This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
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.
LAGOS
The Lagos State Government has reiterated its commitment to enforcing compliance within state-owned housing estates, warning that residents who breach estate regulations risk losing their home allocations.
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
Lagos Government Intensifies Flood Control Efforts with Demolition of Illegal Structures in Ebute Metta
The Lagos State Government has begun the removal of illegal structures obstructing the Jebba/Kano collector in Ebute Metta, as part of ongoing measures to strengthen the city’s drainage infrastructure and mitigate recurring flooding.
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.
Lagos Reopens Ogudu-Ifako Bridge After Early Completion of Repairs
The Lagos State Government has reopened the Ogudu-Ifako Bridge to full traffic after completing repairs on its expansion joints ahead of schedule. The bridge, which had been partially closed for several months, is a critical link along one of the state’s busiest transport corridors.
Lagos Government Denies Ethnic Bias in Trade Fair Demolition, Cites Planning Law Violations
The Lagos State Government has refuted allegations of ethnic discrimination in the recent demolition exercise at the Trade Fair Complex in Ojo, stating that the operation was driven solely by urban planning and regulatory concerns.
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.
10,000 Affordable Homes Planned for Federal Workers Under Abuja Cooperative City Project
The Abuja Cooperative City Project will deliver 10,000 housing units for federal workers in Abuja under the Renewed Hope Agenda, backed by FMBN and the Federal Ministry of Housing and Urban Development.
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.
LASRERA Launches Realtors Connect to Tackle Fraud and Strengthen Credibility in Lagos Real Estate
Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare, stressed that only duly registered practitioners will be permitted to operate under LASRERA’s framework.