The Federal Government has renewed its drive to expand access to affordable housing, with about 430 staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority receiving housing allocations under the Renewed Hope Housing Programme.

The allocation is part of a partnership involving the Federal Ministry of Housing and Urban Development, the Federal Mortgage Bank of Nigeria, NMDPRA, Family Homes Funds Limited, CityCode Mortgage Bank, developers and the NMDPRA Staff Cooperative Society.

Allocation letters were presented to beneficiaries at the NMDPRA Auditorium in Abuja on September 23, 2026. The housing units are located across Abuja, Kano and Lagos.

Speaking at the event, the Minister of Housing and Urban Development, Muttaqha Rabe Darma, said the Federal Government was working to reduce the amount of income Nigerian workers spend on rent.

Darma said the government wanted to ensure that workers would no longer have to spend between 40 and 60 per cent of their incomes on accommodation.

He said the high cost of housing was putting significant financial pressure on Nigerian families and that reducing the amount spent on rent would allow households to use more of their income to meet other basic needs.

The minister said the Federal Government was working with relevant stakeholders and regulators to increase the supply of affordable housing across the country.

He also said the government was addressing the housing deficit, which he put at about 16 million housing units.

FG reviews abandoned housing projects

Darma disclosed that the ministry was conducting an assessment of abandoned housing projects across the country as part of efforts to increase the nation’s housing stock.

According to the minister, about 250,000 housing units within abandoned projects could potentially be recovered and made available to Nigerians, including civil servants.

He said the government was collecting information on abandoned projects in different states and engaging state governors on the possibility of taking over or acquiring some of the projects for allocation.

The minister also identified the high cost of land, building materials and infrastructure as some of the factors making homeownership difficult for many Nigerians.

He said the government was exploring different financing options, including the National Housing Fund and mortgage facilities, with particular attention to workers in the informal sector.

Darma further disclosed plans for a social housing programme targeting communities across the 774 local government areas, with the aim of expanding access to affordable homes for low- and middle-income Nigerians.

He said the housing strategy would require collaboration among federal institutions, state governments, mortgage institutions, developers and private investors.

The minister urged government agencies and other stakeholders to focus on delivering actual housing projects rather than limiting their efforts to discussions and policy announcements.

430 NMDPRA staff benefit from housing scheme

The NMDPRA Chief Executive, Rabiu Abdullahi Umar, said the housing initiative was part of efforts to improve the welfare of the authority’s workforce.

He said providing workers with greater housing security could contribute to their wellbeing and productivity.

Umar commended the Federal Government, the Ministry of Housing and Urban Development, FMBN and other partners involved in the programme.

The President of the NMDPRA Staff Cooperative Society, Abdullahi Danladi Auta, described the housing allocation as a significant milestone for the authority’s workforce.

He said about 430 NMDPRA staff would benefit from housing projects in Abuja, Kano and Lagos, at a time when rising land prices, construction costs and other housing expenses were making homeownership more difficult for workers.

365 units earmarked for Abuja

The Chief Commercial Officer of Renewed Hope SPV Limited, Dare Makinde, said the first phase of the project would provide different categories of homes to NMDPRA staff.

The housing types include two-bedroom and three-bedroom flats, as well as three-bedroom terrace houses with boys’ quarters and other categories of homes.

Makinde said 365 housing units were earmarked for Abuja, while additional units would be delivered in Kano and Lagos.

He also disclosed that the second phase of the project would commence in 2027.

FMBN provides mortgage support

The Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, said the initiative demonstrated how government housing policy could translate into practical homeownership opportunities for Nigerian workers.

Osidi disclosed that NMDPRA employees had subscribed to 359 housing units in Karsana, Abuja, and 14 units at Janguza, Kano.

He also said 197 National Housing Fund mortgage applications valued at approximately N8.3 billion were being packaged for submission to FMBN.

CityCode Mortgage Bank is working with the beneficiaries on their mortgage applications, while FMBN will facilitate financing for eligible applicants.

Osidi explained that FMBN’s involvement in the Renewed Hope Cities and Estates Programme goes beyond individual mortgages to include project financing and off-take support.

