Category Archives: Housing Finance

Lagos Govt reduces Land Use Charge

•No more penalty for late payment •Payment can be made by installments The Lagos State Government has announced the reduction in the Land Use Charge. READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA Reports say the reduction was part

FMBN explain reasons for unoccupied houses in 10 states

THE Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, on Wednesday, said the issue of affordability is the major reason why estates built by the FMBN in 10 states remained unoccupied. Dangiwa, who expressed worry over the development said, despite efforts to

Imperial Homes Mortgage Bank to empower Nigerians

Imperial Homes mortgage Bank has assured Nigerians of its commitment to providing easy and affordable mortgage solutions to address and help reduce the housing deficit in Nigeria. The bank expressed this commitment through a statement released from its corporate headquarters in Lagos. Get your daily

Regulating the Mortgage Industry in Nigeria

It is no longer news that Nigeria has a huge housing deficit, which experts have put at above 17 million units that would require an annual investment of billions of naira for the next 10 years to bridge. Yet there is no coherent housing policy

Economic policies and human development

Nigeria’s economy had for over three decades now been presided over by the brightest economists from all over the world, from the top echelon of the World Bank, ADB/ADF, the Academic Community and other economic pundits. Yet, The Human Development Index (HDI) of Nigerians which

Trapped funds: Union Homes’ depositors petition Reps

Maureen Ihua-Maduenyi Depositors of the defunct Union Homes Savings and Loans have petitioned the House of Representatives seeking help for the refund of their trapped funds in the mortgage bank. In the petition dated February 8, 2018, the depositors said they had neither heard from

Stakeholders Chart New Path for Financing Low-Income Homes

With housing production estimated at 100, 000 housing units per year, experts in housing industry have called for adequate housing finance for the low-income group, which constitutes larger part of the population. According to them, the lowest recorded interest rate on a mortgage in Nigeria

BSTAN Charges FG to Provide Housing for IDPs

Property developer has expressed dissatisfaction over inability of political office holders to provide adequate housing for Nigerians. The Managing Director of Bstan Homes, Bekky Damilola-Oke urged politicians to provide houses for internally displaced persons as well as train them. Lamenting the increasing rate of IDP

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