The Ministry of Finance on Tuesday unveiled plans for a market-driven mortgage fund aimed at expanding access to affordable homeownership in Nigeria. Spearheaded by the Minister of Finance, Mr. Wale Edun, the initiative is part of the One Million Homes Presidential Initiative. The fund, known as the Ministry of Finance Incorporated Real Estate Investment Fund, is designed to...
The Nigeria Mortgage Refinance Company has restated its commitment to providing interim housing data to aid decision-making, aimed at addressing the country’s housing deficit. The Chief Executive Officer of NMRC, Kehinde Ogundimu, stated this during the inauguration of a new joint steering committee on housing data in Abuja recently. To ensure the continuity of data provision,...
Why bother with “mindset?” Simple. Because the cost of NOT adjusting your mindset is outrageously expensive (in opportunity loss)! If your mind isn't conditioned to think like a wealth-building investor, you are like a sailor paddling around in a boat with holes in it. If you bail water quickly enough, you'll keep it afloat, but you will eventually tire…and sink! ALL...
The Federal Mortgage Bank of Nigeria (FMBN) has disclosed that it has so far disbursed over N440 billion in various housing schemes and has refunded over N84 billion to persons exiting the National Housing Fund (NHF). Speaking in Abuja on the occasion of the FMBN Day at the 18th Africa International Housing Show , Managing Director and Chief Executive of the bank, Mr Shehu Osidi,...
Real estate and construction demonstrated uncommon resilience, sidestepping the challenges in the economy and contributing N11.2 trillion to the Nigerian economy in the first quarter (Q1) of 2024. According to close watchers, this contribution is surprising given that the sector was hit hard by a combination of factors including galloping inflation, volatile exchange rate, high...
Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation's ability to reduce mistakes. The cost or repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words..."Mistakes Kill the Profit Margin!!!!!" Classic business philosophy teaches that a great part of survival and...
You are in the process of trying to sell your house and have your marketing up and running. So, how do you convert callers into offers? Here is one method. Once you have decided to sell a home, there are a couple of steps you have to take. The first is to get the home ready for marketing by doing repairs, landscaping and so on. Once you are ready to go, you have to start marketing the...
What's the difference between Rental and investment property? If you're thinking about investing in real estate to make money, you need to first determine your financial goals. Do you need to make money quickly, invest for your children's university fund, or build wealth for your retirement? If you're thinking about investing in real estate to make money, you need to first determine...