The Minister of Housing and Urban Development, Ahmed Dangiwa, has provided fresh insights into President Bola Tinubu’s Renewed Hope Housing Programme, describing it as a comprehensive economic and social intervention rather than a conventional housing scheme.
Dangiwa said the programme was designed to address Nigeria’s long-standing housing deficit while promoting wealth creation, poverty reduction and inclusive homeownership.
He noted that many Nigerians initially viewed the initiative with scepticism due to past experiences with government housing policies, but stressed that the Renewed Hope Housing Programme marked a significant departure from previous efforts.
According to the minister, the initiative is anchored on innovative financing models, including single-digit interest rate mortgages, rent-to-own schemes with zero down payment, and a newly introduced Digital Housing Portal aimed at improving transparency and access. He credited President Tinubu’s political will and policy direction for making housing a priority under the Renewed Hope Agenda.
Dangiwa explained that the programme was inspired by Nigeria’s housing deficit, estimated at over 20 million units, compounded by limited access to affordable housing finance for most citizens. He said the administration was determined to reset the housing sector and ensure that Nigerians across all income levels had a fair opportunity to own homes.
The minister disclosed that the housing initiative is structured around three key components. The first is the Renewed Hope Cities, which will consist of large, master-planned developments of at least 1,000 housing units in major urban centres. These projects are expected to attract high-income earners and diaspora investors while stimulating job creation and economic activity.
The second component, Renewed Hope Estates, will deliver 250 housing units in each state capital, targeting middle-income Nigerians such as civil servants, teachers, health workers, artisans and traders. Dangiwa said the estates are designed to bring affordable housing closer to workplaces and improve quality of life.
The third pillar, Renewed Hope Social Housing Estates, focuses on low-income and vulnerable Nigerians. Under this plan, 100 affordable homes will be built in each of the country’s 774 local government areas, marking what the minister described as the first structured attempt to spread housing development equitably across all LGAs.
Dangiwa said the ministry was working through public-private partnerships to ensure scale and sustainability, adding that the programme would have a long-term impact on Nigeria’s housing market and broader economy.
