Own a House for 30k monthly


 I literally spent about 3 minutes laughing and just shaking my head vigorously about how the Nigerian government constantly relegates us into the crowd and continuously plays a Kevin Hart on us. 30,000 naira a month to get a house? If you multiply that by 12 months a year, that would be rounded up to 400,000 naira; so in actuality what really is the scheme doing? That's the average house rent on the mainland for about 2-3 rooms. How many people make up to 50,000-100,000 naira that are still looking for houses? Need I say that 100,000 naira in this economy is barely enough for a month.

At the Democracy Day celebrations, Acting President Yemi Osinbajo announced that the Federal Government has earmarked N100 billion for the Family Home Fund under its Social Investment Programme (SIP). 

There is also an aspect of this SIP that has not be mentioned; this is N100bn set aside for the Family Home Fund, our Social Housing Project. The N100bn is a yearly contribution to our N1trn Social Housing fund. This is the largest in the history of the country. The World Bank, AfDB, are contributors to the fund.

From this fund developers of real estates for social housing will borrow 80 per cent of cost of project and counter fund with their own 20 per cent. The same fund will enable us to provide inexpensive mortgages for hundreds of thousands across the country who wants to own homes on their own. Anyone who can afford N30,000 a month will be able to buy a home under our new social housing fund scheme.

With a minimum wage of 18,000, the least they should have for a house is still 30,000? In the Vice-President's words, "anyone earning 30,000 naira can own a house in President Buhari's administration" So I spend all my money on rent and live on God's favour and eat the word daily? Were the masses even considered in this plan, or aren't they tired of clearing able-bodied people from under the bridges and on the road sides? If the aim is really to help, the cost and plan has to be revisited; so even if they made it 10,000 a month with same minimum wage, a person or a family of say 4 persons is expected to survive on 8,000 a month and live in God knows where? The scheme has way too many holes in to be approved, at least here is what affected Nigerian youths with no chill had to say

Pay Your Rent Monthly


If you are not a house owner or landlord, your problems are basically narrowed down to two; terrible landlords that make house a living hell and or struggling to pay annual rent from your monthly salary; like honestly how do they think it is even possible, by performing magic or being miserly through the year? 

The homes are sourced according to demand. After users make requests on the website, Fibre goes looking for apartments that best match their given criteria. Tenants sign a one-year contracts and they have to pay 25% of the annual fee upfront to get the keys; then pay the balance of  the rent over the next 11 months. 

We started this company because this is one of the biggest problems people in Nigeria face today. Right now, we ask people who earn money monthly to somehow come up with one/two years worth of rent and pay that upfront.

From fibre.ng here are the advantages of getting a home with them: 

// Monthly Payments: No more lump sum 2-year rent payments. With Fibre, you can pay for your home monthly as you earn

// Access Multiple Locations: Moving homes should not be a hassle. Fibre members can move between Fibre locations as their housing needs change

// Living Made Simple: Living in a city can be stressful. Our locations are selected with your convenience in mind

// Advanced User Profile: Create a profile to help us monitor your preferences even before you join us. It's the best way to manage your viewings, track your bookings and get alerts on your favourite locations

And for home owners you might want to stop demanding lump sum rents from your tenants, list your property on this platform that we think has the inherent power to be the future and face of Nigerian housing system. What's in it for you?

// Less vacancies: By allowing our members to pay monthly, Fibre creates a larger pool of suitable tenants for any property, this way your house does not have to stay empty for months or even years.

// Verified tenants: Landlords gain access to thousands of verified tenants, and

// Dependable income: Landlords receive guaranteed periodic rental income

In the US, people are placed into different buckets as a function of their risk level. If you’re a safe bet, you are asked to make a tiny deposit and space out the remainder of your payments over the course of a year. If you are risky, you are asked to make a chunkier upfront payment. In Nigeria however, we effectively assume that 100% of the renters in our market are 100% risky. This is statistically impossible and is making life difficult for a lot of honest and hardworking Nigerians.

Providing feasible solutions to the everyday Nigerian man's problem as well as offering comfortable housing on a platter of piece-by-piece rent payment.