Happy Thursday,
This week’s updates show just how quickly Nigeria’s housing and property market is changing. From the condition of existing homes to new types of real estate gaining ground in Lagos, the pressures around cost, supply, and quality are becoming harder to ignore.
It’s been a busy few days across housing, infrastructure, and the wider economy. Let’s get into today’s stories.
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Over 15 Million Nigerian Homes Fail Structural Standards, FG Says
Nigeria’s housing challenge has taken on a sharper qualitative dimension, with the Federal Government revealing that an estimated 15.2 million existing housing units nationwide fail to meet basic standards of safety, durability, and habitability, according to a new assessment by the Ministry of Housing and Urban Development. The disclosure, made on December 16, 2025, underscores that the country’s housing problem is not limited to insufficient supply alone but also reflects deep structural weaknesses in homes already in use, with implications for public health, urban resilience, and long-term economic productivity.
Governor Sanwo-Olu Advocates Strategic Public-Private Partnerships to Address Lagos Housing Deficit
Lagos State Governor, Babajide Sanwo-Olu, has emphasised the critical role of private sector collaboration in tackling the city’s escalating housing shortage, noting that sustainable and inclusive urban development requires coordinated efforts between government, developers, and investors.
Addressing stakeholders at the Sixth Lagos Real Estate Marketplace Conference on Victoria Island, Sanwo-Olu highlighted that government-led initiatives alone are insufficient to meet Lagos’ housing needs. The governor emphasised the importance of structured financing, innovation, and private investment in delivering affordable and high-quality homes that align with residents’ income levels.
FX MARKET SNAPSHOT TODAY
USD > NGN | 1,477.32 | Up by 0.44% |
GDP > NGN | 1,975.04 | Down by 0.01% |
EUR > NGN | 1,734.52 | Down by 0.01% |
CAD > NGN | 1,072.13 | Up by 0.05% |
Economy Watch
United States Government Tightens Entry Rules for Nigerians, Citing Security and Visa Compliance Risks
For Nigeria, the restrictions introduce fresh uncertainty around international mobility at a time when the economy relies heavily on diaspora connections, foreign education pathways, and cross-border business relationships. Analysts note that reduced access to US visas could affect professional training pipelines, international partnerships, and investor confidence, particularly in sectors dependent on global networks.
At the same time, policymakers emphasise that the long-term impact will depend on diplomatic negotiations, improvements in visa compliance, and progress in addressing domestic security concerns.
Question of the week - Which housing challenge is most urgent to fix?
Infrastructure - Thursday
Lekki Deep Seaport reaches near 50 percent operational capacity Nigeria’s first deep sea port at Lekki is now handling about half of its projected capacity according to the CEO. Officials say container traffic and terminal activity have increased in recent weeks, reflecting stronger confidence from shipping lines and cargo owners. The port still faces operational challenges including customs procedures and the need for further digitalisation to reduce delays.
Transmission Company of Nigeria says over 100 power projects are stalled
The Transmission Company of Nigeria told a House of Representatives panel that more than 100 major power transmission projects across the country have been delayed or slowed by lack of funding, right-of-way issues, vandalism, and insecurity. The company said its limited annual allocation is far below what is needed to complete these projects and improve grid reliability.
Government calls for support for transport reforms
The Permanent Secretary of the Federal Ministry of Works urged stakeholders to back reforms in the transport sector, especially through concession and privatisation models to boost efficiency in roads, aviation, and terminals. Officials said expanding private sector roles could improve operations and reduce dependence on road transport.
Federal Executive Council continues to clear major projects
Nigeria’s Federal Executive Council has recently approved several privately financed infrastructure projects worth about $4.29 billion, including deep seaports and a major hydropower plant, reinforcing private capital’s role in national infrastructure development.
HAVE A GREAT DAY 😃
Produced by: Amarachi Okeke
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