Reps seek real estate regulator to curb fraud, boost housing investment
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Punch Newspaper
Reported by Tosin Oyediran
Mon, 2 Nov 2026, 16:58
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Source Attribution: Punch Newspaper
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The House of Representatives has called for a comprehensive regulatory framework for Nigeria’s real estate sector to curb fraudulent practices, protect homebuyers and unlock investment in the country’s housing market. The Chairman of the House Committee on Housing and Habitat, Abdulmumini Jibrin, said the proposed National Real Estate Regulatory Authority would address longstanding institutional gaps, overlapping responsibilities and weak consumer protection that had hindered the sector’s growth.
Context & Background
✦But as the Minister of Housing of the Federal Republic of Nigeria, he does not have jurisdiction over all the agencies and institutions that have to do with housing.
Key Figures & Named Entities
Monday:Jibrin made the call on Monday in Abuja at a stakeholder conference on the proposed National Real Estate Regulatory Authority, with the theme, “One vision, one ecosystem, one National Housing and Real Estate Plan.” He said an assessment of the sector since he assumed office had shown that Nigeria was yet to harness its enormous housing and real estate potential, largely because of inadequate regulation and the absence of a coordinated national framework.today:“Our population, as of today, is estimated to be about 240m.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦The House of Representatives has called for a comprehensive regulatory framework for Nigeria’s real estate sector to curb fraudulent practices, protect homebuyers and unlock investment in the country’s housing market.
✦The Chairman of the House Committee on Housing and Habitat, Abdulmumini Jibrin, said the proposed National Real Estate Regulatory Authority would address longstanding institutional gaps, overlapping responsibilities and weak consumer protection that had hindered the sector’s growth.
✦But as the Minister of Housing of the Federal Republic of Nigeria, he does not have jurisdiction over all the agencies and institutions that have to do with housing.
Key Facts:Monday: Jibrin made the call on Monday in Abuja at a stakeholder conference on the proposed National Real Estate Regulatory Authority, with the theme, “One vision, one ecosystem, one National Housing and Real Estate Plan.” He said an assessment of the sector since he assumed office had shown that Nigeria was yet to harness its enormous housing and real estate potential, largely because of inadequate regulation and the absence of a coordinated national framework.today: “Our population, as of today, is estimated to be about 240m.
Editorial Excerpt
The House of Representatives has called for a comprehensive regulatory framework for Nigeria’s real estate sector to curb fraudulent practices, protect homebuyers and unlock investment in the country’s housing market.
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
The House of Representatives has called for a comprehensive regulatory framework for Nigeria’s real estate sector to curb fraudulent practices, protect homebuyers and unlock investment in the country’s housing market.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, National Assembly of Nigeria, Tajudeen Abbas.
What timeline or key figures were confirmed?
Jibrin made the call on Monday in Abuja at a stakeholder conference on the proposed National Real Estate Regulatory Authority, with the theme, “One vision, one ecosystem, one National Housing and Real Estate Plan.” He said an assessment of the sector since he assumed office had shown that Nigeria was yet to harness its enormous housing and real estate potential, largely because of inadequate regulation and the absence of a coordinated national framework.
