This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
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.
LAGOS
Human rights lawyer Femi Falana (SAN) has accused the Lagos State Government of defying a court order during recent demolitions in Oworonshoki, raising concerns over due process and property rights.
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
Nigeria, South Africa, and Egypt to Lead Africa’s Economic Growth in 2025 Says United Nations
The United Nations (UN) forecasts a significant boost in Africa’s economic growth in 2025, with Nigeria, South Africa, and Egypt leading the charge. The region’s Gross Domestic Product (GDP) is expected to rise to 3.7% in 2025, driven by economic recovery in these three powerhouse nations. By 2026, growth is projected to reach 4.0%, signaling a strong rebound.
FG Invests ₦89.2 Billion in Roads, Schools, and Security in FCT
World Bank projects Nigeria’s economy to grow by 3.5% in 2025, 3.7% in 2026
The World Bank projects Nigeria's economy to grow by 3.5% in 2025 and 3.7% in 2026, driven by strong performance in the services sector and gradual improvements in macroeconomic stability. Growth in 2024 was estimated at 3.3%, primarily fueled by financial and telecommunication services, alongside fiscal reforms that boosted business confidence.
Looking ahead, declining inflation and increased consumer spending are expected to support economic recovery, with the services sector remaining a key growth driver. However, challenges such as inflationary pressures, a weak naira, and underperforming oil production continue to pose risks to sustained progress, according to the World Bank's Global Economic Prospects report.
