The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone, Lagos, for a...
The Federal Government has directed the Federal Mortgage Bank of Nigeria (FMBN) to work with state governors on bankable projects under the Renewed Hope housing campaign to expand homeownership and reduce the nation’s housing deficit.
The Federal Government has announced plans to launch the State-by-State Homeownership and Housing Development Campaign, aimed at bridging Nigeria’s housing gap by giving state governments access to funding and technical expertise.
The Federal Government has announced plans to roll out Renewed Hope Cities in four geopolitical zones and expand Renewed Hope Estates to 24 more states as part of its affordable housing drive.
The Federal Government has warned estate associations in Lagos State against unauthorised collection of ground rent from occupants of Federal Government-owned lands and properties.
The Federal Government has announced its intention to rehabilitate and lease unused and dilapidated federal buildings in Lagos through partnerships with private investors.
As a citizen, the news that the Federal Government has approved the release of N126.5 billion for the provision of 100,000 houses across the nation in 18 months fills one with a mix of hope and cautious optimism.
FMBN has revealed that the National Housing Fund (NHF) has increased by N294 billion as additional contributions within the last 5 years.
The Federal Mortgage Bank of Nigeria has disbursed a total of N265 billion under the National Housing Fund.
Nigeria has a deficit of 16 million to 22 million housing units, but this figure has created a division between the SSG to the Federal Government and Minister of Works and Housing.
The FMBN does not have a strong capital base and this is affecting the availability of low-cost housing in Nigeria.
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