
Good morning,
Today’s edition takes a step back to examine how coordination and institutional leadership are shaping Nigeria’s housing trajectory.
As housing challenges become more complex, the role of strategic councils and cross government collaboration is increasingly central to turning plans into measurable outcomes across states and markets.
Let’s get into it.
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Sanwo-Olu to Tackle Abandoned Buildings in Lagos and Deliver More Homes Under the 2026 Housing Framework
The Lagos State Government has intensified its efforts to address the housing shortfall in the metropolis, reaffirming a strategic goal to complete over 14,000 residential units by the first quarter of 2026. During a recent ministerial appraisal of the 2025 fiscal year, the Commissioner for Housing, Mr. Moruf Akinderu-Fatai, emphasized that the administration of Governor Babajide Sanwo-Olu remains committed to scaling up the state's housing stock through both direct budgetary funding and strategic public-private partnerships (PPPs).
Repositioning Nigeria’s Housing Sector: The Strategic Role of the National Council
The National Council on Housing and Urban Development has been identified as the primary institutional mechanism for repositioning Nigeria’s built environment and addressing systemic challenges within the housing sector. Architect Mohammed Belgore, a prominent figure in the industry, asserted that the council’s role in policy formulation and inter-governmental coordination is essential for achieving sustainable growth and reducing the nation’s housing deficit.
Kwara State to Host 14th National Council on Housing: Federal and State Governments Set to Align Policies
The Permanent Secretary of the Federal Ministry of Housing and Urban Development, Dr Shuaib Belgore, has identified the National Council on Lands, Housing, and Urban Development as the primary focal point for aligning federal and state policies to reposition Nigeria's built environment. Speaking in Abuja ahead of the council’s upcoming annual meeting, Dr Belgore emphasized that the forum serves as a strategic platform to accelerate sector reforms and harmonize regulatory frameworks across the 36 states of the Federation.
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FX MARKET SNAPSHOT
USD > NGN | 1,466.26 | Down by 0.07% |
GDP > NGN | 1,973.15 | Down by 0.09% |
EUR > NGN | 1,709.75 | Down by 0.03% |
CAD > NGN | 1,056.02 | Down by 0.35% |
Economy Watch
UK Investors Account for 65% of Nigeria’s Foreign Capital Inflows in 2025
The United Kingdom emerged as the primary source of new foreign investment into Nigeria in 2025, contributing approximately 65% of the country's recent capital inflows. According to a policy document released by the Federal Ministry of Industry, Trade and Investment (FMITI) titled “2025: A Defining Year for Nigeria’s Industry, Trade and Investment,” this surge follows the activation of the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and a series of domestic macroeconomic reforms.
Professional services firm KPMG Nigeria and the Network of Revenue Secretaries (NRS) have convened a high level consultative meeting to address growing concerns regarding the interpretation and implementation of recently enacted tax laws. The dialogue seeks to harmonise the perspectives of private-sector consultants and state tax administrators to ensure a more predictable and efficient fiscal environment for businesses operating in Nigeria.
15 Nigerian States Commit ₦10.7 Trillion to Infrastructure in 2026 Fiscal Push
An analysis of 2026 fiscal estimates reveals that 15 Nigerian states have collectively earmarked ₦10.7 trillion for capital expenditure, representing a significant sub-national effort to address the country’s chronic infrastructure deficit. These allocations ratified between November 2025 and January 2026 it prioritise the construction and upgrade of roads, schools, hospitals, and public utilities across the federation.
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Sector Watch Monday
Abuja–Lokoja Road Reconstruction Hits Low 10% Completion as FG Warns Contractors
During a high-level inspection on January 13, 2026, Dr Abiodun Essiet, the Senior Special Assistant to the President on Community Engagement (North Central Region), expressed significant dissatisfaction with the pace of work, particularly on critical sections linking the Northern and Southern regions of Nigeria.
A performance review of the ongoing contracts reveals a sharp contrast in execution across different sections.
Minister of Works Inspects Sokoto–Badagry Superhighway Section 3; Reaffirms 36-Month Completion Timeline
The Minister of Works, Sen. Dave Umahi, performed an on-site inspection of Section 3 of the Sokoto–Badagry Superhighway on Monday, January 12, 2026. During the visit, the Minister reaffirmed the Federal Government’s commitment to delivering the strategic corridor as a means of strengthening trade, transport, and economic integration between Northern and Southern Nigeria. The superhighway is designed to serve as a vital link between Sokoto, Kebbi, Niger, Kwara, Oyo, and Lagos states, unlocking significant economic opportunities across the transit states.
Produced by: Amarachi Okeke
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