Rullion's Blog

FRESH building blocks were again laid unto the housing sector last week, when the Pan African Housing Finance Institution, Shelter Afrique made a pledge and commitment to the Federal Government to support 10,000 unit housing programme under the Nigerian Mortgage Refinance Company (NMRC). In the sideline of the 33rd Annual General Meeting of Shelter Afrique in Abidjan, Ivory Coast, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, accompanied by the President, the Real Estate Developers Association of Nigeria (REDAN), Chief Emmanuel Olabode held discussion with senior officials of the bank, where the outgoing Managing Director of Shelter Afrique, Mr. Alassane Ba confirmed the institution’s commitment to the programme.

The Lagos State Mortgage Board on Tuesday began allocation of homes to 30 indigenes that emerged winners from a raffle draw for the state housing estates. Governor Babatunde Fashola of Lagos State said at the presentation that allocation of the homes to first set of beneficiaries had confirmed the state government’s commitment to the mortgage scheme. The News Agency of Nigeria reports that some of the homes were in Shitta, Ikorodu, Epe, Age and Lekki Housing Estates. The governor said the scheme was the state government’s answer to the limited access to housing and one of the strategies to improve living standards. “With this scheme, we are moving our people from desperation for housing to an orderly and predictable living. And, that is our dream and I have always believed that when people can dream things, their hands can do it. “Our journey really begins today; Lagosians should begin to put their steps in that ladder, the ladder to prosperity that we have d...