http://www.ngrguardiannews.com/2015/05/uk-firm-to-host-property-exhibition/
THE British Deputy High Commissioner, Martin Uden and the Chief Executive Officer (CEO) of Ecotrends Limited, Efe Utomudo, last week hosted a networking reception and launch of the Home and Property Expo at the British envoy’s residence in Ikoyi, Lagos. Read more…
Source: http://www.naij.com/434378-home-property-expo-ecotrends-host-stakeholders.html
The chief executive officer of Ecotrends Limited, Efe Utomudo, recently told an audience in Lagos that Nigeria needs 700,000 houses annually to meet the housing needs of Nigerians.
Efe Utomudo – CEO Ecotrends Ltd, Martin Uden – British Deputy High Commissioner
Efe Utomudo – CEO Ecotrends Ltd
The British Deputy High Commissioner Martin Uden and the CEO of Ecotrends Limited Efe Utomudo hosted a networking reception and launch of the Home and Property Expo which took place at the British Residence in Ikoyi, Lagos. Read more…
CHALLENGES of housing in terms of quality and quantity appear to be the same all over the world, but in Nigeria, it is a complex case. A professor of political economy, Wale Babawale, recently posited that the primacy of the housing question had spurred the United Nations to promote the programme of housing for all by the year 2000. Babawale, in a paper, stated that good quality housing, as a basic need, is lacking for a sizeable number of Nigerians. Read more…
* Fund will aim to spur a secondary market for mortgages
* Nigeria faces 17 million housing shortage
* Mortgage lending just 0.5 percent of GDP
ABUJA, Jan 22 (Reuters) – Nigeria has put $300 million worth of World Bank aid money into a mortgage-backed guarantee that it hopes will boost lending via the creation of a secondary market, the finance ministry said on Wednesday. Read more…
Challenges of housing in terms of quality and quantity appear to be the same all over the world, but in Nigeria, it is a complex case. A professor of political economy, Wale Babawale, recently posited that the primacy of the housing question had spurred the United Nations to promote the programme of housing for all by the year 2000. Babawale, in a paper, stated that good quality housing, as a basic need, is lacking for a sizeable number of Nigerians. Read more…
The World Bank has estimated that the cost of bridging Nigeria’s 17 million housing deficit is N59.5 trillion, underlining the vast and untapped investment potential of the country’s real estate sector.
This, is however, not too far from the estimation of the Federal Mortgage Bank of Nigeria which had put it at about N56 trillion to be able to adequately meet the housing needs of Nigerians. Read more…
On Jan. 16, Nigerian President Goodluck Ebele Jonathan launched the Nigeria Mortgage Finance Company (NMRC), signaling the beginning of a process that would finally increase opportunities for Nigerians to own homes at an affordable price. The process will also involve the reinvigoration of mass housing initiatives which will, along with the NMRC, give the housing sector the necessary stimulus to start realizing its great potential for the good of the country. Read more…
Property developers in Nigeria are encouraged to cater for more than just the high-end of the market. Photography: Tim Graham / Alamy/ Alamy
Improving access to mortgages will not only make more houses available but will also create hundreds of thousands of new jobs
Nigeria’s housing market is failing its people. Supply is far behind demand, with only 100,000 new houses being built annually compared with a need for over 700,000 and an accumulated deficit of some 17 million units. This is a worsening problem given Nigeria’s fast expanding and rapidly urbanising population. Read more…
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