All is well wen all ended well. Nigerian renting apartment since 1960.

66402 what were they doing initially before its over shot its quota

CoolHunk: BRB. Gotta watch Chelsea get beat.

Sorry for the dissapointment.

Peter Obi seems to be advising GEJ very well. Everything will start working in the last few days of this admin in order to prepare for 2015.


I wont be surprised is FG gives away free cars to all Nigerians just one month to the election.....

Good and nice development, glad to see dis happenin in this country...believe it will be treated wit all fairness

eemalex: Space Booked till after EPL

<slap him with both hand>

gbaskiboy:

dammyjay93: Hmmm

constance500: Is typing....

EPL guys. Hope to see these posts edited after the match.

bencham: Sorry for the dissapointment.

That Costa boy.

Thank God, @ last

Hemanwel: This is a welcome development.

On the flip side:
I had a game of Scrabble with my friend last night and he placed a stake on the game with his girlfriend who came visiting.He said if I came out victorious in the game,I should have his girl for myself for 24 hrs.I thought he was joking.In the end,I won the game.
In a bid to keep to his words,he had left the girl with me since yesternight.
Guess what happened,nairalanders??....

how many rounds u do?ope u burn her bush well?

Now back to reality.howmany of the so called applicants would be abke to affird the daid mortgage.Loads of things comes into play.if you are above 45 years of age would it be a good thi g to apply?
If you earn less than 100k is it wise to apply?
Have you stopped to think if its 100% mortgage or the sum of initial deposit?

Have They Built the houses?

kaorama: From where will a civil servant get about N100,000 to pay per month for the 3- bedroom flat?

There is an URGENT need to INCREASE the minimum wage for civil servants from the miserable N18,000 and REDUCE the bogus remuneration of our loafing legisLOOTERS and other political jobbers who do almost nothing of benefit to us.

shevon: This is a very good news. I applied but was expecting the worse and hoping for the best. I just hope they will not end up doing the usual Nigerian thing of swapping names of applicants for their cronies.

I like to ask U smthing.what %of money whete U asked as deposit?

anonimi:

There is an URGENT need to INCREASE the minimum wage for civil servants from the miserable N18,000 and REDUCE the bogus remuneration of our loafing legisLOOTERS and other political jobbers who do almost nothing of benefit to us.

As U can see even if the wages is increased to N50k minimun.civil servant still wont be able to afford the mortgage cos the houses are going to be more than 5M

shevon: This is a very good news. I applied but was expecting the worse and hoping for the best. I just hope they will not end up doing the usual Nigerian thing of swapping names of applicants for their cronies.

I applied too. That's my fear too

moyinoluwabun: Nice one. I applied and hope I'm considered. Nigeria moving forward.

Howmuch did U deposit?

bist: @OP, am I suppose to read all that?

If you didn't apply, there is no point to reading it. I posted the information so that those of us that heard and applied would get a heads-up concerning their application.

bushdoc9919: Interesting.

BTW....how does a mortgage work in Nigeria.? If anyone knows....answers would be much appreciated.

Mortgages do work. You just have to show you have the means to repay. Aside that, you also have to have the prerequisite equity contribution (this is dependent on the mortgage institutions' policy) and that is exactly how this FG programme works.
Choose a property you are interested in, provide your equity contribution and the Mortgage/Financial institution buys the property on your behalf with a dual title hold (the financial institution/your name on the deed pending when the loan is fully paid) and you have 20 years to pay back the loan. If at any point you are not able to continue paying the mortgage, the property is repossessed, sold and the financier liquidates the outstanding on your loan and gives the balance (if any) back to you.

erico2k2:
Howmuch did U deposit?

At the moment, no deposit is required. But once you have been informed that your application is successful, you will have to seek out a house in the choice area you filled in your application, make 20% of the amount required to buy the property available and the mortgage/financial institution assigned to handle you application will buy the property on your behalf.

erico2k2:
I like to ask U smthing.what %of money whete U asked as deposit?

None at the moment. But the application is approved, I'd be required to pay 20% of the value of any house I choose as my equity contribution.

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erico2k2:
Howmuch did U deposit?

has it gotten to level of depositing?

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erico2k2:
As U can see even if the wages is increased to N50k minimun.civil servant still wont be able to afford the mortgage cos the houses are going to be more than 5M

The question we should ask ourselves is how did civil servants (up to early 80s) build house/buy from government & other developers without being corrupt unduly yet were able to buy cars and send their kids to good PUBLIC schools?
What has changed
How have we contributed to that change and how can we help reverse it? We might see the link with the bogus salary being paid to political jobbers who add no value to our national, state & LGA life.

erico2k2: Now back to reality.howmany of the so called applicants would be abke to affird the daid mortgage.Loads of things comes into play.if you are above 45 years of age would it be a good thi g to apply?
If you earn less than 100k is it wise to apply?
Have you stopped to think if its 100% mortgage or the sum of initial deposit?

There is initial deposit of about 20%, can't remember exactly though. The % would be calculated based on the mortgage type(house) you applied for.

Are these houses already been built and where are the locations? I applied too and I selected Oshodi-Isholo as my preferred area. someone should please educate me. Thanks

I also applied and I was fortunate to be among the first 5000 that applied, and during this period there were only 14 pilot states available so I had to select Ogun state(mowe- Ibafo axis) , then later other states including Lagos was enlisted.

I have a strong feeling I will be considered but my concern is that will it be possible to change back to Lagos state since I work in Lagos?

Can anyone answer this.

My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out.

This is what I do........ www.MoneyKin.Com

Hemanwel: This is a welcome development.

On the flip side:
I had a game of Scrabble with my friend last night and he placed a stake on the game with his girlfriend who came visiting.He said if I came out victorious in the game,I should have his girl for myself for 24 hrs.I thought he was joking.In the end,I won the game.
In a bid to keep to his words,he had left the girl with me since yesternight.
Guess what happened,nairalanders??....

You and the girl went for all night vigil at Fr Mbaka's Adoration?

CoolHunk: BRB. Gotta watch Chelsea get beat.

Sorry, u just got spiked now

prettiest1: EPL guys. Hope to see these posts edited after the match.

OMG! U need to forgive me I forgot to edit it.