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
Diaspora Nigerians Drive Uptake of Government-Backed Mortgage Fund
A government-supported mortgage initiative is recording strong interest from Nigerians abroad seeking long-term participation in the country’s property market. The Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF).
FG, Polaris Capital to Train 100,000 Construction Artisans under New National Skills Programme
The Federal Government has signed a strategic partnership with Polaris Capital Limited to train, certify, and place 100,000 construction artisans in jobs nationwide
FEC Approves Review of PPP, EPC+F Models for Lagos’ Carter and Third Mainland Bridges
The Federal Executive Council (FEC) has approved the Ministry of Works’ proposal to adopt Public-Private Partnership (PPP) and Engineering, Procurement.
Federal Workers Face Hurdles Despite FG Housing Loan Expansion
A significant number of federal civil servants remain unable to benefit from the Federal Government’s housing loan scheme.
FG Moves to Develop Building Materials Hub on 200 Hectares in Lekki Free Trade Zone
The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone to establish a dedicated Building Materials Hub, aiming to reduce construction costs.
FG Reconstitutes National Building Code Advisory Committee, Names 21-Member Panel
The Federal Government has reconstituted and inaugurated the National Building Code Advisory Committee (NBCAC) to strengthen building-standards enforcement and curb structural failures nationwide.
Renewed Hope Agenda: Housing Incentives for Civil Servants Under Scrutiny
The call for civil servants to receive at least a 50 percent housing incentive has gained momentum as stakeholders question whether the Federal Government’s Renewed Hope Agenda.
Housing Ministry Launches New Fraud Reporting Portal and Oversight System to Secure Real Estate
The Federal Ministry of Housing and Urban Development has officially launched a Housing Fraud Reporting Portal, enabling citizens to report and monitor fraudulent practices in the real estate sector.
Federal Government Commences Phase 2B Access Road for Second Niger Bridge
The Federal Government has commenced construction of the Phase 2B access road to the Second Niger Bridge, a critical infrastructure project designed to ease transportation.
FG Clarifies How New Housing Programme Breaks From Past Models
The Federal Government has distinguished its current housing initiative from previous efforts by delivering stronger outcomes through strategic partnerships.