This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
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.
LAGOS
Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare, stressed that only duly registered practitioners will be permitted to operate under LASRERA’s framework.
ABUJA
The Abuja Cooperative City Project will deliver 10,000 housing units for federal workers in Abuja under the Renewed Hope Agenda, backed by FMBN and the Federal Ministry of Housing and Urban Development.
World News
All News
World Bank projects Nigeria’s economy to grow by 3.5% in 2025, 3.7% in 2026
The World Bank projects Nigeria's economy to grow by 3.5% in 2025 and 3.7% in 2026, driven by strong performance in the services sector and gradual improvements in macroeconomic stability. Growth in 2024 was estimated at 3.3%, primarily fueled by financial and telecommunication services, alongside fiscal reforms that boosted business confidence.
Looking ahead, declining inflation and increased consumer spending are expected to support economic recovery, with the services sector remaining a key growth driver. However, challenges such as inflationary pressures, a weak naira, and underperforming oil production continue to pose risks to sustained progress, according to the World Bank's Global Economic Prospects report.
