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Despite a marginal seven percent increase in the budgetary allocation for the Federal Ministry of Housing and Urban Development, industry stakeholders warn that the N105bn earmarked in the 2026 Appropriation Bill is "grossly inadequate" to address the nation's widening housing deficit. The 2026 allocation rose from N98.13bn in 2025, but experts argue the increment does not reflect the economic realities of soaring building material costs and high inflation.

Roughly 86% of the market is still made up of residential real estate, which is not a coincidence but rather a reflection of where demand continuously endures economic cycles. The Nigerian real estate market is estimated at around $2.61 trillion, of which residential property constitutes around $2.25 trillion. Going by 2026 estimates, it is expected to grow steadily to reach $2.79 trillion.

Explore residential opportunities aligned with real demand.

The Federal Government has reiterated its dedication to bridging Nigeria’s housing deficit, promising to review the pricing of existing government housing projects to ensure they remain accessible to the average citizen. The Minister of State for Housing and Urban Development, Rt. Hon. Yusuf Abdullahi Ata, made this disclosure during an official assessment visit to the National Housing Project (NHP) Estate located in Laminga, Jos East Local Government Area of Plateau State.

President Tinubu’s recent trip to Turkey was highlighted as a bold $5 billion bilateral trade focused trip. On the surface, the discussions with President Recep Tayyip Erdoğan focused on security, industry, and education. But for those of us watching the Nigeria Housing Market, the implications run far deeper than shipping manifests. Trade targets of this scale reshape logistics corridors, industrial zones, and labor flows. In housing economics, this is the multiplier effect: capital enters through one sector and inevitably settles in the soil through construction and residential demand.

_{^{Produced by: Amarachi Okeke}}