Good morning,
We spotlight the federal government’s ₦2.45 trillion disbursement to states for infrastructure and security.
Beyond the numbers, we explore what this shift means for state capacity, development pipelines, and the broader coordination challenge between Abuja and the subnational level.
Thank you for reading and for being part of Nigeria Housing Market. We hope today’s briefing offers clarity and context as the week unfolds.
Federal Government Disburses ₦2.45 Trillion to States for Infrastructure and Security
The Federal Government of Nigeria has disbursed a total of ₦2.45 trillion to the 36 state governments and the Federal Capital Territory (FCT) to bolster infrastructure development and strengthen security operations. According to official records from the Office of the Accountant-General of the Federation (OAGF), the funds were released over a 17-month period between March 2024 and August 2025.
Governor Sanwo-Olu Calls on Global Investors to Leverage Lagos’ Infrastructure Boom
Governor Babajide Sanwo-Olu has issued a high level call to local and international investors to capitalise on the extensive economic opportunities within Lagos State, positioning the city as Africa’s premier destination for high impact capital. Speaking on Monday, 2 February 2026, at the Nigeria-UAE Investment Forum (Investopia Global Africa), the Governor highlighted the state’s readiness to partner with the private sector to drive sustainable development.
Saraki Commissions 26km Federal Housing Estate Road Network in Adamawa
Former Senate President, Dr Abubakar Bukola Saraki, officially commissioned the 26 kilometre road network within the Federal Housing Estate in Bajabure, Girei Local Government Area of Adamawa State, on Monday, 2 February 2026. The project, executed by the administration of Governor Ahmadu Umaru Fintiri, marks a significant milestone in the state’s ongoing urban renewal and infrastructural drive.
UH REIT Records ₦1.3 Billion Income Driven by Prime Lagos Assets
UH Real Estate Investment Trust (UH REIT) has reported a total income of ₦1.3 billion for the 2025 financial year, representing a 10% increase from the ₦1.2 billion recorded in the previous year. According to the company's financial results, net income grew by 11.9% to reach ₦1.16 billion after accounting for operating expenses. This performance underscores the resilience of high-end commercial and residential real estate in Lagos, particularly within the Victoria Island and Ikoyi axes.
USD > NGN | 1,443.19 | Up by 0.24% |
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CAD > NGN | 1,057.02 | Down by 0.07% |
Ebumawe of Ago-Iwoye Accused of Land Grabbing; Farmers Demand Governor Abiodun's Intervention
Residents and elderly farmers from five communities in Ago-Iwoye, Ijebu North Local Government Area of Ogun State, staged a massive protest on Monday, 2 February 2026, over the alleged forceful acquisition of over 500 acres of ancestral farmland by the Ebumawe of Ago-Iwoye, Oba Abdulrasaq Adesina Adenuga.
The protesters, hailing from Isamuro, Imosun, Igan, Awori, and Idode, marched through the palace roads under the supervision of the Nigeria Police Force and the Department of State Services (DSS). They accused the monarch of dispossessing them of their primary means of livelihood farmlands used for cultivating cocoa, rubber, palm trees, and kola nuts under the guise of government backed projects.
Quote of the day:
"Clarity is the foundation of momentum. When you know where you're going, even small steps move you forward with power."
Produced by: Amarachi Okeke
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