News by Country
Published stories attached to Nigeria.
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The ongoing $13 billion Lagos-Calabar Coastal Highway is reshaping property values along southern Nigeria’s corridor, with land values rising by as much as 133% in two years and investors turning to emerging coastal districts in Ondo, Edo and Delta.
Fame Oyster & Co. CEO Olufemi Oyedele urges the federal government to abandon attempts to regulate cement prices, arguing that Nigeria’s housing crisis stems from a faulty building production system rather than the activities of cement manufacturers.
As Nigeria moves toward the 2027 general elections, housing must shift from the margins of political campaigns to the centre of the national conversation, requiring measurable and funded strategies on land, mortgages and building materials.
The Chairman of the Mayor of Housing Group says Nigeria can unlock up to 95% of its largely untapped real estate potential and attract massive investment by strengthening regulation, building investor trust and digitising land administration.
Nigeria's Housing Development Advocacy Network has called on political parties and candidates to present clear, measurable and properly funded housing strategies in the 2027 elections, saying housing must become a major campaign issue.
The National Housing Fund has collected worker contributions for 34 years, yet the Federal Mortgage Bank of Nigeria books fewer than 500 mortgages a year against six million contributors and N120-N150 billion in annual inflows.
The Nigeria Police Force plans to channel Police Mortgage Bank and Federal Mortgage Bank funds, plus private capital, into affordable housing for officers, with about 1,000 units targeted at Lagos' Ijeh Barracks by February 2027.
A Lagos State High Court has barred further demolition and construction on a disputed property at 168 Broad Street, Lagos Island, after a council quit notice triggered a possession battle.
As Nigeria's housing ministry moves to license estate agents and developers under a new national framework, property professionals argue harmonisation with existing state and federal regulators matters more than adding another layer.