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President Bola Tinubu has called on residents, businesses and property owners in the Federal Capital Territory (FCT) to fulfil their ground rent obligations, stating that timely payments are essential for sustaining infrastructure development and urban renewal projects in Abuja. The President said compliance with land-related charges would provide the resources needed to expand road networks, improve public facilities and support ongoing efforts to transform the nation's capital into a modern, world-class city.
Tinubu Urges Abuja Residents to Pay Ground Rents to Support Infrastructure Development
President Bola Tinubu has called on residents, property owners and businesses in the Federal Capital Territory (FCT) to fulfil their obligations by paying ground rents, taxes and other statutory charges, stressing that such payments are critical to sustaining infrastructure development and urban transformation across Abuja.
Anambra to Partner Private Investors on Mass Housing to Address Rising Rents
The Anambra State Government has announced plans to develop a mass housing policy in partnership with private investors as part of efforts to address rising rental costs and reduce the state's housing deficit. The initiative forms part of a broader strategy by the administration of Governor Chukwuma Soludo to increase housing supply and improve affordability for residents across the state..
SEDC Explains Abuja Office Rent Spending Amid Senate Scrutiny
The South East Development Commission (SEDC) has provided further clarification regarding questions raised over its Abuja office expenditure following concerns expressed by members of the Senate Committee on the South East Development Commission. The issue emerged after lawmakers queried a reported ₦153 million expenditure linked to an Abuja liaison office, prompting public debate over the commission’s spending priorities and financial management
A Senior Analyst Sees Half a Billion Dollar Potential.
Kingscrowd Capital's senior analyst reviewed RISE Robotics and projected potential growth to a $500 million valuation. The community round is open now on Wefunder. You don't have to be an institutional investor to get in at today's price.
Tinubu Reaffirms Commitment to Transforming Abuja Into a World-Class Capital City
President Bola Tinubu has reaffirmed his administration’s commitment to transforming Abuja into a world-class capital city, underscoring the role of infrastructure development, urban planning, and improved connectivity in shaping the future of Nigeria’s Federal Capital Territory (FCT). The President said the ongoing transformation of Abuja aligns with broader national objectives aimed at strengthening economic growth, enhancing urban mobility, and projecting Nigeria’s identity through a modern and globally competitive capital.
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Residents Flee Ogun Communities After Failed Kidnap Attempt Leaves Six Dead
Residents of several communities in Ogun State have reportedly abandoned their homes following a failed kidnapping attempt that resulted in the deaths of six people. The incident has heightened concerns about security in rural and semi-urban areas of Southwest Nigeria, where communities traditionally considered relatively safe are increasingly facing threats linked to armed criminal activities.
After Zenith Bank, Jim Ovia Expands Luxury Real Estate Investments in Lagos
Jim Ovia, founder of Zenith Bank and one of Nigeria’s most prominent business leaders, has announced a strategic shift towards real estate development following his departure as chairman of the financial institution. The move places greater emphasis on luxury residential projects in Lagos, reflecting growing investor confidence in Nigeria’s premium property market and the increasing role of real estate as a wealth preservation asset.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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