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	<title>Housing Archives - Daily Dates Nigeria</title>
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	<title>Housing Archives - Daily Dates Nigeria</title>
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		<title>Nigeria&#8217;s Mortgage System Isn&#8217;t Working for Those Who Need It Most &#8211; Fanda</title>
		<link>https://dailydatesng.com/2026/07/12/nigerias-mortgage-system-isnt-working-for-those-who-need-it-most-fanda/</link>
		
		<dc:creator><![CDATA[DailyDatesNG]]></dc:creator>
		<pubDate>Sun, 12 Jul 2026 21:21:01 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Fanda Zichat]]></category>
		<category><![CDATA[Footstool]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Mortgage]]></category>
		<guid isPermaLink="false">https://dailydatesng.com/?p=9392</guid>

					<description><![CDATA[<p>The Managing Director and Chief Executive Officer of Footstool Estates Limited, Mr. Fanda Zichat Augustine, has called for stronger collaboration between government and private sector developers to address Nigeria&#8217;s housing deficit, saying affordable housing can only become a reality through deliberate policy reforms, improved access to land and sustainable financing. Augustine, who spoke during a [&#8230;]</p>
<p>The post <a href="https://dailydatesng.com/2026/07/12/nigerias-mortgage-system-isnt-working-for-those-who-need-it-most-fanda/">Nigeria&#8217;s Mortgage System Isn&#8217;t Working for Those Who Need It Most &#8211; Fanda</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Managing Director and Chief Executive Officer of Footstool Estates Limited, Mr. Fanda Zichat Augustine, has called for stronger collaboration between government and private sector developers to address Nigeria&#8217;s housing deficit, saying affordable housing can only become a reality through deliberate policy reforms, improved access to land and sustainable financing.</strong></p>
<p><img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-9393" src="https://dailydatesng.com/wp-content/uploads/2026/07/IMG-20230902-WA0003-300x200-1.jpg" alt="" width="300" height="200" /></p>
<p>Augustine, who spoke during a television interview on the state of housing in Nigeria, argued that affordable housing should not be misconstrued as the construction of cheap buildings but rather the provision of decent, quality homes that are accessible to ordinary Nigerians.</p>
<p><img decoding="async" class="aligncenter size-medium wp-image-9394" src="https://dailydatesng.com/wp-content/uploads/2026/07/unnamed-225x300.webp" alt="" width="225" height="300" srcset="https://dailydatesng.com/wp-content/uploads/2026/07/unnamed-225x300.webp 225w, https://dailydatesng.com/wp-content/uploads/2026/07/unnamed-768x1024.webp 768w, https://dailydatesng.com/wp-content/uploads/2026/07/unnamed-696x928.webp 696w, https://dailydatesng.com/wp-content/uploads/2026/07/unnamed.webp 784w" sizes="(max-width: 225px) 100vw, 225px" /></p>
<p>&#8220;Housing is one of the basic needs of man. After food and clothing, everyone deserves a decent place to live. Affordable housing is not about building cheap houses; it is about ensuring that every Nigerian has access to comfortable and sustainable shelter,&#8221; he said.</p>
<p>He identified limited access to land, rising construction costs, inconsistent government policies and weak trust within the real estate sector as some of the major factors responsible for the country&#8217;s growing housing deficit.</p>
<p>According to him, land remains the foundation of every housing project, making transparent and efficient land administration critical to reducing the cost of housing.</p>
<p>&#8220;We don&#8217;t build houses in the sky. The first challenge is access to land. Government policies determine how easily developers can acquire land and how affordable building materials become. If these issues are addressed, the cost of housing will naturally reduce,&#8221; Augustine stated.</p>
<p>The real estate expert also urged governments to simplify land allocation processes, stressing that Nigerians who meet the necessary requirements should not have to wait years before obtaining land titles.</p>
<p>He noted that private developers incur substantial costs beyond land acquisition, including compensation to host communities, provision of roads, electricity, drainage systems and other infrastructure needed to make estates habitable.</p>
<p>&#8220;Developers are almost like local governments because we provide roads, electricity, transformers and other infrastructure before people can comfortably live in these estates,&#8221; he said.</p>
<p>Augustine maintained that government should focus on providing enabling infrastructure and creating policies that encourage credible developers to invest in mass housing, while developers should embrace innovation and place greater emphasis on social impact rather than excessive profit margins.</p>
<p>He also advocated reforms to Nigeria&#8217;s mortgage financing system, describing existing requirements as unrealistic for many civil servants and low-income earners.</p>
<p>&#8220;Civil servants are expected to make equity contributions of about 25 per cent before accessing mortgage facilities. Where will the average worker raise such money? The system should be restructured to make home ownership easier, with lower equity contributions and better financing arrangements,&#8221; he said.</p>
<p>The developer further recommended tax incentives for private firms that invest in affordable housing projects, arguing that such measures would encourage more developers to build homes targeted at low- and middle-income families.</p>
<p>Drawing lessons from countries such as Singapore, Augustine said Nigeria must adopt long-term urban planning strategies that integrate housing with schools, hospitals, markets, transportation networks and other public facilities to create functional communities rather than isolated housing estates.</p>
<p>He lamented that many neighbouring states surrounding the Federal Capital Territory had failed to maximise their proximity to Abuja through coordinated urban development and mass housing initiatives.</p>
<p>According to him, proper town planning, equitable infrastructure distribution and strategic collaboration between governments and developers would not only reduce pressure on major cities but also make decent housing more accessible to millions of Nigerians.</p>
<p>He added that expanding access to affordable housing and basic infrastructure could also contribute to reducing social inequality and improving national security by enhancing citizens&#8217; quality of life.</p>
<p>He called on policymakers, financial institutions and private developers to work together to implement practical solutions capable of narrowing Nigeria&#8217;s housing deficit and making home ownership achievable for more Nigerians.</p>
<p>The post <a href="https://dailydatesng.com/2026/07/12/nigerias-mortgage-system-isnt-working-for-those-who-need-it-most-fanda/">Nigeria&#8217;s Mortgage System Isn&#8217;t Working for Those Who Need It Most &#8211; Fanda</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">9392</post-id>	</item>
		<item>
		<title>Footstool Estates Launches &#8216;Omnia Prime&#8217; in Abuja’s Centenary City</title>
		<link>https://dailydatesng.com/2026/03/14/footstool-estates-launches-omnia-prime-in-abujas-centenary-city/</link>
		
