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	<title>Construction - Housing TV Africa</title>
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	<description>24/7 Breaking News, Housing News, Real Estate News, Mortgage News, Construction news, Property News</description>
	<lastBuildDate>Fri, 28 Aug 2026 15:26:18 +0000</lastBuildDate>
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	<title>Construction - Housing TV Africa</title>
	<link>https://www.housingtvafrica.com/tag/construction/</link>
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	<item>
		<title>Two Rescued After One-Storey Building Collapses in Kubwa, Abuja</title>
		<link>https://www.housingtvafrica.com/two-rescued-after-one-storey-building-collapses-in-kubwa-abuja/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=two-rescued-after-one-storey-building-collapses-in-kubwa-abuja</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Fri, 28 Aug 2026 15:26:18 +0000</pubDate>
				<category><![CDATA[Housing News]]></category>
		<category><![CDATA[Abuja]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Building collapse]]></category>
		<category><![CDATA[Building regulation]]></category>
		<category><![CDATA[building safety]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[construction standards]]></category>
		<category><![CDATA[Department of Development Control]]></category>
		<category><![CDATA[FCT]]></category>
		<category><![CDATA[FCT Police Command]]></category>
		<category><![CDATA[FEMD]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Kubwa]]></category>
		<category><![CDATA[Kubwa building collapse]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Nkechi Isa]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[structural safety]]></category>
		<category><![CDATA[Urban Development]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37143</guid>

					<description><![CDATA[<p><img width="960" height="432" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/WhatsApp-Image-2026-08-28-at-15.58.08.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Kubwa building collapse, Kubwa, Abuja, FCT, building collapse, building safety, construction, real estate, housing, urban development, FEMD, Nkechi Isa, Department of Development Control, FCT Police Command, structural safety, building regulation, construction standards, Housing TV, Housing News, Africa Housing News" decoding="async" /></p>
<p>Two residents escaped serious danger on Friday after part of a one-storey residential building collapsed in Kubwa 2/2, near Yellow Page, Abuja. The victims were inside the ground floor when the right section of the building suddenly gave way at about 11:30am. Rescue teams pulled both residents from the rubble alive and took them to [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/two-rescued-after-one-storey-building-collapses-in-kubwa-abuja/">Two Rescued After One-Storey Building Collapses in Kubwa, Abuja</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="960" height="432" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/WhatsApp-Image-2026-08-28-at-15.58.08.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Kubwa building collapse, Kubwa, Abuja, FCT, building collapse, building safety, construction, real estate, housing, urban development, FEMD, Nkechi Isa, Department of Development Control, FCT Police Command, structural safety, building regulation, construction standards, Housing TV, Housing News, Africa Housing News" decoding="async" /></p><p class="isSelectedEnd">Two residents escaped serious danger on Friday after part of a one-storey residential building collapsed in Kubwa 2/2, near Yellow Page, Abuja.</p>
<p class="isSelectedEnd">The victims were inside the ground floor when the right section of the building suddenly gave way at about 11:30am. Rescue teams pulled both residents from the rubble alive and took them to Kubwa General Hospital for treatment.</p>
<p class="isSelectedEnd">The Head of Media and Public Relations at the Federal Capital Territory Emergency Management Department (FEMD), Nkechi Isa, confirmed the incident in a statement.</p>
<h2>Rescue Operation</h2>
<p class="isSelectedEnd">FEMD received a distress call about eight minutes after the collapse, at 11:38am. The agency then mobilised its response team to the affected property.</p>
<p class="isSelectedEnd">Rescuers reached the scene and worked to free the two trapped residents. Both victims survived the incident and remain in stable condition at the hospital.</p>
<p class="isSelectedEnd">No death has been reported in connection with the collapse.</p>
<p class="isSelectedEnd">The affected property contains six blocks of flats. However, most of the other occupants were away when the incident occurred. Their absence helped reduce the number of people exposed to the collapse.</p>
<p class="isSelectedEnd">Despite the successful rescue, the incident caused major damage to personal belongings and household items belonging to residents.</p>
<h2>Authorities Begin Investigation</h2>
<p class="isSelectedEnd">The Department of Development Control also responded to the scene alongside the FCT Police Command.</p>
<p class="isSelectedEnd">The agencies moved to secure the area and begin inquiries into what caused the structural failure. Authorities have not yet released a cause for the collapse.</p>
<p class="isSelectedEnd">The investigation will be important in determining whether issues linked to construction, structural integrity or compliance with approved building requirements played any role.</p>
<h2>Building Safety and Housing in Abuja</h2>
<p class="isSelectedEnd">The Kubwa incident again draws attention to the importance of building safety in Abuja&#8217;s growing residential communities.</p>
<p class="isSelectedEnd">Nigeria continues to face strong demand for housing. As developers respond to that demand, construction quality and regulatory compliance remain important parts of safe housing delivery.</p>
<p class="isSelectedEnd">Building approvals, proper structural design and effective site supervision can help reduce risks during construction and occupancy. Development control agencies also play an important role in ensuring that projects follow approved plans and relevant building requirements.</p>
<p class="isSelectedEnd">Building failures can have consequences beyond physical damage. Residents may lose household possessions, face temporary displacement and incur unexpected costs after a collapse.</p>
<p class="isSelectedEnd">For property owners and developers, the incident also highlights the need to treat structural safety as a core part of housing development. Affordable housing should not come at the expense of safety or compliance with construction standards.</p>
<h2>Wider Housing Implications</h2>
<p class="isSelectedEnd">The collapse in Kubwa highlights a wider challenge for Nigeria&#8217;s housing sector. The country needs more homes, but it also needs homes that can provide safe and secure living conditions.</p>
<p class="isSelectedEnd">Authorities, developers and other construction professionals all have roles to play in maintaining building standards. Stronger monitoring and timely intervention can help identify potential risks before they become emergencies.</p>
<p>For now, the two rescued residents remain under medical care at Kubwa General Hospital. Meanwhile, the relevant FCT authorities will continue to secure the site and investigate the circumstances surrounding the collapse.</p>
<p>The post <a href="https://www.housingtvafrica.com/two-rescued-after-one-storey-building-collapses-in-kubwa-abuja/">Two Rescued After One-Storey Building Collapses in Kubwa, Abuja</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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			</item>
		<item>
		<title>Ogun Expands Affordable Housing Drive to Boost Home Ownership</title>
		<link>https://www.housingtvafrica.com/ogun-expands-affordable-housing-drive-to-boost-home-ownership/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ogun-expands-affordable-housing-drive-to-boost-home-ownership</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Thu, 27 Aug 2026 07:16:05 +0000</pubDate>
				<category><![CDATA[Housing News]]></category>
		<category><![CDATA[affordable housing Nigeria]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Dapo Abiodun]]></category>
		<category><![CDATA[Gateway Mortgage Bank]]></category>
		<category><![CDATA[home ownership Nigeria]]></category>
		<category><![CDATA[housing development]]></category>
		<category><![CDATA[Housing Finance]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Jamiu Omoniyi]]></category>
		<category><![CDATA[Kobape Phase IV]]></category>
		<category><![CDATA[land administration]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Mortgage Finance]]></category>
		<category><![CDATA[Ogun affordable housing]]></category>
		<category><![CDATA[Ogun State housing]]></category>
		<category><![CDATA[Prince Court Estate]]></category>
		<category><![CDATA[Real estate Nigeria]]></category>
		<category><![CDATA[Rent-to-own scheme]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37099</guid>

					<description><![CDATA[<p><img width="1536" height="864" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/The-Ogun-State-government-Dapo-Abiodun-1536x864-1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ogun Expands Affordable Housing Drive to Boost Home Ownership" decoding="async" /></p>
