The Federal Government has mobilised over ₦70 billion in private capital to support its Renewed Hope Housing Programme, a national initiative aimed at reducing Nigeria’s housing deficit through public-private partnerships.
The announcement was made by the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, at the 19th Africa International Housing Show in Abuja. He also launched a state-by-state housing development campaign, reinforcing the administration’s commitment to delivering affordable homes across all 36 states and the FCT.
“This administration is not just building houses; we are laying the macroeconomic and structural foundations that will make housing truly affordable and sustainable,” Dangiwa said during his keynote address.
A statement issued by Mark Chieshe, Special Assistant on Media & Strategy to the Minister, confirmed that the programme’s funding will drive large-scale urban housing developments and create jobs in the construction sector.
The Renewed Hope Housing Programme is structured around three key components: Renewed Hope Cities, Renewed Hope Estates, and Renewed Hope Social Housing Estates. These tiers are designed to cater to various income groups, ensuring inclusive access to quality housing.
Dangiwa also announced new housing support initiatives by the Federal Mortgage Bank of Nigeria, including a Rent-to-Own Scheme and a Rental Assistance Product. Both products are aimed at easing access to affordable housing for urban workers and young families. The upcoming MOFI Real Estate Investment Fund is also expected to expand access to long-term mortgage financing.
In a major policy shift, the Minister unveiled a nationwide campaign to strengthen subnational implementation of housing policies. The initiative will involve embedding housing reform champions in state agencies, hosting housing roundtables, and supporting viable project development at the state level.
“We are bringing federal and state governments, private developers, and international partners into closer alignment to deliver housing solutions that meet local needs,” Dangiwa said.
He reaffirmed the government’s commitment to urban renewal and slum upgrading in line with global standards such as the UN-Habitat Global Action Plan and the Addis Declaration on Inclusive Urban Development. “No one and no place is left behind,” he added.
Calling for stronger collaboration, Dangiwa urged development finance institutions, donor agencies, and private investors to act on insights shared at the Africa International Housing Show and deliver real results.
“Housing is not a privilege it is a right. When we invest in housing, we invest in people, jobs, cities, and our collective future,” the Minister concluded.
The Renewed Hope Housing Programme represents one of Nigeria’s most determined efforts to solve its housing crisis through sustainable financing and nationwide collaboration.