For the Karsana project, he said FMBN provided a N100 billion off-taker guarantee in addition to N19.9 billion in direct funding.

According to him, the financing support is designed to provide greater certainty for developers, support construction financing and help eligible Nigerian workers access completed homes through mortgage arrangements.

Osidi said FMBN would continue working with developers, primary mortgage banks, cooperative societies, employers and other financial-sector partners to increase the supply of affordable homes and improve access to mortgage finance.

He also highlighted FMBN’s Diaspora Mortgage Loan and its forthcoming Rent Assistance Product as part of the bank’s efforts to respond to changing housing needs.

The FMBN chief urged beneficiaries to work with the cooperative society, CityCode Mortgage Bank, FMBN and developers to complete their mortgage documentation and other requirements.

Government targets wider housing access

The 430-unit NMDPRA initiative forms part of the Federal Government’s wider Renewed Hope Cities and Estates Programme, which seeks to expand affordable housing supply and improve access to homeownership.

The programme also highlights the role of collaboration between government agencies, mortgage institutions, developers, employers and cooperative societies in financing and delivering housing.

For the NMDPRA beneficiaries, the current allocation provides access to housing in Abuja, Kano and Lagos, while the government continues to pursue broader measures aimed at increasing housing supply and improving access to affordable financing.

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About 430 staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) are set to benefit from a housing initiative under the Federal Government’s Renewed Hope Housing Programme.

The Minister of Housing and Urban Development, Engr. Dr. Muttaqha Rabe Darma, disclosed this on Wednesday in Abuja during the presentation of houses to the beneficiaries.

Darma said the initiative formed part of efforts to make home ownership more affordable for Nigerian workers and reduce the burden of rent on household incomes.

FG Targets 40–60% Rent Burden

The minister said the government was working to ensure workers no longer spend between 40 and 60 per cent of their income on rent.

“We are going to assure that in this country workers don’t spend 40 to 60 per cent of their income on rent,” Darma said.

He said reducing the amount workers spend on accommodation would ease financial pressure and allow families to meet other basic needs.

Darma also linked the high cost of housing to broader economic challenges, saying excessive housing costs could indirectly create incentives for corruption.

FG Targets 250,000 Abandoned Housing Units

The minister said the government was also reviewing abandoned housing projects nationwide as part of efforts to increase the country’s housing stock.

According to him, about 250,000 housing units in abandoned projects could potentially be recovered and made available to Nigerians, including civil servants.

“We are taking stock of them. We are taking statistics. We are moving to each and every state where we have these abandoned properties,” he said.

Darma said the Federal Government was engaging state governors on the possibility of taking over or acquiring some abandoned projects for allocation to civil servants and other Nigerians.

He also identified the rising costs of land, building materials and infrastructure as major challenges facing prospective homeowners.

Social Housing Programme to Cover 774 LGAs

The minister said the government was exploring financing options, including the National Housing Fund and mortgage facilities, particularly for workers in the informal sector.

He added that the planned social housing programme would target communities across the country, including the 774 local government areas.

The initiative is expected to involve partnerships among federal institutions, state governments, mortgage institutions, developers and private investors.

Darma urged government agencies and stakeholders to focus on delivering actual housing projects rather than limiting efforts to policy announcements.

430 NMDPRA Staff to Benefit

Speaking at the ceremony, NMDPRA Chief Executive Mallam Rabiu Abdullahi Umar said the authority was committed to improving staff welfare through initiatives that enhance productivity and wellbeing.

He said access to housing would provide greater security and stability for beneficiaries while strengthening their commitment to their responsibilities.

The NMDPRA chief commended the Federal Government, Ministry of Housing and Urban Development, Federal Mortgage Bank of Nigeria (FMBN) and other partners involved in the programme.

The President of the NMDPRA Staff Cooperative Society, Abdullahi Danladi Auta, described the housing allocation as a significant milestone.

Auta said about 430 NMDPRA workers would benefit from the initiative, with projects located in Abuja, Kano and Lagos.

365 Housing Units Earmarked for Abuja

The Chief Commercial Officer of Renewed Hope SPV Limited, Dare Makinde, said the first phase would provide different categories of housing units to NMDPRA staff.

