Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
Lagos State Governor Babajide Sanwo-Olu has commissioned 233 new housing units in the Abraham Adesanya area of Eti-Osa, expanding the state’s affordable housing stock and reinforcing Lagos’ commitment to public–private partnerships, housing accessibility, and timely project delivery.
LAGOS
The Lagos State Government has launched a new enforcement wave targeting illegal buildings in Ikate Elegushi and the Lekki–Ikoyi corridor. LASBCA, the House of Assembly, and the Office of Urban Development say the demolitions are necessary to protect public safety
ABUJA
The Federal Capital Territory Administration will start strict enforcement on November 26, targeting property owners who have defaulted on ground rent, land-use charges, conversion fees, and title registration requirements.
World News
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South-East States Launch Landmark Initiative to Deliver 100,000 Affordable Homes
Igboebinie and Hand of God Construction partner with South-East states to deliver 100,000 affordable housing units, integrating smart-city infrastructure, job creation, and innovative construction models.
Nigeria to Roll Out Interest Free Mortgages Under New FMBN–SEC Partnership
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have unveiled a major joint initiative to develop a nationwide Non-Interest Mortgage (NIM) framework. The effort is aimed at reducing Nigeria’s estimated housing deficit of 28 million units.
World Habitat Day: AHCN Calls for Federal-State Coordination to Tackle Nigeria’s Housing Deficit
As the world commemorates World Habitat Day 2025, the Association of Housing Corporations of Nigeria (AHCN) has urged the Federal Government and state authorities to strengthen policy coordination and institutional collaboration to address the nation’s growing housing crisis.