<p>Ogun promotes flexible housing finance The Ogun State Government is expanding its affordable housing programme as it seeks to help more residents become homeowners. The government is using flexible financing, new housing projects and community regeneration to address some of the barriers to home ownership. State Commissioner for Housing, Jamiu Omoniyi, disclosed this during an [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/ogun-expands-affordable-housing-drive-to-boost-home-ownership/">Ogun Expands Affordable Housing Drive to Boost Home Ownership</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="1536" height="864" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/The-Ogun-State-government-Dapo-Abiodun-1536x864-1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ogun Expands Affordable Housing Drive to Boost Home Ownership" decoding="async" loading="lazy" /></p><h2>Ogun promotes flexible housing finance</h2>
<p class="isSelectedEnd"><strong>The Ogun State Government is expanding its affordable housing programme as it seeks to help more residents become homeowners.</strong></p>
<p class="isSelectedEnd">The government is using flexible financing, new housing projects and community regeneration to address some of the barriers to home ownership.</p>
<p class="isSelectedEnd">State Commissioner for Housing, Jamiu Omoniyi, disclosed this during an X community conversation on affordable housing, financing and opportunities in Ogun State. More than 2,500 people took part in the discussion.</p>
<p class="isSelectedEnd">Omoniyi said many prospective homeowners struggle with the high cost of construction. He also noted that many residents cannot afford to pay the full cost of a house at once.</p>
<h2>Rent-to-Own scheme targets more residents</h2>
<p class="isSelectedEnd">The commissioner highlighted the proposed Prince Court Estate at Kobape Phase IV as one of the projects offering a flexible route to home ownership.</p>
<p class="isSelectedEnd">He urged prospective buyers to consider the Rent-to-Own scheme for the estate. Gateway Mortgage Bank is partnering with the state government on the scheme.</p>
<p class="isSelectedEnd">The arrangement could help residents who cannot afford an outright property purchase. It allows the government to link housing delivery with a financing option for eligible beneficiaries.</p>
<p class="isSelectedEnd">Omoniyi said the state&#8217;s housing policy goes beyond building houses. He said the government also wants to create conditions that allow genuine beneficiaries to access and maintain their homes.</p>
<h2>More housing projects across Ogun</h2>
<p class="isSelectedEnd">The government has developed housing schemes in several parts of the state. These include Kobape Phases I–III, Kemta, Itanrin, Ikenne and Iperu.</p>
<p class="isSelectedEnd">According to Omoniyi, the projects target different groups of middle-income earners. The government has also expanded its intervention to existing communities through regeneration projects.</p>
<p>READ ALSO : <a href="https://www.housingtvafrica.com/how-fgs-n10bn-housing-scheme-could-ease-nigerias-housing-burden-on-civil-servants/">How FG’s N10bn Housing Scheme Could Ease Nigeria’s Housing Burden on Civil Servants</a></p>
<p class="isSelectedEnd">These projects include areas such as Ibara GRA in Abeokuta and GRA Ijebu-Ode. The regeneration work aims to improve existing neighbourhoods while supporting economic activity in the built environment.</p>
<h2>Housing projects create artisan jobs</h2>
<p class="isSelectedEnd">Omoniyi also pointed to the impact of the ministry&#8217;s direct-labour approach.</p>
<p class="isSelectedEnd">He said more than 5,000 artisans had gained income opportunities through various housing project sites.</p>
<p class="isSelectedEnd">The approach allows local artisans to take part in housing construction. It also helps the ministry monitor projects more closely and reduce some construction costs.</p>
<p class="isSelectedEnd">The commissioner said the model also increases opportunities for local content providers within Ogun&#8217;s built environment.</p>
<h2>Government subsidises land and infrastructure</h2>
<p class="isSelectedEnd">Omoniyi described housing as a social service of government. He said the state subsidises land costs and provides major infrastructure within its estates.</p>
<p class="isSelectedEnd">These measures aim to reduce the financial burden on beneficiaries. Land, infrastructure and construction costs can significantly affect the final price of a home.</p>
<p class="isSelectedEnd">The government is also working to improve security of tenure for people who have subscribed to its housing schemes.</p>
<p class="isSelectedEnd">Omoniyi said the ministry was clearing a backlog of title documents. The process includes documentation for beneficiaries of estates delivered before 2019.</p>
<h2>Ogun moves to protect genuine beneficiaries</h2>
<p class="isSelectedEnd">The commissioner urged prospective homeowners to patronise the state&#8217;s housing schemes.</p>
<p class="isSelectedEnd">He said the ministry would continue to monitor developments after allocating houses and plots. It will also work to protect genuine beneficiaries and reduce speculation within government housing schemes.</p>
<p class="isSelectedEnd">The government said its wider objective is to turn affordable housing projects into secure and sustainable home ownership. It also wants housing construction to support economic activity across Ogun State.</p>
<p class="isSelectedEnd">Ogun&#8217;s approach shows why affordable housing requires more than the construction of new homes. Financing, land costs, infrastructure and secure property documentation all affect access to home ownership.</p>
<p>By combining housing development with flexible financing, community regeneration and title documentation, the state is seeking to address several parts of the housing challenge at the same time. The success of these efforts will depend on how effectively residents can access the schemes and sustain ownership over time.</p>
<p>The post <a href="https://www.housingtvafrica.com/ogun-expands-affordable-housing-drive-to-boost-home-ownership/">Ogun Expands Affordable Housing Drive to Boost Home Ownership</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<item>
		<title>IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms</title>
		<link>https://www.housingtvafrica.com/imf-urges-nigeria-to-deepen-fiscal-monetary-and-governance-reforms/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=imf-urges-nigeria-to-deepen-fiscal-monetary-and-governance-reforms</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Wed, 26 Aug 2026 06:39:29 +0000</pubDate>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Central Bank of Nigeria]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[fiscal reforms]]></category>
		<category><![CDATA[governance reforms]]></category>
		<category><![CDATA[Housing Finance]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[IMF Nigeria]]></category>
		<category><![CDATA[Infrastructure Financing]]></category>
		<category><![CDATA[Lagos-Calabar Coastal Highway]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[MONETARY POLICY]]></category>
		<category><![CDATA[Nigeria economy]]></category>
		<category><![CDATA[Nigeria Revenue Service]]></category>
		<category><![CDATA[Nigeria Tax Act]]></category>
		<category><![CDATA[Olayemi Cardoso]]></category>
		<category><![CDATA[public financial management]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Tax Reform]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37092</guid>

					<description><![CDATA[<p><img width="1920" height="1200" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Imf2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms" decoding="async" loading="lazy" /></p>
<p>The International Monetary Fund (IMF) has urged Nigeria and other major African economies to strengthen fiscal, monetary and governance reforms as part of efforts to improve economic stability and promote broader-based growth. In its assessment of reform priorities across eight of the African Union’s largest economies, the IMF identified fiscal reform as a key priority [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/imf-urges-nigeria-to-deepen-fiscal-monetary-and-governance-reforms/">IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="1920" height="1200" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Imf2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms" decoding="async" loading="lazy" /></p><p class="isSelectedEnd"><strong>The International Monetary Fund (IMF) has urged Nigeria and other major African economies to strengthen fiscal, monetary and governance reforms as part of efforts to improve economic stability and promote broader-based growth.</strong></p>
<p class="isSelectedEnd">In its assessment of reform priorities across eight of the African Union’s largest economies, the IMF identified fiscal reform as a key priority in all but one of the countries reviewed. For Nigeria, the areas highlighted include tax policy, revenue collection, public financial management and more efficient government spending.</p>
