The Federal Government has announced the activation of a N250 billion housing intervention fund aimed at reducing Nigeria’s long-standing housing deficit and driving economic growth under President Bola Tinubu’s Renewed Hope Agenda.
The initiative was disclosed in Abuja at the 8th Affordable Housing Finance and Investment Summit 2025, where top government officials outlined ongoing reforms designed to expand access to affordable homes for Nigerians.
The Minister of Housing and Urban Development, Ahmed Dangiwa, represented by Pemi Temitope, said the fund forms part of a wider strategy to build more houses, stimulate local industries and support job creation across the construction value chain.
Dangiwa said the government’s Phase 1 programme is already targeting 50,000 new housing units, with more than 10,000 currently under construction across 15 locations nationwide.
He noted that housing is being treated “not as a cost, but as an economic engine” capable of lifting communities and boosting national productivity.
To tackle the rising cost of building materials—a major barrier to affordability—the ministry announced plans to establish Building Materials Manufacturing Hubs across all six geopolitical zones, a move expected to reduce dependence on imports and ease supply bottlenecks.
The Minister of Finance, Wale Edun, represented by Alhaji Ali Mohammed, confirmed that the housing sector remains a priority. He said the government’s N250bn intervention programme will give developers easier access to financing and help accelerate nationwide housing delivery.
Edun added that the Federal Government Staff Housing Loan Board is being restructured to increase loan access for civil servants and support long-term homeownership.
Former Chief of Staff to the President, Prof. Ibrahim Gambari, said housing plays a critical role in national stability, describing “housing security” as a core element of broader economic and human security.
Convener of the summit, Dr. Yemi Adelakun, urged stakeholders to collaborate and ensure that more Nigerians benefit from what he called “Tinubu houses,” noting that successful housing programmes generate jobs and stimulate economic growth.
