The Federal Ministry of Housing and Urban Development will collaborate with the German Development Cooperation to pilot a Green Mortgage Scheme in Nigeria. This was revealed by the Minister of Housing, Ahmed Dangiwa, during a meeting with GIZ officials in Abuja recently.“We see strong potential to adapt a similar green mortgage model within the Federal Mortgage Bank of Nigeria under the National Housing...
The Lagos State Government has revealed that the administration of Governor Babajide Sanwo-Olu will deliver a total of 14,022 home units to Lagosians upon completion.The Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this recently at the ministerial press briefing marking Governor Babajide Sanwo-Olu’s second year in office. “The administration in June 2024 delivered and...
Ministry of Housing and Urban Development has taken delivery of the 753 Housing Units Abuja housing estate of former Central Bank Governor, Godwin Emefiele recovered by the Economic and Financial Crimes Commission (EFCC). The Executive Chairman of EFCC, Mr. Olanipekun Olukoyede handed over the housing estate to the Minister of Housing and Urban Development, Arc Ahmed Dangiwa at the Ministry’s...
The Federal Ministry of Housing and Urban Development (FMHUD) and the Nigerian Inland Waterways Authority (NIWA) have agreed to strengthen collaboration and establish a unified standard procedure for licensing developments on the Lagos shoreline. This decision was reached at a high-level meeting held at the Ministry’s Headquarters in Mabushi, Abuja, between the leadership of both institutions, led by...
The Minister of Housing and Urban Development, Ahmed Dangiwa, has said the Federal Government will consider the establishment of a Building and Engineering Construction Commission under the oversight of the ministry to strengthen regulation across Nigeria’s construction sector. Dangiwa gave this assurance recently, during a courtesy visit by the Quantity Surveyors Registration Board of Nigeria to the...
When the Tax Reform Bill becomes law, real estate transactions will be exempted from Value Added Tax (VAT), Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms, has assured. Oyedele explained that the exemption will lower the cost of building materials and housing. “The bill is designed in a way to favour low-income earners and, contrary to what is being claimed, it will also...
The Federal Government is set to begin the construction of 100 housing units in each of the country’s 774 local government areas, in a push to tackle Nigeria’s housing deficit and extend affordable housing to underserved communities. This project, driven by the Renewed Hope Social Housing Programme, forms part of President Bola Tinubu’s broader initiative to provide decent and inclusive housing...
The Lagos State Government has reiterated its commitment to enforcing a flexible rent payment structure, allowing tenants to pay monthly, quarterly, or annually, capped at a maximum of one year. This was made known in a joint statement by the Commissioner for Housing, Mr Moruf Akinderu‐Fatai, and the Special Adviser to the Governor on Housing, Mrs Barakat Odunuga‐Bakare, following a consultative...
The Vice President, Kashim Shettima, says the 48-year-old Land Use Act is due for review and reform. Shettima, represented by the Deputy Chief of Staff to the President, Ibrahim Hadejia, made this known at a recent three-day National Land Conference 2025 in Abuja. The Vice President said the Land Use Act of 1978 had been the legal and policy framework for land ownership, management, and...
President Bola Ahmed Tinubu has signed into law the Investment and Securities Act (ISA) 2025, marking a major milestone in Nigeria’s capital market reform. The new legislation, which repeals the former Investments and Securities Act No. 29 of 2007, is aimed at strengthening the legal and regulatory framework for investments and capital market activities in the country. The Securities and Exchange...