Tag: housingnewsnigeria

The Lagos State government has approved an ambitious N3.366 trillion budget for 2025, with 62% of the funds earmarked for infrastructure development.

How Lagos’ Infrastructure-Driven 2025 Budget Could Shape Housing Opportunities

The Lagos State government has approved an ambitious N3.366 trillion budget for…

housingtv January 14, 2025

As of December 31, 2024, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has signed 5,481 Certificates of Occupancy (C-of-O)

Wike signs 5,481 C-of-O in 1yr, FCT land allottees now get title documents in 2 weeks

As of December 31, 2024, the Minister of the Federal Capital Territory…

housingtv January 14, 2025

Petrol prices are expected to increase following a rise in the prices set by depot owners.

Petrol Prices Likely to Rise as Depot Owners Increase Price to N950/litre

Petrol prices are expected to increase following a rise in the prices…

housingtv January 14, 2025

The housing sector in Nigeria remains pivotal in the nation's economic and social landscape, directly impacting millions of lives.

Arc. Musa Sada, Housing TV Africa on the Future of Housing in Nigeria

… highlights Progress, Challenges, and Opportunities in 2025 … As Nigeria's Housing…

Folorunsho Adegoke January 14, 2025

Gov Makinde Vows to Prosecute Bribe-Taking Chiefs in Alaafin Selection

Governor Seyi Makinde has pledged to prosecute any chief or individual found…

housingtv January 13, 2025

Port Harcourt, Maiduguri, Lagos Among Nigeria’s Most Dangerous Cities – SBM Report

Port Harcourt, Maiduguri, Lagos Among Nigeria’s Most Dangerous Cities – SBM Report

A report by SBM Intelligence, a research and analysis firm, has identified…

housingtv January 13, 2025

Real estate firm Rentmates has raised concerns about the growing difficulty young professionals face in accessing affordable housing in Nigeria’s urban centres, particularly in Lagos. Speaking to journalists in Lagos, Co-founder Ruth Olorunfemi noted that many young workers are burdened by high rent costs, often spending over 30 percent of their income on housing. This, she said, leaves little room for essential needs like savings, investment, and personal development. "Finding affordable housing in Lagos is a daunting challenge for most young professionals," Olorunfemi said. "The city’s fast-growing population and limited housing stock are making things worse. That’s why Rentmates is focused on bridging this gap." Rentmates, described as a next-generation real estate agency, offers rent financing solutions that allow tenants to spread payments over time. According to Olorunfemi, this approach has significantly reduced financial strain, giving clients the ability to manage rent alongside other life expenses. Over the past four years, the company has built a portfolio of affordable and quality housing options, ranging from apartments to shared accommodations. In addition to flexible payment plans, Rentmates also offers personalized housing support—guiding clients through market options and connecting them with tailored financial solutions. Olorunfemi added that Rentmates’ mission aligns with the broader goal of boosting economic participation by enabling young Nigerians to live more sustainably. “By making rent affordable and predictable, we’re helping young professionals focus on their careers, build businesses, and plan for the future,” she said. With the cost of urban housing continuing to rise, the company reiterated its commitment to expanding its model to other major Nigerian cities and fostering a more inclusive housing system for emerging professionals.

5 Reasons Why Housing is Unaffordable

The right to adequate housing is a human right recognized in international…

housingtv January 13, 2025

Hundreds of residents in Ifa Ikot Okpon, a community in Uyo Local Government Area of Akwa Ibom State, have been left homeless following the demolition of 182 buildings

Ifa Ikot Okpon Community Takes Akwa Ibom Government to Court Over Demolitions

Hundreds of residents in Ifa Ikot Okpon, a community in Uyo Local…

housingtv January 13, 2025

The Federal Fire Service (FFS) has disclosed that over 100 lives were lost to fire outbreaks in 2024, alongside an estimated property loss of N67.1 billion.

Over 100 Lives Lost to Fires in 2024, Says Federal Fire Service

The Federal Fire Service (FFS) has disclosed that over 100 lives were…

housingtv January 13, 2025

The Borno State government has lauded the Geographic Information Service (BOGIS) for its innovative reforms in land

Borno Issues 2,500 CofOs in Five Years, Surpassing Two Decades’ Record

The Borno State government has lauded the Geographic Information Service (BOGIS) for…

housingtv January 13, 2025