FG Launches Real Estate Investment Fund - The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment Fund, aimed at addressing Nigeria’s housing deficit by partnering with the pension and financial sectors to provide affordable housing. The initiative is a key part of the One Million Homes Presidential Initiative, designed to offer low-cost mortgage financing options...
Why Location Matters! When it comes to real estate investment, one mantra holds true: location is everything. The location of a property not only influences its current value but also its future potential. Whether you're buying your first home, investing in rental properties, or adding to your real estate portfolio, choosing the right location is crucial for long-term success. This article provides expert...
The Federal Government needs over N16 trillion to complete Road Projects – Umahi, projects inherited from previous administrations, according to Minister of Works, David Umahi. Speaking at a press briefing in Abuja, Umahi provided updates on the Ministry’s progress under President Bola Tinubu’s Renewed Hope Agenda. FG Requires Over N16 Trillion to Complete Inherited Road Projects –...
Funso Doherty Sues FG, a political activist and former Lagos State gubernatorial candidate, has taken legal action against the Federal Government, the Bureau of Public Procurement (BPP), and Hitech Construction over alleged irregularities in the awarding and commencement of the Lagos-Calabar Coastal Road project. In a statement dated August 30, 2024, shared on his official X (formerly Twitter) account,...
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The Federal Government of Nigeria, through the Ministry of Housing and Urban Development, has extended an eight-week grace period to individuals who subscribed to pay outright for houses under the National Housing Programme (NHP) but have not yet completed their payments. National Housing Programme: Provisional Allocation of First Batch of Houses The Ministry recently announced the commencement...
The Federal Ministry of Housing and Urban Development has entered into a groundbreaking partnership with Shelter Afrique Development Bank (ShafDB) to construct 5,000 housing units under the Renewed Hope Housing Programme. created by photogrid Federal Ministry of Housing Addressing Nigeria's Housing Deficit This significant development, announced via a statement on the Ministry’s website,...
The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced plans to utilize funds from the removal of fuel subsidies and profits from the windfall tax to finance housing projects aimed at benefiting those without income, low-income earners, the homeless, vulnerable, and underprivileged members of society. National Social Housing Fund Initiative During a recent courtesy visit by...
Property Investment in Abuja the capital city of Nigeria, is not just the political hub of the country but also a growing hotspot for property investment. With its well-planned infrastructure, serene environment, and increasing economic activities, Abuja presents a golden opportunity for investors looking to capitalize on the booming real estate market. Whether you're a seasoned investor or just stepping...
Why Legal Documentation is Essential in Nigerian Real Estate - Real estate in Nigeria is a lucrative and stable investment, but successfully navigating this market requires more than just spotting opportunities—it demands a thorough understanding of the legal framework governing property transactions. Legal documentation is crucial for safeguarding investments, ensuring transparency, and facilitating...