The houses include two-bedroom and three-bedroom flats, as well as three-bedroom terraces with boys’ quarters and other categories across the project locations.

Makinde said 365 housing units were earmarked for Abuja, with additional units to be delivered in Kano and Lagos.

He also disclosed that the second phase of the project would commence in the coming year.

FMBN Managing Director Shehu Usman Osidi congratulated the beneficiaries and commended the partnership between NMDPRA, the Renewed Hope Housing Programme and other stakeholders.

He said the initiative demonstrated how collaboration could expand access to affordable housing and create more opportunities for workers to become homeowners.

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Nigeria Needs Deliberate Social Housing Programme to Ease Rent Crisis — Okoro

The Federal and state governments have been urged to adopt a deliberate social housing strategy that provides affordable homes for low-income Nigerians and reduces growing pressure on the rental market.

Chief M. I. Okoro, a Fellow of the Nigerian Institution of Estate Surveyors and Valuers, said Nigeria’s housing challenges could not be addressed solely through commercially priced developments.

He called on the government to work closely with estate surveyors, valuers and other built-environment professionals to develop sustainable funding structures for large-scale social housing.

Okoro said population growth, rural-to-urban migration and limited housing supply were driving rents and property prices beyond the reach of many households.

He explained that competition for a limited number of homes was creating a displacement effect across Lagos. As accommodation becomes more expensive in premium locations such as Ikoyi and Victoria Island, residents move towards the Mainland and other emerging areas, placing additional pressure on existing communities.

According to him, increasing the supply of affordable homes remains the most effective way to moderate rents and property prices.

Okoro proposed greater involvement by Nigeria’s 774 local government councils in housing delivery, noting that local authorities in some developed countries provide council flats and other forms of subsidised accommodation.

He maintained that functional and properly funded local councils could develop affordable rental homes within their communities, particularly when supported by state governments with land and infrastructure.

“Social housing is not meant to be driven by profit,” he said, stressing that government intervention must be intentional and targeted at households that cannot afford commercially priced properties.

The estate surveyor suggested that public revenue and dedicated contributions from large corporate organisations could be channelled into social housing funds.

He also urged the government to consult housing professionals on how such funds could be mobilised, managed and invested transparently.

Okoro acknowledged the Federal Government’s Renewed Hope Housing Programme as a positive intervention but questioned whether many of the homes being delivered would be affordable to low-income earners.

He argued that properties costing tens of millions of naira would remain inaccessible to workers without adequate incomes, affordable mortgages or substantial personal savings.

Although existing government-backed housing-finance initiatives provide long-term loans to qualified applicants, he noted that many Nigerians do not earn enough to meet the required repayments.

Okoro recommended testing a coordinated social housing programme across every state for at least one year, with local governments participating in the construction of mass housing.

He said simultaneous delivery across multiple communities could significantly increase supply, reduce demand pressure and eventually moderate rents.

The housing expert also identified difficult land-registration procedures as a major obstacle to affordable development.

He said the high official and unofficial costs associated with obtaining Certificates of Occupancy and registering property transactions were frequently passed on to buyers and tenants.

Simplifying land allocation, titling and registration processes, he added, would reduce development costs and encourage more private-sector investment.

Okoro also called for balanced development across Nigeria’s rural areas and smaller cities. Providing electricity, water, roads, communications and employment opportunities outside major urban centres could reduce forced migration to Lagos and other overcrowded cities.

He maintained that addressing Nigeria’s housing crisis would require coordinated action involving all levels of government, professional bodies, financial institutions and responsible private-sector organisations.

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The Federal Government has set a target to complete and deliver 100,000 housing units before 2027 as it intensifies implementation of the Renewed Hope Housing Programme.

The target is part of the government’s broader effort to increase housing supply, expand access to affordable homes and address Nigeria’s persistent housing deficit. The Federal Ministry of Housing and Urban Development has said several housing projects are already underway across the country.

The government is relying on a combination of direct public investment and public-private partnerships (PPPs) to accelerate construction and reduce some of the financing constraints that have historically slowed housing delivery.

