The Federal Government has announced that it has raised over N70 billion through Public-Private Partnerships (PPP) to boost the delivery of affordable housing across the country, in a renewed effort to tackle Nigeria’s deepening housing deficit.
Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, disclosed this while addressing journalists in Abuja on the progress of key housing initiatives under the current administration. He said the funds were mobilized through strategic collaborations with private sector developers and financial institutions.
“This is a significant step forward,” Dangiwa said. “Through these partnerships, we are leveraging private capital and expertise to deliver quality housing solutions at scale, particularly for low- and middle-income earners.”
Nigeria is estimated to have a housing deficit of over 17 million units, a challenge that successive governments have struggled to address. Dangiwa noted that the PPP model enables the government to unlock investment without overburdening public finances.
According to the minister, the funds will support multiple projects, including the construction of thousands of housing units across key urban centres and the development of infrastructure in new residential layouts.
Dangiwa also highlighted reforms aimed at improving access to land, streamlining mortgage systems, and strengthening regulatory oversight to attract more investors into the housing sector.
Stakeholders in the real estate industry have welcomed the move, calling for transparent implementation and community engagement to ensure that the projects meet local needs.
With the PPP-driven funding now in play, the ministry says ground-breaking for several of the projects will begin in the coming weeks, marking what officials hope will be a turning point in Nigeria’s decades-long housing crisis.
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