Tag: Housing

FG launches ₦10bn housing loan for civil servants

Aminu Imam
FG launches housing loan

The Federal Government has approved a ₦10 billion housing loan scheme aimed at improving access to home ownership for civil servants, the Head of the Civil Service of the Federation, Didi Walson-Jack, announced yesterday in Abuja. Speaking during a press briefing, Walson-Jack said the initiative would be implemented through the Federal Mortgage Bank of Nigeria and the Federal Government Staff Housing Loans Board. According to her, the scheme is designed to enhance stability and productivity within the civil service by enabling workers to own homes. “The Federal Government has approved…

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H’Reps makes move to limit rent hikes to 20% 

Aminu Imam
H'Reps on rent hikes

The 10th House of Representatives has asked the federal government to work with states to regulate house rent in the country. The parliament passed the resolution during plenary on Thursday, following the adoption of a Motion sponsored by Bassey Akiba, a lawmaker from Cross River state. Moving the Motion, Akiba said the challenging economic climate is affecting individuals, households, and businesses, especially those in rental accommodation.  The legislator said there is often a “sudden surge in rent” in areas after public infrastructure such as roads, markets, or other amenities are…

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Owners of unoccupied houses nationwide to pay triple ground rent – FG

Aminu Imam

The Federal Government says it will start charging owners of completed unoccupied houses triple ground rents instead of the single rate normally charged from three months after completion. Minister of Housing and Urban Development, Ahmed ?angiwa, said this in an interview with newsmen during site visits of housing projects constructed by the Government and its agencies yesterday, in Abuja. The Suleja (Dikko) Prototype, Public-Private Partnerships (PPP) Cooperative, Gwagwalada National Housing Programme and Guzape Federal Housing Authority (FHA) are also under the PPP arrangement. ?angiwa affirmed that the issue of completed…

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Qatar begins construction of 500,000 housing units for less-privileged in Kaduna

Aminu Imam

The Emirate of Qatar, an independent emirate on the west coast of the Persian Gulf, has commenced the construction of 500,000 housing units for less-privileged residents of Kaduna State. The Mega Economic City project was officially inaugurated by Qatars Ambassador to Nigeria, Ali Bin-Ghanem al-Hajri, on Wednesday, in Kaduna. Al-Hajri said the projects aim to improve the living conditions for underprivileged families in the State. The Ambassador commended the State governor, Uba Sani for his support for the successful launch of the project Qatar Sanabil Project. The official said,…

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