Housing

Governor Fashola Launches Affordable Mortgage Home Scheme in Lagos

Lagos State Governor, Babatunde Fashola, has inaugurated the Lagos Home Ownership Mortgage Scheme (HOMS), which is aimed at providing affordable housing for residents in the state. During the ceremony on February 3rd, the governor stated that the home scheme is

Lagos to Launch Electronic-based Land Survey Verification Scheme

The Lagos State Government has announced plans to make procurement of property documents more efficient and eliminate fraudulent activities in the housing sector through the introduction of a computer-based land survey verification system. Acting Surveyor-General of the state, Joseph Agbenla,

Lagos Ranks in Top 10 Mega City Migration Destinations

Lagos has been ranked among the top 10 choice destinations for rural-urban migration in the world. According to data collected from social networking site, Facebook, which was published in the United Kingdom’s Daily Mail, Nigeria’s commercial capital, Lagos, is one

AfDB Approves $20 Mn Credit to Support Real Estate SMEs

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, December 11 a US $20 million Trade Finance Line of Credit for the Company for Habitat and Housing in Africa/Shelter Afrique (SHAF) to boost the availability

Lafarge, AFD and LAPO Launch N1.3Bn Affordable Housing Project in Nigeria

Lafarge Nigeria, the AFD (French Development Agency) and LAPO Microfinance Bank have announced their partnership for N1 billion affordable housing scheme in Nigeria. The scheme, named, “Ile Irorun”, the Yoruba phrase for “Convenient Home” targets the poor and middle class,

Intercontinental Hotel unveiled in Lagos

Intercontinental Hotel was unveiled in Lagos, at the weekend by Governor Fashola. The N30 billion hotel, is a 23-storey building containing 358 rooms and 37 suites and a Presidential suite. It is the tallest hotel in West Africa, and is

World Bank Funds Mortgages in Nigeria with $300 Million

The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and

Transcorp Hilton Hotel Comes To Lagos

Transcorp Hilton Hotel, popular in Abuja and managed by Hilton Group and Transcorp Plc. has announced it will open an hotel, in Lagos. At a management contract between Transcorp Plc and Hilton Group in Lagos, the organizations, it was disclosed

There are 4.75 million Houses in Lagos, Government Says

Lagos, a heavily populated city, and the commercial capital of Nigeria, is said to have 4.75 million houses, according to Bosun Jeje, the Lagos Commissioner for Housing. He said at an event, “Bridging the 16 million National Housing Deficits: the

In Agrarian Ijora, Lagos to Build 1008 Housing Units

The Lagos State Government has revealed plans to build 1008 housing units in Ijora – an agrarian community in Lagos, populated by low income earners and certain middle class folks. The plan, made known by the Governor, Babatunde Fashola, will

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