The Nigerian Federal Government has announced a landmark initiative under the Renewed Hope Agenda to deliver 77,400 social housing units and new Renewed Hope Cities in Lagos, Abuja, and Kano, directly addressing the critical Nigeria housing deficit
[dropcap]T[/dropcap]he Nigeria housing deficit is set to receive a significant boost as the Federal Government announces a landmark initiative under the Renewed Hope Agenda, aiming to deliver 77,400 social housing units across the nation.
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This ambitious plan also includes the launch of new Renewed Hope Cities in Lagos, Abuja, and Kano.
This major development was recently disclosed by the Minister of State for Housing and Urban Development, Yusuf Ata, in a statement.
Speaking on the ministry’s mandate and the importance of external collaboration, Ata stated, “The primary mandate of the ministry is to provide mass housing for Nigerians, and we welcome potential collaboration with Ms Allen Le and Partners International Investment Consulting Joint Company in achieving this goal.”
He firmly reaffirmed the Federal Government’s commitment to tackling the country’s housing challenges through significant investments and strategic partnerships.
“Under the Renewed Hope Agenda, we are constructing 3,000 housing units each in Lagos, Abuja, and Kano for Renewed Hope Cities and 250 housing units in each of the 36 states for the Estates,” he detailed.
Highlighting the extensive scope of the ministry’s social housing efforts, the minister announced a nationwide rollout:
“Additionally, the social housing initiative will deliver 77,400 housing units, 100 in each of the 774 local government areas,” he said
Ata emphasised the importance of clarity in any collaborative ventures, telling a visiting delegation, “We need to know specifically how we will partner with you.
Make a formal proposal to the ministry indicating where you want to collaborate with us. We look forward to seeing clearly the areas where you want us to come in.”
Crucially, the minister noted that a significant portion of these new homes will be dedicated to the nation’s most vulnerable citizens.
“30 per cent of the 77,400 social housing units will be given to the non-income Nigerians,” he stated, commending “President Tinubu for maintaining his stand on 30 per cent even when 20 per cent was proposed to him.”
The visiting delegation, led by Allen Ke Nam of SV-NED Incorporated, expressed keen interest in investing in the housing sector, particularly in the construction of affordable housing.
He requested land from the government to facilitate their investment and underscored the socioeconomic benefits of such a partnership.
“The collaboration will lead to job creation and skilled acquisition as new construction methods will be introduced in the course of construction,” Nam affirmed.
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The Permanent Secretary of the Ministry, Shuaib Belgore, also welcomed the initiative, expressing optimism about the potential collaboration and assuring the delegation of the Ministry’s full support.
Oreoluwa is an accountant and a brand writer with a flair for journalism.
