Lagos’ residential housing market continues to face a significant supply deficit despite the active development of over 34,800 units across the state. According to the Lagos Real Estate Development Pipeline Report 2025/2026 by Estate Intel, the current housing stock of 1.8 million units remains insufficient to meet the demands of the commercial capital, leaving a deficit exceeding 2.7 million units.

Nigeria’s real estate mutual funds and Real Estate Investment Trusts (REITs) recorded a resilient but highly concentrated performance in 2025. According to data compiled as of December 24, 2025, the sector concluded the year with a total Net Asset Value (NAV) of ₦483.06 billion, representing 6.30% of the broader ₦7.67 trillion collective investment industry. While the market remains dominated by a few institutional giants, smaller funds captured investor interest by delivering significantly higher yields.

A comprehensive report released by the policy think tank Agora Policy has attributed Nigeria’s persistently high cement prices to deep-seated market concentration and a lack of effective competition. Despite achieving domestic self-sufficiency in cement production over a decade ago, the report highlights that Nigerian consumers continue to pay premium prices compared to other Sub-Saharan African nations, a trend that significantly hampers infrastructure development and the delivery of affordable housing.

The Lagos State Government has announced a $2 million financial commitment toward the Makoko Water Cities Project, a strategic initiative designed to provide a sustainable and environmentally responsible blueprint for the regeneration of the Makoko waterfront. The announcement, made on Monday by the Commissioner for Information and Strategy, Gbenga Omotoso, and the Special Adviser to the Governor on E-GIS and Urban Development, Babatunde Olajide, signals a shift toward a long-term developmental framework for one of the state's most high-profile informal settlements.

Tension has escalated at the Murtala Muhammed Airport (MMA) in Lagos as cargo agents, operating under several prominent associations, have formally kicked against the Federal Airports Authority of Nigeria's (FAAN) plan to demolish their administrative secretariats. The agents have petitioned the Inspector-General of Police (IGP) and the Director-General of Civil Aviation (DGCA), alleging that the demolition threat is a retaliatory measure for their opposition to a recent 257% increase in cargo tariffs.

_{^{Produced by: Amarachi Okeke}}