• ALIYU

    60% Housing Stock In Nigeria Is Imported – Aliyu

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    Mallam Ibrahim Aliyu is the chairman of Urban Shelter Limited and former managing director of Nigeria Industrial Development Bank now Bank of Industry. In this interview with CHIKA OKEKE, he regretted that 60 per cent of Nigeria’s housing stock was imported saying that over 70 per cent of workers rent houses. Many PMIs have been…

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  • PROPERTY

    Controversy Trails Adoption Of Generational Mortgage Finance

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    The bottlenecks associated with housing finance are enormous. In this report, CHIKA OKEKE writes on the brewing controversy revolving around the adoption of generational mortgage finance. There have been repeated calls by experts on the need to initiate flexible interest rate as a panacea to mortgage financing in Nigeria. This is coming on the heels…

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  • FHA-MD-Al-Amin

    ‘Lugbe, Kubwa FHA Estates Built For Low Income Earners’

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    The managing director of Federal Housing Authority(FHA), Prof Mohammed Al-Amin, has disclosed that federal housing estates in Lugbe and Kubwa were designed as social housing scheme for low income earners which was why it lacked adequate infrastructure. Speaking with newsmen in Abuja, he noted that the Authority’s estates were divided into two categories such as…

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  • Untitled-1

    FCT: Free Reign Of Illicit Drug Peddlers

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    There is increasing activities of illicit drug peddlers in the Federal Capital Territory despite the existence of task force against the activity. In this report, CHIKA OKEKE writes that the FCT risks having a good population of mentally deranged persons if  this persists. From Gwagwalada which is one of the gateways into the Abuja city…

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  • Our Financing’ll Create 30,000 Jobs In Nigeria – Shelter Afrique

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    The managing director of Shelter Afrique, Mr James Mugerwa has hinted that the organisation’s intervention would create about 30,000 jobs in Nigeria’s construction sector at the end of their credit line. Formed over 30 years ago by the African Development Bank and African member states, Shelter Afrique is a Pan-African Finance Institution exclusively supporting the…

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  • Minister-for-Information-and-Culture-Alhaji-Lai-Mohammed

    Minister Lauds Return Of Nigeria’s Artefacts By France

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    Minister of Information and Culture, Alhaji Lai Mohammed has called on foreign countries to adopt French Model by repatriating Nigeria’s artefacts illegally exported out of the country. Mohammed made the call yesterday in Abuja while receiving Two Nok Terracotta on a cargo from Togo to United States in transit to France that were intercepted during…

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  • Beggars-sweeping

    FCT: A Descent From Grace To Grass

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    The establishment of the Federal Capital Territory Abuja (FCTA) was based on the report of Justice Akintola Aguda Panel, set up to advice the federal government on the desirability of a new federal capital outside of Lagos. CHIKA OKEKE writes that unlike in the time past when the Federal Capital Territory, Abuja, FCTA was renowned…

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  • Bohemian Estate To Invest $250m In Real Estate Development

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    The management of Bohemian Estate Limited has revealed its intention to inject about $250 million into real estate development through subvention from Czech Export Bank with active collaboration of Federal Mortgage Bank of Nigeria (FMBN). The proposed collaboration would facilitate the construction and delivery of first phase of 10, 000 housing units in Gwagwalada using…

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