Dangiwa Applauds Centenary City Project
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has applauded the Centenary City Plc. The Minister said that the city is a reliable way to boost Nigerian investment opportunities. The Minister made this known during an inspection tour to the Centenary city project in Abuja. He was accompanied by the Permanent Secretary, Dr […]
FG Committed to Solving Housing Needs of Nigerians – Belgore
The Permanent Secretary, Federal Ministry of Housing and Urban Development, Dr Shuaib Belgore has restated the commitment of the federal government to solving the housing needs of Nigerians. Belgore retated this when he hosted the marketing manager of China Harbour Engineering Company limited, Mr Nicholas Liu who led his management officers on a visit to […]
FMBN raises Housing Mortgage loan to N50m
The Federal Mortgage Bank of Nigeria (FMBN) has raised the maximum National Housing Fund (NHF) Mortgage Loan from N15 million to N50 million per applicant to enhance access to affordable housing, particularly for high-income earners in the private sector. FMBN’s Managing Director/Chief Executive, Shehu Usman Osidi, announced the development in a goodwill message delivered by […]
Nigeria, Algeria initiate Technical Collaboration on Social Housing
Minister of housing and Urban Development, Arc. Ahmed Dangiwa and Minister of Housing, Urban Planning, Algeria, at the Sheraton Hotel in Algiers In a significant move toward ensuring efficiency and sustainable impact of planned social housing initiatives in Nigeria, Arc. Ahmed Musa Dangiwa, Nigeria’s Minister of Housing and Urban Development, met with Mohamed Tarek Belaribi, […]
How Architect Ahmed Musa Dangiwa is Transforming the Housing Sector
Architect Ahmed Musa Dangiwa is not a new face in Nigeria’s housing sector. Prior to his appointment as the Minister of Housing and Urban Development by President Bola Ahmed Tinubu, Ahmed has served as the Managing Director of the nation’s regulatory body for the housing industry, the Federal Mortgage Bank of Nigeria (FMBN) after more […]
Why Nigeria’s Housing Deficit Quadrupled in Three Decades
Nigeria has an estimated 28 million housing deficit as of 2023, indicating that the country needs at least 28 million housing units to provide adequately for the population. An estimated sum of N21 trillion is required to provide housing units to fill the deficit. This means the reals estate sector needs an investment of over N21 trillion […]
Operators project over 60% rise in housing deficit
Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions. The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips Ayotunde, projected that the housing deficit would increase by over 60 per cent […]
Foreign Investors’ Participation in Nigeria’s Housing Sector will Enhance Standard – UPDC MD
Although the data on the deficit in Nigeria’s housing sector is unknown, there can be no gainsaying the fact that millions of Nigerians need befitting shelter. In the face of deficit and incessant building collapse, the managing director of UACN Property Development Company (UPDC), in this interview told Nairametrics that Nigeria needs foreign investors in […]