Dangiwa commits to Resolving Nigeria’s Housing Data Crisis Under Renewed Hope Agenda, Lagos experience the highestincrease in property prices and more…
Minister Dangiwa Launches Initiative to Resolve Nigeria’s Housing Data Crisis Under Renewed Hope Agenda
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, reaffirmed the Nigerian government's commitment to addressing the country's housing data challenges as part of the Renewed Hope Agenda. At the inauguration of a 13-member Steering Committee for the National Housing Data Centre (NHDC), Dangiwa emphasized the importance of developing accurate and verifiable housing data. The committee's tasks include setting up the NHDC, establishing data-gathering frameworks, and creating distribution channels for housing data. The Minister highlighted that reliable housing data is essential for economic development, job creation, and poverty alleviation. The committee, which includes representatives from key institutions, has a 12-month deadline to deliver results. The Co-Chair, Kehinde Ogundimu, assured the committee's commitment to achieving its objectives.
Ministry of Housing and AHCN Forge Partnership to Advance Affordable Housing in Nigeria
The Ministry of Housing and Urban Development and the Association of Housing Corporations of Nigeria (AHCN) have agreed to collaborate on delivering affordable housing under the current administration's housing program. During a visit by AHCN’s President, Eno Obongha, the Minister, Arc. Ahmed Dangiwa, emphasized the goal of the Renewed Hope Housing Programme to increase affordable housing stock without any abandoned projects. AHCN offered to provide 15 hectares of land in each senatorial district for housing development and suggested that at least 20% of the building materials used should be locally sourced.
Lagos experience the highest increase in property prices
Lagos has witnessed the highest increase in property prices across Nigeria, driven by a combination of high demand, limited supply, and rapid urbanization. The surge is particularly notable in prime areas such as Ikoyi, Victoria Island, and Lekki, where both residential and commercial real estate values have sharply escalated. A report by NHM reveals. This increase can be attributed to Lagos' status as a commercial hub, attracting both local and international investors, which has intensified competition for limited space. Additionally, infrastructural developments and the city's growing population have further contributed to the rising property prices, making Lagos one of the most expensive real estate markets in the country.