He disclosed this at the Meet The Press programme at the Presidential Villa, Abuja.

The minister emphasized the vital role of the housing sector in boosting economic growth and providing employment opportunities across Nigeria.

The housing programme, which includes the construction of more than 10,000 housing units across the country, has not only contributed to reducing the housing deficit but also significantly impacted job creation.

The minister revealed that an average of 25 jobs have been created for each housing unit, generating over 252,800 jobs in total.

These jobs span a wide range of professions, from architects, engineers, and surveyors to masons, carpenters, plumbers, and general labourers.

At an average of 25 jobs per housing unit, we have directly and indirectly created over 252,800 jobs across the country,” Minister Dangiwa explained.

“From architects, engineers, and surveyors to masons, carpenters, plumbers, and general labourers, the Renewed Hope Cities and Estates Programme is revitalizing communities and providing meaningful employment opportunities,” he said.

The minister also highlighted the positive economic impact of these jobs, noting that many workers earn daily wages averaging N5,000, which provides a steady source of income above the national minimum wage.

“This is contributing to economic stability and reducing crime, ensuring that workers and their families have a better standard of living,” he said.

The Renewed Hope Cities and Estates Programme is a key component of the government’s strategy to address Nigeria’s housing deficit while driving economic development.

The  minister emphasized that the housing initiative is a crucial part of President Bola Tinubu’s vision for inclusive urban development.

He  further elaborated on the government’s commitment to affordable housing.

The National Housing Fund (NHF), administered by the Federal Mortgage Bank of Nigeria (FMBN), allows citizens to access loans of up to N50 million at a 6% interest rate, with a repayment period of up to 30 years.

He also pointed out the introduction of the Rent-to-Own scheme, which enables citizens to gradually pay for homes over three decades without an initial equity contribution.

“We are not just building houses; we are building hope, jobs, and economic opportunity,” Minister Dangiwa concluded.

“We are creating a Nigeria where every citizen, regardless of income, can aspire to a decent home and a thriving urban environment.

“ This is our commitment to the people, and we will continue to serve with dedication and passion,” he said.

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Speaking at the 7th Nigeria Diaspora Investment Summit in Abuja on Tuesday, Tinubu emphasised that his administration’s sweeping reforms aim to pave the way for Diaspora-driven investments crucial for Nigeria’s prosperity.

“The Diaspora plays a critical role in any nation’s development. You, our brothers and sisters abroad, and an indispensable asset to our great nation.

“You are not only ambassadors of Nigeria but torch-bearers of excellence and innovation,” said Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume.

He urged the Diasporans to leverage their global expertise and resources to bridge Nigeria’s development gaps, stressing that the nation is at a critical juncture where such investments are more vital than ever.

With the summit’s theme, ‘Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity,” the government called for collaborations to stabilize and boost key economic sectors.

“We recognise that by leveraging on your knowledge, expertise, and global connections, we can fuel our nation’s progress and thus bridge the developmental gap between Nigeria and the rest of the world.

“This is why the theme of this year’s Summit is not only relevant but underscores the role you can play in helping us secure a brighter future for all Nigerians,” he added.

Tinubu assured investors that Nigeria is actively restructuring areas such as finance, healthcare, energy, and ICT to foster a business-friendly climate.

The president also underscored his administration’s commitment to tackling longstanding issues, particularly economic reforms and security.

Major steps, including fuel subsidy removal and currency adjustments, were highlighted as part of efforts to stabilise the economy and reduce dependence on imports.

Security, Tinubu noted, is a cornerstone of the administration’s agenda, with the government’s multi-pronged approach showing significant impact.

He cited recent gains, including the release of over 4,600 hostages and the neutralization of thousands of militants, as proof of the administration’s resolve to address insecurity.

Tinubu concluded by stressing that the government’s bold reforms depend on strong support from the Diaspora.

“The Diaspora are our invaluable partners in this journey to national prosperity and unlocking the full potential of our initiatives, thus Diaspora involvement is not just welcomed; it is essential.

“We are well aware of the need to structurally engage and leverage on talent and resources of the Diaspora in achieving a prosperous nation,” he added.

The summit coordinator, Dr. Badewa Adejugbe-Williams, described it as a “movement” aimed at mobilising the Diaspora’s resources for long-term national growth.

The summit, organized by NIDCOM and the Nigeria Diaspora Investment Summit Initiative, drew leading entrepreneurs and Diasporan investors, showcasing investment opportunities across multiple sectors.

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