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Wike Revokes Buhari, Onnoghen’s Land Titles, 760 Others over Non-Payment of Fees The Federal Capital Territory (FCT) minister, Nyesom Wike, has revoked ownership of 762 plots of land in Abuja’s upscale Maitama district due to non-payment of statutory fees. A public notice issued by the Federal Capital Territory Administration (FCTA) on Thursday revealed that the affected individuals and entities failed to settle their certificate of occupancy (C-of-O) bills. Notable figures affected by the revocation include former President Muhammadu Buhari and former Chief Justice of Nigeria (CJN) Walter Onnoghen. The FCTA also warned an additional 614 plot owners, comprising individuals and companies, to pay their outstanding bills within two weeks or risk losing their rights of occupancy (R-of-O)... READ MORE 👉 https://lnkd.in/djzEmQfN #landrevocation #Buhari #fcta

Monarch in Ogun State Suspended over Alleged Land Grabbing The Egba Traditional Council has suspended the Olu of Obafemi, Oba Taofeek Owolabi, for six months over an allegation of land grabbing brought against him by the Agboro Olatunde Community Development Association in Ogun State. A letter dated December 13, 2024, signed by the Alake of Egbaland and President of the Egba Traditional Council, Oba Adedotun Aremu Gbadebo, stated that the suspension was due to Oba Owolabi’s failure to honor multiple invitations from both the Ogun State House of Assembly and the Council’s Ethical Committee. The suspended monarch had previously been arraigned before a Magistrate Court in the Owode-Egba area in October 2024, facing charges of defrauding one Michael Adeyemi of N75 million and assaulting a police officer. The charges include felony, fraudulent conversion, and assault. The controversy began on January 29, 2024, when the Agboro Olatunde Community Development Association petitioned the Ogun State House of Assembly, accusing the monarch of illegally acquiring land. In response, the Assembly scheduled meetings on July 8, 10, and 17, 2024, at the State House of Assembly complex in Oke-Mosan, Abeokuta. Despite multiple notifications, Oba Owolabi allegedly failed to attend... READ MORE 👉 https://lnkd.in/dceCehRq #LandGrabbing #ogunmonarch

Trump’s Mass Deportation Plan Won’t Fix Housing Crisis, Say Experts The mass deportations of immigrants that President-elect Donald Trump has promised aren’t likely to make a dent in the nation’s housing crisis, many experts say, despite what he and his supporters claimed during his campaign. Experts say the reasons for that are many. Immigrants in the U.S. without documentation are more likely to live in low-income rental housing than they are to live in higher-income areas or to buy homes. They often live in multigenerational groups with many people in a household. And they are a key cog in the construction industry, meaning fewer homes would get built without their labor. Yet, as the United States’ ongoing housing crisis grew more visible this year, Trump seized on immigration as a chief cause. “Immigration is driving housing costs through the roof,” he said at a September rally in Arizona... READ MORE 👉 https://lnkd.in/dug4Y-XC #housingcrisis #MassDeportations #DonaldTrump

Housing Demand in Africa will Create $1.4trn Investment Opportunity by 2050 Africa presents a unique and unparalleled investment opportunity, according to Akinwumi Adesina, President of the African Development Bank (AfDB). Speaking at the opening of the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco, Adesina highlighted the continent's immense potential in key sectors such as food, housing, and infrastructure. A Growing Market with Vast Potential Adesina emphasized Africa's economic and demographic transformations, citing data that underscores its growing importance in the global economy. The African food market is projected to reach $1 trillion by 2030, driven by increasing demand for agricultural products and value-added food industries. Infrastructure demand across the continent creates an annual investment opportunity of at least $170 billion, encompassing energy, transport, digital infrastructure, water, and sanitation... READ MORE 👉 https://lnkd.in/drg7jDZ8 #investmentopportunity #GreenInitiatives #africa

FG Issues Ultimatum to Developers on Lagos Shoreline to Regularise or Risk Revocation The Federal Government has given a one month ultimatum to developers on the shoreline in Lagos to come up for regularisation or risk revocation and demolition. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa issued the ultimatum and warning today after the Inspection visit to the Lagos Lagoon Estates and shoreline front. Dangiwa is on official working visit to Lagos State to inspect the Federal government landed properties and assets. He is being accompanied by the Permanent Secretary, Dr. Marcus Ogunbiyi and some Directors of the Ministry. The Minister stated that developments on the Lagos shoreline must be orderly and in line with existing laws and regulations, adding that his meeting with the Lagos State Governor yesterday, arrived at a common agreement that the Federal Government and Lagos State Government will work together to ensure there is disciplined development on the Lagos Shoreline... READ MORE 👉 https://lnkd.in/d32m2NtJ #lagosshoreline #developers #ahmeddangiwa

