FG Unveils Nationwide Drive To Make Housing Affordable For All Nigerians
The Federal Government has launched an ambitious national campaign aimed at turning the dream of homeownership into a reality for millions of Nigerians.
Speaking at the opening of the 19th Africa International Housing Show (AIHS) in Abuja, the Minister of Housing and Urban Development, Architect Ahmed Musa Dangiwa, outlined sweeping reforms designed to tackle the country’s long-standing housing deficit and make homes more affordable.
Dangiwa said the Tinubu administration is focused on addressing the structural and economic hurdles such as inflation, low incomes, and a weak Naira that have kept decent housing out of reach for many. “We are not just building houses,” he stressed, “we are laying the foundation for a new era of housing reform in Nigeria.”
Key pillars of the campaign include:
State-by-State Homeownership Drive: Housing Reform Champions will be deployed across the country to work with governors, facilitate roundtables, and provide support to deliver affordable homes tailored to local needs.
Renewed Hope Housing Programme: This three-tier initiative includes Renewed Hope Cities in major urban centres, Renewed Hope Estates in 30 states, and Renewed Hope Social Housing in every Local Government Area for low-income Nigerians.
Creative Housing Finance: The MOFI Real Estate Investment Fund (MREIF) will provide long-term mortgage finance at 12%, while the Federal Mortgage Bank of Nigeria (FMBN) rolls out Rent-to-Own schemes and rental assistance products to ease the burden of lump-sum rent payments.
Urban Renewal and Slum Upgrades: Over 150 projects are ongoing to provide clean water, roads, and solar energy, in line with UN-Habitat goals.
Local Materials for Local Homes: New hubs for building material production are being set up in all six geopolitical zones to slash construction costs and stimulate local economies.
Former Minister Jerry Gana and other stakeholders welcomed the initiative, urging stronger collaboration between government, private sector, and communities.
They called for ramped-up local material production and decentralised infrastructure delivery to empower states and LGAs.
With Nigeria’s housing deficit estimated at 22 million units, the minister says this renewed push is backed by political will and measurable commitments through an Experts-led National Housing Policy Committee to ensure real change reaches the grassroots.
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