The May 2014 edition of
Financial Nigeria magazine will profile the who’s who in the Nigerian
real estate and housing finance market. This issue of the magazine is
the conference edition of the 5th Nigeria Development and Finance Forum
(NDFF), taking place on the 29th – 31st May, at The Westin New York
Grand Central Hotel, New York City, United States.
With a fast-growing economy and a rapidly urbanizing population, the Nigerian housing market has become the frontier of investment in Africa. The growth of the housing market is evident by the various financing structures now available; from mortgage, capital market, public funding, private developers and significant FDI. This is increasing effective demand, while also improving housing supply from both the public and private sectors.
“The investment potentials of the housing sector in Nigeria cannot be over emphasized,” said Managing Director/CEO of Federal Mortgage Bank of Nigeria (FMBN), Gimba Ya’u Kumo, when he recently spoke with Jide Akintunde, Director, Nigeria Development and Finance Forum, about the huge investment opportunities in the housing sector. In almost three years, the FMBN, whose corporate slogan is “everyone deserves a home,” has revamped the National Housing Fund (NHF) by ratcheting up contributions to the scheme and disbursing over one billion naira loans to over 7,000 beneficiaries. Suffice to say that this is a far cry from addressing the 16 million housing deficit in the country. However, it exemplifies the significant rise in investment commitments in the sector.
The Managing Director of FMBN also said: “One of the biggest investment opportunities is evident in the housing deficit in the country, which is currently in excess of 16 million units, with an estimated requirement of about 720,000 housing units to be constructed yearly to plug this deficit. More significantly, under the new National Policy on Housing, government has set a target of delivering 1 million housing units every year.” Analysts have surmised the Nigerian mortgage market is potentially bigger than the country’s current GDP.
The May 2014 edition of Financial Nigeria magazine will have the cover title: “Nigeria’s Real Estate and Housing Finance: Leading Operators, Growth Trend and Investment Opportunities.” Participants in this special feature include real estate development companies (public and private), housing product manufacturers & merchants, facilities Management Companies, primary Mortgage Institutions (PMIs), real estate investment funds, and real estate investment trusts (REITs). It will contain a brief company/institutional profile of the participating companies, the profile of the Chief Executive Officer (including high resolution picture), textual and pictorial profile of recently completed projects, opportunities for investment in on-going or new project(s) and initiative(s) of the company/institution.
Jide Akintunde said: “Forty leading Nigerian real estate developers and housing finance institutions will participate in the feature. The magazine will be provided to all participants at the NDFF 2014 conference in New York; with 500 copies each provided to the Trade and Investment units of the Nigerian Embassy in Washington DC and The Nigerian Consulate in New York, for distribution to prospective U.S. investors in Nigeria. The same edition will distribute extensively in Nigeria among the diplomatic community, senior policymakers and business leaders.”
This feature will set the stage for the NDFF 2014 conference session on the Nigerian Real Estate and Housing Finance, which will have presentations from leading players to international investors and Nigerians in the Diaspora. Also at this event, the Federal Mortgage Bank of Nigeria (FMBN) will launch the Nigeria Diaspora Mortgage Initiative, which was announced by FMBN at NDFF 2013 conference in June, in Washington DC. The Initiative is supported by the Nigerian Embassy in Washington DC and a host of Nigerian operators in the Real Estate and Housing Finance sector, who participated at the 2013 conference.
The theme of the 2014 conference is: “Entrenchment of Economic Growth in Nigeria: Opportunities for Asset Diversification, Investments in Housing, Textile & Fashion Industry, SMEs and Value Chains of Big Businesses.” NDFF 2014 will provide very important opportunity to attract foreign investments as we host over 250 delegates, including Wall Street bankers and investors, international policy and business leaders, and the media in continuation of our series theme which rightly projects Nigeria as “Africa’s Frontier Emerging Market of Importance.”
The conference is a three-day programme consisting of plenary sessions, special briefings, networking and exhibition. The conference will be concluded with The Marquee Nigerian Fashion Show and gala dinner. The following topics will be addressed at the conference:
Bukola Yusuph
Financial Nigeria International
Tel: +234 816 126 3994
Email: ybukola@financialnigeria.com
With a fast-growing economy and a rapidly urbanizing population, the Nigerian housing market has become the frontier of investment in Africa. The growth of the housing market is evident by the various financing structures now available; from mortgage, capital market, public funding, private developers and significant FDI. This is increasing effective demand, while also improving housing supply from both the public and private sectors.
