This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Rivers State Government’s collaboration with Masta Services aligns with its broader strategy to expand housing infrastructure and stimulate local investment. By positioning the project close to the Port Harcourt International Airport, the state aims to foster a thriving residential and commercial ecosystem that supports tourism, logistics, and corporate relocation.
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
Peter Obi Criticizes Nationwide Demolitions, Calls for Empathy in Urban Enforcement
Former presidential candidate of the Labour Party, Mr. Peter Obi, has condemned the ongoing demolition of properties across several Nigerian states, describing the actions as economically counterproductive and socially insensitive amid worsening economic hardship.
WINHOMES Estate Investors Petition President Tinubu over Demolition Linked to Lagos–Calabar Coastal Highway
Property owners within WINHOMES Estate in Lagos have petitioned President Bola Ahmed Tinubu, raising concerns over the demolition of parts of the estate affected by the Lagos–Calabar Coastal Highway project.
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.
Federal Housing Ministry, KTNN, and HDAN Strengthen Collaboration Ahead of Nationwide Home Ownership Campaign
The Federal Ministry of Housing and Urban Development, in partnership with the Know The Nigerian Network (KTNN), has reaffirmed its commitment to strengthening stakeholder collaboration in the housing sector through a strategic engagement with the Housing Development Advocacy Network (HDAN).
Family Homes Funds, TETFund, and Investors Advance Renewed Hope Student Housing Programme
The Federal Government, through Family Homes Funds Limited (FHFL), the Tertiary Education Trust Fund (TETFund), and private investors, is driving the Renewed Hope Student Housing Programme.
Umahi Warns Edo Road Contractors of Contract Termination Over Delays
The Minister of Works, David Umahi, has cautioned contractors handling federal road projects in Edo State that any firm failing to meet agreed timelines will face contract termination.
Housing Ministry Enforces Discipline on Contractors Handling Federal Projects
The Federal Ministry of Housing and Urban Development has issued a firm directive to contractors engaged in federal housing projects nationwide: deliver within agreed timelines or face sanctions, including blacklisting, termination of contracts, recovery of funds, and potential prosecution.
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.
HDAN Urges Tinubu to Deepen Housing Reforms as Nigeria Marks 65th Independence Anniversary
HDAN congratulates President Tinubu at Nigeria’s 65th Independence, calls for reforms to tackle inflation, land access, and affordable housing delivery.
Nigeria’s Housing Minister Stresses Youth Empowerment as Crucial to Closing the Housing Deficit
The Minister of State for Housing and Urban Development, Abdullahi Yusuf Atah, has stressed the importance of integrating young Nigerians into the country’s housing market.