Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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Nigeria’s Detty December tourism economy is under pressure from rising costs, weak coordination, and uneven service delivery, raising concerns about long-term sustainability and competitiveness.
LAGOS
ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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Governor Sanwo-Olu Commissions Orca Mall, Reinforcing Lagos's Investor-Focused Strategy
NHM analysis on Governor Sanwo-Olu's endorsement of the Orca Mall in Eko Atlantic City. The project signals high-level confidence in Lagos’s real estate development and investor-focused strategy.
Lagos State Governor Proposes Record ₦4.24 Trillion Budget for 2026 Fiscal Year
Governor Babajide Sanwo-Olu has presented a ₦4.237 trillion “Budget of Shared Prosperity” for 2026, outlining major allocations for infrastructure, economic affairs, health, education, and social welfare, with revenue projections of ₦3.993 trillion and a ₦243 billion deficit.
Lagos Government Intensifies Demolition of Illegal Structures in Ikate Elegushi and Lekki–Ikoyi Corridors
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
Sanwo-Olu Commissions 233 New Housing Units in Eti-Osa, Expands Lagos’ Affordable Housing Pipeline
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.
Governor Sanwo-Olu to Commission 233 New Housing Units at Abraham Adesanya Estate, Ajah
Lagos State Governor Babajide Sanwo-Olu will commission 233 new housing units at Abraham Adesanya Estate, Ajah, delivered through a joint venture with Urban Shelter Ltd. The project strengthens Lagos’ housing supply and supports the state’s broader urban development strategy.
Lagos Housing Ministry Partners with Local Government Staff Board to Boost Home Ownership
Lagos State partners with the Local Government Staff Housing Board to expand affordable housing and strengthen welfare for public sector workers.
Lagos State Government Issues ₦200 Billion Bond to Accelerate Infrastructure Delivery and Deepen Subnational Debt Market
Lagos State has issued a new ₦200 billion bond to finance large-scale infrastructure projects, reinforcing its position as Nigeria’s most active and credible subnational player in the domestic capital market.
Lagos State Government Reintroduces Building Permit Amnesty to Accelerate Urban Compliance
Lagos State has reinstated its Planning Permit Amnesty Programme to enable property owners regularize unapproved developments between 1 November and 31 December 2025.
Lagos State Government Begins Fresh Enumeration for Oworonshoki Demolition Victims
Lagos State has started a new enumeration for Oworonshoki demolition victims to identify uncaptured residents and ensure full compensation
The Lagos State Government Enforces Mandatory Building Insurance, Expands Digital Land Reforms
Lagos State mandates compulsory insurance for commercial buildings above two floors and launches a digital land administration system to boost safety, transparency, and investor confidence.