Tinubu targets 10,000 housing units across 14 states, FCT | Prestige Real Estate News
• Renewed Hope cities advancing in Abuja, Lagos, Kano
President Bola Tinubu yesterday said his administration plans to deliver more than 10,000 housing units in 14 states and the Federal Capital Territory (FCT).
The initiative, aimed at bridging the nation’s housing deficit, is expected to lead to the creation of over 300,000 jobs.
Tinubu also said his government’s reforms are attracting greater investment into the housing sector through improved land administration, stronger financing frameworks, enhanced project structuring and greater transparency.
He spoke at the opening of the 20th Africa International Housing Show (AIHS) in Abuja,
The President, who was represented by the Secretary to the Government of the Federation (SGF), Senator George Akume, added that his administration’s Renewed Hope Agenda is moving beyond policy formulation to tangible implementation through strategic housing projects and public-private partnerships.
He revealed that Renewed Hope Cities in Abuja, Lagos and Kano were already at different stages of development, while additional housing estates and cities are being developed across the six geo-political zones of the country.
According to a statement issued by Akume’s Special Adviser on Media and Publicity, Yomi Odunuga, the President said housing is not merely a social necessity but a critical economic asset that drives productivity, promotes human dignity and strengthens national stability.
“The Federal Government of Nigeria recognises housing as a strategic national priority and is committed to sustained, whole-of-government support for the sector”, Tinubu said.
He noted that effective housing delivery requires coordinated action across land administration, finance, infrastructure, urban planning, industry, social welfare and intergovernmental collaboration.
The President said his administration is also expanding partnerships with private investors while strengthening long-term housing finance through institutions such as the Federal Mortgage Bank of Nigeria.
He urged local and international investors to take advantage of opportunities in Nigeria’s housing market, assuring them of a conducive investment climate.
“Nigeria welcomes serious partners who are ready to build, finance and innovate at scale”, he said.
Tinubu further pledged that Nigeria would continue to work with continental institutions, including the African Union and Shelter Afrique Development Bank, to develop sustainable solutions to Africa’s growing housing challenges.
He also called on developers, financial institutions, manufacturers, policymakers and development partners to use the 20th anniversary of the Africa International Housing Show as a platform to deepen collaboration and accelerate efforts to close the continent’s housing gap.
