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The demolition of homes in Makoko has once again brought Lagos’ long-running housing challenge into focus. Following the displacement of residents from the waterfront community, lawmakers are now recommending that affected families be relocated to a government housing estate in Epe.
The proposal highlights a broader policy question facing Lagos: how to balance urban redevelopment, environmental concerns, and the urgent need to provide viable housing alternatives for the thousands of residents who depend on informal settlements across the city.
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Makoko Demolition: Lawmakers Recommend Relocation to Epe Housing Estate
The Lagos State House of Assembly has recommended relocating residents displaced by recent demolitions in waterfront communities including Makoko, Oko-Agbon, and Sogunro to a proposed low-cost housing estate in Agbowa, Epe Local Government Area.
The recommendation followed the adoption of a report by the Assembly’s Committee on Rules and Business after reviewing petitions submitted by affected residents and conducting oversight visits to the demolished communities.
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FMBN and NSITF Launch Initiative to Boost Housing Access for Workers
The Federal Mortgage Bank of Nigeria (FMBN) and the Nigeria Social Insurance Trust Fund (NSITF) have announced plans to strengthen collaboration aimed at expanding access to affordable housing for Nigerian workers.
Officials from both institutions disclosed the initiative during a meeting between senior executives of the organisations, where they discussed strategies to improve housing financing opportunities for employees across both the public and private sectors.
CBN Tightens Financial Regulations to Combat Money Laundering
The Central Bank of Nigeria (CBN) has introduced new regulatory measures aimed at strengthening the country’s anti-money laundering (AML) framework and improving the detection of suspicious financial transactions across the banking and fintech sectors.
The directive was issued in a circular dated March 10, 2026, and addressed to banks, mobile money operators, international money transfer operators, payment service providers and other financial institutions operating within Nigeria’s financial system.
FG Restores Hybrid Payment System at Airports Following Cashless Policy Suspension
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the resumption of a hybrid payment system at airport access gates nationwide, allowing motorists to pay using both cash and electronic channels.
The directive follows the suspension of the fully cashless payment policy earlier introduced by the Federal Airports Authority of Nigeria (FAAN) after it caused severe traffic congestion at several airport entrances.
Middle East War Triggers Transport Fare Surge and Generator Shutdowns in Nigeria
The ongoing conflict involving the United States, Israel and Iran is beginning to exert significant economic pressure on Nigeria, as rising global oil prices push fuel costs higher and trigger increases in transport fares across major cities.
Market checks across Lagos and other urban centres indicate that petrol prices have climbed sharply in recent days, forcing transport operators to adjust fares and increasing the cost of daily commuting for millions of Nigerians.
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