		<dc:creator><![CDATA[DailyDatesNG]]></dc:creator>
		<pubDate>Sat, 14 Mar 2026 11:48:16 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Abuja]]></category>
		<category><![CDATA[FCTA]]></category>
		<category><![CDATA[Footstool Estates]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Properties]]></category>
		<category><![CDATA[Real Estate]]></category>
		<guid isPermaLink="false">https://dailydatesng.com/?p=9182</guid>

					<description><![CDATA[<p>A new premium real estate development, Omnia Prime, has been unveiled along the Airport Road corridor in Abuja, offering prospective homeowners and investors an opportunity to acquire property at early launch prices in one of the Federal Capital Territory’s fastest-growing districts. Developed by Footstool Estates Limited, Omnia Prime is located within the rapidly expanding Centenary [&#8230;]</p>
<p>The post <a href="https://dailydatesng.com/2026/03/14/footstool-estates-launches-omnia-prime-in-abujas-centenary-city/">Footstool Estates Launches &#8216;Omnia Prime&#8217; in Abuja’s Centenary City</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A new premium real estate development, <a href="https://www.instagram.com/omniaprime_?igsh=em5uOGV5NXVqcWxq"><em><strong>Omnia Prime</strong></em></a>, has been unveiled along the Airport Road corridor in Abuja, offering prospective homeowners and investors an opportunity to acquire property at early launch prices in one of the Federal Capital Territory’s fastest-growing districts.</p>
<p><img decoding="async" class="aligncenter  wp-image-9183" src="https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-240x300.jpg" alt="" width="240" height="300" srcset="https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-240x300.jpg 240w, https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-819x1024.jpg 819w, https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-768x960.jpg 768w, https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-696x870.jpg 696w, https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1-1068x1335.jpg 1068w, https://dailydatesng.com/wp-content/uploads/2026/03/817f5435190f48cda34f7a6bb914a7e1.jpg 1080w" sizes="(max-width: 240px) 100vw, 240px" /></p>
<p>Developed by Footstool Estates Limited, Omnia Prime is located within the rapidly expanding Centenary City, a master-planned district positioned to become a major residential and commercial hub in the nation’s capital.</p>
<p>The project is being promoted as a premium real estate opportunity for individuals seeking to buy land in Abuja, build modern homes, or invest in property with strong potential for rental income and long-term capital appreciation.</p>
<p>According to the developers, Omnia Prime offers FCTA-approved plots, giving buyers the confidence of government-recognized documentation while securing property in a strategic location along the busy Airport Road corridor.</p>
<p>Designed with modern living in mind, the development will accommodate a range of housing options including terrace homes, apartments, and fully detached duplexes. The estate is currently available at pre-site, off-plan launch prices, allowing early buyers to secure property before market values adjust to the area’s growing demand.</p>
<p>Real estate analysts note that the Airport Road and Centenary City axis has become one of the most attractive investment corridors in Abuja due to increasing infrastructure development, improved accessibility, and rising residential demand.</p>
<p>With its prime location and government-approved status, Omnia Prime is positioned to appeal to forward-thinking buyers looking to enter Abuja’s property market early.</p>
<p>Industry observers say developments in emerging districts like Centenary City often witness rapid value growth once infrastructure and residential construction accelerate.</p>
<p>For Footstool Estates Limited, the launch of Omnia Prime represents another step in expanding access to planned residential communities that combine strategic location, modern housing options, and investment potential in Nigeria’s capital city.</p>
<p>The developers say early buyers stand to benefit the most, noting that once the current launch phase closes and development progresses, property prices within the estate are expected to increase significantly.</p>
<p>The post <a href="https://dailydatesng.com/2026/03/14/footstool-estates-launches-omnia-prime-in-abujas-centenary-city/">Footstool Estates Launches &#8216;Omnia Prime&#8217; in Abuja’s Centenary City</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">9182</post-id>	</item>
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