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Lagos’ affordable housing challenge remains one of the biggest obstacles facing the state's property market, with new findings showing that nearly 70% of residents cannot access low-cost housing schemes. The development highlights a widening gap between housing supply and affordability, raising concerns about the effectiveness of current housing programmes in meeting the needs of low- and middle-income households. As demand continues to outpace supply, industry stakeholders are calling for more inclusive financing models and policies that align housing costs with household incomes.
Lagos Affordable Housing Schemes Remain Out of Reach for 70% of Residents
Despite substantial public investment in housing development over the years, affordable homeownership remains beyond the reach of most Lagos residents. New findings indicate that more than 70% of the state's population cannot access low-cost housing schemes due to affordability constraints, rising construction costs and persistent supply shortages.
Real Estate Delivery Faces Setbacks Amid Insecurity and Escort Withdrawal
Nigeria's real estate sector is facing growing operational challenges as insecurity and the withdrawal of security escorts in some parts of the country continue to disrupt construction activities and delay project delivery. Industry stakeholders warn that the security situation is increasing development costs, affecting investor confidence and slowing the pace of housing delivery at a time when the country already faces a significant housing deficit.
Converting Plastic Waste into Building Materials May Ease Housing Shortage, Expert Says
A housing researcher has identified plastic waste as a potential resource for addressing Nigeria’s housing deficit, arguing that recycled plastics can be transformed into affordable building materials capable of reducing construction costs while tackling environmental pollution. The proposal comes amid growing concerns over the country's housing shortage and the increasing volume of plastic waste generated across urban centres. According to researchers and waste management experts, innovative recycling technologies could simultaneously support housing delivery and environmental sustainability.
What happens when you throw out the GTM playbook
That investor was wrong. Gamma is now worth $2B, with 50M users and more than half their growth driven by word of mouth.
They're one of 6 AI-native startups in HubSpot for Startups' free Bold Bets Playbook. Replit grew revenue 50x after half the team pushed back on the strategy. Ramp generated 100M+ views from a single stunt. Clay's co-founder wouldn't hang up a sales call until the prospect DMed him in Slack.
Each one took a GTM risk most founders would never greenlight. Each one paid off.
FCTA Appoints Ularam as Acting Director of Abuja Geographic Information Systems
The Federal Capital Territory Administration (FCTA) has appointed Ularam as the new overseeing director of the Abuja Geographic Information Systems (AGIS), the agency responsible for managing land records, title documentation and land administration services within the Federal Capital Territory. The appointment is expected to support ongoing efforts to improve land governance, enhance service delivery and strengthen property administration in Abuja.
Heirs Energies Wins Industry Recognition for Landmark $750 Million Financing
Heirs Energies Limited has received industry recognition after its $750 million financing transaction was named the Best Oil and Gas Deal of the Year. The award highlights the scale and significance of one of the largest financing arrangements secured by an indigenous energy company in recent years and reflects growing investor confidence in Nigeria’s oil and gas sector..
Dangote’s Net Worth Climbs to $37 Billion as Refinery Investment Delivers Returns
Aliko Dangote’s net worth has climbed to approximately $36.7 billion, cementing his position as Africa’s richest individual and one of the world’s most successful industrial entrepreneurs. According to data from the Bloomberg Billionaires Index, the increase in wealth has been driven largely by the performance of the Dangote Refinery, alongside continued growth in the group’s cement and fertiliser businesses.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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