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Nigeria’s National Housing Fund is receiving between ₦120 billion and ₦150 billion annually from about six million contributors, yet mortgage access remains extremely low. The disparity highlights a deeper challenge in Nigeria’s housing market: converting housing finance contributions into affordable mortgages and completed homes for ordinary Nigerians.
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Six Million NHF Contributors Get Fewer Than 500 Mortgages in Nigeria
Nigeria’s National Housing Fund (NHF) continues to mobilise substantial contributions from workers, but access to mortgage finance remains limited, raising questions about how effectively the scheme converts workers’ contributions into homeownership.
Nigeria’s $2.6tn Real Estate Market Set to Outpace Africa Through 2029
Nigeria’s real estate market is projected to record the fastest annual growth among several major African property markets between 2025 and 2029, with a new continental investment report forecasting average annual expansion of about 6.9%.
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Housing Ministry, CIPMN Move to Strengthen Project Delivery in Nigeria
The Federal Ministry of Housing and Urban Development is working with the Chartered Institute of Project Managers of Nigeria (CIPMN) to strengthen project management and improve the delivery of housing and construction projects across the country.
Umo Eno Gives Contractor Three Months to Complete ₦10.32bn Uyo Housing Estate
Akwa Ibom State Governor Umo Eno has given the contractor handling the Ewet Luxury Garden Estate in Uyo three months to complete the delayed housing project or risk termination of the contract.
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Kebbi’s 250-Unit Housing Estate Reaches 80% Completion
The Kebbi State Government has announced that construction of its 250-unit Kauran Gwandu Housing Estate in Birnin Kebbi has reached about 80% completion, as Governor Nasir Idris assured residents that the project would be delivered within its stipulated timeframe.
Abuja Housing Crisis: HDAN Calls for Homes That Match Residents’ Incomes
The Housing Development Advocacy Network (HDAN) has called for a new housing strategy in Abuja that matches residential supply with residents’ incomes, locations and ability to pay, as the Federal Capital Territory faces an estimated 1.7 million-unit housing deficit.
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