This week in Real Estate
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
The House of Representatives has proposed a nationwide cap limiting rent increases to no more than 20% of the current rate, in a bid to curb arbitrary hikes and strengthen tenant protection across Nigeria’s rental market.
LAGOS
The Lagos State Government has reiterated its commitment to enforcing compliance within state-owned housing estates, warning that residents who breach estate regulations risk losing their home allocations.
ABUJA
Minister Nyesom Wike announces that by 2027, every FCT High Court judge will have official housing, marking a new phase in Nigeria’s judicial welfare and infrastructure reform.
World News
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HDAN Urges FCT Minister to Halt Allocation of Abuja’s Green Areas, Warns of Environmental Consequences
The Housing Development Advocacy Network (HDAN) has called on the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to immediately suspend the allocation and conversion of Abuja’s designated green areas, warning that continued encroachment threatens the city’s environmental sustainability, livability, and long-term urban planning objectives.