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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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.
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.
For low income earners who have the lofty dream of owning their own homes without having to break banks, a new residential destination is beckoning. That destination is the New Badagry Homes being developed by Pertinence Limited, a relatively young but dynamic real estate development firm.
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.
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.
-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.
One of the brilliant ideas that real estate product suppliers always flaunt as bait to product buyers is the partnership that exists between them and mortgage lenders who, according to them, are there ready and able to give mortgage facility to the buyers.
In a bid to recover a debt of N32, 031,255,380.44 owed four commercial banks, Asset Management Corporation of Nigeria (AMCON) has dragged a Lagos businessman Samuel Olufunmilayo Adenmosun, his wife, Toluleke Adenmosun and seven other limited liability companies before a Federal High Court in Lagos South West Nigeria.
Appolonia City Chief Executive Officer (CEO) Bright Owusu-Amofah has been adjudged the Outstanding Property and Real Estate Developer of the Year at the just ended 9th Ghana Entrepreneur & Corporate Executive Awards 2019.