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...
The Lagos State Government allocated N101.6 billion for Housing and Community Amenities in the 2025 budget, reflecting an 81.69% increase compared to the N55.92 billion allocation in 2024. This represents 3% of the state’s total N3.366 trillion budget for 2025. This information was obtained from the Lagos Economic Development Update (LEDU) 2025 report, recently released by the Economic...
Lagos State has solidified its position as one of Africa’s leading economic hubs, with its Gross Domestic Product (GDP) soaring to $259.75 billion based on Purchasing Power Parity (PPP). This milestone makes Nigeria’s commercial capital the second-largest city economy on the continent, trailing only Cairo, Egypt. The announcement was made yesterday during the launch of the Lagos Economic...
Housing and Urban Development Minister Arc Ahmed Musa Dangiwa has issued a strong warning to all developers of Renewed Hope Housing Estates and Cities across the thirteen locations nationwide to maintain high construction standards and deliver quality work and says " we will not tolerate any substandard work found on any Renewed Hope Project Site anywhere in the country”. Dangiwa emphasised that...