<p class="isSelectedEnd">The Fund also identified improvements to monetary policy frameworks and policy transmission as priorities for Nigeria, Egypt and Ethiopia. In Nigeria’s case, it said governance reforms should include stronger fiscal transparency, better public financial management and improved anti-corruption measures.</p>
<p class="isSelectedEnd">The IMF said stronger domestic revenue mobilisation and more transparent and efficient public spending would help African economies build more resilient institutions. It argued that stronger fiscal and monetary frameworks can support sustainable and inclusive economic growth.</p>
<h3>Nigeria&#8217;s tax reform agenda</h3>
<p class="isSelectedEnd">The recommendations come as the Federal Government continues to implement a wide-ranging reform of Nigeria’s tax system. The new framework, which took effect in January 2026, is built around the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act and Joint Revenue Board (Establishment) Act.</p>
<p class="isSelectedEnd">The reforms are intended to simplify tax administration, remove overlapping taxes, improve compliance and broaden government revenue. They are also designed to reduce the regulatory and tax burden on smaller businesses.</p>
<p class="isSelectedEnd">However, businesses continue to cite taxation as a major operating challenge. The Central Bank of Nigeria’s July 2026 Business Expectations Survey found that 70.8 per cent of respondents identified high and multiple taxation as their biggest constraint, ahead of insecurity and high interest rates.</p>
<p class="isSelectedEnd">For the housing and construction sectors, the quality of fiscal policy has direct implications. Developers, contractors and property businesses operate within a wider environment shaped by taxation, public infrastructure spending, interest rates and access to finance. Changes that improve tax administration while reducing unnecessary duplication could affect project costs and investment decisions.</p>
<h3>Monetary policy remains a concern</h3>
<p class="isSelectedEnd">The IMF’s call for stronger monetary policy frameworks follows an aggressive tightening cycle by the Central Bank of Nigeria (CBN) in recent years.</p>
<p class="isSelectedEnd">After Olayemi Cardoso became CBN governor in 2023, the bank pursued tighter monetary and liquidity conditions alongside foreign exchange reforms. The measures were aimed at addressing inflationary pressures, strengthening market confidence and improving macroeconomic stability.</p>
<p class="isSelectedEnd">The Monetary Policy Rate stood at 18.75 per cent in 2023 before the CBN began raising it in 2024. The benchmark rate increased to 22.75 per cent in February 2024 and eventually reached 27.5 per cent by the end of that year.</p>
<p class="isSelectedEnd">The CBN also increased banks’ Cash Reserve Ratio from 32.5 per cent to 45 per cent in early 2024 and later to 50 per cent as part of efforts to reduce excess liquidity.</p>
<p class="isSelectedEnd">The policy environment has since moved towards gradual easing as inflationary pressures moderated and economic conditions improved. Presidential aide Tope Fasua has nevertheless argued that the country should reconsider its tight monetary stance, warning that persistently high interest rates could restrict economic expansion without delivering the desired reduction in inflation.</p>
<h3>Financing risks and infrastructure</h3>
<p class="isSelectedEnd">The IMF’s concerns also extend to Nigeria’s approach to sovereign financing. In June, the Fund cautioned the country over plans to raise as much as $5 billion through a derivatives-based financing arrangement with First Abu Dhabi Bank.</p>
<p class="isSelectedEnd">The IMF warned that such structures can expose governments to significant risks because their terms may be difficult to evaluate fully.</p>
<p class="isSelectedEnd">The Federal Government has also secured about $1.2 billion in financing from the United Arab Emirates for construction of a major section of the Lagos–Calabar Coastal Highway.</p>
<p class="isSelectedEnd">Infrastructure financing remains important to Nigeria’s wider development prospects because transport networks and public investment influence access to housing, construction activity, land values and the expansion of urban centres.</p>
<p>For Nigeria, the IMF’s recommendations therefore extend beyond macroeconomic indicators. Stronger public finances, effective monetary policy, transparent governance and disciplined infrastructure financing can shape the operating environment for businesses and determine how effectively public resources support economic and urban development.</p>
<p>The post <a href="https://www.housingtvafrica.com/imf-urges-nigeria-to-deepen-fiscal-monetary-and-governance-reforms/">IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<item>
		<title>Nigeria Ranks 56th Among World’s Poorest Countries in 2026</title>
		<link>https://www.housingtvafrica.com/nigeria-ranks-56th-among-worlds-poorest-countries-in-2026/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=nigeria-ranks-56th-among-worlds-poorest-countries-in-2026</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Tue, 25 Aug 2026 13:50:13 +0000</pubDate>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Affordable Housing]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[African economy]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[GDP per capita]]></category>
		<category><![CDATA[GDP PPP]]></category>
		<category><![CDATA[Global Finance]]></category>
		<category><![CDATA[Housing Affordability]]></category>
		<category><![CDATA[Housing Finance]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Mortgage Finance]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian Economy]]></category>
		<category><![CDATA[poorest countries 2026]]></category>
		<category><![CDATA[purchasing power parity]]></category>
		<category><![CDATA[Real estate Nigeria]]></category>
		<category><![CDATA[Urban Development]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37086</guid>

					<description><![CDATA[<p><img width="1200" height="701" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Tinubu-look-e1785916703993.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Nigeria Ranks 56th Among World’s Poorest Countries in 2026" decoding="async" loading="lazy" /></p>
<p>Nigeria has ranked 56th among the world’s 60 poorest countries in a 2026 ranking by Global Finance magazine. The ranking uses GDP per capita based on purchasing power parity (PPP). Nigeria recorded $9,532.92, placing it close to the upper end of the list. However, Nigeria fell 12 places from its 44th position in the 2025 [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/nigeria-ranks-56th-among-worlds-poorest-countries-in-2026/">Nigeria Ranks 56th Among World’s Poorest Countries in 2026</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="1200" height="701" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Tinubu-look-e1785916703993.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Nigeria Ranks 56th Among World’s Poorest Countries in 2026" decoding="async" loading="lazy" /></p><p class="isSelectedEnd"><strong>Nigeria has ranked 56th among the world’s 60 poorest countries in a 2026 ranking by Global Finance magazine.</strong></p>
<p class="isSelectedEnd">The ranking uses GDP per capita based on purchasing power parity (PPP). Nigeria recorded $9,532.92, placing it close to the upper end of the list.</p>
<p class="isSelectedEnd">However, Nigeria fell 12 places from its 44th position in the 2025 ranking. The decline places the country among several African economies with low GDP-PPP per capita.</p>
<h3>Africa dominates the ranking</h3>
<p class="isSelectedEnd">African countries make up nine of the 10 poorest countries on the 2026 list. Yemen is the only non-African country in the bottom 10.</p>
<p class="isSelectedEnd">Burundi ranks as the poorest country, with GDP per capita of $994.23. The Central African Republic follows with $1,437.72. South Sudan ranks third at $1,467.19.</p>
<p class="isSelectedEnd">Yemen comes fourth with $1,590.19. Mozambique, Malawi, Somalia, Liberia, Madagascar and the Democratic Republic of the Congo complete the bottom 10.</p>
<p class="isSelectedEnd">The ranking uses PPP to compare economic conditions across countries. The measure adjusts for differences in prices, living costs and inflation.</p>
<p class="isSelectedEnd">This provides a different picture from nominal GDP per capita. It focuses more on the amount of goods and services that income can buy within each economy.</p>
<h3>Nigeria ranks above several African economies</h3>
<p class="isSelectedEnd">Nigeria ranks above several African countries on the list. Niger is 11th with $2,108.46, while Sudan ranks 13th with $2,427.43.</p>
<p class="isSelectedEnd">Burkina Faso is 16th with $3,060.34. Lesotho ranks 17th at $3,211.83, followed by Chad and Guinea-Bissau.</p>
<p class="isSelectedEnd">Mali takes 20th place with $3,480.41. Togo ranks 21st, while The Gambia and Sierra Leone occupy the 22nd and 23rd positions.</p>
<p class="isSelectedEnd">Uganda ranks 26th with $3,923.83. Rwanda and Tanzania follow at 29th and 30th.</p>
<p class="isSelectedEnd">Zambia ranks 31st with $4,380.77. Ethiopia follows at 32nd with $4,498.55. Guinea and Benin rank 33rd and 34th respectively.</p>
