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The real estate sector's GDP growth rate declined in 2024, with rates of 0.84%, 0.75%, and 0.68% in Q1, Q2, and Q3 respectively. These figures lagged behind the national GDP growth rate.
Nigerians have not experienced a joyful and celebratory Christmas and New Year's in over 20 years, with records showing a trend of issues being carried forward into the new year. The current festive season may follow a similar pattern as previous ones.
Nigeria's fuel subsidy removal has sparked concerns about its impact on Nigerians' socioeconomic well-being, with potential effects on prices and living costs. The move is expected to affect households, businesses, and the overall economy.
Minister of Works David Umahi commended progress on the Lagos-Calabar Highway Project, describing it as a "signature of excellence and innovation". The project is a major development in Nigeria's road infrastructure.
