Nigeria - Mass Housing JV with Federal Government of Nigeria
About this project
The Federal Government of Nigeria through the Ministry of Power, Works and Housing is seeking private international investors to develop affordable initiative through a new JV The JV is with Federal Housing Authority (FHA). The Nigeria government will provide: Land Off takers for the mass houses Local content as required Federal Mortgage bank (FMB) to process loans Enabling environment Government provides land and ensures all necessary regulatory bottlenecks are eased. Government pre-qualifies designs based on pre-determined parameters and research already carried out. Government guarantees some level of offtake through enrolment of her employees who need housing. Developers organizes the technical aspect of project execution and delivery of the homes. Developer organizes the short/long-term financing of the projects. Government through her Financing agencies offers limited mortgages to some of the prospective purchasers. Investors will be provided incentives and full investment protection by the Federal Government of Nigeria. Please note that the project value indicated below is far less than required investment. On the other hand, an investor who is willing to commit less than the amount indicated is welcome.