<p class="isSelectedEnd">Senegal occupies 37th place with $5,440.63. Cameroon follows in 38th position with $5,782.69.</p>
<p class="isSelectedEnd">Kenya ranks 44th with $7,590.60. Zimbabwe is 46th with $7,985.23, while Côte d’Ivoire takes 48th place with $8,165.34.</p>
<p class="isSelectedEnd">Ghana ranks 51st with $8,613.25. Mauritania is 52nd at $8,831.81, while Djibouti ranks 55th with $9,435.70.</p>
<p class="isSelectedEnd">Nigeria comes next at 56th with $9,532.92. Nicaragua ranks 57th with $9,765.25.</p>
<h3>Nigeria’s economic position and housing</h3>
<p class="isSelectedEnd">Nigeria’s ranking also has implications for the housing and real estate sectors.</p>
<p class="isSelectedEnd">Household income affects the ability of families to pay rent, buy land or purchase homes. It also influences demand for mortgages and other forms of housing finance.</p>
<p class="isSelectedEnd">Lower purchasing power can make housing costs harder to manage. It can also limit the number of households that can afford formal housing in major cities.</p>
<p class="isSelectedEnd">The construction sector faces similar pressures. High costs for land, building materials, labour and finance can make new housing more expensive.</p>
<p class="isSelectedEnd">These challenges make affordable housing policies important for Nigeria. Housing programmes must also consider household incomes and access to finance.</p>
<h3>Wider African picture</h3>
<p class="isSelectedEnd">The ranking shows that low-income economies remain heavily concentrated in Africa. Countries across West, East, Central and Southern Africa appear throughout the lower part of the table.</p>
<p class="isSelectedEnd">Angola ranks 59th with $10,274.90. Laos ranks 60th with $10,379.98, placing it at the bottom end of the ranking despite being outside Africa.</p>
<p class="isSelectedEnd">The 2026 figures also show notable changes from the previous ranking. Burundi moved from second place to first, while South Sudan fell from first to third.</p>
<p class="isSelectedEnd">The Democratic Republic of the Congo moved from seventh to 10th. Nigeria recorded one of the more notable changes, falling from 44th to 56th.</p>
<p class="isSelectedEnd">For Nigeria’s housing sector, the figures highlight the link between economic capacity and access to decent housing. Income levels affect homeownership, rent affordability, mortgage access and the ability of households to invest in property.</p>
<p class="isSelectedEnd">The ranking therefore offers more than an economic comparison. It also points to the importance of stronger incomes, affordable housing supply, accessible housing finance and effective infrastructure investment in improving living conditions.</p>
<p>The post <a href="https://www.housingtvafrica.com/nigeria-ranks-56th-among-worlds-poorest-countries-in-2026/">Nigeria Ranks 56th Among World’s Poorest Countries in 2026</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>FHA Holds Nearly N5 Trillion in Property, Oyetunde Ojo Says</title>
		<link>https://www.housingtvafrica.com/fha-holds-nearly-n5-trillion-in-property-oyetunde-ojo-says/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fha-holds-nearly-n5-trillion-in-property-oyetunde-ojo-says</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Tue, 25 Aug 2026 10:16:40 +0000</pubDate>
				<category><![CDATA[Housing News]]></category>
		<category><![CDATA[Abuja housing]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Federal Housing Authority]]></category>
		<category><![CDATA[federal mortgage bank of nigeria]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[FHA property holdings]]></category>
		<category><![CDATA[housing development]]></category>
		<category><![CDATA[Housing Finance]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Karsana housing project]]></category>
		<category><![CDATA[land administration]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[MOFI]]></category>
		<category><![CDATA[Mortgage]]></category>
		<category><![CDATA[MREIF]]></category>
		<category><![CDATA[Nigeria Housing]]></category>
		<category><![CDATA[Oyetunde Ojo]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Renewed Hope Cities and Estates]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37077</guid>

					<description><![CDATA[<p><img width="474" height="316" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/FHA_1782379014.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="FHA Holds Nearly N5 Trillion in Property, Oyetunde Ojo Says" decoding="async" loading="lazy" /></p>
<p>FHA property holdings near N5 trillion The Federal Housing Authority (FHA) holds property worth nearly N5 trillion, its Managing Director and Chief Executive Officer, Oyetunde Ojo, has said. Ojo disclosed this during a media chat broadcast by Arise News TV on Monday. He discussed the authority’s housing projects, property management activities and plans to increase [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/fha-holds-nearly-n5-trillion-in-property-oyetunde-ojo-says/">FHA Holds Nearly N5 Trillion in Property, Oyetunde Ojo Says</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="474" height="316" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/FHA_1782379014.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="FHA Holds Nearly N5 Trillion in Property, Oyetunde Ojo Says" decoding="async" loading="lazy" /></p><h3>FHA property holdings near N5 trillion</h3>
<p class="isSelectedEnd"><strong>The Federal Housing Authority (FHA) holds property worth nearly N5 trillion, its Managing Director and Chief Executive Officer, Oyetunde Ojo, has said.</strong></p>
<p class="isSelectedEnd">Ojo disclosed this during a media chat broadcast by Arise News TV on Monday. He discussed the authority’s housing projects, property management activities and plans to increase housing delivery across Nigeria.</p>
<p class="isSelectedEnd">The FHA manages residential estates and collects ground rent from allottees and occupants. Ojo linked the value of the authority’s property portfolio to those activities.</p>
<p class="isSelectedEnd">“We are in possession of close to about N5 trillion worth of property because we collect ground rent,” Ojo said.</p>
<p class="isSelectedEnd">The figure shows the scale of assets under the FHA as the federal government continues to expand housing development. It also highlights the role of property management alongside the construction of new homes.</p>
<h3>FHA says thousands of homes are ready</h3>
<p class="isSelectedEnd">Ojo said between 10,000 and 15,000 housing units are ready for delivery under the current administration.</p>
<p class="isSelectedEnd">He also said the government is working with private real estate investors to increase housing supply. He pointed to the MOFI Real Estate Investment Fund (MREIF) as one source of capital for private-sector housing projects.</p>
<p>READ ALSO :<a href="https://www.housingtvafrica.com/fha-blames-developer-for-port-harcourt-building-collapse-says-approved-plan-was-altered/">FHA Blames Developer for Port Harcourt Building Collapse, Says Approved Plan Was Altered</a></p>
<p class="isSelectedEnd">According to Ojo, about N200 billion has been released to the Ministry of Finance Incorporated (MOFI) and remains available for private investors to access.</p>
<p class="isSelectedEnd">The use of private capital could help expand housing construction. However, access to finance remains a major issue for developers and homebuyers in Nigeria.</p>
<h3>FHA provides updates on Abuja projects</h3>
<p class="isSelectedEnd">Ojo gave updates on several FHA projects across the country. The developments include housing schemes in Abuja, Ibadan, Lagos, Kano and Cross River State.</p>
<p class="isSelectedEnd">In Ajoda, Ibadan, the FHA has built about 120 housing units. Construction continues on additional units at the site.</p>
<p class="isSelectedEnd">The authority has also delivered 100 housing units in Lugbe, Abuja. In Gwari, nearly 400 units are nearing commissioning.</p>
<p class="isSelectedEnd">Ojo said the Gwari project did not receive funding from the Federation Account. He also disclosed that the FHA built 1,550 housing units for the Nigerian Army in Jibi, Abuja, in less than a year.</p>
<p class="isSelectedEnd">The units are expected to receive commissioning soon.</p>
<h3>Karsana project targets 3,112 units</h3>
<p class="isSelectedEnd">The Karsana housing development in Abuja remains one of the major projects under the federal government’s Renewed Hope Cities and Estates Programme.</p>
<p class="isSelectedEnd">The project covers 3,112 housing units. Ojo said the first phase, which contains about 2,000 units, should receive commissioning soon.</p>
<p class="isSelectedEnd">FCT Minister Nyesom Wike is also constructing roads around Karsana. The road works should improve access to the housing development and surrounding areas.</p>
<p class="isSelectedEnd">The government launched construction of the Karsana project in February 2024. Since then, it has started several Renewed Hope housing projects in different parts of Nigeria.</p>
<h3>Projects expand beyond Abuja</h3>
<p class="isSelectedEnd">The FHA is also advancing projects outside the Federal Capital Territory.</p>
<p class="isSelectedEnd">Ojo said between 500 and 600 housing units in Kano should soon receive commissioning by the Ministry of Housing and Urban Development. He added that about 500 units in Lagos are also nearing completion.</p>
