Financial Vanguard findings revealed that the increasing apathy to real estate investment by PFAs is due to many factors mainly, arbitrary revocation of Certificate of Occupancy, CoO, by state governments, regulatory bottlenecks, naira depreciation and macroeconomic headwinds.

The Federal Government has announced plans to deliver 100,000 social housing units for vulnerable groups across all 774 Local Government Areas (LGAs).

Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market.

The Lagos State government has sealed a deal with the federal government to begin a 68km Green Line rail project connecting Marina, Victoria Island, Lekki Free Trade Zone and Ajah areas of the state.

Nigeria is one of the 48 countries that has a trade deficit with the United States of America, a major trading partner of one of Africa’s largest economy.

The federal government through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the Series 1 issuance of N150 billion for the Real Estate Investment Fund (MREIF), designed to address the nation’s housing deficit and stimulate economic activity in the real estate and construction sectors.

The rate of inflation at the end of December 2024 stood at 34.80 per cent which exceeded the 21.40 per cent that the Central Bank of Nigeria had set as a target for the year.

Nigeria’s one-year Treasury bill auction was oversubscribed to the tune of N2.49 trillion as investors lock in on current yields as they price in a rate cut after rebasing of inflation rate.

Rising inflation, interest rates, and naira depreciation could push 13 million more Nigerians below the national poverty line by 2025.

The average price of food in Nigeria rose by an astonishing 97% year-on-year from November 2023 to 2024.