Under the Renewed Hope programme, the government has been developing housing projects intended to serve different income groups, while also pursuing reforms around land administration, housing finance and project delivery.

The planned 100,000 units are expected to contribute to housing supply while generating economic activity across the construction value chain. Increased construction would create demand for cement, steel, roofing materials, electrical fittings, furniture, transportation and other building-related products and services.

The housing programme could therefore have an impact beyond the number of homes delivered. Large-scale construction has the potential to support employment and stimulate local manufacturing of construction materials.

However, achieving the target will depend heavily on the pace of construction and the government’s ability to overcome some of the challenges affecting housing projects across Nigeria.

Rising construction costs remain a major concern. The cost of building materials, land, labour and infrastructure continues to place pressure on developers and can affect both project timelines and the final price of completed homes.

Financing is another critical issue. Increasing the supply of houses will have limited impact on homeownership if potential buyers cannot access mortgages or other forms of affordable housing finance.

Recent Central Bank of Nigeria data has shown increased demand for housing-related credit, suggesting that more Nigerians are turning to formal financing to purchase or construct homes.

The government has also emphasised the importance of private-sector participation in meeting its housing objectives. Partnerships with developers, financial institutions and other investors are expected to help increase the scale and speed of housing delivery.

The 100,000-unit target therefore represents an important test for Nigeria’s housing policy. Completing the houses on schedule would increase the country’s housing stock, but the broader measure of success will be whether the homes are affordable, properly serviced and accessible to the households most affected by the housing shortage.

With the 2027 deadline approaching, attention will increasingly shift from announcements and project launches to actual completion figures and the number of homes ultimately handed over to Nigerians.

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The Federal Government has reaffirmed its commitment to delivering 100,000 housing units across Nigeria before the end of the current administration, saying work is progressing on multiple housing projects under its national housing programme.

The assurance was given by the Minister of Housing and Urban Development, Arc. Muttaqa Rabe Darma, during an inspection of the Federal Mortgage Bank of Nigeria (FMBN) headquarters in Abuja following the recent fire incident at the facility. The minister said the administration remains focused on fulfilling its campaign promise by accelerating the construction and delivery of affordable homes nationwide.

According to Darma, housing projects are currently at different stages of development across the country, with many expected to be completed and handed over to beneficiaries before the administration’s tenure ends. He noted that once completed, Nigerians will be able to see the impact of the government’s housing initiatives in various states.

The minister stressed that expanding access to affordable housing remains a priority of the Federal Government’s development agenda. He explained that increasing the supply of quality homes will help reduce Nigeria’s housing deficit, stimulate economic activity, create jobs, and improve living standards for citizens.

Darma also reiterated the government’s commitment to strengthening the country’s housing finance system through reforms at the Federal Mortgage Bank of Nigeria. He disclosed that efforts are underway to improve mortgage processing and increase the number of mortgages approved annually, making homeownership more accessible to Nigerians.

Industry stakeholders say achieving the 100,000-home target will require sustained collaboration between the Federal Government, private developers, financial institutions, and state governments. They note that timely project execution, adequate infrastructure, and accessible housing finance will be critical to ensuring the successful delivery and long-term sustainability of the programme.

Housing experts also believe that expanding affordable housing supply could stimulate demand for building materials, create employment across the construction value chain, and contribute significantly to Nigeria’s economic growth. They add that consistent implementation of housing policies will be essential to addressing the country’s estimated housing deficit while encouraging greater private sector participation in residential development.

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The Minister of Housing and Urban Development, Arc. Muttaqa Rabe Darma, has assured Nigerians that no critical records or customer data were lost in the recent fire incident at the headquarters of the Federal Mortgage Bank of Nigeria (FMBN) in Abuja. He said the bank’s digital backup systems ensured that operations and customer information remained fully protected despite the damage caused by the fire.

The minister gave the assurance after inspecting the affected sections of the bank’s headquarters alongside officials of the ministry and FMBN management. He expressed gratitude that no lives were lost during the incident and noted that the fire was largely confined to part of the second floor of the building. Preliminary findings indicate that the fire may have been caused by an electrical fault, although investigations by the relevant authorities are still ongoing.

