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Good morning,

Today’s edition looks at how a major shift in U.S. immigration policy could ripple into Nigeria’s housing market. While the move targets visa processing, it raises important questions around diaspora demand, housing investment, and how households are rethinking long-term property decisions amid growing uncertainty.

Let’s get into it.

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U.S. suspends immigrant visa processing for Nigerians. What it could mean for housing in Nigeria

The United States has announced an indefinite suspension of immigrant visa processing for citizens of 75 countries, including Nigeria, with the policy set to take effect on January 21, 2026. The decision, announced by the administration of Donald Trump, marks one of the most sweeping immigration restrictions in recent years.

Lagos Government Urged to Halt Makoko Evictions Amidst Allegations of Excessive Force

Human rights and environmental justice organisations have formally condemned the ongoing demolition of structures in the Makoko waterfront community, reporting that the exercise has resulted in at least three fatalities and the displacement of thousands of residents. In a joint statement released on Tuesday, January 13, 2026, groups including the Health of Mother Earth Foundation (HOMEF) and the Centre for Children's Health Education, Orientation and Protection (CEE-HOPE) tasked the Lagos State Government with an immediate suspension of the operation to prevent a burgeoning humanitarian crisis.

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Economy Watch

Nigeria Money Supply Growth Hits Four-Year Low as CBN Intensifies Liquidity Mop-Up

The Central Bank of Nigeria (CBN) has steered the nation’s broad money supply (M3) growth to its lowest point in four years. This deceleration follows a series of aggressive monetary tightening measures designed to withdraw excess liquidity from the financial system and anchor inflationary expectations. Data from the apex bank confirms that the contraction in money supply growth reflects the sustained impact of elevated interest rates and rigorous discretionary cash reserve ratio (CRR) debits.

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CBN Projects 4.49% GDP Growth for 2026 Amid Strengthening Stability

The Central Bank of Nigeria (CBN) has released its comprehensive Macroeconomic Outlook for 2025, detailing a resilient domestic performance despite a decelerating global economy. According to the report, titled “Consolidating Macroeconomic Stability Amid Global Uncertainty,” Nigeria’s GDP growth accelerated to 3.89% in 2025, up from 3.38% in 2024. This growth occurred against a global backdrop where output slowed to 3.20%, hampered by persistent trade tensions and subdued demand in advanced economies.

Ministry of Women Affairs Receives ₦150 Billion Capital Allocation for 2026 Appropriation Bill

The Federal Government has proposed a significant expansion of the fiscal envelope for the Federal Ministry of Women Affairs in the 2026 Appropriation Bill. The allocation is set to rise from ₦78.5 billion in 2025 to ₦154.3 billion in 2026, representing a 97% year-on-year increase. This surge in funding reflects a strategic shift toward gender-responsive budgeting, with a primary emphasis on capital projects designed to enhance the welfare, protection, and economic inclusion of women and girls across Nigeria.

Quote of the day:

“Clarity comes not from more information, but from better focus.”

Sector Watch Monday

Nigeria’s Urban Population Projected to Reach 264 Million by 2050

Nigeria’s urban population is expected to reach 264 million by 2050, according to data highlighting the country's position as a primary driver of global urban growth. This demographic shift indicates that over 70 per cent of the nation's total population will reside in cities within the next 25 years, necessitating immediate and comprehensive reforms in infrastructure, housing, and social services.

Infrastructure Push: Federal Government Allocates ₦3.23 Trillion for Road Projects

The Federal Government of Nigeria significantly escalated its investment in road infrastructure, with total spending increasing by 489 per cent to reach ₦3.23 trillion in 2024. This substantial rise from the ₦548.44 billion recorded in 2023 underscores the current administration's prioritisation of transport networks as a catalyst for national economic growth.

Produced by: Amarachi Okeke

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