In 1999, the S&P 500 peaked. Then it took 14 years to gradually recover by 2013.

Today? Goldman Sachs sounds crazy forecasting 3% returns for 2024 to 2034.

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Following the rebasing exercise, real estate emerged as a much bigger contributor to national output, with the sector’s value estimated at over ₦41 trillion. This was not the result of a sudden expansion in physical development, but a more accurate accounting of existing activity across residential, commercial, and informal segments of the market.

What changed was not the market itself, but how it was measured.

This distinction matters. It reminds us that year-to-year shifts in headline numbers do not always reflect real-world demand or supply dynamics. Sometimes, they reflect better data.

At the start of 2025, expectations for the real estate sector were cautious but optimistic. We anticipated moderate growth, resilient rental yields, gradual mortgage expansion, and steady activity driven by urbanisation and population pressure.

Looking back, several of these assumptions held up. Rental yields in major cities remained strong. Housing demand did not collapse despite inflationary pressures. Government housing initiatives moved forward, even if at a slower pace than hoped.

Where expectations fell short was in scale and speed. Mortgage uptake remained constrained by high interest rates and affordability challenges. Supply gaps persisted. Formal housing delivery still lagged population growth.

What the GDP rebasing did was place all of this within a much larger economic frame.

In case you missed it, here’s the link to the full breakdown

The Federal Government of Nigeria has officially launched the 2026 Growth Acceleration Strategy, a comprehensive economic roadmap designed to stimulate job creation, attract domestic and foreign investment, and ensure macroeconomic stability.

The strategy, unveiled by the Ministry of Finance and the Coordinating Minister of the Economy, Wale Edun, outlines a series of fiscal and monetary interventions aimed at transitioning the Nigerian economy from stabilization to sustainable expansion.

The Kano State Executive Council has approved over N6.9 billion for the execution of various infrastructure, education, and social welfare projects across the state. The decision was reached during the council's 36th meeting, presided over by Governor Abba Kabir Yusuf at the Government House.

The Commissioner for Information and Internal Affairs, Ibrahim Waiya, disclosed the details of the approvals during a press briefing, noting that the funds are aimed at accelerating development and improving the welfare of residents.

_{^{Produced by: Amarachi Okeke}}