The Federal Housing Authority (Authority) has officially announced the commencement of a nationwide Verification, Regularisation, and Ratification (VRR) exercise for all its landed properties and estates across Nigeria. Effective from 2nd February 2026, the initiative provides a 90-day window for allottees to formalise their property documents and settle outstanding financial obligations to the Authority. This exercise is designed to address document discrepancies and provide a legal framework for property regeneration and redevelopment.

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Nigeria’s housing deficit, currently estimated at 28 million units, remains one of the most significant economic hurdles in the South-Saharan region. However, as the 2026 fiscal year unfolds, "Proptech" is evolving from a buzzword into a structural necessity. Mr. Tola Akinsulire, Group Chief Commercial Officer at Mixta Africa, recently delivered a defining presentation on how digital innovation is the key to moving the needle on sustainable housing.

Dormot.io is an innovative property management platform designed to streamline and modernise property management across Nigeria and Africa.

In this product demo, Dormot’s CEO Eldred Green walks through the platform during our PropTech Demo Day, showcasing how Dormot helps landlords and property managers move away from manual processes toward a more efficient, centralised system.

While macroeconomic indicators like the current account surplus and Naira stability show signs of recovery, a new report by PwC Nigeria has cast a somber light on the domestic reality. The firm projects that as many as 141 million Nigerians could live in poverty in 2026, as the "lag effect" of record-high inflation and the removal of subsidies continues to stretch the resilience of low-income households.

The Central Bank of Nigeria (CBN) projects that the nation’s current account surplus will climb to $18.81 billion by the end of 2026. This forecast, detailed in the apex bank’s latest Medium-Term Macroeconomic Outlook, underscores a significant strengthening of Nigeria’s external trade position and reflects a sustained recovery in the balance of payments. The anticipated surplus is driven primarily by improved crude oil export receipts, a reduction in non-essential imports, and steady growth in diaspora remittances.

1. Do not underestimate execution risk, even when a project looks attractive on paper.

Strong brochures, ambitious timelines, and promising projections do not always translate into delivery. In Nigeria’s real estate market, delays related to approvals, infrastructure rollout, contractor capacity, or funding gaps can materially affect both timelines and returns. Before committing capital, assess not just the idea, but the sponsor’s track record, capital structure, and operational readiness. Execution risk is often where returns are made or lost.

_{^{Produced by: Amarachi Okeke}}