The Federal Government has unveiled plans to construct a 2.9-kilometre underwater tunnel in Lagos, a project that would mark the first of its kind in Africa.

The Central Bank of Nigeria (CBN) has indicated that lower interest rates may be on the horizon as inflationary pressures begin to moderate, raising prospects for cheaper credit and renewed private sector investment.

A recent survey of lawmakers and housing sector stakeholders has ranked the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.

A government-supported mortgage initiative is recording strong interest from Nigerians abroad seeking long-term participation in the country’s property market. The Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF).

The Federal Government has signed a strategic partnership with Polaris Capital Limited to train, certify, and place 100,000 construction artisans in jobs nationwide

The Federal Executive Council (FEC) has approved the Ministry of Works’ proposal to adopt Public-Private Partnership (PPP) and Engineering, Procurement.

A significant number of federal civil servants remain unable to benefit from the Federal Government’s housing loan scheme.

The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone to establish a dedicated Building Materials Hub, aiming to reduce construction costs.

The Federal Government has reconstituted and inaugurated the National Building Code Advisory Committee (NBCAC) to strengthen building-standards enforcement and curb structural failures nationwide.

The call for civil servants to receive at least a 50 percent housing incentive has gained momentum as stakeholders question whether the Federal Government’s Renewed Hope Agenda.