Presently, the world grapples with widespread disruptions primarily characterized by economic and political hurdles. Consequently, experts in the real estate sector are probing and analyzing what lies ahead for the industry, especially with the dawn of a new year. Whereas...
Experts within the Nigerian Housing industry have expressed concerns that the allocation by the Federal Government in the 2024 budget for the sector might fall short of meeting the substantial housing demand from potential homeowners and subscribers. They also noted...
The Take-It-Back Movement, Lagos Island Chapter on Sunday, January 7, 2024, embarked on a peaceful protest along with other Lagos State residents against the high cost of housing in the state. The event tagged ‘Lagosians Walk For House Rent Relief’...
Richard Imhoagene Nigeria is plagued with an overwhelming housing crisis, characterised by a deficit that experts estimate to be at about 28 million. While the figure may be contentious, the scope and magnitude of the housing deficit in the country...
The Federal Housing Authority (FHA) intends to allocate about N776.15 million for land procurement and house construction, constituting roughly 19.8% of its total 2024 budget of N3.94 billion. The budget for acquiring land and constructing houses is about 91.1% of...
The Federal Ministry of Works and Housing has initiated the review process for the sale of houses within the National Housing Programme (NHP), inviting applications from interested Nigerians residing both within the country and abroad. This was disclosed, yesterday, January...
Peniel Investment and Development LLC, a prominent real estate investment firm headquartered in the United States, has highlighted that Nigeria is presently facing an immense housing shortage of 28 million units, necessitating a substantial N21 trillion investment to address...
At a media briefing discussing her office's accomplishments in 2023, Vice-Chancellor of the University of Lagos, Akoka, Prof. Folasade Ogunsola, highlighted that the University is battling housing, funding, and security as significant hurdles. Prof. Ogunsola emphasized that staff housing posed...
Poised to close up the housing gap confronting Nigeria, Dukiya Investment has unveiled new real estate projects in the Epe area of Lagos State. The company, in a statement, noted that the launch of Sydney and The Atlantic View Estates...
The Building Collapse Prevention Guild has stated that the planned cement price hike will worsen the country’s economy. The guild disclosed this on Sunday, December 31, 2023 in a statement, calling on President Bola Tinubu to invite cement manufacturers for...
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