For many Nigerians, owning a home has long felt out of reach — not because they don’t dream of it, but because mortgages were either too expensive, too short, or simply unavailable. But that reality is beginning to shift. A new mortgage initiative backed by the Federal Government of Nigeria, through the Ministry of Finance […]
Industry stakeholders are once again sounding the alarm on Nigeria’s housing deficit, stressing that affordability remains the most critical challenge confronting millions of citizens. Despite real estate being a major contributor to Nigeria’s Gross Domestic Product (GDP), homeownership rates remain below 10%, leaving a vast majority of Nigerians unable to afford decent housing. Speaking at
Nigeria’s Housing Deficit: Stakeholders Call for Stronger Public-Private Partnerships Read More »
The Lagos State Government has explained the reasons behind the recent demolition of several buildings at the Trade Fair Complex in Ojo, Lagos, stressing that the move was necessary to enforce physical planning laws and ensure public safety. According to Dr. Oluyinka Olumide, the Commissioner for Physical Planning and Urban Development, the demolition was not
Lagos Government Defends Demolition at Trade Fair Complex Read More »
At the recently concluded 19th Africa International Housing Show (AIHS) in Abuja, stakeholders in Nigeria’s real estate sector renewed calls for the establishment of a National Housing Data Centre that would centralise land, housing, and finance statistics. The proposed centre, they noted, would provide reliable data for evidence-based policymaking and help address one of the
Stakeholders Call for Data Centre to Tackle Nigeria’s Housing Crisis Read More »
The Federal Government has shed light on how its Renewed Hope Housing Programme stands apart from past housing projects, promising that this time, ordinary Nigerians will feel the real impact. Unlike earlier initiatives that were often small, scattered, and delivered only a few hundred homes over many years, the new programme is designed to have
FG Explains How New Housing Programme Differs From Previous Efforts Read More »
Real estate developers in Nigeria are under renewed pressure to ensure their operations are transparent, as the Economic and Financial Crimes Commission (EFCC) intensifies its crackdown on fraud and illicit financial flows within the sector. Speaking at a policy dialogue in Abuja, EFCC Chairman Ola Olukoyede announced that the Commission is now closely monitoring property
EFCC Warns Nigerian Real Estate Developers Over Fraud and Illicit Funds Read More »
Finding the perfect house for sale in Nigeria can be both exciting and overwhelming, especially for first-time home buyers or property investors. The country’s real estate market presents a broad spectrum of options—from luxurious homes in high-end areas to more affordable properties in up-and-coming neighborhoods. With such variety, it’s easy to feel overwhelmed by the
Guide To Finding A House For Sale In Nigeria Read More »
Dr. Oluyinka Olumide, Lagos State Commissioner for Physical Planning and Urban Development, revealed in a recent interview that a whopping 80 percent of buildings in Ibeju Lekki lack official approval. He explained that during a recent inspection in the area, it was evident that most estates were unapproved. Olumide outlined the procedure for obtaining approval,
80% of the buildings in Lekki are unauthorized, says Lagos State Government Read More »
The Minister of Works, David Umahi, has questioned Landmark Group’s title, claiming that the shoreline never belonged to the property company. MInister of Works- David Umahi He questioned Landmark Group’s title at a stakeholder meeting on compensation payments to property owners affected by the Lagos-Calabar Coastal Highway project in Lagos on Wednesday. He stated, ”The
Landmark Group’s Title Challenged by Minister, Compensation Begins for Others Read More »
In the midst of Ghana’s growing housing problem, Eric Kwaku Gyimah is leading a pioneering effort to convert shipping containers into affordable, eco-friendly homes. Eco-friendly homes made from shipping containers Gyimah’s company, IWoodz Creation, doesn’t just make homes but also constructs shops, offices, and cafes using retired shipping containers. Ghana’s Statistical Service reports that out
Are Shipping Containers the Solution to Ghana’s Housing Crisis? Read More »