Would you like to receive notifications on latest updates of the following headlines?

Aridan Homes Advocates  Mortgage Financing Than Shark Loans

POSTED ON April 8, 2024 •   Business      BY Abiodun Saheed Omodara
Aridan Homes Logo l Credit: Aridan l Source:Facebook

The Manager of Aridan Homes and Properties, Mrs Gift Akande, has urged Nigerians to explore mortgage financing to have the house of their dream and bridge the housing deficit.
Akande stated that seeking a mortgage is a better option than taking out shark loans, which can cause undue stress. 

She stated this while fielding questions from journalists after an inspection of one of Aridan Homes’ estates, Emerson Parks and Garden, Lala, along the Abeokuta-Sango-Ota Expressway, Ogun State.


Akande said that as essential as having a shelter could be, it can take a bit of resources and that is why people should go with mortgage financing rather than shark loans that will put them under undue pressure.

“We are also in Abeokuta, Ogun State capital, to assist people with their housing needs, That is why we have structured our payment plans to be so affordable for everyone.


“The truth is that the government cannot do it alone; this is the reason Aridan Homes is out there doing its bit to help bridge the housing deficit and provide quality and affordable housing for Nigerians.

“Many Nigerians want to own a house of their own but their earning capacity is a major problem.”

She remarked that the government needed to improve the minimum wage for the workers, this would help them have more funds to commit to pursuing the housing needs of their choice.
“The mortgage facility should also be recapitalised and strengthened so that people can subscribe to and pay for their property for about 20 to 25 years,” she asserted.

Meanwhile, the Chief Executive Officer of Entrecom Homes and Properties, Sola Ojikutu, highlighted poor remuneration as one major reason hindering many Nigerians from being homeowners.

Ojikutu said it was about time the government increased the minimum wage for the workers because many of them are faced with the challenge of poor salaries, leaving them with little or nothing that they could spend towards embarking on their housing project.

He noted, “Many Nigerian workers are poorly remunerated and this limits what they are left with as disposable income to invest in getting the house of their dreams.”

READ ALSO
FG unveils plans to recapitalize BOA for enhance food security
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria - The federal government has revealed plans to recapitalize the Bank of Agriculture (...

READ ALSO
Public Outcry: Rep urges delay on telecom tariff hikes amid economic strain
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria - The House of Representatives has urged Dr. Bosun Tijani, the Minister of Communicat...

READ ALSO
Nigerians react to MTN's data price increases
BY Abiodun Saheed Omodara February 12, 2025 0

In a decision that has incited considerable indignation among users on 'X' (formerly Twitter), MTN N...

READ ALSO
CBN adjusts ATM transaction fees amid rising operational costs
BY Abiodun Saheed Omodara February 12, 2025 0

The Central Bank of Nigeria (CBN) has revealed a significant adjustment to its Automated Teller Mach...

READ ALSO
NCS suspends 4% FOB levy on imports
BY Abiodun Saheed Omodara February 11, 2025 0

The Nigeria Customs Service (NCS) has announced the temporary halt of the contentious 4% Free-on-Boa...

READ ALSO
Domestic refiners challenge crude producers over lack of allocations
BY Abiodun Saheed Omodara February 10, 2025 0

Access to crude oil for domestic refiners, including modular refineries, has remained nearly nonexis...

READ ALSO
NECA raises alarm over 4% customs administration charge
BY Abiodun Saheed Omodara February 10, 2025 0

The Nigeria Employers’ Consultative Association (NECA) has expressed its worries regarding the...

READ ALSO
IFC commits $50m to transform LFZ into Industrial Hub
BY Abiodun Saheed Omodara February 8, 2025 0

LAGOS, Nigeria - The International Finance Corporation (IFC) has declared a $50 million equity inves...

OUR CHANNELS:

NCS transfers 1,599 firearms to NSA
BY Abiodun Saheed Omodara February 15, 2025 0

LAGOS, Nigeria - The Nigeria Customs Service (NCS) has officially transferred 1,599 different types...


2027 Elections: Labour Party reaffirms commitment with Obi's candidacy
BY Abiodun Saheed Omodara February 14, 2025 0

In anticipation of the 2027 general elections, the Labour Party (LP) National Publicity Secretary, A...


Copa del Rey Draw: Real Madrid avoids Barcelona in semifinals
BY Abiodun Saheed Omodara February 14, 2025 0

The eagerly awaited draw for the Copa del Rey semifinals has been officially revealed, with Real Mad...


Tinubu highlight mainstream AI to expand digital infrastructure
BY Abiodun Saheed Omodara February 14, 2025 0

ABUJA, Nigeria - President Bola Tinubu has detailed his administration's plans to integrate modern a...


Ogun speaker highlights Dangote's support for Nigeria's growth
BY Abiodun Saheed Omodara February 14, 2025 0

OGUN, Nigeria - The Speaker of the Ogun House of Assembly, Oludaisi Elemide, praised Aliko Dangote,...


Mohbad, Odumodu Blvck leads nominations as Headies announces 17th edition line-up
BY Abiodun Saheed Omodara February 14, 2025 0

The Headies awards, Nigeria's premier music awards, announced its nominees on Wednesday for the upco...


FG unveils plans to recapitalize BOA for enhance food security
BY Abiodun Saheed Omodara February 13, 2025 0

ABUJA, Nigeria - The federal government has revealed plans to recapitalize the Bank of Agriculture (...


Drug Abuse: NDLEA urges community collaboration to protect youth
BY Abiodun Saheed Omodara February 14, 2025 0

ONDO, Nigeria - The National Drug Law Enforcement Agency (NDLEA) reports that approximately 14 milli...


Grassroots Rugby: NRFF appoints coaches, to Promote Girls' involvement
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria (NAN)- The President of the Nigeria Rugby Football Federation (NRFF), Ademola Are, ha...


NDLEA calls for action against drug-related misinformation
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA,Nigeria (NAN)- The National Drug Law Enforcement Agency (NDLEA) called on the Federal Governme...


More Articles

Load more...

Menu