News by Country
Published stories attached to Nigeria.
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Nigeria’s commercial property market is facing an unusual problem: strong demand exists, yet completed buildings are still sitting vacant. High rents, expensive operating costs and a shift toward smaller, flexible spaces are widening the gap between what developers build and what businesses want.
Two influential Nigerian voices are pressing government to make affordable housing a national priority as homeownership becomes increasingly difficult. Their calls put renewed focus on housing laws, worker contributions and financing reforms.
Nigeria’s mortgage lenders want the government to accelerate MREIF as high financing costs continue to restrict homeownership. Faster implementation could unlock cheaper, longer-term mortgages while giving developers stronger demand for new housing.
The Lagos State Government completes a comprehensive re-mapping of the Lekki corridor to eliminate boundary disputes, modernize cadastral records, and guide rapid urban growth.
In a high-level meeting in Abuja, Japanese consultancy Chodai Co. expressed interest in partnering with the Federal Ministry of Housing to drive smart city development, social housing, and renewable energy infrastructure across all 774 local government areas.
High-level bilateral discussions in Abuja focus on attracting Saudi real estate developers, advancing modern construction technology, and funding large-scale urban development initiatives.
Ending a two-decade-old administrative body, President Tinubu transfers all functions relating to the disposal of government real estate assets directly to the Office of the Attorney General.
LASRERA and the anti-graft agency strengthen inter-agency cooperation to investigate and prosecute property scams, fake titles, and document forgery across the state.
Nigerians living abroad will soon have a formal route to mortgage-backed homeownership in Nigeria. FMBN’s new Diaspora NHF scheme could channel more diaspora money into residential property while reducing reliance on informal transactions.