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Nigeria's housing market is under scrutiny due to a significant deficit in housing units, prompting experts to seek innovative financial solutions. The Diaspora Mortgage Loan initiative aims to harness remittances from Nigerians overseas to facilitate homeownership back home.
Members of the Makoko community and various civil organizations have expressed their discontent with the Lagos State Assembly's proposal to relocate residents from recently demolished waterfront areas to a new low-cost housing estate in Agbowa, Epe.
The escalating housing prices in Lagos have substantial macroeconomic consequences, heavily burdening the financial stability of households. Addressing the affordability crisis is crucial for fostering economic growth and enhancing job accessibility.
The Federal Mortgage Bank of Nigeria (FMBN) announced ₦152.4 billion in National Housing Fund (NHF) collections for 2025, reflecting a significant increase from ₦103 billion in 2024. Managing Director Shehu Osidi attributed this growth to improved processing of NHF refunds and increased contributor registration.
Mshel Homes has announced the impressive growth of its Mshel Hutu Exclusive estate, highlighting significant appreciation for investors since its launch last year. The estate's unique amenities and prime location make it an attractive option for prospective buyers.
Joe Igbokwe, a prominent member of the APC, has criticized the escalating rental prices in Nigeria, particularly in Lagos. He argues that landlords are forcing people into criminal behavior to secure housing.
Residents and subscribers of the Greater Lagos County Apartments in Surulere have expressed their concerns in an open letter directed to Governor Sanwo Olu, addressing issues with Megamound Investment Limited, the developer overseeing the project.
Former Vice President Yemi Osinbajo emphasizes the need for state-led planning and infrastructure-focused development to promote affordable housing in Nigeria. He addresses these points during the Real Estate Outlook 2026 event in Lagos.
Residents of Makoko, a Lagos slum, express their anguish after recent demolitions have left them homeless. Many have resorted to living in boats while enduring the harsh elements and seeking shelter from the rain.
The rent crisis sweeping through Nigeria has seen prices soar across various regions, with increases reaching up to 150% in some areas. This situation has left numerous tenants struggling to manage housing costs.
The Benue State Government has initiated the construction of permanent housing for families displaced by the Yelwata attack, seven months following the brutal incident that left many dead and others homeless.
The Federal Government has announced its intention to work alongside state governments and other stakeholders to tackle Nigeria's significant housing shortfall of approximately 15 million units.