<p class="isSelectedEnd">The authority has started groundbreaking work on projects in several states. One of them is located in Odukpani, Cross River State, where the FHA expects to commission the development soon.</p>
<p class="isSelectedEnd">The federal government has also started a 250-unit housing project for federal civil servants in Dukpa, Gwagwalada, Abuja. The scheme includes two- and three-bedroom bungalows.</p>
<p class="isSelectedEnd">The new project will add to 350 units already delivered through the Federal Integrated Staff Housing Programme. Together, the two schemes will provide 600 units.</p>
<h3>Housing finance remains a major challenge</h3>
<p class="isSelectedEnd">The government’s housing plans come as Nigeria continues to face problems with housing finance, land administration and consumer protection.</p>
<p class="isSelectedEnd">The Federal Mortgage Bank of Nigeria is also preparing to complete 962 housing units in Abuja. The project involves the Kaba District housing scheme, which the bank recovered after an alleged diversion of a $65 million loan used to finance it.</p>
<p class="isSelectedEnd">The government has proposed further reforms to address weaknesses in the housing market. These include a proposed National Housing Finance Authority and reforms to expand access to housing finance for informal-sector workers.</p>
<p class="isSelectedEnd">Another proposed policy, the National Housing and Built Environment Regulation Policy, would introduce measures such as developer licensing and escrow protection for buyers.</p>
<h3>What the FHA disclosure means</h3>
<p class="isSelectedEnd">The FHA’s property portfolio and its ongoing projects show the size of the federal government’s role in Nigeria’s housing market.</p>
<p class="isSelectedEnd">However, increasing the number of homes alone will not solve the country’s housing challenges. Buyers also need access to finance, reliable infrastructure, secure land titles and stronger protection in property transactions.</p>
<p>The success of current housing programmes will therefore depend on both construction and the systems that support housing delivery, financing, regulation and long-term property management.</p>
<p>The post <a href="https://www.housingtvafrica.com/fha-holds-nearly-n5-trillion-in-property-oyetunde-ojo-says/">FHA Holds Nearly N5 Trillion in Property, Oyetunde Ojo Says</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>Wike Orders Demolition of 30 Buildings Blocking Abuja Ring Road 3</title>
		<link>https://www.housingtvafrica.com/wike-orders-demolition-of-30-buildings-blocking-abuja-ring-road-3/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=wike-orders-demolition-of-30-buildings-blocking-abuja-ring-road-3</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Thu, 20 Aug 2026 21:21:10 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Abuja]]></category>
		<category><![CDATA[Abuja Master Plan]]></category>
		<category><![CDATA[Abuja Ring Road 3]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Department of Development Control]]></category>
		<category><![CDATA[FCDA]]></category>
		<category><![CDATA[FCT]]></category>
		<category><![CDATA[Federal Capital Territory]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Infrastructure Development]]></category>
		<category><![CDATA[land administration]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Nyesom Wike]]></category>
		<category><![CDATA[property development]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Richard Dauda]]></category>
		<category><![CDATA[Ring Road 3]]></category>
		<category><![CDATA[Urban Planning]]></category>
		<category><![CDATA[Wike]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=37010</guid>

					<description><![CDATA[<p><img width="960" height="640" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Nyesom-Wike_1782223817-960x640-1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Wike Orders Demolition of 30 Buildings Blocking Abuja Ring Road 3" decoding="async" loading="lazy" /></p>
<p>The Minister of the Federal Capital Territory, Nyesom Wike, has ordered the immediate demolition of about 30 buildings blocking the Right of Way of Abuja’s Ring Road 3. Wike gave the order on Thursday during an inspection of road projects linking Karsana District, Gwarinpa and the Kubwa axis. The affected buildings sit within the corridor [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/wike-orders-demolition-of-30-buildings-blocking-abuja-ring-road-3/">Wike Orders Demolition of 30 Buildings Blocking Abuja Ring Road 3</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="960" height="640" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Nyesom-Wike_1782223817-960x640-1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Wike Orders Demolition of 30 Buildings Blocking Abuja Ring Road 3" decoding="async" loading="lazy" /></p><p class="isSelectedEnd"><strong>The Minister of the Federal Capital Territory, Nyesom Wike, has ordered the immediate demolition of about 30 buildings blocking the Right of Way of Abuja’s Ring Road 3.</strong></p>
<p class="isSelectedEnd">Wike gave the order on Thursday during an inspection of road projects linking Karsana District, Gwarinpa and the Kubwa axis.</p>
<p class="isSelectedEnd">The affected buildings sit within the corridor reserved for Ring Road 3 and its planned interchange. The area forms part of the infrastructure network covered by the Abuja Master Plan.</p>
<h3>Wike Orders Immediate Action</h3>
<p class="isSelectedEnd">The Acting Executive Secretary of the Federal Capital Development Authority (FCDA), Richard Dauda, drew Wike’s attention to the structures during the inspection.</p>
<p class="isSelectedEnd">Dauda told the minister that the buildings occupy land reserved for the Ring Road 3 project. Wike then called officials of the Department of Development Control to the site.</p>
<p class="isSelectedEnd">The minister ordered the officials to remove the structures without delay. He also questioned how developers had managed to build within a major road and interchange corridor.</p>
<p class="isSelectedEnd">Wike said the government could not allow private buildings to obstruct important public infrastructure.</p>
<h3>Ring Road 3 Project Links Major Areas</h3>
<p class="isSelectedEnd">The Ring Road 3 project forms part of Abuja’s wider road network. The route will connect Karsana District with the Kubwa Road corridor, also known as the Outer Northern Expressway (ONEX).</p>
<p class="isSelectedEnd">According to Dauda, the road will also extend towards Airport Road. A planned flyover will connect with the Ring Road 3 alignment as part of the project.</p>
<p class="isSelectedEnd">Dauda said construction of the second bridge on the corridor has also moved forward. He noted that workers had started the foundation despite the rocky terrain at the site.</p>
<p class="isSelectedEnd">The project team expects bridge construction to continue while work progresses on the wider road corridor.</p>
<h3>Development Control Concerns</h3>
<p class="isSelectedEnd">The discovery of buildings along the road corridor has raised fresh concerns about development control in the Federal Capital Territory.</p>
<p class="isSelectedEnd">Abuja relies on planned land use to protect space for roads, public facilities and other infrastructure. When private developments enter these areas, they can create problems for transport projects and urban planning.</p>
<p class="isSelectedEnd">The situation also carries risks for property buyers and developers. Investors who purchase or develop land without checking approved land use may face disputes, demolition or financial losses.</p>
<p class="isSelectedEnd">For this reason, property developers need to confirm land titles, planning approvals and Right of Way restrictions before starting construction.</p>
<h3>Protecting the Abuja Master Plan</h3>
<p class="isSelectedEnd">The FCT Administration has continued to stress the importance of enforcing the Abuja Master Plan. The plan provides a framework for land use and infrastructure development across the capital.</p>
<p class="isSelectedEnd">Wike’s directive shows that the administration intends to prevent buildings from blocking planned road projects. It also places renewed attention on the role of development control officials in monitoring construction.</p>
<p class="isSelectedEnd">The immediate removal of the affected buildings will clear the Ring Road 3 corridor for ongoing construction and interchange works.</p>
<p>The development highlights a wider issue facing fast-growing cities: the need to balance private property development with long-term infrastructure planning. Stronger land checks and effective development control can help reduce conflicts between property owners and major public projects.</p>
<p>The post <a href="https://www.housingtvafrica.com/wike-orders-demolition-of-30-buildings-blocking-abuja-ring-road-3/">Wike Orders Demolition of 30 Buildings Blocking Abuja Ring Road 3</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings</title>
		<link>https://www.housingtvafrica.com/tinubu-govt-reveals-breakdown-of-n15-8trn-fuel-subsidy-savings/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tinubu-govt-reveals-breakdown-of-n15-8trn-fuel-subsidy-savings</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Wed, 19 Aug 2026 14:17:10 +0000</pubDate>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Bola Ahmed Tinubu]]></category>
