Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
Nigeria’s Federal Executive Council has approved a ₦58.47 trillion 2026 budget, alongside a revised MTEF exchange rate of ₦1,400/$1, signalling a shift toward non-oil revenue and fiscal consolidation.
LAGOS
ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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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.
Dangiwa Criticizes States Over 30-Year Delay in Urban Planning Law Implementation
Nigeria’s Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has criticized state governments for failing to adopt and enforce the Urban and Regional Planning Law (Decree 88 of 1992), more than three decades after its enactment.
Lagos State Government Demolition Sparks Controversy Despite Court Injunction Protecting Oworonshoki Residents
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.
The House of Representatives Propose 20% Cap on Rent Increases Nationwide to Protect Tenants
The House of Representatives has proposed a nationwide cap limiting rent increases to no more than 20% of the current rate, in a bid to curb arbitrary hikes and strengthen tenant protection across Nigeria’s rental market.
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.