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Francis Uka

added blog Real Estate
2025-07-01 09:12:16 -

Abuja Embassy Real Estate Faces Major Crisis Over Unpaid Ground Rent
Diplomatic buildings in Abuja are now under the spotlight as 34 embassies face possible closure for owing ground rent; some for over a decade. Yes, you read that right. From Ghana to Russia, and even Equatorial Guinea; which reportedly owes over ₦1.1 million: the Federal Capital Territory Administration (FCTA) is cracking down hard. This isn’t just about money; it’s about land-use...

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Francis Uka

added blog Real Estate
2025-04-23 05:36:11 -

Lagos Real Estate: Assembly Tackles Arbitrary Rent Hikes
In what happens to be a bold move that could bring relief to millions of tenants, the Lagos State House of Assembly has called on the Attorney-General and Commissioner for Justice to enforce the full implementation of the Lagos Tenancy Law of 2015. This directive comes amid the growing public outcry over arbitrary rent increases by landlords across the state, especially in densely populated...

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Francis Uka

added blog Real Estate
2025-04-11 10:44:30 -

Nigeria’s Soaring Rents: A Real Estate Housing Crisis
Nigeria’s urban residents are facing a housing affordability crisis like never before. Over the past year or two, rents in major cities have doubled, pricing out millions of people and placing significant strain on lots of working-class families. With a 28-million-unit housing deficit, the gap between supply and demand has widened to alarming levels—fuelled by inflation, tax hikes,...

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