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As this is the final newsletter of the year, we want to say a sincere thank you for reading and supporting Nigeria Housing Market throughout 2025. We wish you a peaceful end to the year and a new one filled with clarity, good decisions, and steady progress.
In today’s edition, we take a final look at some of the key developments shaping Nigeria’s housing and real estate space. We cover the Federal Government’s firm stance on new tax laws, Osun State’s newly signed 2026 budget, strong growth at the luxury end of the Lagos market, and rising tensions in an Abuja estate that highlight ongoing governance challenges.
Thank you for being part of the NHM community this year. We look forward to continuing the conversation with you in 2026.
Eko Atlantic Records 59.5% Growth in Lagos Luxury Residential Sales
Eko Atlantic has emerged as the standout leader in Lagos’s luxury residential property market, posting a remarkable 59.5 percent growth in sales over the last five years. This performance highlights the sustained appeal of premium real estate and growing investor confidence in ultra-high-end living spaces in Nigeria’s commercial capital.
Tensions Rise in Abuja Estate as Homeowners Challenge Developer Practices
Tensions are escalating at Blue Fountain Estate in Karsana, Abuja, as homeowners intensify their challenge against the estate developer’s practices, raising concerns about governance, transparency, and residents’ rights within the community.
Homeowners at the estate have reportedly accused the developer of breaching contractual obligations, imposing unfair management agreements, and undermining residents’ association leadership. These disputes have created a growing sense of unease among residents and drawn public attention to estate-developer relations in Nigeria’s capital city.
FX MARKET SNAPSHOT TODAY
USD > NGN | 1,465.33 | Up by 0.04% |
GDP > NGN | 1,972.04 | Down by 0.01% |
EUR > NGN | 1,719.52 | Down by 0.03% |
CAD > NGN | 1,071.55 | Up by 0.02% |
Economy Watch
Governor Adeleke Signs N723 Billion Osun 2026 Budget Into Law
Governor Ademola Adeleke of Osun State has officially signed the state’s N723 billion budget for 2026 into law, marking a key milestone in the region’s economic planning and development agenda.
The budget, which emphasizes socio-economic growth, infrastructure expansion, and improved public services, represents the state government’s commitment to balanced development and enhanced quality of life for residents.
Tinubu Confirms New Tax Laws Will Take Effect in 2026, Rejects Calls for Suspension
President Bola Ahmed Tinubu has reaffirmed that Nigeria’s newly enacted tax laws will proceed as scheduled, dismissing growing calls from opposition groups and professional bodies for their suspension.
The President made this position clear amid rising public debate over the tax reforms, insisting that the laws are critical to strengthening Nigeria’s fiscal framework and cannot be delayed without serious economic consequences.
According to Tinubu, the reforms represent a long-term structural reset of Nigeria’s tax system, designed to improve efficiency, fairness, and competitiveness rather than increase the tax burden on citizens and businesses.
Quote of the day:
"The only way to do great work is to love what you do," to Steve Jobs.
Produced by: Amarachi Okeke
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