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Housing experts have identified the sector as a key driver of Nigeria's ambition to build a $1 trillion economy, arguing that strategic investment in housing can stimulate manufacturing, create jobs and unlock long-term economic growth. They say treating housing as an economic asset rather than a social programme could transform the country's development trajectory.
Housing Strategy Could Drive Nigeria's Journey to a $1 Trillion Economy - Experts
Nigeria's ambition to become a $1 trillion economy could depend significantly on how it addresses its housing deficit, with experts arguing that housing should be treated as a strategic economic development tool rather than solely a social welfare intervention With an estimated housing shortfall of around 20 million units, the debate is shifting from how many homes should be built to how housing investment can stimulate industrialisation, create employment and expand Nigeria's productive capacity.
Nigeria Records 650 Building Collapses Since 1974 as FG Pushes Tougher Regulation
Nigeria has recorded more than 650 building collapse incidents and over 1,600 fatalities since 1974, according to the Federal Government, highlighting the urgent need for stronger regulation across the country's housing and construction sectors.
The State of Housing 2026 - Speaker Spotlight
This week we're featuring Philip Ayodeji Babalola
Founder and CEO Uvest Realty Limited
Join him and other industry leaders on August 14.
New VAT Formula Ties State Revenue to Consumption in Major Tax Reform
Nigeria's 2026 tax reforms have introduced one of the most significant changes to the country's fiscal framework in recent years by shifting the distribution of Value Added Tax (VAT) revenue from a headquarters-based model to one driven largely by where goods and services are consumed. The reform is intended to create a fairer system for sharing VAT among states while encouraging subnational governments to strengthen their local economies.
The toughest room in advertising. Ad Studio just cleared it.
Major brands just took over a Times Square billboard, and every ad was built in Hightouch Ad Studio. Sweetgreen, HelloFresh, and Tripadvisor cleared the toughest room in advertising. Create, edit, and launch on-brand ads in a few clicks.
FCT Residents Call for Improved Waste Management to Build Cleaner Communities
Residents of the Federal Capital Territory (FCT) have called for improved waste management services, urging authorities to strengthen refuse collection, provide more waste disposal facilities and enforce sanitation regulations to create cleaner and healthier communities. The appeal comes amid growing concerns over indiscriminate waste disposal, blocked drainage systems and the public health risks posed by uncollected refuse.
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Wike: FCT Infrastructure Projects Will Continue Despite 2027 Election Campaigns
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured residents that political campaigns ahead of the 2027 general elections will not disrupt ongoing infrastructure projects across Abuja. He said the administration remains committed to delivering roads and other public infrastructure as part of its development agenda for the nation's capital.
Dei-Dei Traders Appeal to Wike Over Demolished Market Toilet
Traders at the Dei-Dei International Building Materials Market in Abuja have appealed to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to order the reconstruction of a demolished public toilet within the market. They say the absence of the facility has created sanitation challenges, inconvenienced traders and customers, and raised concerns about public health.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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