Following the inspection, Darma said he was satisfied with the explanations provided by the bank’s management regarding its disaster recovery measures. According to him, FMBN’s cloud-based digital infrastructure successfully preserved all customer records and operational data, ensuring that mortgage services and other banking operations continue without disruption.

The minister also warned that anyone found negligent after the conclusion of the investigation would be held accountable. He stressed the importance of maintaining high safety standards within public institutions while ensuring that government agencies strengthen preventive measures against similar incidents in the future.

Reassuring contributors to the National Housing Fund and other customers, Darma urged Nigerians to continue using FMBN’s services, noting that the institution remains fully operational. He added that the Federal Government remains committed to strengthening the bank’s mortgage delivery system as part of broader reforms aimed at improving access to affordable housing across the country.

The minister reaffirmed the government’s commitment to expanding homeownership through the Renewed Hope Housing Programme, stating that reforms underway at FMBN are expected to improve mortgage accessibility and increase the number of mortgages processed annually. He disclosed that the government has directed the bank to enhance its internal processes with the goal of significantly increasing mortgage approvals each year.

Industry stakeholders say the incident highlights the growing importance of digital transformation and cloud-based data management within Nigeria’s housing finance sector. They note that robust digital infrastructure not only protects sensitive customer information but also ensures business continuity during emergencies, strengthening public confidence in housing finance institutions.

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The Federal Government has handed over completed housing units to beneficiaries under its Rent-to-Own Scheme in Abuja, reaffirming its commitment to expanding affordable homeownership and reducing Nigeria’s housing deficit through innovative housing finance initiatives. The homes were developed by Brains & Hammers Limited with funding from the Federal Mortgage Bank of Nigeria (FMBN) under the Renewed Hope Housing Programme.

Speaking during the symbolic presentation of keys, the Minister of Housing and Urban Development, Dr. Muttaqha Rabe Darma, said the initiative reflects President Bola Tinubu’s commitment to making decent and affordable housing accessible to more Nigerians. He described homeownership as a central pillar of the administration’s Renewed Hope Agenda and pledged that all approved beneficiaries under the Rent-to-Own Scheme would receive the keys to their homes before the end of the year.

The minister noted that the scheme provides an affordable pathway to homeownership, particularly for low- and middle-income earners who may not be able to afford the large upfront payments required to purchase homes outright. He added that the programme is designed to ease the burden of rising rents in major cities such as Abuja and Lagos while improving the welfare and living standards of Nigerians.

Managing Director and Chief Executive Officer of FMBN, Shehu Usman Osidi, explained that the delivery of the housing units, known as Bungalow City, experienced initial allocation challenges after part of the estate was assigned to security agencies. He said the bank established a joint technical committee with Brains & Hammers Limited to resolve the issues, ensuring that every profiled beneficiary received a home.

Osidi reaffirmed FMBN’s commitment to supporting the Federal Government’s affordable housing agenda through accessible mortgage financing and strategic partnerships with private developers. He said the bank would continue to expand opportunities for Nigerians to own homes through flexible financing models capable of addressing the country’s housing deficit.

Speaking on behalf of the beneficiaries, Sanusi Seidu Dantsoho expressed appreciation to the Federal Government and FMBN for providing many Nigerians with the opportunity to become homeowners. He pledged that residents would work together to maintain a peaceful, orderly, and well-managed estate while encouraging the government to sustain similar affordable housing programmes across the country.

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The Federal Government has directed the Federal Mortgage Bank of Nigeria (FMBN) to increase mortgage disbursements and raise its mortgage loan ceiling to ₦85 million as part of efforts to improve access to affordable housing and strengthen Nigeria’s housing finance system.

The Minister of Housing and Urban Development, Dr Muttaqha Rabe Darma, issued the directive while delivering the keynote address at the BusinessDay Real Estate Conference 2026 held in Abuja over the weekend.

According to a statement, the new directive is expected to enable the approval of at least 2,000 mortgages annually, while allowing contributors to the National Housing Fund (NHF) to access up to 25 per cent of their Retirement Savings Accounts (RSA) as equity contributions toward home ownership.

