Speaking on the objectives of the programme, Dangiwa emphasised that Renewed Hope is more than a conventional housing scheme. It is a comprehensive intervention designed to facilitate wealth creation, reduce poverty, and expand equitable access to homeownership across all income levels. The minister highlighted that previous housing initiatives had faced public scepticism, but the current programme introduces innovative financial and operational models to ensure transparency and sustainability.

Markets don’t wait — and year-end waits even less.

In the final stretch, money rotates, funds window-dress, tax-loss selling meets bottom-fishing, and “Santa Rally” chatter turns into real tape. Most people notice after the move.

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The Federal Government has proposed a consolidated 2024–2025 fiscal framework as it seeks to streamline Nigeria’s budgeting process and address persistent revenue shortfalls, raising questions over the timing and feasibility of the 2026 budget.

President Bola Ahmed Tinubu has requested the National Assembly to approve the Appropriation (Repeal and Re-enactment) Bill covering both 2024 and 2025, proposing a combined spending plan of ₦43.56 trillion. The move aims to harmonise budget execution and mitigate the complications arising from running multiple budgets concurrently a practice that has marked the past three fiscal years.

Nigeria’s public finances are under growing strain as debt servicing continues to absorb a disproportionate share of government revenue. In the first seven months of 2025, nearly 72 percent of all revenue earned by the Federal Government was used to service debt, leaving limited room for development spending and capital investment.

This level of debt pressure highlights a deepening fiscal imbalance. While borrowing has helped bridge revenue gaps in recent years, the cost of servicing those loans is now crowding out spending on infrastructure, housing, and other productive sectors of the economy.

Top 5 States with the Fastest Rent Growth (YoY):

• Lagos: +105 percent
• FCT (Abuja): +81 percent
• Rivers: +67 percent
• Ogun: +58 percent
• Oyo: +52 percent

Rapid rent growth in these states is being driven by migration, higher construction costs, FX pressure, and limited new housing supply. For many households, rent is now rising much faster than income.

HAVE A GREAT DAY 😃

_{^{Produced by: Amarachi Okeke}}