Latest Real Estate News in Nigeria
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The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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Lagos Government Intensifies Flood Control Efforts with Demolition of Illegal Structures in Ebute Metta
The Lagos State Government has begun the removal of illegal structures obstructing the Jebba/Kano collector in Ebute Metta, as part of ongoing measures to strengthen the city’s drainage infrastructure and mitigate recurring flooding.
Lagos Reopens Ogudu-Ifako Bridge After Early Completion of Repairs
The Lagos State Government has reopened the Ogudu-Ifako Bridge to full traffic after completing repairs on its expansion joints ahead of schedule. The bridge, which had been partially closed for several months, is a critical link along one of the state’s busiest transport corridors.
Lagos Government Denies Ethnic Bias in Trade Fair Demolition, Cites Planning Law Violations
The Lagos State Government has refuted allegations of ethnic discrimination in the recent demolition exercise at the Trade Fair Complex in Ojo, stating that the operation was driven solely by urban planning and regulatory concerns.
LASRERA Launches Realtors Connect to Tackle Fraud and Strengthen Credibility in Lagos Real Estate
Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare, stressed that only duly registered practitioners will be permitted to operate under LASRERA’s framework.
Lagos State Ministry of Physical Planning and Urban Development Plans 40,000 Building Permits a Year
The Lagos State government is targeting 40,000 building planning permits annually to curb unregulated development, streamline approvals, and protect property investments.
Lagos Airport Expansion Rekindles AIC–FAAN Land Dispute
The Federal Airports Authority of Nigeria (FAAN) is facing renewed legal pressure from AIC Limited, the company founded by the late business magnate Harry Akande, over disputed land within the ongoing ₦712 billion expansion of Lagos’ Murtala Muhammed International Airport.
Experts Urge Policy Alignment and Foreign Investment to Accelerate Nigeria’s Real Estate Growth
At the recent Real Estate Stakeholders Conference in Lagos, Timothy Nubi, professor and director at the Centre for Housing and Sustainable Development, University of Lagos, highlighted the urgent need for coordinated policies.
Lagos State Government Suspends All Land Reclamation Projects Over Environmental Concerns
The Lagos State Government has ordered the immediate suspension of all ongoing and planned land reclamation projects, citing the environmental and social risks posed by unregulated developments across the state.
NITP President Urges Dialogue on Demolition of 170 Estates Along Lagos Coastal Highway
The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has called on the federal and Lagos State governments to pursue dialogue and collaboration in addressing the proposed demolition of 170 estates along the Lagos-Calabar Coastal Highway corridor.
Lagos Halves Minimum Land Requirement for Estate Development
The Lagos State Government has reduced the minimum land size requirement for estate development from 10,000 square metres to 5,000 square metres, a move aimed at easing housing delivery.