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		<category><![CDATA[Debt Servicing]]></category>
		<category><![CDATA[Federal Government]]></category>
		<category><![CDATA[Federation Account]]></category>
		<category><![CDATA[fuel subsidy]]></category>
		<category><![CDATA[fuel subsidy removal]]></category>
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		<category><![CDATA[Infrastructure Development]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[N15.8 Trillion]]></category>
		<category><![CDATA[Nigeria economy]]></category>
		<category><![CDATA[Nigeria infrastructure]]></category>
		<category><![CDATA[public spending]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Taiwo Oyedele]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=36968</guid>

					<description><![CDATA[<p><img width="1080" height="720" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/IMG-20250314-WA0019.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings" decoding="async" loading="lazy" /></p>
<p>The Federal Government has explained how it shared N15.8 trillion in savings from fuel subsidy removal over the past three years. Finance Minister Taiwo Oyedele gave the figures at a press conference on Wednesday. He explained how the subsidy reform affected government finances and the Federation Account. According to Oyedele, the government saved N15.8 trillion [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/tinubu-govt-reveals-breakdown-of-n15-8trn-fuel-subsidy-savings/">Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="1080" height="720" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/IMG-20250314-WA0019.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings" decoding="async" loading="lazy" /></p><p class="isSelectedEnd"><strong>The Federal Government has explained how it shared N15.8 trillion in savings from fuel subsidy removal over the past three years.</strong></p>
<p class="isSelectedEnd">Finance Minister Taiwo Oyedele gave the figures at a press conference on Wednesday. He explained how the subsidy reform affected government finances and the Federation Account.</p>
<p class="isSelectedEnd">According to Oyedele, the government saved N15.8 trillion after removing the fuel subsidy. The Federal Government, states and local governments shared the funds.</p>
<p class="isSelectedEnd">The Federal Government received N5.43 trillion from the savings. State governments received N6.52 trillion, while local governments received N3.88 trillion.</p>
<p class="isSelectedEnd">Oyedele said the savings did not create one large cash reserve for the Federal Government. Instead, the reform reduced the cost of maintaining the fuel subsidy.</p>
<h2>Government Records Additional Revenue</h2>
<p class="isSelectedEnd">The finance minister also disclosed other financial gains from the reforms.</p>
<p class="isSelectedEnd">The government generated N3.12 trillion in additional revenue during the period. It also recorded N11.85 trillion in additional borrowing.</p>
<p class="isSelectedEnd">Together, these sources gave the Federal Government about N20.4 trillion in additional resources.</p>
<p>READ ALSO :<a href="https://www.housingtvafrica.com/fuel-prices-set-to-stay-high-as-downstream-market-battles/">Fuel Prices Set to Stay High as Downstream Market Battles</a></p>
<p class="isSelectedEnd">However, government spending also increased during the same period. Oyedele said the Federal Government spent about N30.64 trillion on additional expenditures.</p>
<p class="isSelectedEnd">The figures show that subsidy removal did not leave the government with a large surplus. Instead, the reform helped reduce the pressure on government finances.</p>
<p class="isSelectedEnd">Oyedele said the government would have needed more borrowing without the savings from subsidy removal.</p>
<h2>Where the Government Spent the Money</h2>
<p class="isSelectedEnd">The government directed the additional spending towards several areas.</p>
<p class="isSelectedEnd">Wage adjustments accounted for N9.39 trillion. The government also spent N9.37 trillion on external debt servicing.</p>
<p class="isSelectedEnd">Infrastructure received N6.47 trillion during the period. The government also spent N3.14 trillion on electricity subsidies.</p>
<p class="isSelectedEnd">These figures show the scale of the demands on Nigeria’s public finances. The government must fund wages, debt payments, infrastructure and other public services at the same time.</p>
<h2>Impact on Housing and Infrastructure</h2>
<p class="isSelectedEnd">The figures also matter to Nigeria’s housing and construction sectors.</p>
<p class="isSelectedEnd">Government revenue plays an important role in infrastructure development. Roads, electricity, water supply and other public services support housing projects and urban growth.</p>
<p class="isSelectedEnd">Higher public spending on infrastructure can improve access to new housing areas. It can also support the growth of real estate markets when better roads and public services connect new developments to major cities.</p>
<p class="isSelectedEnd">However, rising costs remain a major concern for the construction industry. Higher energy, transport and material costs can increase the cost of building homes.</p>
<p class="isSelectedEnd">Developers also face higher financing costs when interest rates and other economic pressures rise. These factors can make affordable housing more difficult for many Nigerians to access.</p>
<h2>Tinubu&#8217;s Economic Reforms</h2>
<p class="isSelectedEnd">President Bola Ahmed Tinubu announced the removal of the petrol subsidy in May 2023. His administration also liberalised the foreign exchange market in June 2023.</p>
<p class="isSelectedEnd">Both reforms changed the cost of fuel and the value of the naira. Petrol prices rose sharply after the subsidy ended, while the naira experienced major fluctuations.</p>
<p class="isSelectedEnd">The reforms have since affected households, businesses and government finances.</p>
<p class="isSelectedEnd">The latest figures provide more detail on the financial impact of the subsidy decision. They also show how the government has used additional resources while managing rising spending needs.</p>
<p class="isSelectedEnd">For Nigeria’s housing and infrastructure sectors, the allocation of public funds remains important. Government investment can support infrastructure that makes housing development possible.</p>
<p class="isSelectedEnd">At the same time, the government must balance infrastructure needs with debt payments, wages and other financial obligations.</p>
<p>The N15.8 trillion breakdown therefore offers a clearer picture of the fiscal impact of fuel subsidy removal. It also highlights the financial pressures facing the government as it funds infrastructure and other public needs.</p>
<p>The post <a href="https://www.housingtvafrica.com/tinubu-govt-reveals-breakdown-of-n15-8trn-fuel-subsidy-savings/">Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>Several Feared Killed in Plateau Attack as Mangu Faces Fresh Violence</title>
		<link>https://www.housingtvafrica.com/plateau-attack-mangu-aper-village-several-feared-killed/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=plateau-attack-mangu-aper-village-several-feared-killed</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Tue, 18 Aug 2026 12:37:14 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Alfred Alabo]]></category>
		<category><![CDATA[Aper Village]]></category>
		<category><![CDATA[community violence]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[displacement]]></category>
		<category><![CDATA[housing security]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[land administration]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Mangu attack]]></category>
		<category><![CDATA[Nigeria security]]></category>
		<category><![CDATA[Plateau attack]]></category>
		<category><![CDATA[Plateau Police Command]]></category>
		<category><![CDATA[Plateau State]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Urban Development]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=36941</guid>

					<description><![CDATA[<p><img width="600" height="330" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/communal-clashes-plateau.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Several Feared Killed in Plateau Attack as Mangu Faces Fresh Violence" decoding="async" loading="lazy" /></p>
<p>Several people, including women and children, are feared dead after an attack on Aper Village in Mangu Local Government Area of Plateau State. Local sources said the attackers struck the community in the early hours of Tuesday. Several other residents are also reportedly missing. The incident marks the third attack recorded in Mangu within the [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/plateau-attack-mangu-aper-village-several-feared-killed/">Several Feared Killed in Plateau Attack as Mangu Faces Fresh Violence</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="600" height="330" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/communal-clashes-plateau.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Several Feared Killed in Plateau Attack as Mangu Faces Fresh Violence" decoding="async" loading="lazy" /></p><p class="isSelectedEnd">Several people, including women and children, are feared dead after an attack on Aper Village in Mangu Local Government Area of Plateau State.</p>
