Federal Govt N250 Billion Housing Fund Faces Mixed Reactions from Key Industry Figures

The Federal Government’s approval of a N250 billion real estate investment fund, aimed at providing affordable, long-term mortgages to Nigerians, has garnered both praise and concern from key industry figures.

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National Council Proposes Mandatory Rent Payment Policy Amid Litigation

The 13th Meeting of the National Council on Lands, Housing, and Urban Development has approved a policy supporting monthly, quarterly, and yearly rental payment systems nationwide. The council also proposed

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IMF Advocates Property Tax as Key Revenue Source for Governments

The International Monetary Fund (IMF) has called on governments, particularly in low-income countries like Nigeria, to explore property taxes as a practical and sustainable way to boost revenue. In a

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Obasanjo Demands Overhaul of INEC, Urges New Leadership for Credible Elections

Former President Olusegun Obasanjo has called on Nigerians to urgently push for the installation of credible leadership within the Independent National Electoral Commission (INEC). Speaking at the Chinua Achebe Leadership

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Debt Crisis Looms as Nigeria’s External Borrowing Set to Reach $45.1 Billion by End of 2024

Nigeria’s external debt is on track to reach $45.1 billion by the end of 2024, signaling potential economic challenges as the government pursues further external borrowing. Recent data from the

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Contractors Under Fire for Alleged Sabotage of Renewed Hope Housing Project

The House of Representatives Committee on Urban Development and Regional Planning has issued strong accusations against contractors involved in the Renewed Hope housing project in Uyo, Akwa Ibom State, alleging

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What is Land Grabbing? – Causes, Effects & Solutions

Definition of land grabbing Land grabbing is the practice of large-scale acquisition of land by individuals, corporations, or governments, often with the intent to control or exploit the natural resources and/or labor

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APC’s Aiyedatiwa wins Ondo guber poll, defeats challengers in ALL 18 LGAs

Lucky Aiyedatiwa, candidate of the All Progressive Congress (APC) in the Ondo governorship election, has been declared winner of the Ondo governorship election. Olayemi Akinwumi, the Independent National Electoral Commission

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W’Bank detects $32m unaccounted funds in Nigeria’s water project

The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual

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Wike Receives Indian PM Narendra Modi At Abuja Airport

Indian Prime Minister Narendra Modi has arrived in Nigeria for a significant visit aimed at strengthening diplomatic and economic ties between the two nations.  reports. Federal Capital Territory (FCT) Minister

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