Diaspora Investors Drive Surge in Lagos Luxury Property Prices Currently one-bedroom luxury flats in Lagos are priced at around ₦180 million In Victoria Island Quantum Properties is leading this trend Rental prices in Lagos’ luxury property market have surged to unprecedented levels, with prime two-bedroom apartments now commanding as much as ₦38 million annually, according … Read more
Material costs soar—dream of home slips away Renewed Hope housing still out of reach for many Mortgage barriers and policy gaps deepen the crunch Nigeria’s housing crisis deepens as soaring building costs put homeownership beyond reach for most workers. According to a report by Eko Hot Blog, these escalating prices are forcing many Nigerians to … Read more
The Minister of Housing and Urban Development, Ahmed Dangiwa, has revealed that Nigeria needs a minimum of N50 billion annually to successfully drive slum upgrade and urban development. He made the announcement during an engagement with Hadiza Usman, the Special Assistant to the President on Policy and Coordination and Head of the Central Results Delivery … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu is poised to initiate the construction of 3,112 housing units in the Karsana area of the Federal Capital Territory (FCT) on Thursday, in a bid towards addressing the housing deficit in Nigeria. This marks the commencement of a nationwide project aimed at delivering 100,000 housing units … Read more
Peter Obi, the LP candidate in the 2023 Presidential election, has reacted to the ongoing building demolitions in Kano and other parts of Nigeria. He emphasizes that while some demolitions may be necessary, compassion and compensation should be provided to the innocent victims. Obi calls for a humanitarian approach, considering the housing deficit and the … Read more
The Federal Lawmakers have announced plans that they would accord necessary support to stakeholders in the bid to tackle the housing deficit in the country. The Senate Chairman on Committee of Housing Sen. Sam Egwu, disclosed this on Thursday in Abuja while giving a keynote address at a workshop, with a theme “Emerging Trends in … Read more