Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
The Federal Government seeks National Assembly approval for a combined ₦43.56 trillion 2024–2025 budget to address revenue shortfalls and fiscal complexity, raising questions over the timing and implementation of the 2026 budget.
LAGOS
The governor concluded that Lagos’ housing challenges present both an economic and social opportunity. Strategic partnerships with private developers, financial institutions, and investors will be central to delivering safe, affordable, and resilient housing while fostering economic growth and urban sustainability.
ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
World News
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The Federal Government Sets December 2025 Deadline for National Housing Data Centre Launch
The Federal Government plans to operationalise the National Housing Data Centre by December 2025 to centralise housing statistics, improve policy formulation, and enhance investor confidence.
The Federal Government Faults States for Non-Implementation of 1992 Urban Planning Law, 30 Years On
The Federal Government has criticised states for failing to implement the 1992 Urban and Regional Planning Law, citing its neglect as a key factor behind Nigeria’s unplanned urban expansion and informal settlements.
The Minister of Housing and Urban Development Urges States to Enforce the 1992 Urban Planning Law
Housing Minister Ahmed Dangiwa has urged Nigerian states to adopt and enforce the 1992 Urban and Regional Planning Law to tackle uncoordinated growth and informal settlements.
Indigenous Contractors Accuse FG of Withholding ₦760 Billion, Threaten Nationwide Protest
The All Indigenous Contractors Association of Nigeria (AICAN) has accused the Federal Government of failing to release over ₦760 billion allegedly owed for completed 2024 projects.
Federal Government Increases Housing Loan Ceiling for Civil Servants to ₦25 Million
The Federal Government has approved an upward review of the housing loan ceiling for civil servants, raising the maximum accessible amount to ₦25 million for Permanent Secretaries under the revised Federal Government Staff Housing Loans Board (FGSHLB) scheme.
Reps Launch Probe into SON Over Alleged Approval of Substandard Building Materials
The House of Representatives investigates the Standard Organization of Nigeria over claims it reversed the shutdown of 18 firms producing substandard building materials amid rising collapse incidents.
FG Reaffirms Commitment to Housing Delivery and Urban Planning Reform
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.
NITP President Calls for Full Enforcement of Urban and Regional Planning Law
The President of the Nigerian Institute of Town Planners (NITP), TPl. Dr Chime Ogbonna, has called on both federal and state governments to fully implement the Urban and Regional Planning Law
Family Homes Funds to Commission 100 Housing Units for Widows in Kaduna and Ibadan
FHFL’s widow housing initiative aligns with its core mandate of delivering social housing that not only addresses shelter needs but also contributes to job creation and sustainable urban development.
Rivers State Government Partners With Masta Services to Develop 2,000-Unit PH-Airport City Housing Project
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.