FG Moves to Address Nigeria’s Housing and Rent Crisis

As part of broader reforms in the housing sector, Darma said the ministry is developing new measures to tackle Nigeria’s worsening rental challenges.

The proposals include the establishment of a National Rent Registry, mandatory registration of large-scale landlords, stricter enforcement against the unlawful conversion of residential buildings, and the introduction of model tenancy legislation to ensure fairness for both landlords and tenants.

The minister also highlighted the ministry’s Land4Growth Initiative, the ongoing digitisation of land administration through the e-Certificate of Occupancy (e-C of O) programme, and the work of the National Housing Data Technical Committee.

According to the committee’s findings, Nigeria had an estimated housing deficit of about 15 million housing units as of 2025.

Renewed Hope Housing Programme Remains on Track

Reaffirming the Federal Government’s commitment to expanding affordable housing, Darma said implementation of the Renewed Hope Social Housing Programme remains on course.

He disclosed that the programme aims to deliver hundreds of housing units across each of Nigeria’s 774 local government areas, significantly increasing access to decent and affordable housing nationwide.

Stakeholders Invited to Shape Housing Reforms

The minister announced that the Ministry of Housing and Urban Development will commence formal stakeholder consultations this week on the proposed regulatory reforms.

He invited developers, investors, financial institutions, professional bodies, tenant associations and other stakeholders to contribute ideas that will strengthen Nigeria’s housing regulatory framework.

“The projects that will define Nigeria’s housing future are not yet built. The capital that will fund them is not yet fully mobilised. But the policy framework that will make them bankable, safe, and worth investing in is being written now. Come and help write it,” Darma said.

New Policy to Protect Homebuyers, Boost Investor Confidence

Darma said the ministry is finalising a National Housing and Built Environment Regulation Policy (NHBERP) aimed at improving transparency, accountability and investor confidence in Nigeria’s real estate sector.

He lamented that many Nigerians continue to lose their life savings to unlicensed property developers due to weak regulation and the absence of safeguards such as escrow arrangements for off-plan property transactions.

Despite the real estate sector contributing about 13.36 per cent to Nigeria’s Gross Domestic Product (GDP), the minister noted that inadequate regulation continues to discourage investment and expose homebuyers to fraud.

According to him, the proposed policy will introduce mandatory developer licensing, escrow protection for buyers’ funds, construction quality assurance mechanisms, professional registration requirements, and establish a National Housing Industry Data Observatory (NHIDO) to improve transparency across the sector.

He added that, under the proposed reforms, developers will no longer be allowed to market or sell off-plan housing projects without first obtaining the required licences and securing buyers’ funds in regulated escrow accounts.

The minister said the reforms are expected to align Nigeria’s housing market with international best practices while strengthening consumer protection, improving investor confidence and accelerating sustainable housing development across the country.

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The Federal Mortgage Bank of Nigeria has financed 1,590 housing units across Nasarawa State and disbursed more than N9.5 billion in home renovation loans to 10,601 civil servants as part of efforts to expand access to affordable housing in the state.

Managing Director and Chief Executive Officer of FMBN, Shehu Osidi, disclosed this while receiving Nasarawa State Governor, Abdullahi Sule, during a courtesy visit to the bank’s headquarters in Abuja.

Osidi said the interventions reflect the bank’s growing partnership with the Nasarawa State Government to improve housing delivery and enhance workers’ welfare through affordable mortgage financing.

“To date, the Federal Mortgage Bank of Nigeria has financed over 1,590 housing units across Nasarawa State. Beyond housing construction, we have disbursed over N9.5 billion in home renovation loans to 10,601 civil servants in the state, enabling thousands of hardworking families to improve the quality of their homes,” he said.

The FMBN boss disclosed that the bank is also financing mortgages for Nasarawa civil servants to purchase homes under the state government’s Owner-Occupier Housing Scheme.

According to him, N94.7 million has so far been disbursed to 29 beneficiaries under the programme, while more than N1.02 billion in National Housing Fund contributions has been refunded to 5,462 retirees from the state.