“The investment potentials of the housing sector in Nigeria cannot be over emphasized,” said Managing Director/CEO of Federal Mortgage Bank of Nigeria (FMBN), Gimba Ya’u Kumo, when he recently spoke with Jide Akintunde, Director, Nigeria Development and Finance Forum, about the huge investment opportunities in the housing sector. In almost three years, the FMBN, whose corporate slogan is “everyone deserves a home,” has revamped the National Housing Fund (NHF) by ratcheting up contributions to the scheme and disbursing over one billion naira loans to over 7,000 beneficiaries. Suffice to say that this is a far cry from addressing the 16 million housing deficit in the country. However, it exemplifies the significant rise in investment commitments in the sector.
The Managing Director of FMBN also said: “One of the biggest investment opportunities is evident in the housing deficit in the country, which is currently in excess of 16 million units, with an estimated requirement of about 720,000 housing units to be constructed yearly to plug this deficit. More significantly, under the new National Policy on Housing, government has set a target of delivering 1 million housing units every year.” Analysts have surmised the Nigerian mortgage market is potentially bigger than the country’s current GDP.
The May 2014 edition of Financial Nigeria magazine will have the cover title: “Nigeria’s Real Estate and Housing Finance: Leading Operators, Growth Trend and Investment Opportunities.” Participants in this special feature include real estate development companies (public and private), housing product manufacturers & merchants, facilities Management Companies, primary Mortgage Institutions (PMIs), real estate investment funds, and real estate investment trusts (REITs). It will contain a brief company/institutional profile of the participating companies, the profile of the Chief Executive Officer (including high resolution picture), textual and pictorial profile of recently completed projects, opportunities for investment in on-going or new project(s) and initiative(s) of the company/institution.
Jide Akintunde said: “Forty leading Nigerian real estate developers and housing finance institutions will participate in the feature. The magazine will be provided to all participants at the NDFF 2014 conference in New York; with 500 copies each provided to the Trade and Investment units of the Nigerian Embassy in Washington DC and The Nigerian Consulate in New York, for distribution to prospective U.S. investors in Nigeria. The same edition will distribute extensively in Nigeria among the diplomatic community, senior policymakers and business leaders.”
This feature will set the stage for the NDFF 2014 conference session on the Nigerian Real Estate and Housing Finance, which will have presentations from leading players to international investors and Nigerians in the Diaspora. Also at this event, the Federal Mortgage Bank of Nigeria (FMBN) will launch the Nigeria Diaspora Mortgage Initiative, which was announced by FMBN at NDFF 2013 conference in June, in Washington DC. The Initiative is supported by the Nigerian Embassy in Washington DC and a host of Nigerian operators in the Real Estate and Housing Finance sector, who participated at the 2013 conference.
The theme of the 2014 conference is: “Entrenchment of Economic Growth in Nigeria: Opportunities for Asset Diversification, Investments in Housing, Textile & Fashion Industry, SMEs and Value Chains of Big Businesses.” NDFF 2014 will provide very important opportunity to attract foreign investments as we host over 250 delegates, including Wall Street bankers and investors, international policy and business leaders, and the media in continuation of our series theme which rightly projects Nigeria as “Africa’s Frontier Emerging Market of Importance.”
The conference is a three-day programme consisting of plenary sessions, special briefings, networking and exhibition. The conference will be concluded with The Marquee Nigerian Fashion Show and gala dinner. The following topics will be addressed at the conference:
- Nigeria’s Macroeconomic Performance and Country Competitiveness for Investment
- Making Government Work: Governance Reforms Driving Investment and Sustainable Development in Nigeria
- Nigeria’s Investment Climate: Monetary Policy, Microeconomic Risk Analysis and Financial Market Performances
- Nigerian Power Sector Reforms and Investing in Value-Chains of the Industrial Sectors of Nigeria
- Nigerian Real Estate Development and Housing Finance & Launch of Nigeria Diaspora Mortgage
- Revival of Nigerian Textile Industry, and Opportunities for Investments in the SME Sector.
Bukola Yusuph
Financial Nigeria International
Tel: +234 816 126 3994
Email: ybukola@financialnigeria.com
By Martins Hile
Comments
Post a Comment