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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Anambra to crash rising rents with new mass housing policy

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Anambra State plans to launch a mass housing policy in partnership with the private sector to combat rising rents and housing deficits.
  • The state government also proposed a new law requiring licenses for scrap dealers to curb vandalism and theft of public property.
  • Decisions were made during the Anambra State Executive Council meeting, which also approved projects including a floodwater diversion channel and new medical equipment.

Anambra State is set to tackle its escalating housing costs and significant housing deficit by developing a new mass housing policy. The state government, in collaboration with the private sector, aims to increase housing supply and stabilize rental prices.

On June 8, 2026, the Soludo governmentโ€™s second-term Anambra State Executive Council met for the second time at the Light House, Awka, and made several significant decisions, including to develop a policy for mass housing.

โ€” Law MeforState Commissioner for Information and Value Reformation, announcing key council decisions.

This initiative was a key resolution from the Anambra State Executive Council meeting held in Awka. Commissioner for Information and Value Reformation, Law Mefor, disclosed that the council decried the current housing deficit and resolved to address the supply side of the market. The partnership with the private sector is intended to ensure sufficient housing availability across the state.

The Council decried the housing deficit in Anambra State. It resolved to tackle the supply side to address the twin issues of rising house rents and the private sectorโ€™s partnership with the government to ensure sufficient housing in the state.

โ€” Law MeforExplaining the rationale behind the mass housing policy.

In addition to housing, the council proposed legislation to regulate the scrap business, requiring licenses for scrap dealers, including those handling scrapped vehicles. This measure is a response to increasing reports of vandalism and theft of public property within the state. The proposed law aims to enhance monitoring and surveillance of the sector.

For purposes of monitoring and surveillance, the proposed law will require the licensing of scrap dealers, including those dealing in scrapped vehicles. The legislation follows increasing reports of vandalism and theft of public property in the state.

โ€” Law MeforDetailing the proposed law to regulate the scrap business.

Further decisions from the meeting included a requirement for companies bidding on state projects to demonstrate tax worthiness as a prequalification criterion. This aims to ensure the state benefits fully from corporate partners. The council also resolved to involve university professionals in project design, execution, and delivery, bridging theory and practice. Approved projects include a floodwater diversion channel in Ezioko, Oko-Nanka, and the supply of new medical equipment to General Hospital, Oroma Etiti.

The Council approved the sum of N801.6 million for the construction of a floodwater diversion channel at Ezioko, Ok

โ€” Law MeforAnnouncing specific project approvals.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.