Amid Nigeria’s growing housing deficit, the federal government has reaffirmed its commitment to addressing the crisis through strategic Public-Private Partnerships (PPP).
Minister of Housing and Urban Development, Ahmed Musa Dangiwa, made this known in Abuja during the Renewed Hope Housing PPP Summit, where a memorandum of understanding (MoU) was signed with key stakeholders. Dangiwa emphasized that the partnership aims to close the housing gap, which currently exceeds 20 million units.
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“Nigeria’s housing deficit is estimated at 28 million units, requiring an investment of N21 trillion. To bridge this gap, we must deliver 500,000 housing units annually over the next decade, with each unit costing approximately N10 million. This translates to an annual funding requirement of N5 trillion,” Dangiwa stated.
Senator Aminu Tambuwal, Chairman of the Senate Committee on Lands, Housing, and Urban Development, underscored the importance of a well-structured PPP model. He noted that such partnerships could unlock sustainable financial frameworks, leverage cutting-edge technologies, and implement scalable solutions tailored to Nigeria’s housing needs. Tambuwal further pledged the National Assembly’s support for policies that promote sustainable development in the housing sector.
In his opening remarks, the summit convener, Dr. Olayemi Sodimu Rotimi, highlighted the essence of the gathering: to foster collaboration among stakeholders, showcase innovative solutions, and share best practices aimed at tackling Nigeria’s housing challenges.
The summit brought together government officials, private sector players, and development partners, all seeking to chart a new course towards reducing the housing deficit and ensuring more Nigerians have access to affordable home