FG secures N70bn for Renewed Hope Housing Programme
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The Federal Government has mobilised over N70bn in private capital through Public-Private Partnerships to drive its Renewed Hope Housing Programme, a flagship initiative aimed at addressing Nigeria’s housing deficit.
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, officially opened the 19th edition of the Africa International Housing Show, unveiling a bold new state-by-state homeownership and housing development campaign as part of the Federal Government’s renewed drive to close Nigeria’s housing gap.
This was disclosed in a press statement signed by the Special Assistant, Media & Strategy, Federal Ministry of Housing and Urban Development, Mark Chieshe.“To date, over N70bn in private capital has been mobilised under Public-Private Partnerships to drive large-scale urban housing developments,” Dangiwa said.
“Across Africa, millions of families still cannot afford decent homes even when they are available. This administration is not just building houses; we are fixing the structural and macroeconomic foundations that will make housing truly affordable and sustainable for Nigerians today and in the future, Dangiwa added in his keynote address.
He outlined the Federal Government’s three-tier Renewed Hope Housing Programme, comprising Renewed Hope Cities, Renewed Hope Estates, and Renewed Hope Social Housing Estates, describing it as the blueprint for affordable housing delivery across Nigeria.Dangiwa also drew attention to the Federal Mortgage Bank of Nigeria’s growing suite of housing support products. These include the Rent-to-Own Scheme and Rental Assistance Product, both targeted at reducing the housing burden for urban workers and young families. He added that the upcoming MOFI Real Estate Investment Fund will further boost access to long-term, affordable mortgage financing.
A key highlight of the Minister’s remarks was the launch of a state-by-state housing campaign aimed at improving subnational execution of federal housing policy.
“We will embed housing reform champions in state governments, convene state housing roundtables, and provide hands-on support to structure viable housing projects and unlock financing opportunities,” he announced.
The campaign is expected to bring federal agencies, state governments, private developers, and development partners into closer alignment to tackle local challenges and deliver context-specific solutions.
The Minister further emphasised the government’s commitment to urban renewal and slum upgrading in line with international frameworks, including the UN-Habitat Global Action Plan and the Addis Declaration on Inclusive Urban Development.
“No one and no place is left behind,” he stressed.
Calling for increased collaboration, Dangiwa urged development finance institutions, donor agencies, and private investors to turn shared insights from platforms like AIHS into measurable impact on the ground.“Housing is not a privilege. It is a right. When we invest in housing, we invest in people, jobs, cities, and our collective future,” he said.
