrishna Doshi, has called on his profession to rethink the way it approaches building for the most impoverished communities. READ:ABUJA INTERNATIONAL

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