Experts Call for Auction of Seized Assets to Support Affordable Housing Initiative The Housing Development Advocacy Network (HDAN), has commended the landmark court ruling ordering the forfeiture of 753 properties tied to corruption, calling for the government to auction the properties transparently and channel the proceeds into social housing for Nigerians. Festus Adebayo, Executive Director of HDAN, praised the decision by Justice Jude Onwuegbuzie as a pivotal moment in Nigeria’s fight against graft and a step toward addressing the nation’s housing deficit. “These properties should be auctioned in a transparent manner, with every naira generated directed toward building affordable housing for Nigerians who have been deprived of such opportunities due to corruption and looting of this nature,” Adebayo emphasized. The seized properties, located on a sprawling 150,500-square-meter estate in Abuja’s Lokogoma District, represent Nigeria’s largest asset forfeiture to date. Adebayo highlighted the critical need for accountability in managing such assets, warning against past instances where forfeited properties disappeared into opaque processes... READ MORE 👉 https://lnkd.in/dNbnXaCg #AffordableHousing #auction #socialhousing

Dangiwa Seeks Increased UN-Habitat Support for Nigeria’s National Urban Renewal and Slum Upgrade Programme ...Announces Plans for Nigeria’s First National Urban Forum Mid 2025 In a bid to strengthen Nigeria’s efforts in addressing urban development challenges, the Hon. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has called for increased support and collaboration from UN-Habitat. Speaking during a working lunch with the new Executive Director of UN-Habitat, Ms. Anaclaudia Rossbach, on the sidelines of the 2nd Session of the 2024 UN-Habitat Executive Board Meeting in Nairobi, the Minister emphasized the urgency of addressing Nigeria’s housing and urban challenges. Arc. Dangiwa underscored the critical state of housing in Nigeria, noting that over 75% of the country’s 42 million housing units are substandard, with nearly half of the population living in informal settlements. To address these challenges, he highlighted the Federal Government’s National Urban Renewal and Slum Upgrade Programme (NURSUP), which has completed projects at 54 sites nationwide, with 56 additional projects underway. These efforts aim to improve essential infrastructure such as water supply, solar-powered streetlights, access roads, drainage systems, and waste management solutions... READ MORE 👉 https://lnkd.in/dmWHpRJT #UNHabitat #1stNationalUrbanForum #NationalUrbanRenewal #slumupgrade

FG Commits $500,000 to UN-Habitat for Strengthened Global Partnerships, Housing and Urban Development Growth The Federal Government of Nigeria has reinforced its commitment to advancing urban development and addressing human settlement challenges by approving a $500,000 contribution to the United Nations Human Settlements Programme (UN-Habitat). The announcement was made by Nigeria’s Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, during the second meeting of the 2024 Executive Board of UN-Habitat held in Nairobi, Kenya, according to a statement released by the Minister's Special Assistant on Media and Strategy, Mr. Mark Chieshe. The session was chaired by Arc. Dangiwa, reflecting Nigeria’s pivotal leadership in the organization. Speaking at the meeting, UN-Habitat’s Executive Director, Ms. Anaclaudia Rossbach, commended Nigeria for its dedication to addressing urbanization challenges and advancing the global human settlements agenda. Ms. Rossbach praised Nigeria’s effective leadership of the UN-Habitat Executive Board and lauded Arc. Dangiwa for his focused stewardship as Chair. She also expressed gratitude for Nigeria’s recent approval of a $500,000 contribution to UN-Habitat... READ MORE 👉 https://lnkd.in/deiUBP2J #GlobalPartnerships #UNHabitat #UrbanDevelopment

Experts Forecast a Promising 2025 for Real Estate Sector Despite the rising inflation, a massive infrastructure deficit, a shallow financial environment, policy inadequacy, and increasing exchange rate pressure in the currency market, housing industry experts are foreseeing abundant opportunities for real estate in 2025 and beyond. The experts, who gathered during the UPDC Plc’s third Annual Real Estate Summit in Lagos, pointed out that amidst the odds, 2025 and beyond outlook for the real estate market is still promising. “The industry continues to be resilient, and more investors are anticipated to hedge their resources against uncertainties, particularly inflation,” they said. They observed that housing demand still remains high, attributing surge in demand for residential properties to population growth... READ MORE 👉 https://lnkd.in/dwwfZbv3 #realestate #2025Forecast