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Nigeria is turning to one of its most underutilized assets in a bid to tackle a long-standing housing crisis.
In a new push to address the country’s deepening housing deficit, the federal government is moving to unlock an estimated ₦300 billion in dormant land assets. The strategy signals a shift toward leveraging existing land holdings, rather than relying solely on new allocations or large-scale greenfield developments.
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Nigeria Moves to Unlock ₦300bn Land Assets to Address Housing Deficit
Nigeria’s Federal Government is targeting over ₦300bn worth of dormant land assets as part of a broader strategy to increase housing supply and unlock value within the real estate sector. The initiative focuses on reforming land administration systems to convert underutilised land into productive assets that can support housing development.
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Nigeria’s Power Crisis Deepens as GenCos Face ₦6.8tn Debt, Shut Down Plants
Nigeria’s electricity crisis is intensifying as power generation companies (GenCos) struggle with a mounting debt burden of approximately ₦6.8tn, forcing some plants to shut down and reducing electricity supply nationwide. The liquidity crisis across the power value chain is now constraining gas supply, weakening generation capacity, and worsening outages across the country.
Lagos Deploys AI Flood Detection System to Mitigate Rising Climate Risks
The Lagos State Government has deployed an artificial intelligence-powered flood detection system to monitor waterways and provide early warning signals, as part of efforts to mitigate increasing flood risks in the state. The initiative aims to enhance disaster preparedness in one of Africa’s most densely populated coastal cities.
AI-Driven Flood Monitoring Framework
Housing Gap Persists at 14.9 Million Units Despite Government Interventions
Nigeria’s housing deficit has reached approximately 14.9 million units, underscoring persistent structural challenges in the country’s housing sector despite ongoing government reforms. The figure, based on newly validated national housing data, highlights the scale of unmet demand and the urgency of coordinated policy action to expand affordable housing supply.
FAAN Commends Zamfara Governor After Inspecting Gusau Airport Project
The Federal Airports Authority of Nigeria has commended Dauda Lawal following an inspection visit to the ongoing Gusau International Airport project in Zamfara State. The agency described the project as one of the most advanced airport developments currently underway in Nigeria’s Northwest region.
A delegation from FAAN visited the Gusau International Airport site to assess the level of construction and overall project execution. The team was led by Mukhtar Ali Dambatta and received by the state’s Commissioner for Works and Infrastructure, Lawal Barau Bungudu.
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