Stakeholders seek stand-alone housing ministry

Housing stakeholders are mounting pressure on President Muhammadu Buhari to split Ministry of Power, Works and Housing, as he begins second term tenure in office and make housing a full fledged ministry with a minister for sustainable growth. Dayo Ayeyemi reports

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Why intervention funds don’t work – Mustapha Chike-Obi

A former Managing Director of Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, has said the intervention funds meant to boost access to finance isn’t as efficient as reducing interest rates. Chike-Obi, who’s the current Executive Vice Chairman of Alpha African Advisory, made the remark at the monthly capacity building forum of the Finance Correspondents Association of Nigeria (FICAN), in Lagos on Monday.

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JSE-LISTED PROPERTY GROUP FUNDS “TREES FOR HOMES” PROGRAMME

Fortress REIT Limited, the JSE-listed property group, has funded a year-long “Trees for Homes” programme run by Food & Trees for Africa (FTFA) in Sebokeng, a township in southern Gauteng. This forms part of a broader food security, environmental sustainability and greening programme aimed at benefiting communities living in close proximity to some of its flagship properties.

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Group holds built expo

Stakeholders in the built industry will gather in Lagos for 4th edition of international construction, building materials technologies expo organized by Elan expo group, from June 27-29 at Landmark Centre, with the theme ‘Embracing a collaborative approach through technology to adopt digital distruption.

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What economy needs now, by FSDH

The nation’s economy is presently in need of fiscal direction, removal of fuel subsidy and transparent channeling of the proceeds to infrastructure and social investments, as well as competitive pricing of electricity tariff to drive investment and boost economic growth.

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Real estate firm Suraya secures Sh1.6bn to complete projects

-Suraya Property Group says the money is from four local banks and will be used on stalled mega projects.
-The property developer said it is banking on the fresh capital boost to avert further delays of its remaining projects.
-The firm had its operations adversely affected by the interest rate capping, prolonged political crisis in 2017 and macroeconomic factors that have eroded the purchasing powers of home buyers.

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