This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
President Bola Tinubu, represented by Minister Ahmed Dangiwa, reaffirms the Federal Government’s commitment to housing delivery and urban planning reforms at the NITP conference.
LAGOS
Tension has risen in Oworonshoki, Lagos, following the demolition of more than 70 houses at Ajileru, Ososa Extension, and Toluwalase Streets an action that occurred despite an active court injunction restraining the state government from proceeding with demolitions in the area.
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
All News
FG Clarifies Scope of Uniform Housing Prices Under Renewed Hope Programme
The Federal Ministry of Housing and Urban Development has clarified that the recently announced uniform housing prices apply exclusively to estates developed through the Ministry’s budgetary allocations.
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.
Over ₦70 Billion Mobilized to Boost Urban Housing Development in Nigeria
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.
CBN Rate Cut Signals Relief for Economy, Real Estate Sector Eyes Opportunity
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points to 27%, marking its first rate cut of 2025. The move aims to ease inflation, stimulate growth, and unlock opportunities for Nigeria’s housing and real estate sector, from more affordable mortgages to improved financing for developers.
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
The Real Estate Developers Association of Nigeria (REDAN) has welcomed the Economic and Financial Crimes Commission’s (EFCC) recovery of 753 duplexes and other properties in the Lokogoma District of Abuja.
FG to Build Bamboo Houses for Low-Income Nigerians
