Government & Policy Updates

The Federal Government, through the Nigerian Investment Promotion Commission (NIPC), has extended pioneer status incentives for companies involved in the

The Lagos State Government has begun rolling out the 2027 Land Use Charge (LUC) bills to property owners. This annual

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria held the Monetary Policy Rate (MPR) steady at 26.50%

The Federal Government has expanded the Renewed Hope Housing Programme in 2026 with a new ₦15 million interest-free loan window

Lagos State Government has released updated Estate Development Guidelines that will take effect from June 1, 2026. The new rules

Lagos State has officially announced an 18% increase in the Land Use Charge (LUC) for the 2027 assessment year, while

The Federal Government has introduced a new Housing Development Levy on luxury and high-end residential properties valued above ₦250 million,

The Nigerians in Diaspora Commission (NiDCOM) and the Federal Mortgage Bank of Nigeria (FMBN) have jointly launched an Enhanced Diaspora

The Federal Government has announced the extension of key tax incentives for real estate developers until December 2028. This includes

Lagos State has rolled out a new fully digital Building Permit System in April 2026, significantly cutting approval time from

The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by another 50 basis points to 25.25%

Ogun State has launched a new fully digital building permit system effective April 2026, dramatically reducing approval time from the

The Federal Government has extended the Pioneer Status Incentive (PSI) tax holiday for companies manufacturing modular and prefabricated housing components

The Federal Mortgage Bank of Nigeria (FMBN) has officially reduced the interest rate on its Renewed Hope Cities/NHF mortgage scheme

Key Takeaways Extension: Diaspora Housing Incentive Scheme extended to December 2028 with new tax breaks up to 15% on property

Key Takeaways Subsidy Boost: Renewed Hope subsidy jumps from ₦10M to ₦15M per unit effective March 2026. Target: Solar-ready mid-market