Happy mid-week.

As Christmas Eve arrives, today’s edition takes a final look at the key developments shaping Nigeria’s property and economic landscape before the holiday break. From housing and commercial real estate trends to cost pressures, infrastructure activity, and policy signals, the stories reflect a market slowing its pace but sharpening its focus on resilience and positioning for the year ahead.

Housing Reforms Under Minister Ahmed Dangiwa in 2025

In 2025, Nigeria’s Federal Ministry of Housing and Urban Development under Arc. Ahmed Musa Dangiwa placed heavy emphasis on shifting housing delivery from fragmented projects to a structured national programme supported by financing partnerships, clearer delivery pipelines, and affordability-focused interventions. The year’s changes were not limited to new construction announcements. They included institutional and market-facing actions such as a national PPP framework push, uniform pricing for specific federal housing units, renewed land titling advocacy with a defined state funding target, new building materials industrialization proposals, and expanded mortgage and rent-assistance product activity through FMBN.

This article tracks the most material policy and implementation changes tied to the Minister’s 2025 agenda, focusing on what was launched, formalized, expanded, or operationalized during the year.

Federal Government Takes Over Legacy Estate Land Following Court Judgment

A Federal High Court sitting in Abuja has ordered the final forfeiture of land linked to the Goodluck Jonathan Legacy Estate, bringing a long-running legal dispute over ownership and proceeds of crime to a close.

The ruling grants the Federal Government permanent ownership of the affected parcel of land after the court determined that the property was acquired through funds deemed unlawful under Nigeria’s anti-corruption laws. The forfeiture follows an earlier interim order and the failure of interested parties to successfully contest the claims brought before the court.

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Illegal Sale and Lease of Railway Properties: NRC MD Alerts Public

The Managing Director of the Nigerian Railway Corporation (NRC) has issued a strong warning to the public against the illegal sale, lease, or occupation of railway properties across the country, stressing that such transactions are unauthorised and invalid under Nigerian law.

The warning follows growing reports of individuals, land speculators, and intermediaries presenting railway lands and assets as private property for sale or long-term lease, particularly in urban centres and fast-developing corridors.

FX MARKET SNAPSHOT TODAY

USD > NGN

1,462.68

Up by 0.10%

GDP > NGN

1,977.44

Up by 0.05%

EUR > NGN

1,726.59

Up by 0.09%

CAD > NGN

1,069.59

Up by 0.04%

Rivers Governor Highlights Peace as Catalyst for Development During Emohua–Ogbakiri–Egbelu Road Commissioning

Governor Siminalayi Fubara of Rivers State has underscored the critical role of social harmony in enabling sustainable development, speaking at the commissioning of the Emohua–Ogbakiri–Egbelu Road. The project, spanning approximately 9.7 kilometres, is designed to enhance connectivity between Emohua and surrounding riverine communities, while linking them to the East–West Road corridor to stimulate socio-economic activities.

Fubara emphasised that peaceful coexistence among residents is a prerequisite for effective infrastructure delivery. He highlighted that protecting community assets, including educational and commercial institutions, is essential to ensuring the long-term benefits of state investments.

Quote of the day:

“Do not wait to strike till the iron is hot; but make it hot by striking.” — William Butler Yeats

CRE Wednesday

Industrial and Logistics Assets Attract Rising Interest as E-Commerce and FMCG Expand

Nigeria’s industrial and logistics real estate segment is gaining renewed attention as demand from e-commerce operators, FMCG companies, and third-party logistics firms accelerates. Developers are reporting increased enquiries for modern warehouses with better road access, higher ceiling heights, and power reliability, particularly around Lagos’ peri-urban corridors.

Market observers note that congestion within traditional industrial zones is pushing occupiers toward emerging logistics hubs along the Lekki–Epe axis, Ogun border towns, and parts of the Ibadan corridor. While supply remains constrained, sustained demand is encouraging more build-to-suit developments and longer lease commitments from anchor tenants.

Hospitality and Short-Stay Commercial Assets See Strong Year-End Performance

Commercial hospitality assets including hotels, serviced apartments, and short-stay developments recorded strong occupancy levels through the year-end period, supported by increased domestic travel, corporate events, and festive season activity. Operators in Lagos, Abuja, and select secondary cities reported higher room rates and improved average daily revenue.

The performance is reinforcing investor interest in hospitality-linked commercial assets, particularly mid-scale hotels and mixed-use projects that combine lodging with retail and event spaces. Analysts caution that cost pressures and operational efficiency will remain key differentiators as the sector expands.

Rising Construction Costs Reshape Commercial Development Strategies

Developers across Nigeria’s commercial property market are adjusting project timelines and specifications as construction costs remain elevated. Higher prices for cement, steel, fittings, and imported materials are forcing developers to phase projects, redesign layouts, or delay new starts until pricing stabilises.

In response, some investors are prioritising refurbishment of existing commercial buildings over greenfield development. Others are focusing on smaller, modular projects with quicker delivery cycles. Industry players say cost discipline and demand-led development will define commercial real estate activity heading into the new year.

HAVE A GREAT DAY 😃

Produced by: Amarachi Okeke

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