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This is a paid advertisement for EnergyX Regulation A offering. Please read the offering circular at invest.energyx.com. Under Regulation A, a company may change its share price by up to 20% without requalifying the offering with the Securities and Exchange Commission.
Feb 24, 2026
Lagos’s housing market has shifted from a cost-of-living challenge into a macroeconomic risk factor, with working and middle-income households routinely spending an unsustainable share of income on rent. Disproportionate shelter costs are compressing consumer spending, eroding productivity and undermining broader economic growth prospects in Nigeria’s largest city.
Lagos is emblematic of how an overheated housing market can extend beyond individual hardship to affect broader economic performance. Affordability has deteriorated to the point where households are spending 50– 70 per cent of income on rent, far above the globally recommended threshold of 30 per cent. This pattern is symptomatic of structural dysfunction, not a temporary spike.
Behavioural and economic indicators show that high shelter costs have two direct macroeconomic implications: lost consumer demand as income is diverted from goods and services and diminished labour productivity, tied to longer commutes and housing instability.
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The Federal Government of Nigeria has committed to allocating up to five per cent of the nation’s Gross Domestic Product (GDP) to industrial financing, a central pillar of the newly released Nigeria Industrial Policy (NIP) 2025. The policy, unveiled by the Federal Ministry of Industry, Trade and Investment, seeks to stimulate domestic production, enhance export competitiveness, and drive sustainable job creation through targeted financing mechanisms and public-private partnerships.
The Nigeria Industrial Policy 2025 underscores that robust financing is a prerequisite for successful industrial transformation. To this end, the framework formalises a commitment to channel up to 5 % of GDP annually into industrial financing, leveraging both public resources and private capital participation.
Nigeria’s capital market has significantly increased its contribution to the nation’s Gross Domestic Product (GDP), rising to 33 per cent as total market capitalisation exceeded ₦123.93 trillion, according to figures disclosed by the Securities and Exchange Commission (SEC) on February 22, 2026. The growth reflects a 125 per cent expansion in market value from about ₦55 trillion in April 2024 within the current administration’s tenure.
In his inaugural address to the Capital Market Working Group on Market Liquidity, SEC Director-General Dr Emomotimi Agama highlighted the remarkable expansion of the Nigerian capital market since April 2024. Total market capitalisation surged from roughly ₦55 trillion to over ₦123.93 trillion, representing a 125 per cent increase within 23 months. This rise underscores robust investor confidence and heightened market participation in the equities and fixed-income segments.
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President Bola Tinubu’s Executive Order on oil and gas revenue remittance is poised to increase the funds available to the Federal Government, state administrations and local councils by directing all petroleum revenues straight into the Federation Account, eliminating earlier layered deductions that constrained inflows to government coffers, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said.
In a statement issued from Abuja, the Chairman of the RMAFC, Dr Mohammed Shehu, welcomed the Executive Order, noting it will enhance transparency in revenue flows and strengthen fiscal federalism by ensuring revenues due to all three tiers of government are fully and directly remitted into the Federation Account without unnecessary deductions.
