The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has announced that President Bola Tinubu will soon launch the Renewed Hope Social Housing Programme a nationwide initiative aimed at making affordable homes accessible to all Nigerians, regardless of class or income.
Dangiwa disclosed this while hosting a delegation from Creative Sphere Limited at the Ministry’s headquarters in Mabushi, Abuja.
He explained that the initiative targets low-income earners, the unemployed, vulnerable citizens, and Internally Displaced Persons (IDPs), cutting across both formal and informal sectors.
As part of the programme, the Federal Government plans to construct 100 housing units in each of Nigeria’s 774 local government areas totaling 77,400 homes within one year from launch.
Describing the initiative as “visionary,” Dangiwa said it aligns with President Tinubu’s vision of ensuring decent housing for all.
“It underscores his passion for a better Nigeria, where even the most vulnerable can own a livable home,” he said.
The programme will be financed through the Renewed Hope Infrastructure Development Fund (RHIDF).
In terms of design, the Minister stated, “Each estate will be equipped with auxiliary facilities such as recreational areas, a primary school, a police outpost, a clinic, and a shopping mall.”
Dangiwa explained that 80% of the homes will be sold to residents of the host local government areas who earn a steady income. Buyers will be expected to contribute one-third of their monthly income as payment.
“Anyone earning as low as N30,000 per month will be able to purchase a house, as they will only need to pay N10,000 monthly, which is one-third of their earnings. Similarly, someone earning N90,000 will pay N30,000,” he explained.
The remaining 20% of the houses will be allocated free to citizens with little or no income, including widows, orphans, and other vulnerable members of society.
The Minister emphasized that the social housing scheme is one of three components under the broader Renewed Hope Housing initiative. The other two include the Renewed Hope Housing Estates and Renewed Hope Cities.
According to him, the Renewed Hope Cities are being developed through Public-Private Partnerships (PPPs) in seven locations: the Federal Capital Territory (FCT), and one city each in Rivers (South-South), Lagos (South-West), Enugu (South-East), Nasarawa (North-Central), Kano (North-West), and Maiduguri (North-East).
Additionally, under the Renewed Hope Estates initiative, the government is constructing 250 housing units in each of 30 state capitals.
“We are constructing 250 units, taking two capital cities from each geopolitical zone, making a total of twelve. These are funded through the Federal budget, and this year, we intend to expand further,” he said.
In response to a partnership proposal from Creative Sphere Limited for the upcoming Real Estate Innovation and Investment Carnival, Dangiwa expressed support and praised the concept.
He noted that the carnival, roadshow, and award night are valuable opportunities to promote the housing sector and boost awareness of the Ministry’s programmes.
Earlier, Chairman of Creative Sphere Limited, Monday Ogedengbe, told the Minister that their visit was to explore collaboration on the forthcoming event.
He said the company aims to use a carnival-style awareness campaign to spotlight real estate’s role in national economic development, both locally and internationally.