Governments in Nigeria’s major cities, particularly Lagos, are accelerating the development of planned urban communities to alleviate housing shortages, reduce city-centre congestion, and catalyse economic growth.

The Federal Housing Authority has commenced the Renewed Hope Housing Estate in Kaduna, advancing national efforts to expand affordable, safe, and inclusive housing.

The FCTA has named top corporations, banks, and government agencies including CBN, First Bank, NPA, and BUA among 1,095 property titleholders facing enforcement over unpaid ground rent and land-use charges in Abuja’s premium districts.

Nigeria’s Central Bank governor Olayemi Cardoso says interest-rate cuts may begin in 2026 as inflation cools and foreign-exchange reserves reach their highest levels in seven years. The CBN outlines its priorities for banking stability, payment-system modernisation, fintech regulation, and strengthened fiscal-monetary coordination.

Stakeholders call for comprehensive Land Use Act reform, digital titling, and integrated urban planning to unlock economic growth, improve tenure security, and drive sustainable housing development in Nigeria.

The Housing Development Advocacy Network urges recapitalisation, risk mitigation, and flexible mortgage solutions to address Nigeria’s under-performing housing finance sector and support sustainable homeownership.

Nigeria’s real estate sector hits ₦41.3 trillion, driven by urbanisation and housing demand, presenting lucrative opportunities for investors and structured market participants including REITs.