He noted that the partnership between FMBN and Nasarawa extends beyond housing construction, adding that work at the Lafia housing project has reached an advanced stage, while construction at other first-phase project locations will begin before the end of the third quarter of the year.

Osidi reaffirmed the bank’s commitment to President Bola Tinubu’s Renewed Hope Housing Programme, revealing that FMBN is financing housing projects nationwide and providing a N100 billion off-taker guarantee to accelerate project delivery.

He also highlighted the bank’s recent operational performance, stating that National Housing Fund collections increased from N103 billion in 2024 to a record N152.4 billion in 2025, representing more than 48 per cent growth over the previous highest annual collection.

The FMBN chief executive added that over 300,000 new contributors had joined the NHF scheme in the last two years, while NHF refunds rose from N13.2 billion paid to 40,426 beneficiaries in 2023 to N15.6 billion paid to 55,068 beneficiaries in 2025.

He further disclosed that the bank financed 6,911 affordable housing units nationwide in 2025, achieving 96 per cent of its annual target of 7,200 housing units.

Describing Nasarawa as one of FMBN’s strongest housing development partners, Osidi recalled that the state became the first in the country to allocate land for the Renewed Hope Housing Project after President Tinubu assumed office.

Governor Sule commended FMBN for supporting the state’s housing development agenda, describing the bank as a dependable partner committed to improving access to affordable housing.

“When you asked me to consider the Federal Mortgage Bank of Nigeria as a dependable partner, I want to tell you we already consider you a dependable partner. We already believe there is much more we can do together,” the governor said.

Sule disclosed that the establishment of the Nasarawa Geographic Information Service had positioned the state for large-scale housing development by completing statewide mapping, identifying suitable development corridors and planning the infrastructure required for housing projects.

He said the state is already working with several developers on projects, including the Peninsula Housing Project in Masaka and the Technology Village in Mararaba.

The governor added that ongoing collaboration with FMBN would deliver affordable housing projects in Lafia, Akwanga, Keffi, Toto and Gudi, particularly for low- and middle-income earners.

Speaking on the proposed N550 billion recapitalisation of FMBN, Sule urged the Federal Government to attract private sector investment into the bank.

“If we want to achieve this goal, we need to go beyond the federal government. There are many Nigerians and institutions with investible funds that will support the bank if they are convinced the resources will be well managed,” he said.

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The Cross River State Government has challenged housing corporations across Nigeria to move beyond constructing isolated estates and focus on developing scalable, replicable systems capable of bridging the nation’s widening housing deficit. Speaking on behalf of Governor Bassey Otu at a national housing workshop in Calabar, the Commissioner for Housing, Dr. Beatrice Igwe, emphasized that Nigeria’s shelter demand heavily outpaces current supply. This disparity persists primarily because conventional property development and financing models consistently exclude low-income earners from the formal property market.

To resolve these structural accessibility barriers, the state administration is piloting an innovative Public-Private-Community Partnership framework under its regional development agenda. As a practical step toward this goal, authorities announced the upcoming groundbreaking ceremony for a 500-unit housing estate in the Central Senatorial District on July 4, 2026. The state plans to expand this systematic model across its Northern and Southern senatorial zones to deliver 1,500 units statewide, while a specialized 50-unit social housing project targeted at indigent women has already reached an advanced stage of completion.

The state government urged real estate executives to standardize building designs, improve transparent operational collaborations, and actively engage institutional financiers to unlock long-term capital at scale. In tandem with sub-national efforts, the Federal Ministry of Housing and Urban Development reiterated its commitment to structural reforms aimed at positioning the construction sector as a driver of economic growth. Through the national Renewed Hope Housing Programme, the federal government is advancing property developments across all six geopolitical zones by prioritizing local building materials, overhauling land administration, and expanding mortgage accessibility.

Industry leadership underscored that modern construction technologies and alternative financing structures must be deployed to match the speed of Nigeria’s population growth. Sector experts concluded that sustainable homeownership will remain out of reach for ordinary citizens unless developers abandon fragmented building practices in favor of unified, macro-level structural systems.

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