The Federal Ministry of Housing and Urban Development has released uniform sale prices for housing units under its Renewed Hope Estate Programme nationwide. The new price structure is part of …
Affordable Housing
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EconomyGovernment PolicyHousingInfrastructureReal EstateUrban Development
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GovernanceHousingInfrastructureLagos NewsReal EstateUrban Development
Report: 60% of Lagos Residents Live in Informal Settlements Amid Housing Crisis
Over 60 per cent of Lagos residents are forced to live in informal settlements, a new report has revealed, highlighting the severity of the state’s housing crisis and the growing …
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DevelopmentEconomyHousingInfrastructureINVESTMENTReal EstateUrban Development
Novarick Launches $116 Billion Development Initiative Across Four Cities
Novarick Homes has announced the launch of an ambitious initiative tagged Project 1600 – Vision 2045, a twenty-year plan to deliver 1,600 apartments across four of Nigeria’s key cities: Lagos, …
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DevelopmentEconomyHousingInfrastructureReal Estate
Dangiwa Marks Two Years with Bold Housing Reforms
Nigeria’s Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has marked his second year in office with what he described as bold reforms that are transforming the country’s housing …
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BusinessEastern AfricaGovernment PolicyInfrastructureReal Estate
KMRC Praised for Advancing Kenya’s Housing Agenda
The Kenya Mortgage Refinance Company (KMRC) has been praised for playing a major role in advancing President William Ruto’s affordable housing plan under the Bottom-Up Economic Transformation Agenda (BETA). The …
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BusinessEnvironmentHousingInfrastructureInnovationNigeria
Nigerian Innovator Pushes Cargo Container Homes to Solve Housing Deficit
A Nigerian construction expert, Oludare Gbenga, has proposed the use of disused cargo containers as an affordable solution to the country’s massive housing shortage. Gbenga, who is the founder of …
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DevelopmentEconomyNigeriaReal Estate
Lagos Housing Market Under Pressure as Rents Keep Rising and Affordable Homes Remain Scarce
The rental market in Lagos has been described as unstable, unpredictable, and filled with hidden rules that many tenants do not understand. This was revealed in the third edition of …
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EconomyGOVERNMENTHousingInfrastructureReal EstateUrban Development
Nigeria Announces N70 bn Urban Housing Fund to Reduce Deficit
The Federal Government of Nigeria has raised over N70 billion to fund large-scale housing developments across urban centres in the country, using Public-Private Partnerships (PPPs) as a major source of …
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Business and EconomyDevelopmentDiasporaHousingReal Estate
FMBN Offers Mortgage Loan to Nigerians in Diaspora
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a special mortgage loan for Nigerians living abroad. The new product, called the Diaspora Mortgage Loan, was officially launched by the …
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Finance & ServicesGOVERNMENTLeadershipNigeriaPoliciesReal Estate
AHCN Appoints Chime Obiora as Chairman, Board of Trustees
The Association of Housing Corporations of Nigeria (AHCN) has appointed Chime Obiora as the new Chairman of its Board of Trustees. His appointment follows the death of the former chairman, …