This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Benue State Government has launched the construction of a 1,080-unit housing estate in Makurdi, a project designed to reduce the city’s housing deficit and provide more affordable accommodation options.
LAGOS
The Lagos State Government has ordered the immediate suspension of all ongoing and planned land reclamation projects, citing the environmental and social risks posed by unregulated developments across the state.
ABUJA
The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has urged the federal government to fully implement the Nigerian Urban and Regional Planning Law.
World News
All News
FCTA Revokes Riverpark Estate Lease Amid Land Dispute, Orders Repossession of Undeveloped Plots
The Federal Capital Territory Administration (FCTA) has revoked the lease agreement of the controversial Riverpark Estate in Abuja, ordering the repossession of all undeveloped plots.
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).
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
The Real Estate Developers Association of Nigeria (REDAN) has welcomed the Economic and Financial Crimes Commission’s (EFCC) recovery of 753 duplexes and other properties in the Lokogoma District of Abuja.
HDAN Urges Lawmakers to Curb Soaring Rent and Agency Fees in Abuja
The Housing Development Advocacy Network (HDAN) has called on the National Assembly to introduce urgent legislation to address the rising cost of rent and agency fees in the Federal Capital Territory (FCT).
FCTA Demolishes Boulevard Park, Maitama, for Master Plan Violations
The Federal Capital Territory Administration (FCTA) has demolished Boulevard Park in Maitama, Abuja, citing violations of park policy and breaches of the Abuja Master Plan.
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
FCT High Court to Receive 50 Duplexes by June 2026, Says Wike
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has announced that 50 duplexes will be delivered to the FCT High Court by June 2026,
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.
FIABCI Advocates Adoption of Global Standards to Address Building Collapse in Nigeria
The International Real Estate Federation (FIABCI) has urged Nigeria to adopt proven international construction models and regulatory framework.
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.