Category Archives: Business

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 …

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 …

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 …

Workers seek withdrawal of funds from NHF

For not meeting their housing needs, Federal Government employees are mounting pressure to break the monopoly of National Housing Fund (NHF) on workers’ contributions. To show their seriousness, they are currently seeking withdrawal of their contributions from the NHF to …

Akwa Ibom Lawmaker Donates Housing Estate To Constituents

In what could be considered a unique deviation from the common political empowerment practices of giving cars and cash gifts, Engr. Otobong Ndem, the lawmaker representing Mkpat Enin state constituency in the Akwa Ibom State House of Assembly, has donated …

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