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The House of Representatives has resolved to investigate the persistent rise in building material prices across Nigeria, warning that escalating construction costs are worsening the country’s housing affordability crisis and deepening pressure on households and developers. The resolution followed the adoption of a motion sponsored by Hon. Oboku Abonsizibe Oforji during plenary, where lawmakers expressed concern over the rapid increase in the prices of cement, steel, timber, sand, granite, and other essential construction materials.

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has defended the construction of government-funded housing projects for judges and judicial officers in Abuja, dismissing concerns that the initiative could compromise judicial independence or weaken the autonomy of the judiciary. Wike made the remarks during an inspection of ongoing judicial infrastructure projects in Abuja, including judges’ residential quarters, the Court of Appeal Abuja Division project, and proposed housing developments for judges of the National Industrial Court and the Code of Conduct Tribunal.

Stakeholders in Nigeria’s built environment sector have called on the Federal Government to integrate physical planning more comprehensively into the implementation framework of President Bola Ahmed Tinubu’s Renewed Hope Agenda, warning that weak urban planning systems could undermine long-term national development objectives.

Residents and businesses in Isolo and surrounding communities in Lagos State may soon benefit from significantly improved electricity supply following the approval of a 9MW embedded power generation project by the Lagos State Electricity Regulatory Commission (LASERC). The approval was granted to Isolo Power Gen Limited as part of Lagos State’s latest electricity licensing round aimed at expanding decentralised power infrastructure and improving electricity reliability across industrial and residential corridors. According to LASERC, the company emerged as the only operator approved under the embedded generation category during the current licensing phase.

The Nigerian Economic Summit Group (NESG) has warned that Nigeria remains exposed to significant debt vulnerabilities despite recent improvements in fiscal indicators and broader macroeconomic stabilisation efforts. The private sector-led policy think tank disclosed this in its latest fiscal assessment titled “Debt Pressure Persists Beneath Surface Stability: DBI Signals Elevated Fiscal Strain in 2025.” According to the report, although certain debt metrics improved between 2024 and 2025, Nigeria’s fiscal position remains fragile due to weak revenue mobilisation, structural imbalances, and continued dependence on borrowing to finance public expenditure.