The Federal Ministry of Housing and Urban Development has issued a firm directive to contractors engaged in federal housing projects nationwide: deliver within agreed timelines or face sanctions, including blacklisting, termination of contracts, recovery of funds, and potential prosecution.

Nigeria’s housing ministry confirms over ₦70bn private capital mobilized under PPPs to boost urban housing development. Minister Dangiwa highlights Renewed Hope Housing reforms, affordability initiatives, and new financing models.

HDAN congratulates President Tinubu at Nigeria’s 65th Independence, calls for reforms to tackle inflation, land access, and affordable housing delivery.

The Minister of State for Housing and Urban Development, Abdullahi Yusuf Atah, has stressed the importance of integrating young Nigerians into the country’s housing market.

The Federal Government has confirmed that it spent ₦15 billion addressing waste excavation and road design modifications on the Lagos section of the Lagos–Calabar Coastal Highway.

Housing experts call for accountability in Nigeria’s demolition crisis, urging punishment for complicit government officials and reforms to end systemic corruption in the housing approval process.

The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points to 27%, marking its first rate cut of 2025. The move aims to ease inflation, stimulate growth, and unlock opportunities for Nigeria’s housing and real estate sector, from more affordable mortgages to improved financing for developers.

Nigeria’s GDP grew 4.23% in Q2 2025, up from 3.48% last year, with real estate and non-oil sectors driving growth as CBN projects 4.17% for 2025.

The Chief Executive Officer of the Mortgage Banking Association of Nigeria (MBAN), Adedeji Ajadi, has warned that Nigerians earning below ₦500,000 monthly are effectively priced out of homeownership as mortgage rates climb to between 18 and 27 percent.

The Federal Government has cautioned the contractor handling the ₦56 billion reconstruction of a 53-kilometre section of the Abuja–Lokoja highway, warning that the contract may be revoked if progress is not significantly improved by November.