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The Federal Government has reaffirmed its commitment to the timely completion of Renewed Hope Housing Projects nationwide as part of efforts to tackle Nigeria’s housing deficit and expand affordable homeownership. Officials made the pledge during the Renewed Hope Housing PPP Summit in Abuja, where stakeholders discussed financing strategies, public-private partnerships, and nationwide project delivery plans.

Federal Government Reaffirms Commitment to Timely Delivery of Renewed Hope Housing Projects

The Federal Government has reiterated its commitment to ensuring the timely completion of ongoing Renewed Hope Housing Projects across Nigeria, as authorities intensify efforts to address the country’s housing deficit through public-private partnerships and innovative financing models. The assurance came during the second edition of the Renewed Hope Housing Public-Private Partnership (PPP) Summit held in Abuja, where policymakers, developers, financial institutions, and housing sector stakeholders reviewed progress under the government’s housing delivery agenda. The summit focused on scaling affordable housing development and strengthening institutional collaboration to accelerate project execution nationwide.

₦11.5bn NMRC Bond Signals Growing Investor Interest in Housing Finance

The Nigeria Mortgage Refinance Company (NMRC) has listed an ₦11.5 billion bond on the FMDQ Securities Exchange as part of ongoing efforts to deepen mortgage financing and improve access to affordable housing across Nigeria. The bond listing is expected to strengthen liquidity within the housing finance sector by providing long-term refinancing support to primary mortgage lenders and financial institutions involved in residential housing development. The issuance represents another strategic step toward expanding sustainable mortgage access and supporting homeownership growth nationwide.

FG Hands Over ₦545bn New Carter Bridge Project to CCECC in Lagos

The Federal Government has officially handed over the construction of a new Carter Bridge in Lagos to China Civil Engineering Construction Corporation (CCECC), marking a significant milestone in Nigeria’s ongoing infrastructure renewal programme. The project, valued at approximately ₦545 billion, forms part of broader federal efforts to modernise critical transport infrastructure and address long-standing structural concerns affecting key bridges in Lagos.

Tinubu Calls for Stronger African Economic Integration at Nairobi Summit

President Bola Ahmed Tinubu has called for deeper African economic integration, stronger regional cooperation, and reforms to the global financial system as African leaders gathered at the Africa Forward Summit in Nairobi, Kenya. Tinubu made the remarks during the high-level summit co-hosted by Kenyan President William Ruto and French President Emmanuel Macron, where leaders from more than 30 countries convened to discuss industrialisation, trade expansion, investment, and Africa’s long-term economic transformation agenda.

Aliko Dangote Foundation Partners Islamic Development Bank on Social Development

Nigeria’s informal land market is increasingly becoming the preferred destination for many property investors despite mounting concerns over fraud, ownership disputes, and weak regulatory oversight. Industry analysts say prolonged bureaucratic processes, rising urban land demand, expensive title registration systems, and weak institutional coordination have pushed many investors toward informal property transactions as a faster and more accessible alternative to formal acquisition channels.

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