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Housing

National Housing Programme: Outright subscribers get an 8-week extension.

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...

Minister of Housing

Federal Ministry of Housing Partners with Shelter Afrique to Build 5,000 Homes

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,...

Real Estate

Dangiwa Unveils Social Housing Funding Plan

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...

Real Estate

Real Estate and Construction Defy Economic Turbulence, Contribute N11.2 Trillion to Nigerian GDP in Q1 2024

Real estate and construction sectors displayed remarkable resilience in the face of economic challenges, contributing a significant N11.2 trillion to Nigeria's economy in the first quarter (Q1) of 2024. This impressive figure has surprised many observers, given the sector's struggles with issues such as soaring inflation, a volatile exchange rate, high-interest rates, and a sharp rise in the cost of...

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