<p class="isSelectedEnd">Local sources said the attackers struck the community in the early hours of Tuesday. Several other residents are also reportedly missing.</p>
<p class="isSelectedEnd">The incident marks the third attack recorded in Mangu within the past week. The latest violence has renewed concerns about the safety of residents in the area.</p>
<h2>Police Yet to Confirm Casualties</h2>
<p class="isSelectedEnd">The Plateau State Police Command said it had not received full details of the incident.</p>
<p class="isSelectedEnd">The command&#8217;s Public Relations Officer, Alfred Alabo, said he did not have information on the latest attack. He, however, promised to provide updates when the command receives more details.</p>
<p class="isSelectedEnd">The number of people killed or missing remains unclear. Authorities have also not confirmed who carried out the attack.</p>
<p class="isSelectedEnd">The latest incident follows another attack in the area. Local sources said one person was shot during the previous incident.</p>
<h2>Security Concerns Grow in Mangu</h2>
<p class="isSelectedEnd">The repeated attacks have increased concerns among residents and community leaders. They also raise questions about the safety of homes, businesses and public facilities in affected communities.</p>
<p class="isSelectedEnd">Insecurity can disrupt normal life in several ways. Families may leave their homes for safer locations. Businesses may also struggle to operate when residents fear further attacks.</p>
<p class="isSelectedEnd">Schools, health centres, roads and other public facilities can also face disruption when violence affects a community.</p>
<h2>Impact on Housing and Infrastructure</h2>
<p class="isSelectedEnd">The security situation also has implications for housing and property development.</p>
<p class="isSelectedEnd">Developers need a stable environment to build and manage housing projects. Contractors also need safe access to construction sites and materials.</p>
<p class="isSelectedEnd">Repeated violence can make some areas less attractive to property investors. It can also affect demand for homes and commercial properties when residents move to safer communities.</p>
<p class="isSelectedEnd">Displacement creates another challenge. Families who leave affected areas may need temporary or permanent accommodation elsewhere. This can put additional pressure on housing and basic infrastructure in receiving communities.</p>
<p class="isSelectedEnd">Urban planners and government agencies may also face challenges when population movements happen suddenly. Roads, water supply, sanitation and other services may come under pressure when communities receive displaced residents.</p>
<h2>Need for Verified Information</h2>
<p class="isSelectedEnd">The full circumstances surrounding the Aper Village attack remain unclear.</p>
<p class="isSelectedEnd">The Plateau Police Command is expected to provide more information as it receives reports from the area. Such updates will help establish the number of casualties, the number of missing persons and other details of the incident.</p>
<p class="isSelectedEnd">For residents of Mangu, the immediate concern remains safety and the protection of lives and property.</p>
<p>The latest attack also highlights how insecurity can affect more than personal safety. Repeated violence can disrupt homes, livelihoods, construction activity and infrastructure development. Maintaining security therefore remains important to the stability and development of affected communities in Plateau State.</p>
<p>The post <a href="https://www.housingtvafrica.com/plateau-attack-mangu-aper-village-several-feared-killed/">Several Feared Killed in Plateau Attack as Mangu Faces Fresh Violence</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>Kano Commits N996.29bn to 1,557 Projects Across 44 LGAs</title>
		<link>https://www.housingtvafrica.com/kano-n996bn-projects-housing-infrastructure/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=kano-n996bn-projects-housing-infrastructure</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Tue, 18 Aug 2026 10:36:18 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Abba Kabir Yusuf]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[housing development]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[Infrastructure Development]]></category>
		<category><![CDATA[Kano housing]]></category>
		<category><![CDATA[Kano Projects]]></category>
		<category><![CDATA[Kano state]]></category>
		<category><![CDATA[Kano State Government]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[Mass Housing]]></category>
		<category><![CDATA[N996.29bn projects]]></category>
		<category><![CDATA[Nigeria Housing]]></category>
		<category><![CDATA[Nura Maaji Sumaila]]></category>
		<category><![CDATA[public procurement]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Rural Model City]]></category>
		<category><![CDATA[Urban Development]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=36936</guid>

					<description><![CDATA[<p><img width="1024" height="570" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Abba-Yusuf.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Kano Commits N996.29bn to 1,557 Projects Across 44 LGAs" decoding="async" loading="lazy" /></p>
<p>The Kano State Government says it has committed N996.29bn to 1,557 projects across the state’s 44 local government areas. The spending covers almost three years of Governor Abba Kabir Yusuf’s administration. It includes housing, roads, urban infrastructure and other development projects. The Commissioner for Public Procurement, Projects Monitoring and Evaluation, Nura Maaji Sumaila, disclosed the [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/kano-n996bn-projects-housing-infrastructure/">Kano Commits N996.29bn to 1,557 Projects Across 44 LGAs</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="1024" height="570" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/Abba-Yusuf.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Kano Commits N996.29bn to 1,557 Projects Across 44 LGAs" decoding="async" loading="lazy" /></p><p class="isSelectedEnd">The <strong>Kano State Government</strong> says it has committed <strong>N996.29bn to 1,557 projects</strong> across the state’s 44 local government areas.</p>
<p class="isSelectedEnd">The spending covers almost three years of Governor <strong>Abba Kabir Yusuf’s administration</strong>. It includes housing, roads, urban infrastructure and other development projects.</p>
<p class="isSelectedEnd">The Commissioner for Public Procurement, Projects Monitoring and Evaluation, <strong>Nura Maaji Sumaila</strong>, disclosed the figures on Sunday.</p>
<p class="isSelectedEnd">He spoke during an international press briefing on project delivery, procurement compliance and government spending.</p>
<h3>867 Projects Completed</h3>
<p class="isSelectedEnd">Sumaila said the state has completed <strong>867 projects</strong>, which represents 55.68 per cent of the total.</p>
<p class="isSelectedEnd">Another <strong>654 projects</strong>, or about 42 per cent, remain under construction. The state has also moved 26 projects to the award stage.</p>
<p class="isSelectedEnd">Ten additional projects have reached the planning stage and are ready for award.</p>
<p class="isSelectedEnd">The figures show the size of Kano’s current public investment programme. They also highlight the state’s focus on infrastructure and development across both urban and rural communities.</p>
<h3>Kano Tracks Project Payments</h3>
<p class="isSelectedEnd">The commissioner said projects worth <strong>N695.20bn</strong> had received Certificates of No Objection.</p>
<p class="isSelectedEnd">The ministry had also vetted payment certificates worth <strong>N444.75bn</strong>.</p>
<p class="isSelectedEnd">The approved certificates represent 69.78 per cent of the total contract value. Vetted payments account for 44.64 per cent.</p>
<p class="isSelectedEnd">Sumaila said the ministry would continue to monitor projects. The goal is to ensure that public spending delivers value to residents.</p>
<h3>Rural Areas Receive N287.90bn</h3>
<p class="isSelectedEnd">Kano has spread its project investments across metropolitan and rural areas.</p>
<p class="isSelectedEnd">According to the commissioner, the eight metropolitan local government areas have <strong>598 projects worth N299.36bn</strong>.</p>
<p class="isSelectedEnd">The state’s 36 rural LGAs account for <strong>653 projects valued at N287.90bn</strong>.</p>
<p class="isSelectedEnd">Rural development therefore forms a major part of the state’s investment plan. The projects cover infrastructure and other developments across communities outside the metropolitan areas.</p>
<p class="isSelectedEnd">The state also has <strong>37 cross-cutting projects worth N159.50bn</strong>. These projects cover more than one local government area.</p>
<p class="isSelectedEnd">Another <strong>269 statewide and other projects account for N249.54bn</strong>.</p>
<h3>Housing Projects Take Centre Stage</h3>
