The Federal Government’s plans for a state-by-state homeownership and housing development campaign, a collaborative initiative with state governments, private developers, and development partners, were unveiled in a major announcement by the Minister of Housing and Urban Development, Ahmed Dangiwa, in an effort to close policy execution gaps at sub-national levels.
He laid out the strategy as he opened the 19th edition of the Abuja-based Africa International Housing Show (AIHS), confirming the Federal Government’s commitment under President Bola Ahmed Tinubu’s “renewed hope agenda” to address the country’s housing crisis with bold, inclusive, and novel reforms.
The Minister stated that “we will embed housing reform champions in state governments, convene State Housing Roundtables, and provide hands-on support to build viable housing projects and unlock financing opportunities.”
In his opening address to a gathering of ministers, lawmakers, members of parliament, ambassadors, development partners, housing professionals, financial institutions, and leaders from the private sector from across Africa and beyond, Dangiwa emphasized that, despite expanding housing supply efforts, affordability continues to be the biggest obstacle to homeownership on the continent.
“Millions of families across Africa are still unable to purchase decent homes despite having access to them. The Minister stated that this administration is “building houses” and that it is also working to lay the foundations for a truly affordable and sustainable housing system for Nigerians both now and in the future.
He cited the three-tier Renewed Hope Housing Programme of the Federal Government as the blueprint for delivering affordable housing across the country. It consists of Renewed Hope Cities, Renewed Hope Estates, and Renewed Hope Social Housing Estates.
According to him, to date, public-private partnerships (PPPs) have been used to fund significant urban housing developments, bringing in more than 70 billion dollars.
The Minister also praised the Federal Mortgage Bank of Nigeria’s (FMBN)’s (FMBN) key initiatives, including the MOFI Real Estate Investment Fund (MREIF), which will expand access to long-term mortgage loans at affordable rates, as well as the Rent-to-Own Scheme and Rental Assistance Product, which are designed to relieve housing pressure on urban workers and young families.
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According to the UN-Habitat Global Action Plan and the Addis Declaration on Inclusive Urban Development, “no one and no place is left behind,” he further reiterated the ministry’s commitment to urban renewal and slum upgrades.
Dangiwa urged development finance organizations, donor organizations, and the private sector to work with the Federal Government to turn shared knowledge gained at conferences like AIHS into tangible outcomes for Nigerians.
Source: Channels TV
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