Nigeria Needs $24 Billion to Revive 100,000 Abandoned Buildings
A staggering N18 trillion ($24 billion) is required to revive the over 100,000 abandoned buildings across Nigeria, according to a report by Digital Experience Technology Limited. The report, titled “Reviving…
Nigerian Construction Sector Projected to Reach $45 Billion by 2028—ABIQ Report
The Nigerian construction sector is projected to grow to $45 billion by 2028, according to the latest quarterly report from African Business Intelligence (ABIQ). The report estimates that the sector…
Fire Engulfs Two-Storey Building in Ebute-Metta, Lagos
On Sunday, a fire broke out at a two-storey building located at 14 Oko Baba Street, off Ibadan Street, in the Ebute-Metta area of Lagos State, causing significant property damage.…
Understanding Nigeria’s unattractive mortgage system with double digits interest rate
Nigeria’s unattractive mortgage system has been a key theme in its residential market for decades. With a housing deficit running into tens of millions, homeownership rate at over 25%, and…
Sacked CBN Staff Sue Apex Bank Over Unpaid Entitlements and Damages
Over 100 sacked Central Bank of Nigeria (CBN) employees have filed lawsuits against the apex bank at the National Industrial Court (NIC), seeking compensation and general damages following their recent…
Nigeria Needs N55trn To Tackle Housing Deficit In 10 Years
The federal government has said that a whopping N55 trillion would be needed to fix Nigeria’s housing deficit over the next 10 years. This was disclosed by the minister of…
FHA Pledges to Demolish Unsafe Buildings in FESTAC Town
The Managing Director of the Federal Housing Authority (FHA), Mr. Oyetunde Ojo, has announced the commencement of road rehabilitation in Festac Town, Lagos, beginning with the renovation of 1st Avenue.…
Landowners Take FG to Court Over N15tn Lagos-Calabar Highway
The Federal Government has reaffirmed its commitment to the ongoing construction of the 700km Lagos-Calabar Coastal Highway, despite multiple court cases initiated by aggrieved landowners. Minister of Works, David Umahi,…
FG firms up deal with Shelter Afrique Development on Housing
The Ministers of Housing and Urban Development, Arc. Ahmed Dangiwa and his State counterpart, Alh. Abdullahi Gwarzo, on Thursday advanced reasons for firming up partnership deal with Shelter Afrique Development…
HDAN Highlights Seven Landmark Achievements of the Federal Ministry of Housing and Urban Development under Arc. Ahmed Dangiwa
…Celebrates Milestones, commends and congratulates Arc. Ahmed Dangiwa on One Year in Office …Set Agenda for Continued Progress in Nigeria’s Housing Sector As Arc. Ahmed Dangiwa marks his one-year anniversary…