<p class="isSelectedEnd">Housing represents one of the largest components of the investment programme.</p>
<p class="isSelectedEnd">The commissioner listed the <strong>N113.19bn mass housing project at Rijiyar Gwangwan in Dawakin Kudu</strong> among the major projects.</p>
<p class="isSelectedEnd">He also identified the <strong>N22bn Rural Model City housing project</strong>. The project covers all 36 rural local government areas.</p>
<p class="isSelectedEnd">Other major investments include the <strong>N24.77bn Katsina Road expansion</strong>. The project covers parts of Fagge and Dala.</p>
<p class="isSelectedEnd">The state is also implementing <strong>N21.90bn in Modern Cities infrastructure</strong> across Dawakin Kudu, Dawakin Tofa and Kumbotso.</p>
<p class="isSelectedEnd">Another major project is the <strong>N27.74bn Madobi-Yako-Kafin Maiyaki/Kiru Road project</strong>.</p>
<h3>Infrastructure Supports Housing Growth</h3>
<p class="isSelectedEnd">The scale of Kano’s spending has implications for the housing and construction sectors.</p>
<p class="isSelectedEnd">Housing developments need roads, transport links, electricity and other basic infrastructure. Better connections can also improve access to new residential communities.</p>
<p class="isSelectedEnd">The Rural Model City and mass housing projects show the link between housing development and wider infrastructure planning.</p>
<p class="isSelectedEnd">Road projects can also support the growth of communities around new housing developments. They can improve movement between residential areas, commercial centres and other parts of the state.</p>
<h3>Focus on Project Monitoring</h3>
<p class="isSelectedEnd">Sumaila said the government must assess projects based on their size and reach.</p>
<p class="isSelectedEnd">Some major projects serve several communities and local government areas. Counting them as separate projects in each LGA could therefore create inaccurate figures.</p>
<p class="isSelectedEnd">The commissioner said the state’s monitoring system aims to provide a clearer picture of project delivery and public spending.</p>
<p>Kano’s N996.29bn project programme places housing, roads and infrastructure at the centre of its development plans. The completion of these projects will remain important to the state’s efforts to expand urban infrastructure and improve development across its metropolitan and rural communities.</p>
<p>The post <a href="https://www.housingtvafrica.com/kano-n996bn-projects-housing-infrastructure/">Kano Commits N996.29bn to 1,557 Projects Across 44 LGAs</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>EFCC Urges LASRERA to Tighten Oversight, Denylist Fraudulent Estate Agents</title>
		<link>https://www.housingtvafrica.com/efcc-urges-lasrera-to-tighten-oversight-denylist-fraudulent-estate-agents/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=efcc-urges-lasrera-to-tighten-oversight-denylist-fraudulent-estate-agents</link>
		
		<dc:creator><![CDATA[bethel innocent]]></dc:creator>
		<pubDate>Tue, 04 Aug 2026 07:35:36 +0000</pubDate>
				<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Abdulhafis Gbolahan Toriola]]></category>
		<category><![CDATA[Affordable Housing]]></category>
		<category><![CDATA[Bawa Usman Kaltungo]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[consumer protection]]></category>
		<category><![CDATA[EFCC]]></category>
		<category><![CDATA[Estate Agents]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Housing devlopment]]></category>
		<category><![CDATA[housing regulation]]></category>
		<category><![CDATA[HousingTVAfrica]]></category>
		<category><![CDATA[Lagos real estate]]></category>
		<category><![CDATA[Lagos State Ministry of Housing]]></category>
		<category><![CDATA[LASRERA]]></category>
		<category><![CDATA[Nigeria Housing]]></category>
		<category><![CDATA[property fraud]]></category>
		<category><![CDATA[property market 2026]]></category>
		<category><![CDATA[property news]]></category>
		<category><![CDATA[real estate investment]]></category>
		<category><![CDATA[real estate news]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=36726</guid>

					<description><![CDATA[<p><img width="2560" height="1397" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/IMG_4654-1-scaled-1.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="EFCC Urges LASRERA to Tighten Oversight, Denylist Fraudulent Estate Agents" decoding="async" loading="lazy" /></p>
<p>The Economic and Financial Crimes Commission (EFCC) has urged the Lagos State Real Estate Regulatory Authority (LASRERA) to strengthen enforcement against fraudulent estate agents. The anti-graft agency also advised the regulator to create a denylist for individuals and companies found guilty of real estate fraud. The recommendation came during a meeting between the Acting Zonal [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/efcc-urges-lasrera-to-tighten-oversight-denylist-fraudulent-estate-agents/">EFCC Urges LASRERA to Tighten Oversight, Denylist Fraudulent Estate Agents</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="2560" height="1397" src="https://www.housingtvafrica.com/wp-content/uploads/2026/08/IMG_4654-1-scaled-1.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="EFCC Urges LASRERA to Tighten Oversight, Denylist Fraudulent Estate Agents" decoding="async" loading="lazy" /></p><p class="isSelectedEnd">The <a href="https://www.housingtvafrica.com/lagos-partners-efcc-to-curb-real-estate-fraud/">Economic and Financial Crimes Commission</a> (EFCC) has urged the <a href="https://www.housingtvafrica.com/lagos-govt-proposes-new-law-to-control-rent-and-estate-agency-fees/">Lagos State Real Estate Regulatory Authority</a> (LASRERA) to strengthen enforcement against fraudulent estate agents. The anti-graft agency also advised the regulator to create a <strong>denylist</strong> for individuals and companies found guilty of real estate fraud.</p>
<p class="isSelectedEnd">The recommendation came during a meeting between the Acting Zonal Director of EFCC Lagos Zonal Directorate II, ACE I Bawa Usman Kaltungo, and the Permanent Secretary of the Lagos State Ministry of Housing, Engineer Abdulhafis Gbolahan Toriola. Senior officials from LASRERA also attended the meeting.</p>
<p class="isSelectedEnd">Kaltungo said stronger regulation would help protect homebuyers, investors and property developers. He also called for regular information sharing between both agencies to improve investigations and enforcement.</p>
<h2>EFCC Offers Investigative Support</h2>
<p class="isSelectedEnd">The EFCC said it will continue to support LASRERA with investigations into fraudulent property transactions. Kaltungo explained that closer cooperation would help identify offenders faster and ensure they face prosecution under the law.</p>
<p class="isSelectedEnd">He also praised LASRERA for implementing the Lagos State Real Estate Regulatory Authority Law 2022. According to him, the law has created a stronger foundation for regulating the real estate industry in Lagos.</p>
<p class="isSelectedEnd">The commission disclosed that it is handling several cases involving alleged fake estate agents and property-related fraud. These cases involve individuals and organisations accused of misleading members of the public through illegal real estate transactions.</p>
<h2>Lagos Reaffirms Commitment to Transparency</h2>
<p class="isSelectedEnd">Engineer Abdulhafis Gbolahan Toriola said the Lagos State Government remains committed to promoting transparency, accountability and professionalism in the property market.</p>
<p class="isSelectedEnd">He noted that stronger collaboration with the EFCC would improve compliance with existing regulations. He added that the partnership would also increase public confidence in buying, selling and investing in property across the state.</p>
<p class="isSelectedEnd">Both organisations agreed to deepen their cooperation as part of efforts to reduce criminal activities within the real estate sector.</p>
<h2>Why Stronger Regulation Matters</h2>
<p class="isSelectedEnd">Property fraud remains a major challenge in Nigeria&#8217;s housing sector. Many buyers lose money through fake land sales, forged documents, multiple sales of the same property and unregistered estate operators.</p>
<p class="isSelectedEnd">These practices weaken investor confidence and slow the growth of the housing market. They also create risks for mortgage lenders, developers and genuine estate professionals.</p>
<p class="isSelectedEnd">Industry experts have consistently argued that stronger regulation can improve transparency and attract more investment into Nigeria&#8217;s real estate sector. Better enforcement can also encourage responsible housing development and strengthen consumer protection.</p>
<p>As Lagos continues to expand, effective regulation will play an important role in creating a safer property market. Closer cooperation between regulators and law enforcement agencies could help reduce fraud and improve confidence in real estate transactions across the state.</p>
<p>The post <a href="https://www.housingtvafrica.com/efcc-urges-lasrera-to-tighten-oversight-denylist-fraudulent-estate-agents/">EFCC Urges LASRERA to Tighten Oversight, Denylist Fraudulent Estate Agents</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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