The Federal Government has successfully secured over ₦70 billion in private sector funding through Public-Private Partnerships (PPPs) to accelerate the delivery of affordable housing under the Renewed Hope Housing Programme. This development marks a pivotal step toward reducing Nigeria’s staggering housing deficit, currently estimated at over 20 million units.
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, made this announcement while opening the 19th Africa International Housing Show (AIHS) in Abuja. Dangiwa outlined a robust strategy to make affordable housing accessible nationwide, unveiling a new state-by-state housing development campaign anchored on collaboration between federal, state, and private actors.
“This administration is not just building houses—we’re laying the macroeconomic and institutional foundations to make housing affordable and sustainable for every Nigerian,” Dangiwa stated during his keynote address.
The Renewed Hope Housing Programme is structured into three tiers:
Renewed Hope Cities – Large-scale urban housing projects across major cities.
Renewed Hope Estates – Mid-size residential developments in peri-urban areas.
Renewed Hope Social Housing Estates – Targeted at low-income earners and vulnerable groups.
Each tier is designed to cater to different income brackets, ensuring inclusivity and socio-economic integration.
According to the Minister, these projects will be fast-tracked through new investment channels and reforms aimed at reducing the time, cost, and complexity of land acquisition and development approvals.
In support of the national housing strategy, the Federal Mortgage Bank of Nigeria (FMBN) is also introducing new financial products, including:
Rent-to-Own Scheme
Rental Assistance Product
These tools are tailored to support urban workers and young families struggling to access mortgage financing. Additionally, the government is finalising the MOFI Real Estate Investment Fund to channel institutional capital into long-term, affordable mortgage products.
“With these instruments, we’re bringing the dream of homeownership within reach of millions of Nigerians,” Dangiwa added.
A standout policy shift is the launch of a state-focused housing campaign, designed to embed federal housing champions within state governments. These technical teams will coordinate state-level housing roundtables, offer implementation support, and help unlock financing for viable projects.
“This decentralised approach allows us to align federal vision with local realities,” the Minister explained. “It will enable tailor-made solutions that reflect the specific needs of each state.”
The initiative is expected to bridge coordination gaps between federal and subnational agencies and galvanise real estate developers, financial institutions, and donor organisations into strategic alignment.
Beyond housing delivery, the Federal Government also reaffirmed its commitment to urban renewal and slum upgrading, aligning its plans with the UN-Habitat Global Action Plan and the Addis Declaration on Inclusive Urban Development.
Dangiwa stressed the importance of ensuring no community or demographic group is excluded, noting that housing plays a central role in achieving social stability, job creation, and urban resilience.
“Housing is not a privilege—it is a fundamental human right. Every home we build is an investment in our people, our economy, and our collective future,” he concluded.