HOUSING SECTOR Archives

FMBN SET TO REVAMP HOUSING DEMAND FOR NIGERIAN

Posted on February 12, 2024 by Gambeta News

The Federal Mortgage Bank of Nigeria has expressed its readiness to revamp and transform its operational activities to meet the housing demands of Nigerians. The Managing Director of the Bank, Madu Hamman, gave the commitment at its 2024 Management Retreat held on Friday in Niger State. The retreat was themed “Transformational Innovation for Sustainable Development in Uncertain Times.” He said the transformation was to rapidly reform and innovate towards meeting Nigeria’s housing shortfall through the…

CONCERN AS OVER 300,000 HOUSEHOLDS WITH ELECTRICITY IN NAMIBIA

Posted on November 24, 2022 by Gambeta News

Half of Namibia still has no access to electricity, with over 300 000 households, particularly in rural areas, unelectrified. This was revealed by the executive director of the mines and energy ministry, Simeon Negumbo, who said electricity provision remains a challenge as the country’s overall electrification rate is estimated to be about 50%. An estimated 70-80% of rural households do not have access to electricity while figures in urban localities are much better, as around…

GHANA HOUSING SECTOR FACE TWO MILLION DEFICITS

Posted on April 18, 2019April 18, 2019 by Gambeta News

Ministry of Housing and Work inaugurate committee to tackle housing sector deficit in Ghana. Minister for Work and Housing, Samuel Atta Akyea has revealed that Ghana housing sector is facing two million deficits. By this analysis, the government will now need to build 190,000 to 200,000 units of houses each year. This houses will be build for the next 10 years before they can bridge the deficit gap. Samuel Atta Akyea said “Unfortunately, this is a sorry situation…

US$ 25BN SET ASIDE BY KENYA GOVERNMENT FOR HOUSING PROJECT

Posted on January 17, 2018 by Gambeta News

Kenya government partners with 35 private firms to construction one million houses by 2023 to increase its housing unit by reducing corporate tax. The fund that is been set aside by the government is for the construction of one million houses before 2023 after securing a partnership with 35 private firms. The project is expected to help the housing sector affordable in the nation according to President Uhuru Kenyatta’s big four action plans which is set to…

NIGERIA HOUSING CRISIS MAY WORSEN AFTER CONFLICTING FIGURES

Posted on October 24, 2017 by Gambeta News

Nigeria unable to meet targets set for housing sector after conflicting figures. According to UN report, Nigeria is expected to overtake the United States to become the third most populous country in the world by 2050 because the cities in the country is becoming a new home to rural migrants every day. The revised National Housing Policy shows that the cumulative effect of the inability to meet the targets set for the housing provision over the years is…

LAGOS STATE SET TO PROVIDE 20,000 HOUSING UNIT BY 2018

Posted on October 16, 2017 by Gambeta News

Housing sector set to have 20,000 housing unit by the lagos state government in 2018. The lagos state Government has announced plans to unveil its plans to have up to 20,000 housing unit by 2018 which is expected to boost the state housing sector. The state government is expected to continue the public-private partnership to provide decent and affordable housing for all. They are opened to new ideas, technology and methods which will provide an enabling…