July 9, 2007

BRT: Panacea to chaotic Lagos traffic? - Vanguard- DrainageNews

Noting that Ikorodu road used to be an expressway carriageway, the LAMATA official declared that with the segregation of lanes on that road, the road has now become an urban road hence motorists should maintain low speed limits. Against this background, chieftains of the mortgage industry under the aegis of the Mortgage Banking Association of Nigeria (MBAN), met recently in Lagos to seek ways of uplifting the sector. The relationship between housing prices and household incomes makes the provision of housing by outright payment very challenging, thus creating a financing gap, who may be able to pay for the same unit of housing if the payments are spread over a period of time. Aikhorin who stated that housing is paramount in the hierarchy of manâs needs, charged government and housing stakeholders at all levels to pay more attention to the provision of decent and affordable shelter. The Union Homes boss who spoke on Origination and Structure of Mortgage Loans attributed commercial banks new found love for real estate development after the recapitalization exercise to their (banks) recognition that housing provision must be given priority attention. However, the mortgage industry in Nigeria continues to undergo reforms especially in the last four years as an integral part of the governmentâs comprehensive economic programme, part of which relates to urban development and housing aimed at ensuring that majority of Nigerians have access to decent and affordable housing. read me

[Tags]mortgage, housing, road, lamata, scheme, agency, drainagenews[/Tags]

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