FG LOOKS TO GLOBAL PARTNERS TO SCALE HOUSING DELIVERY UNDER RENEWED HOPE AGENDA

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By: Fasasi Hammad

The Minister of Housing and Urban Development, Ahmed Dangiwa, has called on global investors and real estate developers to partner with Nigeria in scaling housing delivery under the Renewed Hope Housing Programme.

Dangiwa made the call in Riyadh, Saudi Arabia, while speaking at a high-level panel session titled “Building Strong Foundations: The Role of Government in Real Estate” during the 2026 Saudi Real Estate Forum (RFF 2026).

In a statement issued on Monday and signed by the Director of Press and Public Relations, Badamasi Haiba, the minister described Nigeria’s housing market as one of Africa’s largest, most urgent, and most bankable demand opportunities.

According to Dangiwa, Nigeria’s housing strategy under the Renewed Hope Agenda is anchored on a clear affordability benchmark, which stipulates that no household should spend more than one-third of its income on housing, whether through rent or mortgage payments.

He explained that the Renewed Hope Housing Programme adopts an income-based framework to ensure that housing solutions are aligned with the actual earnings of citizens.

Under the programme, the government is delivering Renewed Hope Cities for high-income earners, Renewed Hope Estates for middle-income families, and Social Housing for low- and no-income Nigerians.

“Affordability must be treated as a practical delivery standard, not a slogan. The programme is designed around what Nigerians can realistically afford,” Dangiwa said.

“Government must intervene most strongly where private markets are unlikely to provide solutions, particularly for low-income citizens.”

The minister disclosed that the programme prioritises Nigerians with the greatest housing needs, including vulnerable groups such as internally displaced persons (IDPs).

He revealed that under the Renewed Hope Social Estates initiative, 30 per cent of housing units will be delivered free of charge to Nigerians requiring urgent housing support.

Dangiwa noted that private sector participation is most viable in commercially sustainable segments, particularly the Renewed Hope Cities and aspects of the Renewed Hope Estates, which offer clearer investment pathways and returns.

He assured investors that the government is committed to de-risking housing delivery by addressing challenges only the public sector can resolve, including land readiness, provision of supporting infrastructure, and reforms to approval and delivery processes aimed at reducing costs and shortening timelines.

According to him, the government’s approach is deliberately practical, with the public sector assuming controllable risks such as land acquisition and right-of-way issues, while private partners focus on construction, operations, and financing.

Dangiwa stressed that Nigeria’s housing demand remains “massive and immediate,” noting that Renewed Hope Cities are already being delivered in Abuja, Kano, and Lagos—evidence that the programme is active, market-driven, and scalable.

He urged global investors not to remain on the sidelines, emphasizing that Nigeria is open for partnership.

“Our message is clear: don’t come to watch—come and partner with us to deliver at scale,” he said.