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Nigeria is accelerating reforms in its housing finance system as the Federal Government seeks scalable solutions to close the country’s widening housing deficit. In this context, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the expansion of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund.
Edun Backs MOFI Housing Fund to Expand Affordable Financing in Nigeria
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed support for the expansion of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund, positioning it as a critical tool for improving access to affordable housing finance. The initiative forms part of the federal government’s broader strategy to address Nigeria’s housing deficit through scalable, market-driven financing solutions.
Nigeria Warns of Flood Risks in 10 States Amid Rising Rainfall Predictions
The Federal Government has issued a flood alert for 10 states following forecasts of heavy rainfall across parts of Nigeria. The warning highlights increased risks to communities, infrastructure, and housing, as authorities urge proactive measures to mitigate potential damage during the peak of the rainy season.
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NCAA Warns of Flight Disruptions as Rainy Season Sets In
The Nigeria Civil Aviation Authority (NCAA) has warned that the onset of the rainy season could lead to increased flight delays and cancellations across Nigeria, even as an ongoing investigation into airfare hikes by the Federal Competition and Consumer Protection Commission (FCCPC) remains unresolved. The advisory highlights emerging operational risks in the aviation sector and underscores broader concerns around pricing transparency and service delivery.
Nigeria’s Manufacturing Sector Generates ₦881.29 Billion in Company Income Tax in 2025
Nigeria’s manufacturing sector contributed a total of ₦881.29 billion in Company Income Tax (CIT) in 2025, marking a significant increase from ₦663.46 billion recorded in 2024. The data highlights the sector’s expanding role in Nigeria’s fiscal landscape and its growing importance as a driver of non-oil revenue.
Tax Inflows Slow as Company Income Tax Drops by Half in Q4 2025
Nigeria’s Company Income Tax (CIT) collections declined sharply to ₦1.49 trillion in the fourth quarter of 2025, representing a 49.81% drop from ₦2.96 trillion recorded in the previous quarter. The data, released by the National Bureau of Statistics (NBS), highlights significant short-term volatility in corporate tax inflows amid evolving macroeconomic conditions.
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