Nigeria’s housing deficit—currently estimated at over 28 million units—remains one of the country’s biggest development challenges, but the Federal Government has announced a nationwide broader strategy to close this gap and provide affordable housing solutions under the Renewed Hope Agenda. At the commissioning of the FHA Express View Estate 1 and FHA Complex in Lugbe, Abuja, the Minister of Housing and Urban Development, Ahmed Dangiwa, represented by the ministry’s Permanent Secretary, Dr. Shuaib Belgore, explained that the new projects are part of ongoing housing initiatives designed to bring the Renewed Hope vision to life. He emphasized that the government is not only building estates but also delivering a plan that makes housing accessible, sustainable, and affordable for Nigerians.
Through the Renewed Hope Cities Project, more than 3,000 houses are to be delivered in major cities, while the Renewed Hope Social Housing Project will provide 77,400 homes across Nigeria’s 774 local government areas. According to Dangiwa, the Ministry of Housing and Urban Development has the job of driving this vision by setting policies, creating partnerships, and strengthening institutions. One of its strongest tools is the Federal Housing Authority (FHA) (see FHA), which has been mandated to push forward affordable housing delivery nationwide. PMW has previously reported similar initiatives in its Affordable Housing Developments in Nigeria coverage.
Partnerships remain central to addressing Nigeria’s housing deficit. The Minister called for stronger collaboration between FHA, the Federal Mortgage Bank of Nigeria (visit FMBN), developers, mortgage institutions, cooperatives, and pension funds to change the story of housing in Nigeria. Abdulmumin Jibrin, Chairman of the House Committee on Housing and Habitat, further emphasized that although land and capacity exist, the financial system has not caught up. He stated that the situation must be reversed so that financing can chase the houses, not the other way around. To explore more insights into how this affects investors, PMW recommends reading our Investment Insights section.
The Managing Director of FHA, Oyetunde Ojo, assured that the agency is aligning with the Renewed Hope Agenda to ensure the provision of affordable and livable housing. He noted that these efforts will directly reduce Nigeria’s housing deficit while also supporting orderly urban growth and providing shelter for vulnerable households. For more details on policy reforms and housing developments across the country, readers can visit our Real Estate News section.
