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 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.

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.

Property owners across several Nigerian cities are voicing alarm over widespread demolitions that have displaced residents, shuttered businesses, and raised legal and policy questions about land governance in the country.

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.

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.

The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has urged the federal government to fully implement the Nigerian Urban and Regional Planning Law.

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.

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.